November 2018: Interest Rate Outlook

Who wants to see the future of interest rates? If you're interested in Calgary Real Estate, perk your ears up! Interest rates influence people's home affordability which is a part of

Three Ways You Can Unknowingly Damage Your Home Affordability When Changing Jobs Or Careers.

How To Properly Plan Your Personal Income For Mortgage Approval So You Avoid The Heartbreak Of Losing Your Dream Home. People. Pay attention to this because it's a very common misconception

What Income Is Eligible For Mortgage Qualifying?

Here's The BIG Problem With Mortgage Qualifying Income: In Mortgage qualifying, specifically related to income, there is a two-sided coin: my "income in reality" and "Mortgage income eligibility". This can create A

Inflation – Real Estate – Home Buyer Demand

I have a quick story for you that has altered my thinking over the past 15 years. In 2003 I was playing football for the Calgary Colts Junior team and was

Calgary Market Update: Anticipated Pain

If I go back to previous months market updates (December, January, February) this kind of data we're seeing today can be somewhat anticipated. Below are some leading indicators of Real Estate

Mortgage Qualifying Ratios Explained

Mortgage lenders look at several important numbers when determining home buyers affordability. This blog post examines these formulas and their inputs. Gross Debt Servicing Ratio (GDSR or GDS): Here is THE formula

What Are Four Issues The BoC Is Monitoring??

Subtitle: Bringing Canada's Economy Home The Bank of Canada (BoC) Governor, Stephen Poloz, spoke in St. John's NL late September. His speech was the first time speaking publicly since raising the

Waiting To Purchase A Home?

Buy low. Sell high. Simple enough, right? Ahhh ...if only it were that simple. The busiest time in Real Estate is when prices in the market are at the TOP. Buy high. Panic and sell low.

The Reality Of Your Down Payment

What Is The Minimum Down Payment For A Home In Calgary? Today, the minimum down payment in Canada is 5% of the purchase price. [Please routinely visit this blog for updates to

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