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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