Mortgage Penalties: A fundamental review
Hey! I've had this conversation twice in the past week with existing clients and wanted to update everyone on some fundamental information. 1. Mortgage penalties. [] Why. [] What. 2. Penalty formulas. [] 3
Category
Fundamental knowledge
Calgary Real Estate Report: May 2021
What's happening in Calgary Real Estate? A lot. And for many reasons. Let's take a look at data from the Calgary Real Estate Board (CREB) to start
Insured Mortgage Rule Change
The Mortgage qualifying goal posts have slightly moved, again!Here's a quick history of recent rule changes:July 2020: CMHC qualifying rule change (in effect).April 2021: Uninsured qualifying rule change (effective 1 June 2021). *May 2021: Insured
Mortgage Rule Change Coming!
Another Mortgage rule change is to take effect 1 June 2021. Here's what you need to know ... What is a "stress test"?What are current Mortgage qualifying rules?What is the
Calgary Real Estate Update: Lit.
With the month of March behind us, let's look back at the data to gage Calgary's detached and apartment housing market's near term price movements. I've been writing this summary
Market Opportunities
Let's talk about some market opportunities due to the recent fixed interest rate hikes and forward guidance by the Bank of Canada. Before we dive into the opportunities, let's
Market Update: Where’s The Inventory?
Let's look back at February's housing data for a temperature check on Calgary's Real Estate market (data from CREB (link)). My intention is to provide you some of my insight
And We’re Off!
2021 Real Estate has started strongly. Here's why! Low inventory. I think people are less willing to list their homes for sale in a pandemic (shocking). S.T.I.M.U.L.U.S.
Purchase Plus Improvement Mortgage
This article is how to include the cost of a home renovation into your Mortgage. FAQ below. This is a high-level list of how this program works.