Chad Moore Calgary Mortgage Broker

Let’s Break Down Where We’re At:

• The price per barrel of oil is hitting multi-year lows,
• The Canadian dollar is down
• The Bank of Canada has lowered interests rates TWICE
• OPEC nations continue to boost the supply of oil
• The Chinese economy is devaluing their currency and their demand for oil (world’s largest consumer) is down
• Companies in Canada/Alberta/Calgary are going out of business and laying off people everyday
• We are also in the middle of a political change Provincially AND Federally
• Canadian’s debt to income ratio’s are skewed too
• (if I missed anything, leave me a comment below).

As you’re reading you may be thinking about the security of your employment, your spouses employment or someone else you care about.

And really, I am doing the same too.

What To Expect In
Calgary Real Estate:

1.  Bond yields tanking.  When yields decrease, the spread Mortgage lenders make increases.  There is no threat of increasing fixed interest rates.

2.  Bank of Canada lowering rates (again?).  The BoC does have room to lower interest rates.  The two main reasons for interest rate movement is economic stimulation OR put a lid on inflationary pressure (we have ZERO inflationary pressure right now).

3.  Decreased housing demand.  The law of supply and demand, like in the oil industry, is alive and well in Calgary Real Estate.  With market fluctuations like we see today, people tend to shy away from big financial moves (purchasing homes).  The BIG question is what will happen to housing supply in Calgary.  Stay close to my blog as I post three important statistics to help anticipate our supply, and future prices.

If You’re Thinking
About Buying, Do This:

Stay very close to the market.

I specifically mean being pre-approved to purchase.  Even if you are 12 months away from potentially purchasing.

Here’s why.

1.  Feel confident in your affordability.  Owning a home is more expensive than renting (monthly expense wise).  You also want to maintain some sort of lifestyle and continue hanging out with your friends, right?  That’s why purchasing within your realistic affordability range is crucial to understand.

2.  Create some context for the market.  When you’re pre-approved, you’ll only look at homes at or below your price range, saving you A LOT of time.  When you have context of the market, you’ll recognize a great deal on a home that meets your criteria AND you’ll be ready to make an offer to purchase.

3.  Stop wondering about the market.  I think the most stress comes from “not knowing”.  Not knowing where the market is going, when to buy, how much you can afford, what your Mortgage payment is, what is the true cost of living in this home etc.  Get clear.  Get it off your mind.  Get focused on other things again.

You see, a lot of wealth is created when you BUY a home, not necessarily when you sell.

Take Advantage …NOW!

You know that I tell you the way it is.  No sales, hype or pressure.  Just the information you want (and more) to help you in a timely and professional manner.

And you know you’re obviously really serious about purchasing a home, at what may be the best prices in a decade.  I just want to take a second and acknowledge you for that.

Most people never take the time to read and educate themselves the way you have.

You’re online reading this post and you really have the commitment and determination to change the course of your life right now, by contacting me today.

If you’re working, have savings for a down payment and established credit, you’re perfectly positioned to make huge financial gains in our current economy.

I specifically help people like you purchase their first home with the best overall Mortgage plan TODAY and over the course of your Mortgage term.

Contact me, right now, so I may help customize your Mortgage and Real Estate experience today.

100% risk free.  100% no obligation.

Simple Mortgage straight talk.

Cheers,
Chad Moore
403-809-5447
chad@canadamortgagedirect.com