ARTICLES FOR BUYERS

NEW INSURED MORTGAGE OPTION FOR NEWLY BUILT HOMES: THE 411

Posted on Aug 02, 2024 in For Buyers

Starting August 1, 2024, homebuyers in Canada will have a new mortgage option available for newly built homes. This initiative, introduced by the Canadian Mortgage and Housing Corporation (CMHC), aims to support affordable homeownership by offering insured mortgages with a 30-year amortization period, when it was previously a 25-year amortization p...

SHOULD I BUY BEFORE SELLING?

Posted on Jun 03, 2024 in For Buyers

Should you buy first or sell first? Sometimes this feels a bit like asking whether the chicken or the egg came first. The answer to the buy/sell dilemma has so many variables attached to it, but it's definitely not a hopeless loop of circular reasoning if you look at the current market. And perhaps if we remove the should or should not vocabulary a...

NEW HOME WARRANTIES EXPLAINED

Posted on Jun 01, 2024 in For Buyers

If you're thinking about buying/building a brand new home, are you confident in your knowledge of the new home warranty that comes with it? As the resale market in Calgary keeps tightening, new builds are increasing in popularity, so it's more important than ever to make sure you know what you're getting. There's a lot to know, but the good news is...

SHOULD YOU BUY NOW OR WAIT FOR RATES TO DECLINE?

Posted on Jan 19, 2024 in For Buyers

There is a lot of talk circulating about interest rates coming down this year. In fact, fixed rates (which are based on the bond market) have already started to improve slightly and are expected to continue to improve. Variable rates, which are directly affected by the overnight lending rate set by the Bank of Canada, are also expected to start com...

THE DOs & DON'Ts OF COMPETING OFFERS

Posted on Nov 20, 2023 in For Buyers

So, you've been tirelessly searching for that perfect property and finally found it! Excitement builds, and you start to plan your offer, when suddenly you learn that yours is not the only offer on the table. You are going to be competing against other buyers interested in the same property as you.

Finding yourself in a competing offer situation ca...

HIGH INTEREST RATES HOLDING YOU BACK?

Posted on Feb 15, 2023 in For Buyers

Maybe the time has come to upgrade to a larger home or one that is a better fit for your lifestyle or location. Maybe the kids are gone, and it’s time to downsize to something that works better.

When interest rates start increasing, some people start to feel held back from purchasing a new home, especially if they have a lower rate locked in on th...

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