REALTORS® serving Calgary and area

 

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Calgary's trusted source of real estate news, advice and statistics since 1983.

 

Cody Stuart / CREB®Now

COVID-19 resources for Calgarians

May 29, 2020 | Tyler Difley


Stories Tagged - Mortgages

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April 07, 2020 | Tyler Difley

COVID-19 and the Calgary housing market: forecasting potential short- and long-term impacts

As governments and individuals around the world work to combat the spread of the COVID-19 virus, it has become clear the epidemic will have far-reaching impacts for Calgary's residents, businesses and economy.

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Aug. 21, 2019 | Josh Skapin

Risky business: popularity of alternative mortgage lenders increased in 2018

A rising number of homebuyers in Canada are turning to alternative lenders for a mortgage, says the Canada Mortgage and Housing Corporation (CMHC).

Mortgage investment corporations (MICs) held between $13 and $14 billion of outstanding mortgages in Canada in 2018, capturing one per cent of the market share, according to a CMHC report.

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June 26, 2019 | Tyler Difley

POP QUIZ: Put your real estate knowledge to the test!

Think you're a real estate expert? Familiarity with the ins and outs of homebuying and home selling can give you an edge in the housing market and save you money. So let's put your knowledge to the test!

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Jan. 23, 2019 | Gerald Vander Pyl

Can I afford to buy a home in Calgary? Experts weigh in

Given the current economic situation across the province, the big question on many Calgarians' minds these days is, "can I afford to buy a home?"

Left to right: John Hripko, Laura O'Connell, Sam Crick & David P. Brown

June 20, 2018 | CREBNow

REALTOR® Q&A

You asked, we answered

The people have spoken! We asked you for your most pressing real estate questions, then threw them to our expert panel of experienced REALTORS®: John Hripko (Royal LePage Benchmark), Laura O'Connell (RE/MAX House of Real Estate), Sam Crick (RE/MAX Realty Professionals) and David P. Brown (The Real Estate Company Ltd.).

June 18, 2018 | Tyler Difley

Mortgages demystified

Valuable information for prospective homebuyers

Canada's new mortgage qualification rules and how they could affect you

On Jan. 1, 2018, new mortgage rules came into effect. Under the new rules, Canadian mortgages are subject to stricter qualifying criteria. Ultimately, this means some buyers will have to settle for less expensive homes than they could have qualified for prior to the rule change – up to 20 per cent cheaper in some cases.

All homebuyers must now go through the mortgage stress test:

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Aug. 02, 2017 | Gerald Vander Pyl

Mortgage madness

Making the right decisions during this crucial part of buying a house can set you up for long-term financial success

For anyone buying real estate, arranging a mortgage is a sure sign that you're about to make your dream home a reality.

But with the all the options that are available, how do you find the mortgage that's right for you?

Greg Miller, a mortgage professional with SmartCap Inc. in Calgary, says step one for him is "finding out what are the client's short-term needs and long-term needs, their goals, and what does their budget allow for in terms of a payment?

"After that you can tweak a mortgage to cater it to them."
ATB Financial chief economist Todd Hirsch. CREB®Now file photo

Jan. 11, 2017 | Joel Schlesinger

Barriers to recovery

Report notes mortgage lending rule changes could spell trouble for city's housing market

Recent changes by the federal government to mortgage lending rules will likely serve as headwinds for the city's recovering real estate market in the coming year, said CREB® in its 2017 Economic Outlook and Regional Housing Forecast.

Since 2008, the federal government has been tightening mortgage lending rules.

Past president Jim Moore now spends his time as CEO and executive director of the Dream Centre. Photo by Michelle Hofer/For CREB®Now

Dec. 21, 2016 | Cailynn Klingbeil

55 Years of Calgary Real Estate: 1985 CREB® President Jim Moore

Current economic challenges harken back to past president's term

The early 1980s in Alberta were a memorable and challenging time for anyone who lived through them.

Characterized by a severe global recession, widespread housing foreclosures, bankruptcies and unemployment, by the time Jim Moore was president of the Calgary Real Estate Board in 1985, market conditions remained difficult but some changes were afoot.

Oct. 26, 2016 | Marty Hope

Stress test

Experts say new mortgage rules might take some buyers out of the game

Getting into your "ideal" home might be more difficult following the introduction of new federal regulations pertaining to insured mortgages.

Under new regulations introduced this week, all mortgages must be "stress-tested" at the posted rate instead of negotiated rates that have recently been around 2.5 per cent.

Previously, only mortgages with a term less than five years, as well as any variable-rate mortgages, had to qualify at the benchmark rate.

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