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Stories Tagged - Mortgages
News
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.
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.
News
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.
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.
News
June 24, 2016 | Cailynn Klingbeil
55 Years of Real Estate: 2007 CREB® Past President Ron Stanners
Former CREB® president Ron Stanners recalls local housing industry slows down slightly in 2007 after break-neck speed years prior
Over the past five decades, Calgary's real estate industry has been bare to it all – from double-digit interest rates to densification. As part of an ongoing series, CREB®Now continues to weave together an incredible narrative of how the local housing industry has evolved through the unique perspectives of CREB®'s 30 remaining past presidents.
Following two "absolutely crazy" years in Calgary's real estate market, Ron Stanners almost looked forward to the slightly slower pace when he became CREB® president in 2007.
"It was a good year, but it was not the boom of the years before," he said.
"The first half of the year had good, solid sales. Then, sales did slowdown in the latter half. That's normal, but they slowed more than normal."
Over the past five decades, Calgary's real estate industry has been bare to it all – from double-digit interest rates to densification. As part of an ongoing series, CREB®Now continues to weave together an incredible narrative of how the local housing industry has evolved through the unique perspectives of CREB®'s 30 remaining past presidents.
Following two "absolutely crazy" years in Calgary's real estate market, Ron Stanners almost looked forward to the slightly slower pace when he became CREB® president in 2007.
"It was a good year, but it was not the boom of the years before," he said.
"The first half of the year had good, solid sales. Then, sales did slowdown in the latter half. That's normal, but they slowed more than normal."
News
Oct. 29, 2014 | Nolan Matthias
Top three mortgage picks
Best options beyond five-year terms
With interest rates remaining at all-time lows and, for the first time in years, staying that way this fall, some consumers are starting to wonder whether a five-year fixed mortgage is the best option – especially given recent news of payout penalty nightmares.
As a result, we have selected our top three non five-year mortgage products for the fall market.
With interest rates remaining at all-time lows and, for the first time in years, staying that way this fall, some consumers are starting to wonder whether a five-year fixed mortgage is the best option – especially given recent news of payout penalty nightmares.As a result, we have selected our top three non five-year mortgage products for the fall market.
