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

 

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July 15, 2020 | Tyler Difley

Bank of Canada stands pat on interest rates, forecasts GDP decline in 2020

The Bank of Canada has maintained its overnight rate target at 0.25 per cent, the effective lower bound, and released its updated outlook for the economy and inflation.

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June 10, 2020 | Tyler Difley

CMHC tightens lending requirements for insured mortgages

Canada Mortgage and Housing Corporation (CMHC) is changing its underwriting policies for insured mortgages.

Starting July 1, new applicants for CMHC's mortgage default insurance will have to meet the following criteria:
News

June 30, 2016 | CREBNow

Figuring out the financials

Tips on how to see if you're bank account is ready for your first home

So you're ready to be a homeowner. But is your bank account?

Canada Mortgage and Housing Corp. (CMHC) offers the following tips to help first-time homebuyers determine if their financially ready to take that first step:

News

Oct. 22, 2014 | Nolan Matthias

Making sure your mortgage closes

How to avoid costly mistakes before you have keys in hand

nolan Many homebuyers do not realize that even with an approved mortgage and after meeting the  necessary financing conditions, they are not guaranteed a loan until it has funded on the  closing date.

There are several things to consider to ensure a mortgage closes smoothly, and on time.

The first thing is avoiding the need to take on additional credit. While it may be tempting to load up on new furniture and appliances, do not apply for a loan to buy them. Even an interest-free, no-payment loan can affect whether someone qualifies for a mortgage. Wait until you have the keys to your new house before borrowing money.


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300 Manning Road N.E.
Calgary, Alberta
T2E 8K4, Canada

 

CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


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