REALTORS® serving Calgary and area

 

CREB Now Logo

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

 

Stories Tagged - first time buyers

Getty Images
News

March 02, 2021 | Geoff Geddes

Give and take: how to navigate price negotiations during a home purchase

Finding the right home might still be about location, but when it comes to getting the best deal, the key is negotiation.

Getty Images
News

Aug. 21, 2019 | Gerald Vander Pyl

Borrowing outside the box: tips for homebuyers with specialized mortgage needs

Getting a mortgage is a straightforward process for many people. However, there are certain buyers whose specific circumstances require a specialized mortgage product.

Kristi Hyson, mortgage associate with Axiom Mortgage Solutions, says some brokers primarily do basic mortgages, so if your needs "don't fit in that box" they might not have a ready solution.

When Danielle Burtoway saw Copperfield Park III, she knew immediately it was right for her.  Photo by Tyler Klinkhammer / For CREB®Now
News

March 09, 2017 | Kathleen Renne

Taking the Plunge

First-time home buyer finds her new abode by following her instincts


Danielle Burtoway has always had her sights set on buying a home, rather than renting one.


"I want to be smart about it," said the 24-year-old, who currently lives with her parents. After looking for the past several months, Burtoway has taken the proverbial plunge – she's buying a unit in Copperfield Park III.


While Burtoway admits that price was a definite consideration, she didn't commence her property search with a specific list of criteria.


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.

Inner-city high rises like Park Point are serving a growing niche of downsizers. Illustration courtesy Qualex-Landmark
News

Aug. 22, 2016 | Joel Schlesinger

Boomers making their mark

Condo developers respond to 'downsizing' needs

As the largest segment of the population in North America, baby boomers have shaped our world more than any other age group. And their impact on housing is profound.

Now, while this generation, born between 1946 and 1964, is becoming increasingly gray, the real estate industry is responding to their needs for housing.

Many developers in Alberta are turning their attention to high-density high-rises in centrally located neighbourhoods to reflect boomers' demand for stylish, worry-free living, said Parham Mahboubi, vice-president of planning and marketing at Qualex-Landmark — a Vancouver-based development firm which is the force behind Park Point in the Beltline along 12th Avenue S.W.


Connect With Us

Contact CREB®

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.


© CREB®  |  All rights reserved