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Stories Tagged - insurance

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Dec. 22, 2020 | Josh Skapin

CMHC program can save "green" borrowers up to 25 per cent on mortgage insurance premiums

Along with lowering monthly utility bills, green home features can also cut costs for homeowners by reducing their mortgage insurance premium.

Depending on the home's degree of energy efficiency, up to a quarter of a borrower's premium can be covered by a rebate through the Canada Mortgage and Housing Corp. (CMHC) Green Home program.
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June 18, 2020 | Tyler Difley

How to navigate home insurance claims and repairs for hail damage

A devastating hailstorm ripped through parts of Calgary on Saturday, shredding siding, breaking windows, pummeling vehicles and flooding streets.

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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:
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June 01, 2020 | Tyler Difley

Mortgage matters: options and advice for anyone falling behind on payments due to COVID-19

As the COVID-19 pandemic continues, many Calgarians have lost their jobs, been furloughed (i.e., temporarily laid off) or seen their working hours reduced. If this has happened to you and you own a home, the loss of income could, understandably, make it difficult to keep up with mortgage payments.

April 17, 2020 | Barb Livingstone

Calgary condo boards and residents grapple with unique COVID-19 challenges

When the novel coronavirus arrived in Alberta, residents and managers of tightly packed multi-family housing developments quickly realized special precautions were necessary to keep people safe and healthy.

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March 20, 2020 | Barb Livingstone

Construction collateral: navigating the deposit process for new-build home purchases

A deposit is the first financial hurdle a homebuyer needs to clear when buying a pre-construction home.

That deposit is generally five per cent of a home's total value for a purchase of less than $500,000, but it can be as high as 20 per cent for a $1-million-plus home. Those funds are a pre-construction commitment to the builder to take that condo or single-family home off the market. That money also gets put toward your eventual down payment.

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Jan. 31, 2020 | Gerald Vander Pyl

Reducing risk: Recent change to condominium insurance regulations could benefit Alberta owners

A recent change to the Condominium Property Act in Alberta could be good news for condo owners who might otherwise face a huge expense thanks to building damage caused by a problem in their unit.

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Aug. 21, 2019 | Natalie Noble

Shop around before protecting your mortgage with bank-offered creditor insurance

The mortgage-approval process can be a time of uncertainty, one that often ends with many bankers suggesting mortgage protection through their creditor insurance. Buyer beware – the product has come under scrutiny by the Financial Consumer Agency of Canada (FCAC) for incentivized sales and consumer risk.

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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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July 18, 2018 | Gerald Vander Pyl

Thinking inside the box

Six tips for a stress-free moving day

As exciting as it is to buy a home, it also brings with it the reality of moving day, and the hassles that come along with that process.

To take the guess work out of the big move, we talked to the experts to get their tips for planning a stress-free move: Barry Byman, sales manager and partner with AMJ Campbell International in Calgary, and Vince Kirton, regional manager with Sentinel Storage.

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