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Stories Tagged - insurance
CREB® NEWS
March 27, 2024 | CREB
It's time for your annual insurance review
BrokerLink Insurance offers CREB® members exclusive discounts on home and auto insurance. Through this group insurance program, CREB® members benefit from comprehensive coverage, superior customer service and customized insurance to fit their needs.
News
Feb. 08, 2021 | Tyler Difley
Eight tips for saving money on your home insurance
For homeowners, insurance is an inescapable expense that can quickly add up when stacked on top of other financial obligations like a mortgage, property taxes and utilities. That's why it's important to make sure you're getting the best deal possible – even a few small discounts applied to your premiums can turn into huge savings over time.
News
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.
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.
News
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.
News
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:
Starting July 1, new applicants for CMHC's mortgage default insurance will have to meet the following criteria:
News
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.
News
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.
News
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.
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.
News
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.
News
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.