Housing market may hit slow patch on back of interest rate hike, new mortgage rule

Posted January 19, 2018

‘This is the most significant test the market has seen in recent years,’ said Benjamin Tal, CIBC’s chief deputy chief economist Published on: January 16, 2018 | Last Updated: January 16, 2018 8:44 AM MST TORONTO — Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure… Read More→

Low-Ball Offer on House

Posted January 16, 2018

You’ve invested a great deal in this house. So when the time comes to put it on the market, you expect potential buyers to recognize its true value. But sometimes, you get an offer that’s so far below your asking price it feels like someone pitched a baseball straight at your stomach. Should you simply walk away from… Read More→

New Listing – 39 Elgin Estate Hill SE, Calgary

Posted January 11, 2018

**NEW LISTING SE CALGARY** Prime location in Elgin Estates backing to greenspace and pathway leading to a pond and play parks. This upscale community is within walking distance of schools, shopping, major transit lines and miles of pathways to enjoy the natural surroundings. Inside you’ll discover a warm, comfortable atmosphere with estate finishes and loads… Read More→

7 Tips to Keep in Mind When Buying Your First Home

Posted January 6, 2018

December 26, 2017 Emma Yardley Deciding to take the plunge and get into the housing market is an exciting (and terrifying) time. From open houses to home insurance, these tips will help you get prepped for your first home. Tomorrow Never Dies The majority of first-time homebuyers in Canada were born between 1980 and 1995,… Read More→

New Mortgage Rules 2018: Practical Guide

Posted December 30, 2017

By Erica Alini National Online Journalist, Money/Consumer  Global News Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate. New rules by Canada’s federal financial regulator announced in October mean that even borrowers with… Read More→

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