Saturday, October 26, 2024 / by Chris Matlashewski
Real Estate | Built In Calgary Real Estate News Blog
Friday, October 18, 2024 / by Chris Matlashewski
Open House 135 Mt Apex Crescent S.E.
Friday, October 18, 2024 / by Chris Matlashewski
Open House 170 Rocky Ridge Point NW
Perfect Rocky Ridge Family Home with Mountain Access and Outdoor Spa Step into this beautifully designed home in the sought-after community of Rocky Ridge, Calgary.
Wednesday, October 9, 2024 / by Chris Matlashewski
Land Title Registration Fee Set to Increase in Alberta
Buying a home in Alberta is about to cost a few more $$$. As of October 20th, the cost to transfer title is set to more than double. Still not nearly as much as other provinces, but still a added cost to be aware.
Monday, September 23, 2024 / by Chris Matlashewski
Breaking Down the Bank of Canada’s Announcement Last Week
The Maximum Insured Mortgage Increases to $1,500,000.
-Buyers of properties between $1 million and $1.5 million can now use insured mortgage rules for minimum down payment.
-Down payment of 5% of the first $500,000 and 10% of any purchase amount above $500,000 up to $1.5 million.
-Buy a $1.5 million dollar home with $125,000 down.
-Depending upon property taxes, other debts, etc. a buyer must qualify using the stress test rules, and speculating on applicable rate, but need about a
$330,000 annual income to be in the discussion. Less for a new home using a 30 year amortization. Wow
The Maximum 30 year Amortization for First Time Buyers Changes
-FTHB’s can as of December 15, use a 30 year amortization on any purchase, new construction or existing property.
-A smaller payment and a bigger mortgage is the res ...