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Category Archives: Buying Properties

The Home Foreclosure Process In Canada and How to Avoi...

What happens if a person is unable to make their mortgage payments? That they have breached their mortgage agreement and are now in default. In this circumstance, what will the lender do? Banks frequently initiate foreclosure proceedings. What Does Foreclosure Mean? Foreclosure is a legal procedure that must be followed. When a borrower defaults on payments, the lender sells or takes possession of the …

Cost Of Living in Calgary Vs Other Canadian Cities

What Is The Cost Of Living In Calgary Statistics Canada’s Consumer Price Index (CPI), or the inflation rate, which measures increases in consumer prices, determines the cost of living in Canada. It is one of the most relevant metrics since it is measured both monthly and annually and is used globally. Many different metrics are used to calculate the CPI, including food, transportation, and …

Mortgages Explained and Made Simple

Are you in the market for a new home and wanting to have mortgages explained a little clearer? Purchasing a house is a large investment. Homebuyers should be aware of the requirements for obtaining a loan. Different prices, amortization dates, and future fines, for example, must all be taken into account. A decent place to start is by talking to a mortgage broker or …

Bank of Canada and Canadian Real Estate Market Update ...

Bank of Canada continues to hold the prime rate The Bank of Canada held the prime rate once again. This was expected as our economy continues to struggle with the pandemic. The BOC is seeing gains in certain areas of our economy as businesses continue to try and get back to any sense of a normal operation. Manufacturers are beginning to ramp up their …

Vancouver Market Outlook February 2021

The Vancouver market outlook has changed considerably over the past year.  In February 2021, 1,000 sales were reported in Vancouver, which is 19 percent higher than the 10-year average (there were only two Februarys that had higher numbers in the last 15 years…2011 and 2016). This was also a 55 percent increase over the previous month and a 64 percent increase over a year …

Do I need A Realtor

Here are the top 10 reasons why you should use a Realtor: Many homes sellers and buyers ask themselves do I need a Realtor? Buying or selling a house is a major commitment, financially and emotionally. Although For Sale By Owner (FSBO) can seem cheaper, when you handle the sale on your own, there are many advantages to a realtor that you lose out …

5 Top Alternatives to Zillow and Trulia

Expand your search for a new home using these alternatives to Zillow and Trulia.   Zillow Group Inc as a company was founded in 2006 as a prominent online real estate portal. Zillow acts as a search engine for real estate that lists more than 110 million homes in the United States and Canada. Together with comparables and competing homes for each of the ...

New Canadian mortgage regulations and what that means ...

New Canadian mortgage regulations and what that means for home buyers? Canadian home buyers have faced many new rules in the last year. The Office of Superintendents of Financial Institutions has implemented more rules which take effect January 1st 2018. We won’t go into all the details here, but lets review the Cole’s Notes version. All conventional and insured mortgages must be qualified at …

Mortgage Insurance vs Life Insurance which one is for ...

Mortgage Insurance vs Life Insurance A personal approach to insuring your mortgage Mortgage financing is probably one of the largest financial commitments you will make in your life.  Today we will learn how to protect your investment and determine which is better Mortgage Insurance vs Life Insurance.  Safeguarding that commitment for loved ones in the case of a tragic event means having the right ...

What it’s like living in Calgary Alberta. Real e...

What it’s like living in Calgary Alberta, everything you will want to know from real estate prices, demographics, economy, schools culture and much more Living in Calgary Alberta is really great according to most people we interviewed.  Surrounded by the Bow River, Elbow River, The Rocky Mountains and prairie, Calgary is a picturesque Canadian city in the province of Alberta. While Calgary has lots …