A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.


It truly takes a team effort to help home buyers:

As we approach the end of the hectic spring real estate market in Calgary, many potential buyers of houses, townhouses and condominium apartments are going to their banks to get pre-approved to buy a home. While pre-approval is an extremely important step in the home buying process, I personally do not believe this should be a potential buyer's FIRST STEP.


By the time a buyer takes possession of their new home, there are a number of professionals that have been involved. Since a professional real estate broker has repeated contact with all of these professionals, my suggestion is that a home buyer should START their search by selecting their real estate broker. An experienced real estate broker will have learned which business professionals can provide the best service for their clients (and many more which they will recommend not using).

The Real Estate Broker (or REALTOR® - a real estate professional that specializes in residential...

Read full post

On Thursday, April 24, CMHC announced that they were taking steps that could dramatically affect the ability of Canadians to purchase a new home in Canada. They did this by announcing that they are discontinuing the CMHC second home mortgage program effective May 30, 2014.

The fine print of this change is that CMHC is not just removing the second home mortgage program, they are only allowing Canadians to have one CMHC insured mortgage at any given time. This change affects all Canadians in several areas:


  • If you want to rent your current home and buy another property for yourself:
    • Let’s say you purchased your first home a few years ago and are looking to rent it out and then buy another home for yourself. By renting the home this property can become a long term investment where the current mortgage is being repaid by the tenant and if the market increases then they gain appreciation as well. By CMHC making their change, if you require a new CMHC insured mortgage, then you are...
Read full post
Posts By Date
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.