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.

 

We have listed a new property at 602 408 31 AVENUE NW in Calgary.
The owner said SELL – After 24 years, the time has come to sell this lovingly, well cared for townhouse condominium and move into something a little smaller. Soaring 14-foot cathedral ceilings, in-floor heating, spacious rooms, 2-bedrooms, 2 full bathrooms, spacious and private balcony, a centrally located gas fireplace, and an ATTACHED, single-car garage (with in-floor heating) are the notable features of this 1,160 square foot townhome (builder size 1,451 sq. ft.). Located on the quiet side of the "Summerfields" townhouse complex along 2nd Street, this unit has a fantastic open layout, and the above grade living space must be one of the largest available in this 51-unit complex. A maintenance-free lifestyle with HEAT, WATER, and GAS included in the reasonable condo fees. Pets are allowed with board approval. Summerfields is one of the most beautifully maintained complexes in the desirable community of Mount...
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On June 1st, The Bank of Canada will be changing the rules on the mortgage stress test for homebuyers. 

What does this mean for you?

It may change how much you can afford when buying a home. The mortgage stress test is what the Bank of Canada looks at to determine if homebuyers will be able to continue making their mortgage payments, should the rates go up. Although you will receive a lower rate from your lender, the Bank of Canada will ensure that you qualify at their higher posted rate. 

Upcoming changes to stress test qualifications will effect both insured (less than 20% down payment) and uninsured (more than 20% down payment) mortgages.

For Insured Mortgages (less than 20% down payment):

  • Must qualify using either the Bank of Canada five-year benchmark rate, or the rate offered by your lender (without adding the extra 2%) – whichever is higher
  • Minimum qualifying rate will be the greater of the contracted rate plus 2% or 5.25%

For Uninsured Mortgages (down payment of 20%...

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We have listed a new property at 107 3101 34 AVENUE NW in Calgary.
Rare opportunity to own across from University of Calgary. Gorgeous, spacious, 1-bedroom, 1-bath, UPGRADED condo in the highly sought-after, NEWEST BUILDING in this well-established area is ideal for university students, couple, working professional or retiree with close access to the University of Calgary & Research Park, Foothills & Alberta Children’s Hospitals, Brentwood & Market Malls and downtown through either University or Brentwood LRT Stations. This condo has it all! "Little Varsity" is a superbly run building with STABLE CONDO FEES: Well-maintained and quality finishes. With the towering 10½-foot ceilings you won't believe the size of this open-layout unit! UPGRADED throughout with beautiful, granite countertops, luxury vinyl plank and ceramic tile flooring! The kitchen has stunning features: gorgeous maple cabinetry, a sleek, black kitchen appliance package including BOSCH dishwasher, built-in...
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Already LEASED – Too Late! 1-bedroom, 1-bathroom, + den condo is now subject to a long-term lease at 3111 34 AVENUE NW in Calgary.
An amazing opportunity awaits you in the most sought-after condo building near the University of Calgary. This condo has it all! FRESHLY PAINTED + MOVE-IN READY. 3rd-floor, spacious (over 760 sq. ft.), south-facing, 1-bedroom, 1 ensuite bath with cheater door, + large DEN (with door). Close access to the University of Calgary & Research Park, Foothills & Alberta Children's Hospitals, Brentwood & Market Malls and only minutes to SAIT or downtown via either University or Brentwood LRT stations. This condo is only a 7-minute walk to the University of Calgary – it's right across the road. Open plan kitchen with stunning features: gorgeous maple cabinetry, sleek black kitchen appliance package including dishwasher, BOSCH built-in oven + cooktop, Whirlpool fridge + built-in microwave with hood fan, a raised eating bar with pendant...
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