Microwave – discovered by accident when a scientist noticed his chocolate bar melted when walked past a radar tube.
Me – well, who knows? I’m wonderful and perhaps an accident – Don’t tell my mom I said that.
Most importantly – My Bread. I bake my own bread and yesterday I forgot to set a timer. After it was in the oven close to...
Proposal of Secondary Suites in Calgary has drawn up a heated debate in our city hall, but has it in the public?
Relaxing the rules on secondary suites was being discussed by our Mayor Nenshi and Aldermen once again this past Monday. Nothing has come of the discussions aside from a couple Aldermen making statements like “unconstitutional” to allow suites everywhere by Ald. Richard Pootmans....
Here is an interesting bit of information for the home buyer and seller.
I was informed yesterday of the National Bank recently refusing to fund a mortgage for a buyer who they had approved for a purchase based on the purchase contract stating it included a “Big Screen TV”.
Their reasoning is there is no ‘value’ attached to this TV and would not mortgage it. Understandably...
Much like my blog post - I have been procrastinating the launch of my new website.
For those of you who have been here before in the past few months, the basic look is still the same as I rolled out the new format but had not updated the content.
For the others who have not been on my website for the past 8+ months - you will see a major shift.
FindNewDigs.com is now clean,...
The city of Calgary voted on February 23rd, 2009 to introduce a Land Transfer Tax that would force potential home buyers to pay 1% of the purchase price of the property being sold. This would cost the average home buyer over $4000.
Thankfully, this was voted down - but only 8 to 7.
What the public need to realize, is this kind of tax could and will prevent some home buyers from having...
***article updated February 9, 2009***
Renovation Allowances - this is an great tool for the home buyer who does not have the extra cash to fix up their new home!!!
Here is how it works - depending on the lender, you can get up to $25,000 allowance for home improvements (not including appliances and furniture!) - this money is then forms part of your entire mortgage and must be completed...
For condos and townhomes, 59% of the market share when under $300,000.
Here is the October Market snap shot:
|Single Family Home (Calgary Metro)
|Month End Inventory
|New Listings Added
|Average Days on Market (sold)
|Average Days on Market (active)
|Average Selling Price (Median)
|List to Sell Ratio
|List $ to Sell $ Ratio
Zero down mortgages and 40 year amortizations
will be a thing of the past in October 2008.
For the home buyer who was planning on using the zero down option, the government will allow the 5% to come as a loan by line of credit, it just will not be insured. Some lenders do offer options for these buyers, I recommend contacting our mortgage specialist to ask questions about what lenders offer what....
What to expect as a consumer!
On June 23rd, 2008 FINTRAC
(Financial Transactions and Reports Analysis Centre of Canada) will require your Realtor to record your government issued identification when purchasing a home - please be prepared for this.
As a Realtor, I will also be required to record the identification of the person who is providing a gifted down payment - so, for example your parents...
Earlier this week the federal government announced the reduction of the GST to 5%.
What does this mean to the home buyer and seller?
Specifically for New Home Buyers, their savings are quite significant. A full percentage point means home buyers will save upwards to $3,000 on a $400,000 home. There are times just a couple thousand dollars can make or break a deal - this kind of savings will definitely...
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
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.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.