If you are interested in purchasing a home in Calgary, ( search Calgary MLS Homes for sale) you might want to take advantage of the Home Buyer’s Plan option that has been made available by the federal government. With this plan, you can use up to $25,000 of your RRSP savings to help finance the down payment on your home. Or, if you are a couple that is looking to buy a home in Calgary, you can use your RRSP savings for up to $50,000 toward a down payment. Before you take advantage of this option, however, it is important to understand how to qualify as well as the pros and cons of utilizing your RRSP savings as a down payment on a home.
How to Qualify to Use RRSP Funds for a Down Payment on a Home
In order to use your RRSP funds toward a down...
Another round of mortgage tightening is coming, meaning, more people looking for Calgary homes for sale will be forced to by less house.
It was just announced that the Office of the Superintendent of Financial Institutions (OSFI) will be implementing more stringent guidelines and implementing yet another stress test to make sure new home buyers have enough capacity to replay their mortgages.
This follows on the heels of last year’s new mortgage rules which were also implemented to make sure new home buyers can deal with possible increases in interest rates when renewal time comes. It reduced the purchasing power of many people in Calgary looking for their first home.
When they come into...
For many celebrities, the road to stardom was paved with many bumps as they truly experienced the “rags to riches” fairytale. In other cases, some celebrities appeared to already be enjoying a fairly lavish lifestyle before their rise to celebrity. To that end, here’s a look at a few celebrities and the homes where they grew up versus where they are today.
Hayden Panettiiere grew up in this modest home in Palisades, New York in a location that was just 10 minutes from the Hudson River.
Today, the actress, model and singer calls Nashville her home. The re-imagined 5,000-square-foot home was decorated...
Best Calgary Neighbourhoods for Hallowe'en Action
Where are the best Calgary neighbourhoods for Hallowe’en celebrations this year? Where the best candy is dispensed at the door – where ghosts and goblins roam in the greatest numbers and spooky decorations are sure to delight trick or treaters of all ages?
Through the magic of social media and software developers who analyze data from the census bureau, it’s fairly easy to see which Calgary neighbourhoods boast large numbers of kids with a large percentage of dwellings.
Some of Calgary’s more dense neighbourhoods where families are purchasing homes may see heavier traffic. Inner-city areas such as West Hillhurst, Sunalta, Bankview and Altadore are two such areas. As more families move...
We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month. The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016. It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!
There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever. That means, from...