Here’s a link to some important news for those about to renew their mortgage. Thanks to Trish McKean PowerPoint Presentation (sagen.ca)
mortgage update
Interest rate drops!…again
Bank of Canada Announces Second Consecutive Policy Rate Cut The Bank of Canada reduced its target once again for the overnight lending rate from 4.75% to 4.5%. The move was widely expected by financial markets and marked the Bank’s second rate reduction since the onset of the pandemic four years ago, bringing rates down to… Continue reading Interest rate drops!…again
Market update August 2024
August 2024 Real Estate Market Report: Calgary and Surrounding Areas Market Overview: The Calgary real estate market in August 2024 reflects a mix of trends that are crucial for both buyers and sellers to understand. Despite a slight cooling off from the frenetic activity of the previous year, the market remains competitive, particularly in specific property… Continue reading Market update August 2024
What’s new for first time home buyers
Thanks to Trish McKean for the following news Effective August 1st, 2024, the Department of Finance will now allow homeowners purchasing a newly built property and who meet First Time Home Buyer (FTHB) criteria, the option of a 30 year amortization for insured mortgages. Following the direction of the insurers, lenders will consider the same… Continue reading What’s new for first time home buyers
housing update
dpking@cirrealty.ca Click on the above link for an update
Hello world!
Welcome to my new blog! I look forward to sharing new and exciting updates about the Real Estate Market and what is happening around town! Stay tuned for new posts coming soon!