Mortgages
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June 2023 Stats
Sellers Market remains strong in Calgary. Buyers are bidding prices higher as they fight for a home in Calgary’s low inventory housing market. Mortgage fine print concerning mortgage portability and payout penalties could help with the low inventory situation. Lots of would-be sellers are anchored to the mortgage, not the house. They would…
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Mortgage Renewal Tip
Mortgage Renewal Tip to Lower Monthly Payments The Bank of Canada has raised interest rates a few times this year. The knee-jerk reaction of the major mortgage lenders has been to raise mortgage rates. As mortgage rates go up, money that was increasing your home equity every month is now redirected to the…
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Home Buyers Regret
Home Buyers Regret For many Canadian first-time home buyers in 2022, some will be suffering from home buyers’ regret. Watching prices fall on a home you just bought makes people question their luck and intelligence, amongst other things. The media stokes the gaslighting with clickbait headlines on stories that are just plain nonsense.…