As of February 14, 2016, new federal rules require larger down payments on some home purchases. If you’re a first-time buyer buying property less than $500,000, nothing changes. Over $500,000 however, there are changes that will definitely affect down payments.
If you’re uncertain about what the changes will mean for you and your family, have a look at this Royal Bank infographic to discover more:
https://discover.rbcroyalbank.com/calculate-your-required-down-payment-under-the-new-canadian-rules/
For more information about the current market or for details about the new mortgage rules, get in touch with Bill Brandsma at 403-932-4433.
Bill Brandsma Real Estate – specializing in Calgary and the surrounding area.
The federal government is instituting significant changes to Canada’s mortgage rules aimed at ensuring homeowners will survive an increase in interest rates. (File/THE CANADIAN PRESS)
To keep your furnace working at its optimal performance you need to either change or clean your furnace filter on a regular basis. Furnace filters that become clogged with dirt and dust particles don’t clean air efficiently and force your furnace to work harder. Not to mention that dirty filters can increase operating costs and affect the life and efficiency of heating and air conditioning equipment.
During this program residents can recycle their bagged leaves and pumpkins by taking them to a leaf and pumpkin composting drop-off location. Composting leaves and pumpkins is an easy way to keep material out of the landfills and is one of the many ways people can reduce waste, reuse and recycle.
Excellent location in the Priddis area this home is 15 minutes to Calgary and the new South Health Campus.
Don’t miss out! The show offers visitors access to top home improvement and design ideas galore. More than 350 exhibitors, informative presentations, insight and innovative inspiration from the experts for every style & taste. It is your most trusted resource with thousands of solutions for every home enhancement project, inside & out.
This spacious family home is a fully developed 2-storey walkout. It features a large front entry, main floor den and family room with cozy fireplace, a large sunny bright kitchen with an island and large eating area with access to private rear deck with mountain views, formal living room/dining room, hardwood, carpet and slate throughout, 5 bedrooms and 3.5 bathrooms.
If you like to stay up to date on what’s going on in the Calgary real estate market so that you can make informed decisions, click the link below for an excellent overview of CREB’s summary of Calgary’s residential monthly statistics:
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