What can You Afford in Calgary

What-Can-You-Afford-in-CalgaryAs a team of trusted realtors, we always receive emails from families wanting to make a move within or to Calgary from other cities.

Clients usually give us information about their current seasons in life and what they look forward to having in their next home.

Helping a Family Find a Home in Calgary

In this blog, we want to show you an example of how we help and walk our clients through finding the next best house for them.

For this example, we will use an email we received from a family living out of town and wanting to move to Calgary in the next coming months. They have an annual household income of $160,000 to $175,000. They can afford up to a $65,000 down payment and have no outstanding debt.

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June 2022 Market Update

June_2022_Market_UpdateAs we enter into the summer months, the market in Calgary is seeing a slight slow down and rest, which we expected. With the sheer price increase since the start of 2022, the market needed to pause, or we would be in real trouble.



When you look at the stats for this month, they are all over the map. Big price increases compared to last year together with some drops in the number of sales. You have to remember that this time last year, we were seeing a hot market, and in 2022, we saw that hot market earlier this year. So comparing year over year isn't always the best way to see what's actually happening.

BUYERS


If you are planning on buying it is more important now than ever to have a pre-approval and rate hold as the…

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Are Rising Interest Rates Causing Anxiety 

Rising_Interest_Rates_Causing_you_AnxietyOver the last couple of years, many buyers have been raving about the low interest rates. If you keep up with the latest news, you might not be happy seeing that interest rates are returning to how they used to be and even more.

When it comes to renewing your mortgage in the next three to five years, you might be stressed by how different rates can be. Do not drown in anxiety thinking about what could happen. Instead, read the seven methods below that you can do to manage your mortgage adjustments better.

Increasing Interest Rates

But first, let's look at the problem. Here is an example mortgage computation for a purchase price of $600,000. Let’s say you put a 20% down payment of $120,000. Your…

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