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Category: Buying

What the Changes to the Mortgage Rules Mean for You

For some, owning a house is the number one indicator they are a successful adult. For others, owning a house is the last hurdle before having a family. However, the new changes to the mortgage rules could make buying a home more difficult than ever. RISING DEBT MEANS TIGHTER MORTGAGE RULES Policymakers have created these […]

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Detached versus higher-density segments: two very different stories in August

Overall sales activity was down again in August, totalling 1,567. However, this figure does not reflect the big differences in activity between the detached sector, versus the high density apartment and attached segments of the market. “While overall sales have eased for detached homes, so too has the amount of new listings on the market […]

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4 Things First-Time Homebuyers Need to Remember

Buying a home is one of the largest and most time-consuming investments you’ll make in your life, which is why it’s in your best interest to educate yourself on the process as much as possible. Mountain Park is here to not only help you become a successful first-time Calgary homeowner, but a well-informed one as well […]

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How to Navigate a Difficult Real Estate Climate

Real estate has its ups and downs, and it varies from year to year and city to city. One city may be a seller’s market in which multiple buyers are bidding against each other and often paying more than the asking price. Another city may have a lot of inventory and be a buyer’s market […]

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Bank of Canada – Rate Watch

Last Wednesday, the Bank of Canada announced that they would not be adjusting their prime lending rate and that the prime lending rate would remain at 3%. This will have a direct impact on any variable rate mortgage(s), secured line(s) of credit, or personal line(s) of credit that you may have. CPI (Consumer Price Index) inflation […]

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Calgary’s Housing Market Continues To Climb

Calgary’s real estate market is currently in a positive trend regarding overall property purchase numbers, with record setting sales amounts and prices filling a strong first quarter of 2014. Multiple factors can be attributed to the high demand, low supply market, although the key three factors driving the trend are economic stability, high migration rates […]

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Calgary is the Perfect Place to Develop and Invest in Real Estate

Supply vs Demand One issue facing Calgary’s housing and rental market is the fact that in the current environment, demand far outstrips supply. It is not unusual for a single property, even in an “undesirable” location, to attract multiple bids at, or even sometimes above, listing price. This can be attributed to the high median […]

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High Demand Dictates Increased Calgary Housing Market

Current Situation Low availability of housing in Calgary, paired with high demand for ownership, continue to push new and previously owned housing prices upwards, and create a high pressure market. While there is a solid trend towards small property ownership, with nearly 20% of current 2014 purchased being condominiums or townhouses, the housing market demand […]

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Investing in Calgary Property

Calgary is a diverse and vibrant city, with a wide array of possibilities for the individual or group looking to start property investment. There are three important questions, however, that the prospective investor should ask before looking into Calgary investment properties. Choosing Your Investment Property’s Location The largest part of any investment is attracting the […]

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