Thinking About Co-signing a Loan?

May 25, 2010  
Filed under Housing Market

Are you considering co-signing a mortgage loan? There are many reasons to co-sign such as if the other party has insufficient credit, a lack of cash flow or if they already have too much debt. However, be aware of the risks. If the person you are co-signing for defaults on the loan, and the bank forecloses, you will be left responsible for the mortgage. Read more

CMHC Predicts Housing to Bounce Back in 2010

June 1, 2009  
Filed under Housing Market, Purchasing

In a recent article by the financial post, the Canada Mortgage and Housing Corporation (CMHC) said that the Canadian housing market is expected to rebound as of next year. Read more

First Time Buyer Tips

March 30, 2009  
Filed under Housing Market

If you’re looking at purchasing your first home in the near future, the task of getting a Calgary mortgage can be somewhat daunting. Here are some tips to make the process a little easier! Read more

Calgary Mortgage Humor

March 5, 2009  
Filed under Housing Market

Every once in a while there are chain emails floating around that are worth sharing with everyone. This particular one is an interesting and humorous commentary on the current housing market in Calgary and across most of Alberta. Read more

First Time Home Buyers Benefit from New Federal Budget

February 26, 2009  
Filed under Housing Market

First time Calgary home buyers were not forgotten in the Canadian Federal budget this year, and in fact are benefiting in more ways than one from the changes that were made. Read more

Beware of the Great 1-Year Mortgage Rates!

December 1, 2008  
Filed under Housing Market

Great one year fixed term mortgage rates are abundant in the Canadian mortgage market right now. At a time when most other mortgage rates are slowly rising, it’s a bit of an odd phenomena to see one year rates dropping lower and lower. It makes us question what the lenders’ motivations are behind having these rate specials. Read more

Calgary Housing Market – November 2008

November 27, 2008  
Filed under Housing Market

Today’s housing market in Calgary is not what it once was. If we go back in time, even just to the summer of 2007, the market was – for lack of a better word – insane. Thankfully, things seem to be settling down a bit, and homes seem to be becoming more affordable. Read more