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October 2016

Found 4 blog entries for October 2016.

Tuscany Calgary Homes The Tuscany neighbourhood has established itself as one of the more desirable places to call home in North West Calgary, and if you’re looking to make a move to the area, our newest listing is certainly worth a closer look. 

Priced to sell quickly, 30 Tuscany Valley Rise NW is a fabulous three-bedroom, three-bathroom single-family home that offers over 1,300 square feet of living space, fully updated interiors, and the kind of curb appeal nearly any turn-key home buyer can appreciate. In addition, the open concept floor plan is perfect for today’s modern home owner, and the spacious front porch enhances the home’s charm and character even before you step foot inside. 

Specific features include an oversized master suite, stainless steel appliances,

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Calgary Home Sales IncreaseAlthough Canada’s new mortgage standards could present some hurdles down the road, there’s still some good news to report on the local housing front. According to a monthly report released by CREB, the number of homes sold in Calgary was actually on the rise in September—a trend that we haven’t seen happen here in almost two full years. 

In all, 1,488 properties were sold in Calgary last month, which is just over a 2% increase compared to September 2015. As noted in numerous reports, the increase snaps a 21-month streak of year-over-year declines in home sales, which can largely be attributed to a 4.3% spike in single-family sales. But along with 945 detached homes being sold in September, duplex sales were also up substantially, tallying 338 sales,

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Mortgage RulesYesterday, news broke about how new mortgage lending rules will sweep across Canada later this month, and if you’re a home buyer in Calgary who might still be unclear about how this can affect you personally, we thought providing some real life examples might help  shed some light on how the higher qualification standards can impact you personally. 

As noted yesterday, Canada’s new mortgage rules won’t actually take effect until October 17th, so the good news for buyers currently in the market for a new home or condo is that there’s still time left to qualify for a mortgage at the lower benchmark rate. However, waiting to buy after October 17th will likely affect how much how much you’ll be qualified for during the approval process, which of course can

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Canada's new mortgage insurance rules will dramatically affect how much you'll be approved for, so if you're currently in the market for a new home in Calgary, you must act before October 18th to still qualify for a lower benchmark rate. 

In case you haven't heard, there’s been some significant changes to mortgage lending in Canada, which could drastically affect home buyers moving forward. So if you’re currently looking to buy a home in Calgary, here’s a quick look at what you need to know: 

Starting on October 18th, all insured mortgage applications must qualify at a benchmark rate of 4.64% in order to be approved. Prior to the change, only short term loans that have a life of less than 5 years had to meet the 4.64% standard, however, all insured

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