Real Estate Blog / Data - Blog Archive: March, 2020

March 2020

Found 11 blog entries for March 2020.

This post is time sensitive, with implications for your mortgage, cashflow, and credit for April - Sept 2020, all due to Covid-19.

 I am not a medical professional.  I know NOTHING about health.  There are hundreds of news stories out there about Covid-19.  Many more about government actions.  About social distancing.  This is NOT one of those posts.  It should also be noted, that as with everything Covid, the situation is fluid and changing.

 The federal government announced the Covid-19 Mortgage Payment Deferral Program.  Essentially freeing up extra cash flow for mortgage holders NOW, in the middle of the outbreak.  The best page directly from the government describing the program

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Since the WHO declared COVID-19 as a pandemic 20 days ago, there were
- 1,158 new listings
- 722 sold listings
- 79 pending/conditional sale! (Plus, undisclosed conditional sold listings.)

The market is still moving!
Call Bob at 403-700-3232 now to discuss what you should be doing now!

 

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Ron Berlando - MaxWell Challenge Realty

Jennifer Wuzinski - MaxWell Excel Realty

Esther Quadri - MaxWell Elite Realty

Jen Hawkins – MaxWell Canyon Creek

Christian Hawkins - MaxWell Canyon Creek

 

 

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안녕하세요,

요즘 모두들 코로나바이러스로 힘드시죠?

활동 제한으로 직장과 사업체 그리고 아이들 학교까지 모든게 마비되고 있습니다.

최근 부동산 협회에서는 저희 리얼터들과 고객 사이에 각별히 주의 하라고 지시 했습니다.

사무실 방문 제한, 외부에서 미팅 제한, 이동시 각자의 차량 이용, 매물 방문 제한, 오픈하우스 제한등...

여러모로 불편하시겠지만 협조 부탁 드립니다.

하루빨리 이 사태가 수습이 되기를 바래 봅니다.

고객님들 모두 건강하시고 잘지내세요!

아래 링크는 저희 협회사 마련한 체크리스트 입니다. 각자 숙지해주시기를 부탁 드립니다.

바이어용

쎌러용

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Industry know-how

To be honest, you won't see as many transactions as a REALTOR® does. An average family buys/sells Real Estate every 5 to 10 years. This is because when you buy a house, you're looking to create a home. You want your family to grow in it and you're only going to look to move from it if your family has outgrown it due to a baby on the way or kids growing up (upsizing) or the house has become too big due to the kids leaving for university or buying their own property (downsizing). This means that you probably don’t have a lot of experience with the ins and outs of real estate.  On the flip side of things, REALTORS® have the experience and education to get things done within the industry. They handle contracts and the real estate process

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The Government Has Made Changes

In the government's never ending attempt to influence the market, control risks to the larger economy (bubbles in Vancouver / Toronto), spur / restrict the economy, encourage home ownership, fund budgets (BC speculator tax), and otherwise create headaches for people wanting to buy, this is a list of the changes wrought to the mortgage industry in the last decade:

Confusing? This is why I stress the importance of using an experienced mortgage broker.  Someone who tracks these changes.  So you don't have to.

 

 

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CREB has recently released an informational article on the beautiful Mount Pleasant community, in Calgary. Let's take a look together, and see what it has in store for us!

 

About Mount Pleasant:

The lands that became northwest Calgary’s Mount Pleasant community were annexed by the City in 1910, making it one of Calgary’s older neighbourhoods. When development began in the area in 1912, Calgary’s population numbered fewer than 50,000 people.

As the city grew to 100,000 people by 1947 and 200,000 by 1955, then-suburban Mount Pleasant experienced an influx of new amenities into the area when North Hill Centre opened its doors in 1958. The opening of the Tran-Canada Highway came four years later, establishing the new thoroughfare as the

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Calgary Communities

CREB Now: Mount Pleasant

CREB has recently released an informational article on the beautiful Mount Pleasant community, in Calgary. Let's take a look together, and see what it has in store for us!

About Mount Pleasant:

 

The lands that became northwest Calgary’s Mount Pleasant community were annexed by the City in 1910, making it one of Calgary’s older neighbourhoods. When development began in the area in 1912, Calgary’s population numbered fewer than 50,000 people.

As the city grew to 100,000 people by 1947 and 200,000 by 1955, then-suburban Mount Pleasant experienced an influx of new amenities into the area when North Hill Centre opened its doors in 1958. The opening of the Tran-Canada Highway came four years later,

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Dealing with Stress when Selling Your Home 

Let's face it. Planning events, even exciting ones like an overseas vacation, can be stressful. So, it's not surprising that some homeowners — even those thrilled about moving — can slip into "worry mode" when putting their property up for sale. 

Unfortunately, this anxiety can make the process of selling an unpleasant experience. Who wants that? So here are some things you can do to reduce selling stress and enjoy the adventure. 

  • Understand the selling process. The more you know about the steps involved in selling your home, the less mysterious — and, therefore, less stressful — it will be.
  • Give yourself the time you need. Feeling rushed and stressed comes from trying to do too much in too little
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Ottawa, ON, February 18, 2020 – Earlier today, Minister of Finance Bill Morneau announced changes to the mortgage stress test.

The new benchmark rate used to determine the minimum qualifying rate for insured mortgages, coming into effect on April 6, 2020, will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2 per cent.

Recently, the gap between the Bank of Canada’s five-year benchmark rate and borrowers’ actual contract rates has been widening, suggesting the benchmark rate has become less responsive to changes in the market.

In October 2016, Finance Canada introduced a stress test for insured mortgages. In 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued

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