People use the equity in their homes for many different reasons. Home equity is often used to pay off other debt, fund home renovations and upgrade projects as well as help purchase other necessities. It’s important to know these few facts when obtaining a Home Equity Line of Credit or HELOC to ensure that this is something you can manage.

1.        HELOCs do not have fixed rates. This means your monthly payments can fluctuate. The interest rate is determined by the prime rate plus the percentage rate that the bank has set.  Let’s say the interest rate at the bank is prime + 1.5%. If the prime rate is 2%, then take 2% and add 1.5%. This gives you a total interest rate of 3.5%.
2.        You might be paying way more than expected if the interest

April 4th, 2020

-Rachel Fung

As a Realtor®, mother, wife and daughter, I take your family's safety very seriously.  Out of an abundance of caution my brokerage, MaxWell Polaris, has prepared the following list of suggestions and precautions that we/you can take while we shop for your new home given the evolving situation with COVID-19. 

When selecting homes to view in-person, I qualify the homes by:

• Thoroughly touring the home online including all photos, videos, virtual tours, and floor plans 
• Mapping the exact location of the home or even conducting a drive-by 
• Only selecting homes you are truly considering purchasing 

I will also provide you with your own tour sheets so that you do not need to take any from the

I take you and your family's safety very seriously. Out of an abundance of caution my office, MaxWell Polaris, has prepared the following list of suggestions and precautions that we can take while we market your home for sale given the evolving situation with COVID-19. 

1. When preparing for showings, open all doors within the home and leave lights on.

2. Consider providing hand sanitizer at the entrance of your home. 

3. We encourage you to not be home, this helps buyers feel more comfortable. 

4. Come in and look around but kindly refrain from using bathrooms 

5. Leave the lights on. Remember that I can take great photos and virtual tours are a fantastic way for a Buyer to tour your home from the comfort of theirs.

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

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!

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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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.

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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

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.

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