Calgary Blog

How to Structure Your Mortgage for a Vacation HomeThe mortgages for secondary homes in Canada are different than those of primary homes for a number of reasons. Lenders and the government alike view secondary homes as a luxury good and may not offer the same attractive terms that a primary loan would. There are also different types of secondary homes that will determine the specific terms of the loan. It can help Airdrie homeowners to be armed with information before filling out their first application.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

There Are Two Types of Secondary Homes

Second homes are broken into two major categories: Type A and Type B. Both require the borrower to live in the

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Something about their home made goodness brings Calgarians the nostalgia and comfort of their very own childhood. Village Ice Cream opened its first location in 2012 with a darling atmosphere focused around the simplicity of hand crafted ice cream tied together in a modern woodland setting.

You are welcomed and enticed by the soft and warm smell of their waffle cones made fresh in-house at all three locations. Each location bringing it's own charm and character that connects the community with their diverse and fresh flavours. Included in their daily selection is a coconut milk option that caters to vegan or non-dairy friends and a lighter, cooler choice of sorbet. What we adore most, the 'date night' vibe no matter the company you're

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Lender's Mortgage Insurance: What It Means for Home BuyersBuying a home with a down payment of less than 20 percent often requires mortgage insurance. Understanding how lender's mortgage insurance works, and what they may be expected to pay for it, is an important step for people interested in purchasing a home.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is Lender's Mortgage Insurance?

People keep home insurance so that if something happens to their homes, they do not have to pay a lot of money out of pocket to fix it. Similarly, lenders keep mortgage insurance to protect themselves in the event that a borrower fails to pay back the loan. Lender's mortgage insurance (LMI), also called “mortgage

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How can Canadian home sellers successfully navigate a buyer's market? Learn about motivating buyers and handling the home selling process in a buyer's market.

What Canadians Can Expect When Selling a Home in a Buyer's MarketBuyers may be at an advantage with more available properties in the market. This may force concessions from sellers in a buyer's market. However, sellers can still successfully sell a home in a buyer's market. Understanding how to navigate a buyer's market and what potential buyers may want will help sellers market and sell their home.

Understanding a Buyer's Market

There is often a surplus of housing in a buyer's market, a benefit to buyers as they have more properties from which to compare and choose from but potentially making it more difficult for seller's to sell quickly or attract

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Vacation Homes: Tax Considerations and General AdviceTaxes when selling a home can feel like a bit of minefield during a regular home sale to say nothing of selling a second/vacation home. The government isn't exactly looking to cut homeowners a break if they have enough money to buy more than one property. But thankfully, homeowners do have some options when it comes to navigating their vacation home taxes. See how it all works, and what strategies can be used to mitigate the financial repercussions.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Facts on Capital Gains

A capital gain is the difference between what an asset was purchased for and what it was sold for, and vacation homes do not get a break on

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Everything You Need to Know About Home Buying ContingenciesOnce a buyer's has been accepted, the offer can only be rescinded under certain conditions and in certain circumstances. These conditions are known as contingencies. The contingencies are put in place to protect the home buyer. Every home buying contract includes information about contingencies, usually at the beginning of the contract.

Some home buyers choose to waive the contingencies to make an offer more attractive to the seller. Others leave the contingencies in place in order to reap the full benefits of the contingencies. Home buyers should be familiar with the contingencies to ensure that the home buying process goes well.

Financing Contingency

The financing contingency is important for anyone who will be getting a mortgage to pay

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What You Need to Know About Selling PapersThe selling paperwork for a home will look different depending on the province of the property's location. However, there are certain principles that sellers should understand before they sit down to organize it all no matter where they're selling. These documents can be both complex and time-consuming but the more prep work a seller does, the quicker their escrow will be. The extra effort may even make it easier for a seller to get the price they want.

Think Like a Buyer

Buyers are often so overwhelmed when they visit homes that they forget about properties immediately after seeing them. Too much information, and they'll tune it out. Too little information, and they may think the seller has something to hide. So it helps for sellers to boil

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What Do Homeowners Need To Know When SellingThose considering selling a home in Canada should prepare themselves for myriad possibilities during the process. Because of the complexity of the procedures involves such as legalities, paperwork, negotiations and costs to consider, first time home sellers may find the experience daunting. However, here are some points to ponder preparing the household for the process of selling a home in Canada.

Understand the Cost of Selling a Home in Canada

While the process may slightly differ, selling a home in Canada still involves various cost and fees that are standard industry-wide. Here are some of the costs that sellers should be prepared to handle.

Legal Fees and Disbursements: First time home sellers should give serious consideration to

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Three Innovative Home Flooring Ideas for Trendy Living SpacesFlooring is vital aspect of every home that is often forgotten about because it sits idly underfoot while supporting our every step. However, when it comes to investing in functional yet trendy floors taking the time to seriously consider the many home flooring options is a brilliant way to get optimal results. Homeowners looking for a few decorative flooring ideas to take traditional styles to a modern, contemporary level—read on.

Creative Concrete Flooring

Concrete floors gradually moved their way from being only visible within garages and sheds to becoming an increasingly trendy home flooring option. Though sometimes perceived as bland and unsightly,, concrete design has actually evolved concerning aesthetic possibilities. Today, concrete

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Basic Steps of the Home Buying ProcessDipping a toe into the real estate market could be exciting and terrifying for a new buyer. Each step may be more detailed than the last, Using this guide will help buyers understand the basics of buying a home, from choosing a neighbourhood to getting a mortgage.

Figure Out Costs and Set a Budget

One of the first things home buyers need to settle is the money they need to buy a home. The price of a home can vary significantly from location to location, with big, expensive cities like Vancouver and Toronto skewing the national average. Home buyers may not need to have a 20 percent down payment to get a mortgage. There are mortgage options for people who can put as little as 5 percent down, depending on the size of the loan and other factors.

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