Terri Stephens | 403-827-4663

 

180 Fairways Drive today Saturday June 23rd - 1pm to 3pm - stop by say hi

MLS C3526868

 

 

29 Coopers Close SUNDAY June 24th - 1pm to 3pm - stop by say hi

MLS C3523165

 

HOSTED by CIR REALTY 

 

MAKE IT AIRDRIE   

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Make sure you check out the link below, new mortgage ruleson the way.

 

Ottawa’s new mortgage rules save us from ourselves.

The federal government is keenly interested, and for good reason.Although today’s buyers are meeting banks’ borrowing standards,many are taking on excessive debt.

Both Finance Minister Jim Flaherty and Bank of Canada governor MarkCarney have talked a lot about the risk that rising interest rates will makecurrent debt loads unmanageable for some. They should be so lucky as to haveinterest rates rise. That would require a turnaround in the global economy, andright now, the big worry is a new recession.

Rising rates are a longer-term worry, then. In the near term,there’s the problem of people taking on mortgages that demand too much oftheir financial resources. Sure, they can cover off their regular mortgagepayments. But what about saving for retirement or their kids’ universityor college education? And what about their ability to withstand a financialshock like a job loss?

The government has decided to thin the herd of buyers by loweringthe maximum amortization period to 25 years from 30 for people who requiremortgage insurance because of a small down payment. This means higher monthlyor biweekly mortgage payments, which will keep marginal buyers on the sidelinesuntil they either save more or make more. Most first-time buyers go with anamortization of 30 years today. Moving to 25 years isn’t draconian– that was the unquestioned standard for the decades that preceded theincreased amortization periods introduced several years ago.

The government is also curbing use of home-equity lines of creditby capping borrowing at 80 per cent of a property’s value, down from 85per cent. The government could have been tougher here. Enthusiastic use ofthese credit lines has been a big contributor to high levels of indebtedness.

Don’t be angry with Ottawafor making it tougher to get into the housing market. You’ll get yourmortgage paid off sooner with a 25-year amortization and, if you can no longerafford to buy, you’ve been saved from borrowing trouble

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Selling a house with un-permitted renovations or developments?

We have the solution.

By pulling a Concealed wiring permit we can permit electrical work previously completed as long as we get it up to the current codes.

Equinox Electric Ltd has been offering Concealed wiring permits for 2 years with 100% of those jobs passing inspection and getting the Stamp of approval from the city.

This solves a problem many homes have, people often develop basements, renovate bathrooms and kitchens without pulling Electrical permits. It also clears up all of the issues people have with insurance claims on un-permitted work

So how does it work?

Ø First we inspect the previous work

Ø Then we will inform the client of the electrical code issues

Ø Then we explain how we intend to fix any issues and discuss a price

Ø We then come in at a convenient time and do the work discussed

Ø Last step, a city inspector comes in and checks that it meets the code requirements and signs off on the job

 

This Service is Fast, proven and affordable, minimum cost is $400 (permits included) and average cost for a basement in $900. We are in and out in most cases in a day and can schedule the work in within a week of the initial meeting.

This Service provides not only an easier sell for an agent but peace of mind for buyer and seller.


Calgary Company offers this Service


Would like More Information - please let me know.



Terri 

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Once in a while I look for homes that just draw my eye for location, and opulence.  I found a home in Eagle Ridge - backing onto park and near Hertiage Park the the Glenmore Reservoir. 


$2,475,000.00  


5485 square feet 


Gorgeous property 


For the discerning buyer - Luxury Real Estate 




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“While there have been some conflicting opinions on the national housing market, particularly with price expectations, the Calgary housing market does not appear to reflect either a boom or a bust scenario, and is simply returning to activity levels consistent with a normal market,” says Lurie. “The current low supply in the single-family market has pushed up pricing slightly higher than anticipated.  However, sufficient supply in the remaining housing industry combined with economic uncertainty will likely prevent a repeat of the price jumps recorded in the not-so-distant past.” 


sometimes the "media" isn't right...but thats just an opinion

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