Calgary to receive $31 million federal cash for affordable homes

General Rachel Martin 23 Nov

The federal government is to invest $31 million to build state-of-the-art, affordable, and accessible rental apartments for middle class families in Calgary’s city centre. The Kanas Corporation will build a new high-rise building with 121 units, most of them meeting the City of Calgary’s affordability guidelines with rental rates that will remain affordable for at […]

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Real Estate Confusion

General Rachel Martin 15 Nov

Real Estate Confusion The housing market is up and down and getting more complex than ever. What’s a buyer or seller to do? After losing out on a house in a bidding war in 2016, Sandi Hamilton and her husband watched housing prices in the Toronto neighbourhood where they were renting soar higher and higher. […]

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New Rule Targets HELOC Holders Seeking a Second Mortgage

General Rachel Martin 15 Nov

The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing. Several of the Big Six banks have already adopted the policy, which requires applicants to prove they can afford the theoretical monthly HELOC payment based on the limit of that HELOC, rather than the […]

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