What can I (really) afford?

A Calgary home purchase income guide

Many would-be homebuyers find the home of their dreams, only to wonder, “can I afford it?” Canada Mortgage and Housing Corp., as well as many major banks, recommend spending no more than 30 per cent of income on housing, including mortgage (principal and interest), property taxes, insurance and utilities. To help, we did the math for a typical detached home in each region of the city. (more…)

Read More

A move-up home can mean many things in the Calgary market

Next to “location, location, location,” the truest maxim in real estate is “change, change, change.” While your first home is a milestone, keeping pace with your changing needs is about making all the right moves.

“Move-up buyers have been through the process before and know what they want,” said Michael Winiarz, vice-president of sales and marketing for Mattamy Homes in Calgary.

(more…)

Read More