Crunching the numbers

How much home can you afford?

Shopping for the home of your dreams requires knowing how much you can afford to spend, which for most buyers ties directly into a mortgage.

Financial institutions in Canada look at a buyer’s Gross Debt Service (GDS) and Total Debt Service (TDS) ratios to help determine how much mortgage to approve, and therefore, how much home a person can afford.

(more…)

Read More

Fee formula

Demystifying condo fees

We’ve probably all heard someone say they’d love to buy a condominium, but they don’t like the idea of paying condo fees.

“We see that $500 condo fee and ask, ‘what do I get?’ ” said Bernice Winter, CEO of Condo Check, a Calgary company that provides condominium services, including document reviews.

(more…)

Read More

Peace of mind

Carbon monoxide safety measures for homeowners

Recent, heart-wrenching news stories about deaths from carbon monoxide poisoning, including a young boy in Airdrie, have people thinking about CO safety in their homes.

“Carbon monoxide is a colourless, odourless, tasteless, non-irritating gas that is poisonous,” said Carol Henke, public information officer with the Calgary Fire Department.

(more…)

Read More

Real-estate rookies

Five tips for first-time homebuyers

The financing, the finagling, the legwork and the looking – buying your first home is one of the most exciting times of your life, but it can also be one of the most intimidating and stressful things you’ll ever do.

An experienced REALTOR® can help guide you through every step, negotiate on your behalf and streamline the entire purchase process.

(more…)

Read More