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.
You asked, we answered
The people have spoken! We asked you for your most pressing real estate questions, then threw them to our expert panel of experienced REALTORS®: John Hripko (Royal LePage Benchmark), Laura O’Connell (RE/MAX House of Real Estate), Sam Crick (RE/MAX Realty Professionals) and David P. Brown (The Real Estate Company Ltd.). (more…)
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.
