Prospects for Housing Starts positive for Calgary!

Happy Monday Everyone!

We had a busy weekend cleaning up around the house...and enjoying the beautiful summer days.

It was not until Saturday night that I remembered that I am celebrating my 25th year in Canada ... on July 21st! 

It's hard to believe it was that many years ago!

Emma finished her 1st of a many summer camps!  I enrolled in the 'Mad Science Summer Camp' last week and today she started her 'Zoo Camp'!  I am excited for her as I missed out the opportunites to go to summer camps when I was young.  Here's a picture of her getting ready to go into the zoo.....

Traditionally, the summer months are a quiet months in the Calgary Real Estate Market, but this year it is the total opposite of the norm.  The real estate market continues to be busy and homes are going, going, gone....

http://www.calgaryherald.com/business/Prospects+housing+starts+positive+Calgary+region/6964520/story.html

Interest rate remains to be low....

Call me today and obtain a pre-approval!

Get out there and search for that perfect home before it's gone!

I work with many reputable and experience realtors in Calgary, so call me if you need any assistance at all.

Enjoy this beautiful (and weird) weather!

Yee Haw!! Calgary House Sale activity sparks memories of 2007?

Happy last weekend of Stampede!

Hope you are enjoying our 100th year of celebration.

As usual, we made our way to the Stampede parade on Friday morning. This year, we had great seats, (Thank You Tom). We had our own private balcony with prime a view!

I also had the opportunity to watch the Chuckwagons and the Grandstand show on Sunday night. It was THE BEST! Paul Brandt was awesome and the show was spectacular.

We took the kids to the Stampede ground on Wednesday and we had so much fun! The weather was hot and it was perfect for our outing.

Now with the new change of the mortgage rules, here are a few clarifying points that you need to know:

. Conventional mortgages remains at maximum amortizatoin of 30 years (ie. 20% or more downpayment)

. maximum ratio qualification of GDS 39% and TDS 44% only applies to High Ratio mortgage (ie. <20% downpayment) I have not noticed any changes to the market with the new mortgage rules. I expect interset rate to remain the same as this makes qualification as easy as before. Check out this news article. The Calgary market is as strong as ever! http://www.calgaryherald.com/business/real-estate/Calgary+house+sale+activity+sparks+memories+2007/6875505/story.html

If you have any questions, please send me an email or give me a call.

Enjoy the rest of the Stampede! as we celebrate the 100th year of the Greatest Outdoor Show on Earth!

Yee Haw!