Sooooo, you want to renovate!? You might have bought yourself a fixer-upper or are looking to give your property a facelift before listing it. Whatever your renovation goals and inspiration are, our tips will help you get there! 


Overestimate Your Time


It's easy to fall into the thinking that you...

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With spring approaching quickly, many buyers and sellers are beginning their journey of either finding their dream home or selling their property. With so much information seemingly available on the internet, people begin to wonder if they can do it themselves.


While yes, there have been people who have...

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New mortgage changes are coming down the pipe, and it can all be a little confusing. Here's what the experts are saying.... 

 
MORTGAGE TERMS:
Insured Mortgage / High Ratio Mortgage  = Less than 20% down payment
Non Insured Mortgage / Conventional Mortgage = 20% or greater down payment / equity
Bank of Canada Rate = the 5 year fixed posted rate (currently 4.99%)
Contract Rate = the actual rate offered by the lender to the consumer
Benchmark Rate/Qualifying Rate = Stress Test: Bank of Canada Rate OR Contract Rate +2%, whichever is greater
LTV (Loan To Value) = the size of a mortgage compared to the value of the property
securing the loan
 
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.