Blog by DOINA BIOLAN B.Comm

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Mortgage Testimonial from Crina Vechiu

December 16th, 2015

Doina’s combination of high professionalism and true compassionate people oriented skills made our mortgage renewal experience an extremely easy and refreshing one. From the first moment of our collaboration I knew that we are in the very best hands, and I felt the blessings when she got the really best deal for our new mortgage rate of interest on the market circumstances. She’s truly having ...

Downpayment news for mortgage shoppers

December 15th, 2015

Important News for Mortgage Shoppers

The Federal government announced on Friday that the minimum down payment for homes priced over $500,000 will increase. Currently, the minimum down payment for a home is 5% of the purchase  price. Effective February 15, 2016, the down payment will increase to 10% on the portion of the purchase price between $500,000 and $1 million.  For example, a home cos ...

Downpayment requirements for homes over $500,000

December 14th, 2015

Changes to downpayment requirements coming February 2016

Today Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. The five per cent minimum down payment for properties up to $500,000 rema ...

HOUSING MARKET CONDITIONS FAVOUR BUYERS

December 4th, 2015

Housing market conditions favour buyers

Weak sales activity relative to inventory places downward pressure on prices  

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Calgary, Dec. 1, 2015 – Persistently high inventory levels within Calgary’s residential resale housing market, combined with weak sales activity, contributed to buyers' ...