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cheaper to own a home today: Calgary Real Estate market moving - 07/23/09 11:51 AM
Calgary seams to always bounce back from tough times due to the wealth and job creation that we seem to provide. The Real Estate market is moving forward and home that are priced correctly are selling. Its almost to a point that both the seller and the buyer are happy with things. obviously everyone hopes to sell higher like the homes were priced 2 years ago, but this a double edged sword since they too would have to buy a replacement home for much higher. I feel that its a good move to find the home you want to stay in
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cheaper to own a home today: Calgary Real Estate actually costs less - 04/24/09 05:21 PM
Did You Know ?? In April 2008, the Average Condo price was $312,620 and the 5-year rate was 5.386%. With 5% down, the mortgage amount including CMHC fee would have been $306,344.15. With a 35-year amortization, payments would equal $1,610.46. In April 2009 the Average Condo price is down to $284,056 and the 5-year rate is just 3.95%. With 5% down, the mortgage amount including CMHC fees is $278,353.58. With a 35-year amortization, the mortgage payment today is just $1,218.81. Thus, today buyers are saving on average $391.65 per month, or total savings of 24.32 %
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Todd Terry
Calgary,
AB
More about me
RE/MAX Real Estate (Central)
Address: #206, 2411 4st NW , Calgary, AB, T2M 2Z8
Office Phone: (403) 216-1600
Cell Phone: (403) 975-8633
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