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 % over last year at this time! 

 

 

 

In April 2008, the Average Single Family Home was priced at 

$475,513 and the 5-year rate was 5.386%.  With 5% down, the 

mortgage amount including CMHC fees was $465,967.08.  With a 35- 

year amortization, the payments would equal $2,449.60. 

 

In April 2009, the Average Single Family Home is priced at $420,354, 

and the 5-year rate is just 3.95%.  With 5% down, the mortgage 

amount including CMHC fees is $411,915.39.  With a 35-year 

amortization, the mortgage payment today is just $1,803.62. 

 

Thus, today buyers are saving on average $645.98 per month, or 

a total saving of 26.37% over last year at this time! 

 


 

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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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