So, you’ve decided to renovate your outdated kitchen in the hopes of improving their property value and accelerating your sale. You’ve always wanted to try out customized, concrete countertops, and are wondering if concrete is the best choice in Edmonton’s market.
While not as common or popular as hallowed and oft-envied granite countertops, cement countertops have gained popularity in recent years because of their versatility, customizability, and durability. Still, as a real estate agent looking to turn over the property, there are a few variables you need to consider before giving your go to contractor the green light.
When renovating or updating, Edmonton home owners often choose concrete countertops because of the versatility and customizability they provide. Unlike granite,...
We all know that Finance Minister Bill Morneau, announced new mortgage and housing rules on Monday, so we caught up with Mortgage Specialist, Margaret Adekunle of Marg Mortgages. We asked her a few questions to help us get an overview of the upcoming changes and how it affects us.
BERET: How will the qualification standards for high ratio (insured) mortgages impact for buyers?
Margaret: The new qualification standards mean that buyers have to qualify at a higher interest rate. Right now, lenders are qualifying buyers based on a discounted rate of 2.44% for a 5 year fixed mortgage, regardless of the posted rate. The down side to qualifying a buyer at the posted rate is that a buyer that will qualify for a $400,000 mortgage at 2.44% will only qualify for a mortgage of $320,000 at 4.64%
Edmonton Real Estate Stats - September 2016
Buy, Buy, Buy!!!! We usually see fewer listings in the colder months, so it is valuable for buyers to have a suitable selection and reassuring for sellers to see continued constancy in sale prices.