Stewart Chyz
Axiom Realty Inc.
1627 Robson Crescent SE, Calgary, Alberta
P: 403-680-5560
F: 403-592-7598
Email
Axiom Realty Inc.
1627 Robson Crescent SE, Calgary, Alberta
P: 403-680-5560
F: 403-592-7598
All the opinions below are mine and though I do not want to offend anyone, I just might. If you have any comments or want to let me know your opinion, you can email me at info@stewartchyz.com.
Tuesday, September 7, 2010 - Video Blog over the Confusion on the Amount needed to Qualify for a Mortage.
Today I am going to talk about mortgages. Most people know that last April, changes were made. It seems that there is still some confusion on the extent of those changes though. I recently sold a home to a young woman who came through an open house I was doing. After talking to her, I discovered that not only did she know this house well, she wanted to buy it. How ever, she thought because of the new mortgage rules; she did not have enough of a down payment. After asking another question or ...
Full Article...
posted in News
at Tue, 07 Sep 2010 17:18:43 -0600
Monday, May 17, 2010 - April Residential MLS sales and price growth in Calgary lags behind the national average
A good article from the Calgary Herald
CALGARY - Residential MLS sales and price growth in Calgary and in Alberta lagged behind the national averages in April as the housing market showed initial signs of cooling, according to a report released today by the Canadian Real Estate Assocation.
CREA said there were 2,382 MLS sales in Calgary last month which was up 7.4 per cent from a year ago. The average sale price was $395,847 for a 6.4 per cent hike from April 2009.
In Alberta, CREA said sal ...
Full Article...
posted in News
at Mon, 17 May 2010 11:24:33 -0600
Monday, May 3, 2010 - Calgary Housing Market to Simmer, not Sizzle
The Calgary Housing Statistics for April 2010 have just been released, here is the condensed version. If anyone would like to get the full package, send me an email at info@stewartchyz.com and I will send you a set.
Calgary Housing Market to Simmer, not Sizzle
Economic optimism, improved choice and price stability contribute to a balanced housing market
Calgary, May 3, 2010 – Calgary’s housing market continues at a healthy and balanced pace, according to figures released today by ...
Full Article...
posted in News
at Mon, 03 May 2010 14:50:45 -0600
Thursday, April 1, 2010 - LENDER'S CONDITION ALERT
Lender’s Condition HEADS UP
It has brought to my attention that some lenders may be adding a lender’s condition for review and approval of condo docs by the “insurer” before they will finance the deal. This is coming to light at the “instructions to solicitor” stage and in spite of any independent condo document review that the client may have as a condition, this is an additional requirement.
Condo buyers and their realtors need to be alert to this fact and ...
Full Article...
posted in News
at Thu, 01 Apr 2010 11:26:41 -0600
Wednesday, March 31, 2010 - Fixed Interest Rates Rise
Jim Campbell, a mortgage professional with BMO has provided the following article to clarify the difference between variable rate and fixed rate mortgages. With the rise in fixed rates this week, you may be wondering if you should lock in your mortgage.
With the recent news around Fixed Mortgage Rates rising, you may not be entirely clear on the difference between fixed rate and variable rate mortgages. Both have benefits and the choice that’s right for you will depend on your situation ...
Full Article...
posted in News
at Wed, 31 Mar 2010 09:00:54 -0600
Tuesday, March 16, 2010 - Balanced Market
It was good to see the article in Saturdays Calgary Herald dismissing the talk of a housing bubble in Calgary. The Herald interviewed CREB President Dianne Scott who stated the market in Calgary is balanced and likely will remain so for the balance of 2010. I completely agree with her, we have a good supply of inventory, but not a surplus. There are multiple offers, but only on the well priced, well located properties. Sales are steady and if you see something you like, chances are someone else ...
Full Article...
posted in News
at Tue, 16 Mar 2010 13:31:30 -0600
Tuesday, March 9, 2010 - Part Time Realtors
I am feeling a little frustrated right now, I am working on an offer and have just discovered the other realtor works a regular job during the day and only does real estate part time. Why do I find this frustrating you ask? Because they are not returning my calls!! There is an impression out there that the profession of real estate only takes place during the evening or on the weekends. This could not be more wrong, yes there are lots of showings that take place in the evening and on the weeken ...
Full Article...
posted in News
at Tue, 09 Mar 2010 10:42:10 -0700
Tuesday, February 23, 2010 -
I took 5 days off from work and my inbox was overflowing with clients asking how the mortgage rules changes that were announced while I was away would affect them. Here is my take on the changes
For the person buying a home to live in, it will not change much. The new rule is to qualify for a mortgage you must be able to qualify for a 5 year fixed term mortgage instead of a 3 year term. There is a slight difference in the rates that you can get for these mortgages. The 3 year rate is at 3.25% ...
Full Article...
posted in News
at Tue, 23 Feb 2010 13:12:47 -0700
Friday, February 12, 2010 - Variable Rates or Fixed
Variable Rate or Fixed
I get asked frequently for my opinion on what is best, a variable rate mortgage or fixed. Even though the prime rate, which is what variables are set by, is as low as it is going to go, I still believe a variable rate is the best option, here is why.
The experts are predicting that in June the prime rate is going to start to go up, and with in one year of the first increase will rise by .75 basis points or ¾ of a percent bringing prime to 3%. Right now there are mortg ...
Full Article...
posted in News
at Fri, 12 Feb 2010 12:02:03 -0700
Tuesday, February 9, 2010 - MLS System
There are lots of news articles out today about The Competition Bureau and Organized Real Estate. I am not sure what the fight is about, fee for services options are already here. If someone just wants their listing posted to the MLS system and they are willing to take all calls, book all appointments, do the all marketing, sit the open houses, be home to let potential buyers in, qualify the potential buyers, they can have it.
I routinely get calls and emails from those people who have tried t ...
Full Article...
posted in News
at Tue, 09 Feb 2010 10:58:25 -0700
Sunday, February 7, 2010 - Big Six banks urge Ottawa to tighten mortgage rules
This article was published in the Feb. 6th Globe and Mail. If these changes do come, it will be much harder to get a mortgage. If you are considering purchasing a home and only have 5% to put down, you will want to act before the banks are successful getting this through.
Canada's top bankers are pushing the government to clamp down on the mortgage market to cool off the rise in home prices .
The heads of the country's six largest banks have privately told policy makers that they fear the w ...
Full Article...
posted in News
at Sun, 07 Feb 2010 10:04:48 -0700
Thursday, February 4, 2010 - Currie Barracks Lots on Sale Today
It's one of the most highly anticipated residential urban developments in Calgary and on Thursday sales are expected to begin for a small number of lots at the Currie Barracks.
It's all part of the first phase of a major redevelopment at the former military site that proponents say will create a marquee place to live and work. It's also a major step in the conversion of the former CFB Calgary.
A small number of upscale "estate" lots for yet-to-be built homes are expected to go on sale Thursday, ...
Full Article...
posted in News
at Thu, 04 Feb 2010 09:39:07 -0700
Thursday, February 4, 2010 - Calgary 2010 Forecast
Jan 28th, 2010
More good news is on the horizon for the region's real estate market, the Calgary Real Estate Board said last week in its 2010 forecast report.
According to the report, single-family homes will show "modest price increases", while condominium price growth will "continue to lag."
The number of single-family homes sold in 2009 in the City of Calgary was 14,440. That number is expected to jump to approximately 17,000 in 2010, an increase of 17.7 per cent.
Condo sales are also slat ...
Full Article...
posted in News
at Thu, 04 Feb 2010 09:37:09 -0700
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