Getting the best mortgage rates in the Calgary area depends on a number of factors ranging from the loan to the terms applied to the loan to the way you plan to pay the loan off. There are many things you will need to consider and keep in mind as you work on securing a loan for your mortgage and ensuring you get the best mortgage rates Calgary can offer.
It’s not just Calgary listings that seem to be growing at unbelievable rates, Alberta’s booming economy is also growing at amazing rates and is bringing in more people who are now calling Alberta and Calgary home. The rich job market has been drawing workers from all over the country which is raising the demand for all types of homes and properties in the providence. Calgary is currently holding as second in the nation to Toronto for growth and development of the downtown and business sectors and for its booming housing market. Calgary is also now considered to be the key nation leader for industrial real estate return.
Property Market Trend
Calgary property is in high demand, and the average Calgary home is now selling in just 28 days. Buyers are grabbing up properties before there can be much competition for the desirable locations, which means values are rising and seller sand getting premium dollar for their sales. Lenders are also helping to boost this trend by offering very appealing mortgage rates and loan options for the sellers in the Calgary area. If you’re in the market for a Calgary home you should get pre approved for a mortgage loan and act quickly before the best properties are snatched up by those armed with the best loan rates and an eye for great properties.
Calgary in 2014
The Calgary Real Estate Board predicted at the start of 2014 that the housing market growth would continue throughout 2014. They projected that Calgary home sales would increase as much as 2.4%, while condo sales would jump by as much as 6.4%. They estimated that Calgary home prices for single family residences would increase 3.8% and condo prices in the city were projected to climb by 5.3%. As of the most recent update given at the end of Jun, the Calgary market was well ahead of the forecast given by the Calgary Real Estate Board, both for number of sales and increases in selling price.
Calgary is primed and ready for an amazing year and promises to finish off the 2014 year string with great values, amazing sales, and some of the lowest mortgage rates that have been seen in the area in recent years. MyMortgageBroker.com has the experience, knowledge, and tools you need to secure the best mortgage rates for your loan. They have what you need to be successful in your search! Do not wait another minute, visit MyMortgageBroker.com today!