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Know Your Budget: Understanding your financial situation and getting pre-approved for a mortgage is crucial before beginning the home buying process. Compare Rates: Shop around and compare mortgage rates from different lenders to find the best deal, considering both interest rates and terms and conditions.

Use a mortgage calculator to estimate your monthly payments before house hunting. Factors affecting payments include home price, down payment, loan term (15 or 30-yr typically), and interest rate.

Canada's largest financial co-operative suggests introducing more mortgages with longer renewal terms. Longer-term mortgages could mitigate "payment shocks" for households amidst interest rate increases.

Sales Up: – Calgary home sales ↑ 9.9% yearly in March 2024. Migration Boost: – Interprovincial migration to Alberta is contributing to strong market activity.

Calgary's luxury Real Estate market is doing well, even better than bigger cities. The reason for this is Calgary's diversified economy, which has helped the city weather economic downturns.

Calgary homeowners will see a higher property tax increase than originally expected. The total increase is 8.6% for a median-valued home.

Listings with high-resolution photos and 3D tours sell quicker and at a 2% higher price. Listing a home in early June may increase the sale price by 2.3%.