Great Investment Opportunity First Time Investor!

Great Bungalow Live Up Rent Down
Great Location! Great Family Home! 5 Bedrooms!OR

Live up Rent Down!

Newer Roof, Newer Windows, Newer Hot Water Tank, Newer Furnace!

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MLS#: 098765
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Luxury Real Estate Condo Calgary – Time to BUY

Luxury Real Estate Condo Calgary. This is a once in a lifetime opportunity for a culturally progressive and financially savvy urbanite who seeks a modern lifestyle. But also for a shrewd investor who will enjoy the excitement of watching this area flourish and add value to their investment.

If you missed the ‘boom’ in 2007 for Calgary Real Estate there is another opportunity for you!

8 block west you would pay $800 to $1,000 a square foot for this Luxury Real Estate Condo Calgary http://www.sheilamorrison.com/listing/mlsid/520/propertyid/C3524018/.

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Calgary Real Estate Mortgage 10 Year Term

Calgary Real Estate Mortgage 10 Year Term

I am very interested in the 10 year term, but I have concerns…

Q. What is the penalty on a 10 year term?

A. According to the Interest Act, once 5 years has passed in the term, the maximum penalty is 3 months interest.  For the first 5 years, the penalty is the greater of the interest rate differential and 3 months interest.

Q. I heard a statistic that 80% of mortgages refinance within the first 3 years.  My client could get stuck paying a hefty interest rate differential.

A. All of ING DIRECT’s mortgages are transferable.  If the client moves, he can transfer his mortgage to the new property and take a blended rate to avoid paying a penalty.

Q. But what if the client does not buy a new property?

A. In this case, the client will have to pay a penalty – the greater of the interest rate differential and 3 months interest.  But consider the following: at ING DIRECT, we will calculate the penalty on the balance minus the unused portion of the 25% of initial capital (pre-payment privilege).  AND ING DIRECT only has one rate, therefore our penalty will be calculated using the rate of 3.99% and not a much higher ‘posted’ rate like some banks who are at 6.75% posted for 10 years!

Q. I get the impression that there is a lot of risk involved in a 10 year product.

A. Rates are at historic lows.  Economists are telling us that the rates could start to increase as early as the end of 2012.  There is a strong possibility that in 3 years the 7 and 10 year rates will be higher than 3.99%.  For ING DIRECT, our interest rate differential calculation would be negative leaving only a 3 month interest penalty for the client.  Coupled with our transferability options, the risks for the client are low.

Q. What are the advantages of a 10 year term.

A. The advantages are a rate of less than 4% for 10 years!  Two years ago the 5 year rate was at 5.25%… we have no idea where rates are going.  With all that is happening in the global economy, mortgage stability offers a great financial security.

 

 

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Calgary Real Estate Downtown

 

Calgary Real Estate Downtown

Global Calgary : Wednesday, April 25, 2012 2:52 PM

 Calgarians are getting their first look at the master plan for St. Patrick’s Island.

The 12 hectares of land will one day join the East Village to the north and south banks of the bow, thanks to a new bridge. There are also big development plans for the island itself.

The city chose two land development teams who will be working together on the project, one from Denver and one from New York.

Work has already begun on the new pedestrian bridge which will connect the island to the community of Bridgeland, and also to the East Village

Some of the new projects for the island itself include restoring an island lagoon, creating a boat launch, trails, boardwalks, a new venue for festivals and performances as well as picnic and play areas.

A lot of the structures to be erected on the East side of the island, near the Calgary Zoo, and the west side of the island will retain a lot of its natural beauty.

The cost of the island redevelopment and bridge construction is $45 million.

The bridge should be ready by the summer of 2013, and the island ready for the public sometime in 2014.

© Global News. A division of Shaw Media Inc., 2012.

Calgary Real Estate Downtown 

 

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Are you a Shrewd Investor Calgary Real Estate?

Calgary Real Estate – Are you culturally progressive and financially savvy, forward thinking, a shrewd investor who seeks a modern lifestyle, and enjoys the excitement of watching the area flourish and adding value to you investment? Touchbase with us and we can share what your opportunity is in Calgary Real Estate

 
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Bearspaw April 2012 SOLD To Date Real Estate

Bearspaw has seen a large increase in listings, so far this year, with 78 homes and 27 lots currently for sale. On average the Bearspaw market absorbs nearly 5 home sales each month suggesting a strong inventory.

Sheila Morrison and Jeffrey Bone offer expert area knowledge and give our clients insight into local market pricing and trends. We convey to buyers the benefits and technicalities of living in this great community.

We are currently working with qualified buyers looking in the Bearspaw area for newer 2,000SQFT+ walkout bungalows.

500 Eau Claire Avenue SW

 

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500 Eau Claire Avenue SW
Calgary, Alberta
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302K 500 Eau Claire Avenue SW

$ Click for current price
2 BEDROOMS
2 BATHROOMS (2 full)
1785 Square Feet

This three bedroom Eau Claire Estates condominium has two titled underground parking stalls The property is situated directly along the Bow River and offers immediate access to Princess Island Park and downtown. Eau Claire Estates one of Calgary’s premier residences including a manicured court yard, swimming pool, whirlpool, saunas, fitness room and 24 hour front desk security, Car Wash,. Also, visit the website below for more information on the complex.  Great entertaining floor plan with large island, separate dining room, open living room with custom fireplace – over $75,000 in renovations in the past 10 years.  Enuite with large soaker tub, walk-in closet, in suite laundry.

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