Real Estate Blog / Data - Blog Archive: July, 2020

July 2020

Found 11 blog entries for July 2020.

 

 

Things To Do To Ruin Your Chances of Getting a Mortgage


A mortgage is a really big deal. When applying for a mortgage, a lender will look at all aspects of your credit history and employment to see if you are able to handle a large debt such as a house.


However, there are some things that will definitely ruin your chances of getting a mortgage if you are not fully aware, and sometimes it may be something that seems so simple but will make a huge impact on your home buying ability.

The following is list of things that can affect your chances of getting a mortgage:

Not having enough saved for a down payment: Always plan ahead. Make sure that you have put enough money aside so that you can make a sufficient down payment. Even if you

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Preparing Your Home When Going on Vacation

It’s always a good idea to safe guard your home from unwanted pests, criminals, and other issues so you can enjoy a good vacation.

Friends and family: Let a friend and/or a family member know that you will be away and for how long. Have someone drop by to bring in the mail/flyers, and have them check the house for any issues, like leaks, odd smells, and any signs of potential issues. Have them drive by once a day.

Keep it to yourself: Do not announce your vacation time on social media as someone may be tipped off that you are leaving town. This would be a perfect opportunity for criminals to check out your house.

Security Company: If you have a security company that monitors your house alarm,

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The Ripple Effects Of Lower Oil Production and Investment

ATB Economics | July 14, 2020


   

Between the pandemic and oil price crash, oil producers in Alberta have been compelled to cut both capital expenditures and production. This, in turn, means fewer jobs, lower exports, reduced demand for goods and services used by the oil sector, truncated government royalties and stunted economic growth overall.

In an effort to quantify the economic impact of the cuts, Statistics Canada released a study last week entitled “The Decline in Production and Investment in Canada’s Oil and Gas Sector and its Impact on the Economy.”

The study found

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Emergency Preparedness


Emergency situations, or States of Emergency, can happen when you least expect it. The 2013 flooding in Southern Alberta is proof that all citizens need to be prepared for any type of emergency situation. We have provided some information on how to be prepared for emergency situations should the event arise.

The main thing is to have an emergency preparedness kit ready. Included in this kit should be enough resources to last at least 72 hours:

~ 4 litres of water per person for 3 days. (Note that the water from the toilet tank and hot water tank can be utilized.)

~ 3 days, or more, worth of food. Include items that do not spoil and are easy to prepare: energy bars, canned goods, dried fruit and nuts.

~ Non-electric

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The Mortgage Process


Purchasing a home is a lengthy process, which includes find your dream home. Needless to say, a house is a big deal, and you want to make sure you choose wisely. Below are few tips to get you on your way to home ownership.

Pre-qualify for a mortgage: It’s a good idea to understand what type of house you will be able to afford according to your income and your debt. Pre-qualifying for a mortgage will give you an advantage in the event you find a home that you love.

Find a property: Become knowledgeable about how homes cost in certain areas that you are interested in. It will give you a better understanding of what is out there and what you can afford.

Paperwork: Once you find a property, a real estate agent will draw up a

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