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Time Is Running Out To Get More Home For Less // October 19, 2017

Great Deals On New Homes Before Year End

If you’ve been considering moving from a rental property into your own space, now’s the time to take action. Similarly, if the kids are grown and you want to downsize, you can get more home for less at this time of year.

Homebuilders often have year-end inventory they’d prefer to move at a reduced rate. These are quick possession homes or spec homes that are already built and ready for families to move into. In addition, clearance promotions often give homebuyers even greater incentive to buy.

At ZEN Ravenswood in Airdrie buyers can take advantage of reduced prices on remaining homes plus live free for 6 months with no mortgage payments, condo fees or utility bills.

At ZEN Redstone a similar program is in effect allowing buyers to live free for 3 months with no mortgage, condo fees or utility payments.

This is a perfect time to get more for less because new mortgage rules come into effect January 1st 2018. In a nutshell, new regulations will mean that you may not be able to obtain a mortgage for the home you want. Banks will be ‘stress-testing’ your ability to pay your mortgage at a higher rate should the Bank of Canada increase rates. Time is fast approaching, so if you’re thinking of a new home, it may be prudent for you to buy now and lock in your mortgage sooner than later and take advantage of the special promotions from homebuilders.

This Global News item may help you understand the new rules.
https://globalnews.ca/news/3807946/mortgage-rules-stress-test/

You can read the official line on new regulations at this Government of Canada site:
http://www.osfi-bsif.gc.ca/Eng/fi-if/rg-ro/gdn-ort/gl-ld/Pages/b20_dft.aspx

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Posted in Calgary Townhomes, Home Ownership, Interest Rates, Mortgage Rates | Tagged in Tags: , , , | No Comment.

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Imagine living steps away from Canada’s largest recreation facility! ZEN Urban District is offering 2 or 3 bedroom, 2-storey homes with private back yards, 1 & 2 bedroom flats and 2-storey homes with rooftop patios, all within walking distance of Seton Recreation Centre. The Centre will provide a blend of leisure, sports, arts, culture all in a 330,000 square foot facility!

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1168 sq.ft., 2 bed/2.5 bath $239,900 (Incl. GST) Only $517 bi-weekly!* *Bi-weekly calculation based on 5% downpayment, 5 year term, 2.99% fixed, 25 year amortization. E&OE.

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Want to make your home greener?
Here are some simple things you can do in your home to help the environment!

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We're Open!
Out and about this Family Day weekend? Stop in at one of our Sales Centres to learn more about the amazing promotions we have going on!
- Live Free for 3 Months OR Get 1 basement bedroom developed for free!
- Up to $10,000 on remaining homes in ZEN Ravenswood in Airdrie.
Not to mention our WestJet, Realtor and Customer Referrals Program!
Check them all out here: zeninbalance.com/promotions/
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