Edmonton Real Estate Blog

Sterling Homes Real Estate Blog brings you the latest market news and property listings, as well as tips for buying or selling a home in Edmonton.

January 18, 2021

With the easy availability of credit these days, it’s rare to have to save up a significant amount of money to make a purchase. For most, the one exception to this rule is the down payment on a home. Canadian mortgage rules require you to… Read More

December 18, 2020

Cost is definitely one of the first things people think about when they’re shopping for a home, but not everyone realizes quite how much nuance there can be to the question “How Much Is My Home Going to Cost?” Read More

December 17, 2020

When you’re purchasing a home as an investment, your credit score is going to play a huge role in the home buying process, so it’s worth devoting some time to. In this article, we’ll break down everything you absolutely need to know about your credit score so you’ll have an easier time getting started on your investing journey. Read More

November 24, 2020

Wouldn’t it be nice if you could make money using someone else’s money?

You can! That’s what happens when you take out a mortgage to purchase an investment property. Sure, you need to put some of your own money down for the down payment, but the bulk of your purchase is borrowed. You can then use the income you earn from tenants to pay down the principal balance and build up your equity. Read More

November 5, 2020

You’ve already achieved your dream of homeownership, and now you’re starting to think about a second home now. Maybe it’s a nice vacation home so that your family can spend the summers relaxing by the beach or the winters hitting the slopes. Maybe you’re looking for a new place to live but realize that your current place is the perfect rental unit. Read More

September 22, 2020

As you get ready to buy your home, you’ll likely start to hear about various additional costs that you’ll have to pay as part of your mortgage, such as mortgage insurance. Read More

August 24, 2020

Real estate is one of the main streams of income for many of the wealthiest in the world. To understand the importance of credit scores when seeking a mortgage, we first need to understand what the phrase “credit score” actually means. Read More

July 28, 2020

The Home Buyers’ Plan was created by the government to help Canadians get over the big hurdle of saving up a down payment for their home. It allows qualified individuals to borrow up to $35,000 from their registered retirement savings plans (RRSPs) to use toward the down payment. The money needs to be repaid within 15 years to avoid having it count as taxable income.  Read More

June 9, 2020

The interest rate on your mortgage has a big effect on your monthly payment. Naturally, you want to get the lowest rate possible. Since it can take some time to finalize the sale of the home – especially when you’re building a home instead of buying a resale home –  it’s normal to worry about what rate you’ll end up with. Will interest rates go up while you’re shopping? If so, will you still be able to afford the home that you want? Read More

June 8, 2020

The Canada Mortgage and Housing Corporation announced a tightening of its underwriting criteria on Thursday. In this article, we will cover what these changes will mean to you, the importance of credit when buying a home, how to boost your credit score, and other great tips on how to qualify… Read More