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 12, 2023

Getting a mortgage can be difficult for many Canadians, especially those with a low credit score. If you’re in this situation, you may consider having someone co-sign the loan with you, which could potentially make it easier to get approved. In this article, we’ll explore what co-signing is and discuss some of the benefits and considerations that come along with it when obtaining a mortgage in Canada.  Read More

January 5, 2023

A house’s quality is the number one determinant of its long-term value. When one is well built, you find it easier to stay and turn it into a proper home. That’s precisely why Sterling Homes has been an industry leader for the past 70 years. We specialize in building… Read More

December 22, 2022

Mortgages are a crucial part of Canadian life, and getting one can be complicated if you don’t know what to expect. One of the many documents you may be required to provide to your lender is an employment letter. But what is a mortgage employment letter, and what information does it contain?

In this article, we’ll take a closer look at mortgage employment letters (also called a letter of employment or a job letter) and explain what they’re used for and how to get one. So if you’re planning on buying a home in Canada, be sure to read this! Read More

December 8, 2022

If you’re in Canada, and you’re looking for a mortgage, you may have heard the term “B lender.” What is a B lender, and what does it mean for your mortgage? In this article, we’ll answer those questions and more. Keep reading to learn everything you need to know about B lenders in Canada! Read More

December 1, 2022

Many travellers today are looking for more personalized experiences than they can find at traditional hotels, and Airbnb has become extremely popular as a result. In this article, we’ll cover the basics of Airbnb in Edmonton, from what it is to how much you can make. We’ll also give you some tips on getting started and making it easier to run your Airbnb once it’s set up.

Whether you’re looking to run an Airbnb for extra income or as a full-time business, there are a few things you need to know (and you can make good money by renting out your home to travellers through Airbnb!) So if you’re just curious about Airbnb or ready to dive in, keep reading! Read More

June 14, 2022

It’s common knowledge that in Canada we pay Goods and Services Tax (GST) on virtually everything we buy, from clothing to vehicles to some food items. But when it comes to the largest purchase we can make in our lifetime – our home – it may come into question whether this purchase is taxable. 

The simple answer is yes, the purchase of a newly built home is subject to GST. However, the Government of Canada offers a GST rebate program to make homeownership more affordable. Read More

May 26, 2022

Shopping for a new home is an exciting time, filled with anticipation and possibilities. While finding exactly the right home for your family’s needs is the main goal, you do need to look at the process overall. One of the key components of the home buying process is making the offer, which means you need a mortgage pre-approval and with that comes the mortgage commitment letter.

A mortgage pre-approval reviews your credit history, credit score, current employment and income, and any outstanding debts you have. At this stage, lenders preliminarily determine your qualification for a loan and the amount you’d qualify for in your current situation. From this, they issue you a mortgage commitment letter.

Let’s find out more about this important document and what part it plays when it comes to buying your new home. Read More

March 3, 2022

Buying a new home when you have an existing home to sell can create some financial challenges if you don’t have bridge financing in place.

Perhaps your down payment is locked in equity on your current home—how do you unlock that equity to apply the funds to your new home purchase? A bridge loan literally “bridges the gap” between the sale of your existing home and the purchase of your new one. Read More

April 9, 2021

From pre-approval to closing day, the entire mortgage process can be a stressful experience, even when everything goes to plan. But while everyone will always do their best to make sure the process goes smoothly, there’s always room for error. Read More

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

See All