A home is more than just four walls and a roof, it’s a place for your family to grow, change and laugh together – all great reasons why it’s extremely important to find the right home for your family. Choosing the right home means you can look forward to bringing your family closer together. Let’s take a look at the ways a new home can help you do that. Read More
Whether they’re thinking about upgrading or downsizing, most of the people who are thinking about getting a new home are planning to sell their current home. Usually, they know that the equity in that home will turn into a nice down payment on their next property, allowing them to reduce monthly payments or make the new home more affordable. Read More
More and more people are looking at brand-new homes for investment properties rather than resale homes that may need a lot of work. Some are choosing to live in one part of the home while renting out another unit. Other people are purchasing new homes with renters in mind. In either case, investing in a new property can bring in big profits because you won’t be wasting money on repairs and you’ll be able to command higher prices for the style you get with a brand new home. Read More
Since Canada’s new mortgage rules allow you to include income earned from an income suite to qualify for your mortgage, it’s never been easier to get into the home of your dreams. At Sterling, we’re prepared to include an income suite with the build of your new home, and grant money through the Cornerstones program will make it even more affordable to do this. Read More
Did you know the CMHC allows 100% of the rental income from legal secondary suites to be used when qualifying for a mortgage? Did you also know that, in an effort to provide housing for lower-income Edmontonians, the City of Edmonton Cornerstones program offers grant funding for income suite development? Read More
In an effort to provide more affordable rental units in Edmonton, the government has been promoting income suites. Typically, these are basement suites, above-garage suites, or separate building structures in the backyard called garden suites. There’s such a large demand for these types of rental units, there are even grants to help Edmonton homeowners build a suite or renovate an old one. Read More
Your monthly income plays a huge role in how much you can get when you apply for a mortgage. The higher your income, the more home you can afford and without a major promotion or taking a second job, it’s hard to increase your monthly earnings. But, if you decide to add an income suite in your new home, you can put that rental income towards the bank’s calculations – helping you qualify for a larger mortgage. Read More
A lot of people are becoming interested in purchasing income properties. We’re seeing this trend in the new construction market, with more and more customers deciding to add an income suite to their new home. Read More
Everyone loves a little independence when it comes to their living quarters. Read More
When it comes to an additional suite, most people feel they’re limited to the basement or main floor. Read More
