Blog posts in Real Estate 101.

Join the Excel Homes Team for a series of new home tours in all of our Communities. Learn about our green energy program, our show home leaseback program for investors and learn why Excel Homes is one of the top realtor referral home builder's in Calgary.

What does the Bank of Canada's recent interest rate hike mean for prospective home buyers?

Excel Homes has enjoyed a busy spring market this year. Over the past few months, we’ve opened sales centres and show homes in three of Calgary, Airdrie and Cochrane’s most desirable new communities. After a whirlwind of activity, we’re excited to share the highlights from each of our grand opening events.

Preferred Rates

Congratulations! After weeks – or perhaps months – of searching you’ve found the perfect home. You’re already envisioning your life here. Sunday night dinners, playtime in the backyard, creating years of memories. Now, the next step in making your dream home a reality is to secure financing.

Here’s a tip. If you’re in the market to purchase a new home, but aren’t sure if now’s the time to buy, it is! Here’s why:

According to the Calgary Mortgage & Housing Corporation (CMHC), the New Housing Price Index (NHPI) is projected to increase by 4.5% in 215. On the price of an average $4, home, that’s an $18, increase!

Buying a new home can feel like quite the undertaking, as there are many factors to consider. Budget, square footage and number of bedrooms are usually the first items on the table. Then you’ll think beyond the home – commuting times, access to transit and available community and neighbourhood amenities. And of course, if you have children, school districts come in to play. Once you have completed the research and found the right home for your family it’s time to rest easy and let your builder to do the heavy lifting.

Record-breaking migration, continued job creation, rising incomes and historically low interest rates continue to fuel greater Calgary’s hot real estate market.

To buy old or new? It’s one of the most common dilemmas that homeowners face when deciding to buy a house. Some people prefer to know that they are the first ones that have lived in the space while others like the unique charm that an older house may possess. So how do you know if a brand new build is right for you? Well, here are some added perks to owning a new house that older homes just don’t offer.

As a new home buyer (or if you’re new to Canada), the various terms related to a mortgage can be confusing. This week we explore amortization and how it affects what your mortgage really costs.

To begin, the length of your amortization period is the number of years you will need to pay the full balance of your mortgage. It’s an important decision because it affects how much interest you pay over the life of your mortgage.