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How To Find a Top REALTOR® in Calgary [Step-By-Step]

How To Find a Top REALTOR® in Calgary [Step-By-Step]

Finding a Top Calgary REALTOR® is a time consuming task. Going through a REALTOR® directory and searching the most recent reviews are great ways to get started. In this how-to guide, you will learn a step-by-step way find the best agent and real estate company to help you through the buying or selling process. Learn a number of questions you should ask your REALTOR® and learn more about commissions and fees.

How Much Are Calgary REALTOR® Fees?

How Much Are Calgary REALTOR® Fees?

Quickly learn all about Calgary REALTOR® fees and explore the Calgary Commission Calculator. Calgary based Renzo Real Estate brokerage, breaks down how fees work, how they are calculated, and how you can work with your real estate team and REALTOR® to understand the costs when selling your home.

Stress Test - New Mortgage Rules

Broker and Co-Founder, Michael Montgomery had the opportunity to discuss the new mortgage rules implemented across Canada with Global National's Reid Fiest. 

As of January 1, 2018, buyers with uninsured (>20% down), as well as insured (<20% down) mortgages, are required to qualify at a higher rate. Buyers have to qualify at The Bank of Canada's Benchmark Rate (currently 4.89%) or 2% higher than their interest rate. This is The Bank of Canada's strategy to avoid buyers being in challenging positions if interest rates were to climb. Furthermore, it targets overheated markets such as Toronto and Vancouver. 

Here is a link to the further explanation of the rules.