September 2024

Buying a home is a major financial commitment, and knowing how much house you can afford is key to making a smart purchase. This practical guide will help you assess your budget, understand mortgage options, and make informed decisions as you consider whether to purchase a home. Whether you're a first-time buyer or upgrading, this guide offers essential tips to confidently determine your budget.

For informational purposes only. Always consult with a licensed mortgage professional or financial advisor before proceeding with any real estate transaction.

How to Find Out How Much House You Can Afford

• Your total debts should not exceed 44% of your gross income.
• You should spend no more than 32% of your gross income on housing.

Have you ever wondered what living in one of Northeast Calgary's top neighbourhoods would be like? As you explore this part of the city, you'll encounter a variety of established and growing communities, each with distinct charm and amenities. From the affordability of Falconridge to the modern aesthetics of Cityscape, there's a lot to consider. But what makes the Northeast stand out among Calgary's quadrants, and which one of the neighbourhoods there could be your perfect fit?

Northeast Calgary at a Glance

• Northeast Calgary offers around 35 neighbourhoods with convenient access to major roadways and public transit.
• Falconridge provides affordable housing, starting in the mid-$400s, with access to schools, parks, and a strong community

Southeast Calgary has a diverse range of neighbourhoods, each with unique appeal. From family-friendly communities with ample amenities to quieter areas with scenic parks, this region offers various living environments to suit different lifestyles. Whether seeking convenient access to urban centres or a peaceful retreat in one of Calgary’s best master-planned communities, Southeast Calgary provides various options to meet different preferences.

Southeast Calgary at a Glance

Southeast Calgary is a dynamic region known for its diverse neighbourhoods and well-rounded amenities. It offers a mix of residential options, from family-friendly communities with parks and schools to quieter, more suburban areas with green spaces.

The area is

Find the best Thai food in Calgary at these restaurants! From the bustling streets of downtown to the cozy corners of suburban neighborhoods, you find Thai restaurants in neighbourhoods all over Calgary. Whether you're craving the tangy zest of Som Tum, the creamy richness of Massaman Curry, or the spicy kick of Tom Yum, Calgary's Thai restaurants promise a culinary journey that captures the essence of Thailand. In this guide, we'll explore some of the best Thai eateries in Calgary, where authentic flavors, welcoming atmospheres, and exceptional service come together to create unforgettable dining experiences.

Tuk Tuk Thai

Tuk Tuk Thai in Calgary is deeply rooted in the legacy of Thai Sa-on, a beloved restaurant with over 30 years of experience

When crafting your home-buying wishlist, it's best to separate your needs from your wants. You should prioritize essential features like the number of bedrooms and bathrooms, proximity to work or schools, and sufficient space. At the same time, you'll need to set a realistic budget, considering must-have features and potential compromises. Thorough planning and knowing what to prioritize will make it easier to learn how to buy a home that's right for you.

5 Things For Your Home Buying Wish List

• Number of bedrooms and bathrooms.
• Locations with your preferred proximity work, schools, and essential amenities.
• Sufficient space and storage for your current and future needs.
• Systems and appliances that are in good condition and

Condo fees often spark debate and confusion. These fees, which cover the maintenance of shared spaces and essential services, vary widely depending on the building's age, size, and amenities. Understanding what condo fees are, how they're calculated, and their impact on ownership costs is crucial for both prospective Calgary condo buyers and current owners.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Condo Fees at a Glance

• Condo fees are mandatory monthly payments for owners
• Condo fees cover maintenance and common area upkeep
• Fees are calculated based on unit size, building type, and available amenities
• Contributions support a reserve

You may think that homes with more bedrooms always sell for more than homes with fewer bedrooms, but adding an extra bedroom to your house isn't always a straightforward decision. After all, an extra bedroom doesn't necessarily mean extra space. Factors like quality construction and adhering to local zoning laws can be essential for maximizing returns. Before committing to an expansion, it's worth exploring the pros and cons to decide if it's one of the best home improvements for you.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How Much Is an Extra Bedroom Worth to You?

• Adding an extra bedroom can increase a home's property value by 10% to 20%.