Geoff Antrum &    Matt Antrum Welcome to Search Calgary Homes

Beautiful Alberta – Check out this Video by Outsider

Sun, 18 Feb by Geoff Antrum & Matt Antrum (Father & Son Team)

Check out this Link: if you are moving to Alberta and/or Calgary.

What Are The New Canadian Mortgage Rules?

Wed, 02 Nov by Geoff Antrum & Matt Antrum (Father & Son Team)

What Are The New Mortgage Rules?  As of 17th October 2016.

  1. The government will restrict insurance on mortgages to loans on owner-occupied dwellings with amortization periods less than or equal to 25 years, purchase prices (not loan amounts) of less than $1 million, and for borrowers who meet a minimum credit score standard of 600.
  2. All insured mortgages in Canada (i.e. any mortgage where the borrower puts less than 20% down OR portfolio insured mortgages – i.e bulk insured loans with MORE than 20% down) will be underwritten using posted rates to qualify borrowers based on their income. For perspective, based on today’s rates, that means a borrower that could qualify for a mortgage at a 5-year fixed rate of 2.29% now will have to qualify – as of the 17th of October – at the qualifying rate of 4.64%.
  3. Foreign buyers will need to prove that a home they sell is their primary residence to avoid capital gains tax exemption abuse.

For example, if you have an annual household income of $60,000 and all other variables remain the same, the difference between the old rules and the new rules are a $338,000 home vs. a $272,000 home. Your purchasing power just went down by $66,000.

Another example, a home buyer currently qualified to purchase with 10% down for a mortgage of $527,000. After October 17th, this home buyer would qualify for a $420,000 mortgage. This equates to a 20% drop in buying power. (All things being equal in terms of property taxes, income, debts, etc).

Useful Tip: If you’re a homebuyer and you have a pre-approval, then talk to your mortgage broker because the numbers you qualify for probably just changed. It maybe more difficult for Sellers to find a quailifed Buyer, and it may affect property prices in Alberta, we will have to wait and see.

Some of this information was provided by First Foundation, please check out this link for more information.

Distressed Property in Calgary – Who Should Buy Residential Property with Issues?

Wed, 31 Oct by Geoff Antrum & Matt Antrum (Father & Son Team)

Distressed Property in Calgary – Who Should Buy Residential Property with Issues?

Distressed property in Calgary comes in many varieties & Buyers need to be informed REALTORS® need to give Buyers “Full Disclosure” so they know what the risks are before they make the purchase. Buyers  REALTORS® can only disclose what they know, so the Seller and Listing REALTOR® need to provide as much information as possible. Certain sales are further restricted by sellers that modify the Alberta Residential Purchase Contract that add more risk to the Buyer. Buyers need to be very knowledgeable when they are considering the purchase of a Distressed Home since the risks go up and the price does not always come down to reflect the risk increase. In our experience, the average family Buyer should avoid Distressed Property due to the risks outweighing the gains. Distressed property is best left to the informed Investor who knows the process of buying and selling this type of property.

Distressed Residential Property in Calgary can be categorized as follows (but not limited to):

1) Un-remediated “Grow Operation” Sale: Very High Risk to health & your wallet. Don’t think about this type of sale unless you are very knowledgeable.

2) Remediated “Grow Operation” Sale: High Risk, property may not keep its value when you come to sell.
How do you know it’s fully remediated?

3) Foreclosure Property Sale: High Risk, will have restricted purchase contract & other conditions.

4) Court of Queen’s Bench Sale: High Risk, no conditions, restricted purchase contract, not for the average Buyer.

5) Knock Down Property sale or “Very Old Property”: Moderate risk, buyer needs to understand this type of property & costs to knock down, plus environmental costs, re-zoning, etc.

6) Property going into Foreclosure: Moderate Risk. Could have restricted purchase contract & other conditions. Seller may not be able to close and your deposit could be locked in for a long time, possession may not happen.

7) Murder, suicide, major crime,  major fire, etc. Moderate to high risk.
Buyer need to have full knowledge of the “incident” that happened so they can make an informed decision.
Could affect the re-sale value.

8) Distressed Location Sale & other types of distressed sales. Moderate to high risk.
Perhaps the property is next to Night Club or busy Pub, or next to commercial property, or on a very busy intersection. There can be many location issues that make the present property value and resale value unpredictable.


The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.


Calgary and Edmonton are forecast to be the fastest growing economies in Canada

Wed, 19 Sep by Geoff Antrum & Matt Antrum (Father & Son Team)

Calgary and Edmonton are forecast to be the fastest growing  economies in Canada over the next four years, according to the Conference Board  of Canada’s Metropolitan Outlook-Autumn 2012 released Tuesday.

“Energy-related investment in Alberta is expected to stay vibrant throughout  the next four years. For instance, about $29-billion worth of energy-related  projects are now underway in the province, and nearly $86-billion worth of  projects are proposed for the future,” said Mario Lefebvre, Director, Centre for  Municipal Studies, for the board.

“All this investment will continue to be a boon to Calgary’s economy, which  remains the services hub of the province’s energy sector.”

The board is forecasting Calgary to have the best economic growth in the  country over 2013-2016 at an average of 3.7 per cent followed by Edmonton’s  average annual real GDP growth at 3.5 per cent during the forecast period.

For this year, the board is predicting Edmonton will lead the country with  4.6 per cent growth followed by Calgary at 3.8 per cent.

“Without a doubt, I expect that Alberta is going to be the envy of the  country moving forward into closing out 2012 and into 2013,” said Ben Brunnen,  chief economist with the Calgary Chamber of Commerce. “While the growth will be  the strongest in the country, particularly for our cities, that doesn’t  necessarily mean that we’re in great economic times.

Read more:

Relocating to Calgary Canada

Tue, 26 Jul by Geoff Antrum & Matt Antrum (Father & Son Team)

Relocating to Calgary Canada: For many Canadian families, Relocating is something that cannot be avoided and as we see Alberta merging out of recession as one of Canada’s top economic powers, Calgary Alberta has become a very desirable city of choice. Alberta is expected to lead the country in job creation over 2011-2012 periods. With low interest rates and affordable living it is no wonder why many Canadians all over the country are choosing Calgary as their new home.

As your  REALTORS® we understand moving can be a overwhelming process, but if you stay organized, stick to a schedule, and prepare for the unexpected, you will arrive in your new house more relaxed and ready to set up your new home. CIR REALTY has complied a Relocation Guide that can assist you through the entire beginning to end process. We would be more than happy to share this guide with you. Please click on Contact and request your copy today, or visit
If you are moving from Oversea’s to Calgary please click for more information: Oversea’s Buyer.

The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.