Calgary is one of the largest cities in Western Canada, and among the nation’s most important economic drivers. Located in the foothills of the Rocky Mountains, the city is popular among locals and newcomers alike for its outdoor lifestyle opportunities, as well as being a business centre, with many oil and gas companies headquartered there. Calgary real estate has also historically been more affordable than in other major Canadian city centres.
If you’re looking to get a new mortgage in Calgary or it’s time to renew your current mortgage, comparing mortgages should be a high priority. Taking the time to get a mortgage with a great rate and features that suit your lifestyle is a good investment, and will pay off for years to come.
The best thing you can do to get access to the best mortgage rates in Calgary is to compare the offers from multiple banks and brokerages. The comparison tables above are a great source of information, as they contain the most up to date rates from Calgary’s leading lenders.
It’s important to remember that the rate you end up with could be different from the rates in the tables above. This could be because you don’t qualify for the best available rate, or because you might need a more specialized product. Factors like your down payment, mortgage type, home type, and credit score can all impact your final mortgage rate.
To learn more about the rates you’re likely to be offered, it’s a good idea to get quotes from us. You can do this in one quick and easy step, by clicking “Start Application” button on this page.
There is a national rebate available for the GST charged on some new buildings that you can use in Calgary. For new homes up to $350,000 in value, you can claim 36% of the GST. For homes between $350,000 and $450,000, there are partial rebates available.
There are no first-time home buyer programs specific to Calgary. This is because most provincial first-time home buyer programs come in the form of land transfer tax rebates, but Calgary has no land transfer tax.
That said, new homebuyers in Calgary are still eligible for federal first-time home buyers’ programs.
To learn more about how you can qualify for a Calgary mortgage, click below to book an appointment or start an application. We will try to get you best mortgage rates!
At Bansal Mortgages we have an extensive network of lenders who are willing to take chances even under unfavorable circumstances, such as if you have bad credit score. Depending on your needs, we can offer best mortgage options that include loans and lines of credit.
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