Mortgage rules to change in March

This is a long overdue post mostly because I have been so busy showing Saskatoon homes for sale due to the change that I have not had time to write about it! I have also been busy showing houses for sale around Saskatoon as there are lots of great new homes for sale in Warman and Martensville.

As of March 18th, 2011 buyers will no longer be able to take advantage of a 35 year amortization period for their mortgage. This has meant an increase in Saskatoon first time home buyers and busy times for Saskatoon real estate agents.

While some people are opting to wait, there are others who will wait themselves out of being able to get into the Saskatoon real estate market. The Saskatoon real estate market is not so busy right now that we are seeing many competing offers, but it has certainly occurred when a great property comes up.

If you haven’t already done so, get down to see a Saskatoon mortgage broker so that you can take advantage of this. The mortgage rates are still low so it is a win-win for first time buyers in Saskatoon. There is still a lot of great product out there as well as plenty of new homes for sale in Saskatoon that a first time buyer can build sweat equity with.

If you don’t already have a Saskatoon real estate agent or you are not happy with the level of service from your Saskatoon realtor(r) give me a call and I would be happy to help you, whether you are buying a house for sale in Saskatoon or looking to put your Saskatoon house for sale I am here to be of service.

Kari Calder
Century 21 Conexus
Saskatoon
653-8222

Leave a Reply

You must be logged in to post a comment.