Creation Communities

“The longer we stay in 5.25%-plus mortgage rate territory, the more the pressure will build,”

Bank of Canada Rate Hike Pushed Many Mortgage Borrowers Above Stress Test: BMO - Better Dwelling Canadian mortgage borrowers weren't stress tested for interest costs at this level, meaning the market is in uncharted waters.

https://dailyhive.com/vancouver/canada-mortgage-rate-forecast-2023?__vfz=medium%3Dsharebar
“Given weakening economic growth, falling gasoline and other commodity prices, and fading effects from pandemic driven supply chain problems, we could see a significant downward trajectory for inflation in 2023, which would provide the Bank with the necessary support to begin lowering its policy rate.”

Canada's average variable mortgage rate expected to peak at 6.35% | Urbanized The average Canadian variable mortgage rate is expected to further rise to 6.35% in the first half of 2023, according to BCREA.

Bank of Canada's recent rate hike may force homebuyers to prove they can pay mortgages with interest rates above 8%.

Mortgage-Qualifying Rate in Canada May Top 8% After Latest Central Bank Hike The Bank of Canada’s most recent rate hike may force homebuyers to prove they can pay mortgages with interest rates above 8%, another headwind for the country’s cooling housing market.

Combination of ongoing economic turmoil and seasonal market trends are keeping many buyers and sellers on the sidelines

Homebuyers, sellers 'waiting and watching' for market to steady | CBC News The Ottawa Real Estate Board says a combination of ongoing economic turmoil and seasonal market trends are keeping many buyers and sellers on the sidelines, resulting in "expectedly low" residential property sales last month.

Show home Sale - ALERT!
The LOTUS II, a 2100sqft 3bed home on a corner lot by Homes by Creation is a winner! The main floor greets you with a spacious living and dining open area followed by a open/den or home office. The upgraded 8'ft doors add to the open feeling and there is French glass pantry door.
The kitchen is the heart of this home and pulls the spaces together seamlessly, offering upgraded and extensive cabinetry, expansive quartz countertops and energy efficient stainless steel appliances. The great room has a stylish gas Fireplace with inbuilt cabinetry, perfect for family & friends to relax & enjoy.
Upstairs features 3br with a spacious bonus room and side by side laundry, and main bath. A spacious master bedroom features 5 pc ensuite bath with his & her sink's, bath tub & stand alone shower with a walk-in closet. Filled with natural spaces to explore from parks and ponds to playgrounds and biking paths. Your search stops here, welcome to your dream home!!
Show home is up for Sell Now Procession TBA. Come check it out today!
See you there!
Shahin Khan
Area Sales Manager
Homes by Creation
1200 Iron Way Landing, Crossfield AB.
Cell 403 465 3948 Email [email protected] www.homesbycreation.com

https://my.matterport.com/show/?brand=1&dh=1>=1&hr=1&m=jsdmhWCegek&mf=0&pin=0&play=1&portal=0&qs=1&ts=0

"Is Canada becoming a nation of renters?"

More people than ever are renting in Canada as dreams of homeownership die Home prices have been rising steadily across the country in recent decades, hitting a point where it now takes the typical young adult roughly 27 y...

Today's new homes offer more benefits than ever before! New homes offer the latest designs, style, comfort and quality. They provide a care-free lifestyle so that you can enjoy your home, not work on it.
Your Dream Home Your Way: Why settle for someone else's choices when you can select your favorite cabinets, countertops, appliances, carpets and flooring? While you're at it, you can choose gorgeous bath and kitchen fixtures, lighting and other options that you love. Your new home will reflect your style, not someone else's taste.
a Floor Plan that Meets Your Needs: Want a bedroom on the first floor? It's yours. With massive his and her's walk-in closets? Done! Want vaulted high ceilings and a luxurious, resort-style master Spa-bath? Perhaps you'd like a sitting room with a fireplace in your owner's suite or French doors that open to your flex room? It's easy, when you build your master suite your way.
New, Under Warranty: Your new home — and the products that comprise it — are brand-new and under warranty. What's the cost to replace a roof, appliances, countertops or a water heater on a used home? Those components of your new home feature the latest designs and building materials and should offer you years of comfort and enjoyment before needing replacement.
and Cost Savings: Today's new homes are far more energy efficient than homes built just five years ago. Versus homes built ten or 20 years ago, it's game over, advantage new. Why settle for drafty, energy-wasting single-pane windows? Many new homes offer double or even triple-pane windows. Special window coatings and inert gases between the layers of glass are often available, saving you more energy and money in both heating and cooling season.
and Indoor Air Quality: Today's new homes meet stringent energy standards and codes not in place in the past. They combine high-performance energy efficiency with state-of-the-art ventilation and air filtration. The result is year-round, draft-free comfort and higher indoor air quality.
Maintenance: Today's new homes have open floor plans and high ceilings that reflect the way we live today. They're also made of cutting-edge building products that require less care and maintenance. Another plus? The latest building systems and components are designed and engineered to work together.
Amenities: Many new homes are built in lavish well planned master communities with great community centers. Many new home communities also feature hiking trails, protected open lands and some of the best new schools and shopping near (or even within) your new home community.
Technology and Design: It's possible to renovate your home with today's high-performance windows. It's also possible to add insulation to a older home. However, it's very expensive to replace dated appliances, cabinets and countertops in a older home — and you still won't have the high ceilings you dream of on the first floor of an older two-story home. All are reasons to build your new home your way, to reflect the way you live today.
: State-of-the-art circuit breakers. Electric garage door openers with remotes. High-efficiency furnaces. Cabinets, carpets and paints that use fewer volatile organic compounds, so that you and your family can breathe easier.
New Home Feel: It's your dream home and it reflects your choices, style and personality. You will create great family memories here. The feeling of owning your dream home is priceless!
Begin your new home search, visit homesbycreation.com today and find your dream home!

Bank of Canada will opt to increase the benchmark rate a quarter (25 basis points) or half point (50 basis points). The answer comes at 10 a.m. Ottawa time on Dec. 7.

Interest rates are going up this week: What you need to know about the Bank of Canada decision The Bank of Canada will hike interest rates on Wednesday, but the question is, will it be by 50 basis points or 25? Find out more.

HOMES BY CREATION BRINGS TOGETHER HOMES WITH HIGH-QUALITY & AFFORDIBILITY, AT IRON LANDING, CROSSFIELD.
NOW SELLING PHASE -4, only 7 lots remaining 80% SOLD
BEST LOCATION – Just 15 mins north of Airdrie – Charming town of Crossfield – ‘Tucked away from City Rush but Close to all City amenities’ – Easy access to highway 2A & Deerfoot – Mins from Veterans & McCaskill Parks!
HURRY !! DON’T MISS OUT!!CALL NOW!!
403 465 3948 Homesbycreation.com