How Much You Can Afford When Applying For A Mortgage
In Canada, the minimum down payment requirements can impact how much you can afford when applying for a mortgage. These rules dictate that the minimum down payment must be:
5% of the purchase price for homes up to $500,000
10% of the purchase price for any amount between $500,000 and $1 million
20% of the purchase price for homes over $1 million.
For example, if you have saved $15,000 for a down payment, the maximum home price you can afford would be $300,000 ($15,000 divided by 5%). However, if your down payment was $30,000, your maximum affordability would increase to $550,000. You can use our mortgage affordability calculator to run the numbers yourself and determine what price range would be suitable for your budget. However, some lenders may require a higher down payment depending on your credit score, employment history, and other factors. It's important to speak with a mortgage lender (I can help with this)to get a more accurate estimate of your down payment requirements.(Loanscanada.ca)
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Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.
When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!
Opportunity to own the most distinguished estate in coveted Aspen Heights. This exceptional majestic estate blends modern elegance with architectural grandeur, boasting soaring ceilings and sophisticated interior design. Resting on nearly one acre of lush grounds, it stands as the largest and only gated property in Aspen Heights, promising unparalleled exclusivity, security, and privacy. Spanning over 14,000 sq. ft. of luxurious living space, the residence features 5 bedrooms, carriage house, full-sized elevator and heated, oversized double and triple garages - accommodating 5 vehicles with additional gated parking. The stunning foyer, flanked by sweeping cantilevered stairwells, leads into the grand parlour, adorned with extensive wainscotting, floor-to-ceiling windows, and a dazzling Swarovski crystal chandelier. A central hallway with white marble flooring exudes opulence, guiding you to the lavish essentials and grand entertaining spaces of both the west and east wings. This home redefines luxury living, offering a floor plan designed primarily for everyday living, entertaining, and relaxation. Highlights include a 2-storey study, library, fitness room, multiple lounging areas, formal and casual dining rooms, gourmet kitchen with extensive butler's pantry, wine wall, home theatre & lounge, sports lounge & games room with full bar to watch the game and decadent spa facilities including a lounge, dry sauna, steam room, soaker tub and massage room. The primary retreat, occupying the entire upper west wing, resembles a 5-star hotel suite, featuring a dramatic rundle stone fireplace, celebrity-style dressing room, lounge area, decadent ensuite and stunning west mountain views. Upper bedrooms two and three offer spaciousness, walk-in closets, built-in desks, and a luxurious Jack and Jill bathroom, while a media lounge provides a space just for the children. The fourth bedroom, located above the attached garage, is ideal for a nanny or guest, with a separate entrance off the mudroom. The elegant rundle stone facade is complemented by majestic stone and wrought iron fence and gate, accentuated by stunning exterior lighting. Superior construction includes reinforced foundation walls, expansive covered back terrace, hidden eavestroughs, metal and wood clad windows, and a rubber slate tile roof with copper accents. The expansive yard has potential to add a pool or skating rink for the ultimate resort lifestyle. Perfectly situated on Calgary's upscale west side, surrounded by top private schools, shopping, amenities, restaurants and just 20 minutes to downtown, 30 minutes to the airport, easy access to the new ring road and west to the mountains. You have arrived.
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,249,000
Min list price:
$389,989
Max list price:
$7,900,000
Avg days on market:
35
Min days on market:
5
Max days on market:
258
Avg price per sq.ft.:
$500.38
These statistics are generated based on the current listing's property type
and located in
Aspen Woods. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.