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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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!

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NEXT Open House details
Sep 22, 2024 12:00 PM - 02:00 PM MDT

2066 Windbury Crescent SW
Windsong Airdrie T4B 5L1

$759,900
Residential beds: 3 baths: 3.0 2,324 sq. ft. built: 2023

Main Photo: 2066 Windbury Crescent SW: Airdrie Detached for sale : MLS®# A2164915
Photo 1: 2066 Windbury Crescent SW: Airdrie Detached for sale : MLS®# A2164915
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Open House - Sep 22, 2024
12:00 PM - 02:00 PM MDT
NOTES: Open House on Sunday, September 22, 2024 12:00PM - 2:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2164915
Bedrooms:
3
Bathrooms:
3
Year Built:
2023
Discover the perfect home for your family! This stunning detached property offers 3 spacious bedrooms and 2.5 bathrooms across 2324 square feet of luxurious living space. The amazing floor plan, combined with high ceilings and a fireplace, creates an inviting atmosphere ideal for entertaining. Step into the gourmet kitchen, designed to make every meal a delight, and enjoy the seamless connection to the family room, which opens up to below, enhancing the feeling of spaciousness. The upper level features a stunning primary bedroom with a spa-like 5 pc en-suite and walk-in closet, 2 additional bedrooms and 4 pc bath. Located in one of the most desirable communities in Airdrie. A family-oriented community, this home is surrounded by schools, parks, playgrounds, and walking paths, making it a haven for families. The easy commute and beautiful curb appeal add even more convenience and charm to this fantastic listing. Don’t miss your opportunity to own this stunning home – schedule a viewing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,324 sq. ft.
Main Level Finished Area:
1,004 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,842 sq. ft.
Lot Frontage:
36'1"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2211511
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Windsong
Dishwasher, Gas Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
18'8" × 15'
Main Floor
Kitchen
14'9" × 14'9"
Main Floor
Dining Room
14'9" × 7'11"
2nd Floor
Family Room
19'6" × 15'11"
3rd Floor
Laundry
7'11" × 5'6"
3rd Floor
Bedroom - Primary
16'9" × 12'1"
3rd Floor
Bedroom
11'6" × 10'9"
3rd Floor
Bedroom
11'4" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2'11" x 7'3"
3rd Floor
Yes
5
10'2" x 13'9"
3rd Floor
No
4
7'1" x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s), Deck
Lot Features:
Back Yard, Few Trees, Front Yard, Level, Street Lighting
Num. of Parcels:
0
Fencing:
Partial
Region:
Airdrie
Zoning:
R1-U
Listed Date:
Sep 10, 2024
Days on Mkt:
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Virtual Tour

Listed by eXp Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
351
Avg list price:
$599,900
Min list price:
$244,000
Max list price:
$3,299,000
Avg days on market:
24
Min days on market:
1
Max days on market:
333
Avg price per sq.ft.:
$365.85
These statistics are generated based on the current listing's property type and located in Airdrie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706