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When you’re the client of a real estate or mortgage professional, they have an obligation to maintain the confidentiality of your personal information (including finances), as well as information about the property or transaction.

Your industry professional can only disclose your personal information to others if you give them permission or it is required by law.

Personal Information

Personal information is any information about an identifiable person. This could include:

Property Information

Property information includes:

Transaction Information

Transaction information includes any information you give to your real estate or mortgage professional through the course of your client relationship. It includes service agreements and communications, such as text messages, email, verbal conversations, etc.

Are there exceptions to confidentiality?

Material Latent Defects

If your property has a material latent defect, you must disclose that to your real estate professional, and your real estate professional must disclose this information to a potential buyer or the buyer’s representative. This disclosure does not require your consent.

If you are not sure if the defect is material or latent, you should discuss this with your real estate representative.

Ability to purchase or lease a property

If you’re in a transaction brokerage agreement, the brokerage must disclose any known material facts relevant to your ability to buy (if you’re a buyer) or lease (if you’re a tenant) to the seller or lessor, as the case may be.

Does your industry professional’s obligation to keep your information confidential, end when the sale is completed?

Even after your transaction is done, your industry professional is still required to keep your information confidential. The requirement to keep your information confidential does not have an expiry date.

Two (2) shops located on 1.53 acres in the North Industrial Park in Stony Plain!! A great industrial area for your business with easy access to both Highway 16 and 16A! Shop size 44’x34′ and 50’x29.5′ and both are heated, insulated and have power, water, sewer and 2pc bathroom! The lot is landscaped with 1 acre gravel base and is fenced on 3 sides. Shop leases are in place as well as tenant land leases for added revenue with plenty of room to build too!

You can find the link at realtor.ca below!

https://www.realtor.ca/Commercial/Industrial/17882441/24-Boulder-BV-Stony-Plain-Alberta-T7Z1V7-North-Business-Park

This gorgeous 2-Story has EVERYTHING you would ever want! Open Bright floor plans, Covered Maintenance free decks! Air Conditioning! In-floor heat is roughed in! HUGE bedrooms with a MASSIVE Master and ALL have walk-in-closets with organizers!!! Laundry on the upper floor! Beautiful hardwood! HUGE Kitchen with LOADS of Cupboards and if that is not enough a huge pantry too! Countertops galore!! Wide hallways! MUD room! Walkout Basement! Big spare bedroom downstairs! The Heated Oversized garage has lots of shelving and HOT & Cold water too! This home is in immaculate condition! Original Owner! Riding stables just a stone throw away! Gaze at the Buffalo & wildlife from your front deck! Sharp head turning Blue & White home!!

You can find the link at realtor.ca below!

https://www.realtor.ca/Residential/Single-Family/17882427/2-52501-Rge-Rd-21-Rural-Parkland-County-Alberta-T7Y2H7-None

This is a beautiful fenced Bungalow on 1.03 acres is located between Spruce Grove and Edmonton. You will love the bright open floorplan with the Kitchen, Living room and Dining area!! Access to the 44’x16′ deck that you will want to hang out on as it boasts a view of your double sided fireplace!! HUGE master bedroom, with a stunning ensuite (wink wink), that also has access to the back deck! Fully finished basement (with in-floor heat) has the plumbing there to have a wet bar, huge family room to watch the playoffs in, exercise area as well as room for a big table for the family to play cards around! Additional 2 big bedrooms and a bathroom for your company! There is not one room that is tiny in this home! You will LOVE the Air Conditioning in the summer!! The oversized 3 car heated/insulated garage also has hot & cold taps!! Paved driveway with RV parking to keep everything neat and tidy!

You can find the link at realtor.ca below!

https://www.realtor.ca/Residential/Single-Family/17877876/5-26314-TWP-RD-532A-RD-Rural-Parkland-County-Alberta-T7X4M1-MorningsideCPAR

Looking for an urban home in an acreage setting! Located 10 minutes from Stony Plain you will love this 2 Storey,4 bedroom home with 1,873 sf. of living space. Everything is finished!! You are then greeted with a spacious entry and regal staircase, on the main level where there is flex room & great room with wood burning insert fireplace, perfect for entertaining, all open to the amazing bright south facing kitchen with plenty of cupboards, & counter space, walk in pantry with bright south facing windows & 9 foot ceilings. There are patio doors leading to the newer maintenance free deck & hot tub and private rear yard. Upstairs there are 3 ample size bedrooms all with walk in closets, the large master has a private 5 piece ensuite with jetted corner tub. There is main floor laundry, and a 2 piece bath just of the garage access. The garage is dry-walled, 24 x 24, and offers plenty of storage. The basement is fully finished with 4th bedroom ,den, 3 pc bath and huge rec room. This home is move in ready!

You can find the link at realtor.ca below!

https://www.realtor.ca/Residential/Single-Family/17877872/43-2228-PARKLAND-DR-Rural-Parkland-County-Alberta-T0E0H0-Lake-Country-Prop

Amazing home in a great location in the Manors of Willow Park. You will love this beautiful 1,199 sf. home in an 18+ bungalow condo complex. This is a well cared for condo, with 2 bedrooms up and 3 bathrooms, WITH $75.00 CONDO FEES. Amazing kitchen with gleaming maple cupboards, granite counter tops and stainless steel appliances. Lovely master bedroom complete with a 3 piece en-suite , walk in closet and the master bedroom also has access to the rear deck which looks over the rear yard. The basement is mostly finished, all that you need to do is choose the flooring you’d like! The basement features a family room, office/den which could be a potential 3rd bedroom, 3 piece bathroom, hobby room, and storage room. There is main floor laundry for your convenience, complete with a front load washer and dryer, as well as cabinets for storage. Located in a dead end of a great condo complex.

You can find the link at realtor.ca below!

https://www.realtor.ca/Residential/Single-Family/17877733/24-Willow-Wood-CO-Stony-Plain-Alberta-T7Z0E4-Willow-ParkSTPL

From the beginning of your home search, particularly as a first-time buyer, you probably realize you’re going to need a mortgage to make your home ownership dream a reality. Do you know what documents you’ll need to provide to the lender? Do you know how the lender will determine how much mortgage you can afford?

Mortgage Pre-qualification
Your mortgage broker has tools to help you in your home search. Before you go house shopping, you want to know how much of a mortgage your income will support, and what affect your current debt load will have on a possible mortgage amount. You can find this out by getting a mortgage prequalification.

• A mortgage prequalification is tentative approval from a lender for a mortgage based on your qualifications (i.e. income, down payment amount) made in advance of a real estate purchase. The prequalification will provide you with the information needed to know how much of a mortgage you will likely be approved for; it’ll help you ensure you’re shopping for homes you can afford.

A prequalification is not the same as receiving approval for a mortgage; it is not a guarantee a lender will enter into a mortgage contract with you. Once you make an offer to buy a property, you will formally apply for a mortgage, and you will have to submit supporting documentation that confirms your financial position. A lender might choose not to approve you for a mortgage after it more closely assesses you and/or the property.

After you choose either a bank financial specialist or a mortgage broker to work with, get your paperwork in order. You may need to have certain documents available when you seek a mortgage prequalification, and you will definitely need them when you apply for the mortgage – these include:

• proof of employment (for example, a letter from your employer)
• most recent Canada Revenue Agency Notice of Assessment
• confirmation of income (for example, pay stubs or a T4)
• gift letter (if you’re using a gift as your down payment)

Lenders will review these documents, along with other items such as your credit report, in order to determine how much of a mortgage you can afford. They will also review a couple of key calculations to make that determination:

Gross Debt Service (GDS) Ratio: Lenders use a borrower’s GDS to determine whether the borrower has an acceptable debt level. Your GDS is the percentage of your gross monthly income required to cover payments associated with housing. Payments include mortgage principal, interest, property taxes, heating, and half of your condominium fees (if applicable). Generally, for a lender to consider you for a mortgage, your GDS should be no more than 32% of your gross monthly income.

Total Debt Service (TDS) Ratio: Lenders also review your TDS ratio. Your TDS is the percentage of your gross monthly income needed to cover your monthly debt load, which includes your housing costs, plus all of your other debt payments (car loan or lease, student loans, lines of credits, etc.). Your TDS should not be more than 40% of your gross monthly income.

It is unlikely a lender will approve a mortgage if the mortgage puts your GDS above 32% and your TDS above 40%.

New 1775 square feet bungalow currently in the building process located on 2.27 acres in the Meadows of Rosenthal. Lovely open floor plan and 9′ ceilings throughout main floor. Hardwood & tile floors, granite counters and more. Still have time to choose colors, cupboards, cabinets, counters & flooring!

You can find the link at realtor.ca below!

https://www.realtor.ca/Residential/Single-Family/17861517/Rural-Parkland-County

Looking for a show home acreage!! Here it is, built in 2010, this home is in immaculate condition with 3 &1 bedrooms and 1,500 sf. above grade. Large entry with easy access from the garage with beautiful ornamental stairway, On the main floor the living room is bright with huge windows, and vaulted ceilings with pot lighting and beautiful hardwood flooring throughout the main level. The Kitchen offers plenty of cupboards , corner pantry, lots of counter space, stainless steel appliances and a raised breakfast bar, all overlooking the dining room where there is access to the large east facing deck , where you can enjoy the yard, the view, the hot tub and no rear neighbors. There are two ample sized bedrooms on the main floor and a great master suite a few stairs up over the garage, with large 3 piece ensuite and w/in closet. Enjoy A\C in the summer. The lower level has a large rec room, with fireplace, 4th bedroom and laundry. 24×23 double garage and 24×24 detached shop, & shed all on 1.87 well treed acres.

You can find the link at realtor.ca below!

https://www.realtor.ca/Residential/Single-Family/17856081/22-55109-Hwy-777-Rural-Lac-Ste-Anne-County-Alberta-T0E1V0-Sturgeon-HeightsCLSA

Buying a home can be exciting, but it can also be a challenging and confusing experience. CMHC is providing guidance to Canadians who are considering buying a home with our updated Home-buying Step by Step guide, released today.
The interactive guide seeks to demystify the process of buying a home in Canada. It’s been revised to better reflect the realities of today’s housing market by illustrating how to access financial readiness, providing tools to help prospective home buyers calculate how much they can afford, and incorporating information about next steps, whether these are to make a purchase or make budget changes.
Because the decision to buy a home is a personal one, it’s difficult to offer advice that applies across the board. That is why the guide includes a complementary workbook to help potential homebuyers identify their specific housing needs and plan according to their budget, lifestyle and goals.

Guide Highlights

Guiding principles that help determine how much you can afford to spend on housing without putting your financial health at risk:
– List of the upfront and ongoing costs of home ownership.
– How to prepare for a meeting with a lender or broker, including key documents to bring.
– Definitions of words to know when buying a home.
– Explanation of mortgage basics and tips for managing your mortgage.
-Tips for maintaining your home and protecting your investment.

The complete guide is available for download on the CMHC website. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need and offers objective housing research and information to Canadian Governments, consumers and the housing industry.