BEAT THE 2018 MORTGAGE RULE CHANGE

Immediate Possession Homes

The new mortgage stress test, which comes into effect on January 1, will make it harder for most buyers to purchase a home.

1. Why? From January 1, all homebuyers will be tested against a higher minimum qualifying rate – even with a down payment of 20 per cent or more.

2. How can you avoid this? Buy and close on an immediate possession home in 2017 (before January 1), and the current rules still apply.

3. What’s going on? On October 17, the Office of the Superintendent of Financial Institutions announced a new qualifying rate for homebuyers with a down payment of 20 per cent or more. The rate extends existing rules that apply to homebuyers with a deposit of less than 20 per cent, and takes effect on January 1.

4. What is the new test? Buyers must meet a minimum qualifying interest rate equal to the Bank of Canada’s five-year benchmark rate (4.89 per cent), or the rate they sign up for plus two percentage points – whichever is higher.

The rules effectively reduce the size of the mortgage a person can take on, with a given down payment and income.

5. Why is this happening? The Government has acted to dampen activity and housing prices in Canada’s two hottest markets, Ontario and Vancouver, commentators believe.

If you’re in the market to buy a home in 2018, consider buying your new home NOW to get what you want.

Slokker Homes has immediate possession homes available in:

Contact one of our Area Sales Managers listed to discuss your needs.

#ILoveAirdrie PHOTO CONTEST - OPEN NOW

airdrie photo contest

ENTER TO WIN!

Share the best photos you’ve taken in and around Airdrie, and you could win up to $200!

Five winners of the #ILoveAirdrie contest will share $600 in prize money and have their work and name featured in a gallery wall in our Canals Townhomes in Bayside in November. 

Amateur, professional? Street-side, country life? Artistic or realistic? We want to celebrate the magic of Airdrie – and share Airdrie life with visitors to our Canals show home, so please enter! 

The contest rules:

1) On Instagram, post an original photo taken by you, in or around Airdrie

2) Include #ILoveAirdrie and #canalstownhomes in your photo caption

3) Follow @slokkerhomes on Instagram or Facebook

4) Save a high-resolution image of your photo

Contest closes: Sunday, October 29, 2017 at 12 midnight. 

We will contact winners to obtain a high-resolution file to print and hang. You will retain copyright in your image. We will reprint your image once only and will not redistribute. We may re-share your image on social media, crediting your work.

If you have any questions, please email us at photo@canalstownhomes.com

Thanks for taking part and good luck!

Slokker Homes

For more information on our Canals Townhomes show home opening see our blog post below.

Showhome Grand Opening Party - November 4

PARTY TIME!

PARTY TIME!

Our brand new showhomes at Canals Townhomes are opening on Saturday, November 4 – and we'd love to celebrate with you.

Please join us between 12 and 5 p.m. for the party and check out our newest Slokker-built homes, beautifully decorated by award-winning interior designers Porada Design.

Priced from the $260,000s including GST, these homes come with a choice of two or three bedrooms – and many upgrades included. The townhomes range from 1214 to 1316 sq ft.

The party details

Please join us. You'll find:

  •  Pizza treats from Avatara Pizza
  •  Doughnuts from the Jelly Modern food truck
  •  Face painting
  • A craft table for the kids
  • A contest to win a $200 CrossIron Mills gift card. (Identify the work of one local artist displayed inside the showhome to enter the draw! We will help you :))

Why are Canals Townhomes so awesome?

Canals Townhomes offers community gardens, a treed plaza, a picnic area, and playground. The development backs onto 6 kilometres of waterways and more than 8 kilometres of paved canal-side pathways. So you can get away from it all every day -- safely run, walk or bike on paths away from the bustle. All this in the heart of Airdrie, and walking distance to conveniences.

Why is the Canals/Bayside area in Airdrie so appealing?

Canals and Bayside, in the heart of Airdrie, are filled with high-end homes and enjoy convenience and nature on their doorstep. Canals Townhomes offers buyers an affordable opportunity to own in these great communities.

So please join us on Saturday, November 4 and check out our new townhomes development!

EVENT DETAILS

WHERE: Canals Townhomes, Channelside Drive (corner with 8th Street in Airdrie) 

WHEN: November 4, from Noon to 5 p.m.

WHAT: Show Home Grand Opening Party for Canals Townhomes

WANT TO LIVE AT CANALS?

Register to learn more about Canals or contact Area Sales Manager Jody Dolemo on 403-608-9827.

We're OPEN! VISIT OUR NEW HOME SALES CENTRE in airdrie

airdrie new homes sale centre now open

The Canals Townhomes presentation centre will open Friday, March 31 from noon to 3 p.m. Please drop by and say hi.

The presentation centre on Channelside Drive in Airdrie will open weekends from noon to 5 p.m. and weekdays from 2 p.m. to 8 p.m., with a day off on Fridays. We can't wait to share this exciting project with you!

We have started the first building and plan to open our showhome in October. First possessions are expected in early fall. Backing directly onto Airdrie's one-of-a-kind canals and pathway system, we expect these townhomes to sell fast. Please call Jody for more information.