New Mortgage Option: A Win or Worry for Calgarians?

Here is one that caught our eye on the Calgary Herald! Canada is introducing a fresh twist to mortgages with the Home Equity Sharing Agreement, a concept inspired from abroad. This could be a game-changer for those looking to enter Calgary’s competitive housing market. It offers an easier entry with shared risks—and possible costly fine print. Given Calgary’s robust real estate activity, understanding this option is crucial. Home prices have been soaring, making this offer attractive—a way in for many who might otherwise be left out. However, it’s important to weigh the benefits against the potential costs. With 2025 marking a peak in housing prices—up 10% from the previous year—Calgarians need to consider this carefully. Mortgage innovations don’t come often in Canada, so when they do, it’s worth taking a closer look. As our city grows, so do the financial opportunities and challenges faced by Calgarians eager to invest in their own home.

Get more info on this story at the source: https://calgaryherald.com/real-estate/mortgages/canadas-newest-mortgage-alternative?itm_source=real-estate. Stay informed and make the right choice for your future!