Community
This community is one of the most expensive in the city, and is one of Calgary's oldest neighborhoods, being established in 1910.
Parkhill or Stanley Park?
APR
Annual Percentage Rate
Originally known as Camp Sarcee in 1915, this park opened on November 3, 1991 and was built to commemorate World War 1.
Battalion Park
Homebuyers would be wise to factor in the money they’ll need beyond a down payment. These additional fees and expenses, which can be anywhere from 2% to 5% of the home loan, are collectively referred to as what?
Closing Costs
BRZ
What is Business Revitalization Zone?
DAILY DOUBLE
This community has been relocated 3 times, and now resides on the South side of the Bow River(on both the East and West sides of Center Street).
China Town
This happens if a homeowner doesn’t make a mortgage payment (usually, for more than 90 days).
Foreclosure
Enjoy an annual 'Movie in the Park' night - a fundraiser administered by this Community Association.
Elbow Park
DAILY DOUBLE
When an owner sells a house for less than the mortgage with the approval of the lender, that's what kind of sale?
Short Sale
R-MH
Residential designation for Mobile Home Parks
This perspective community boasts the largest population of over 25k residents.
Panorama Hills
This ratio is the mortgage loan balance divided by the home’s value.
LTV or Loan to Value
This parks boasts several amenities: cricket pitch, wading pool and the Senator Patrick Burns Memorial Rock Garden and rests at the bottom of hill by SAIT.
Riley Park
A form of second trust that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as "swing loan."
Bridge Loan
R-G
Low Density Mixed Housing
This community is known for its Mid Century Modern style with a focus on sustainable living.
Southwood
PITI
Principal, interest, taxes, and insurance, and refers to the sum of each of these charges, typically quoted on a monthly basis.
DAILY DOUBLE
This parks grounds were modelled after a formal Victorian garden featuring geometric pathways, elaborate garden beds, and rows of imported and native trees. In 1912 the park was completed and considered a civic showcase.
Central Memorial Park
A clause in a mortgage that obligates or restricts the borrower and that, if violated, can result in foreclosure.
Covenant
DAILY DOUBLE
M-H2
Multi Residential High Density Medium Rise District
This regal community used to be a large farm, owned by Ezra Riley.
Kensington
PUD
Planned Unit Development
This urban oasis in the heart of Calgary that offers one hectare of botanical gardens including over 500 trees, 50 varieties of plants, a 900 sq. ft. living wall, fountains, fish ponds and a playground to climb and explore.
Devonian Gardens
This the financial difference between the fair market value of the property and the amount still owed on its mortgage.
Equity
DC
A customized land use designation.