From OverseaPropertyMall.com: The world’s most expensive home is complete. The $1 billion, 27 storey tower block in Mumbai is the home of Mukesh Ambani — the richest man in India and the fourth richest man in the world –, his wife and their 3 children.

It is difficult to know what to call it. It is far too big and grand to call it a house, the fact that it has more floor space than the palace of Versailles and 600 staff would ordinarily make it a castle, or Mansion, but can you call a sky scraper a mansion?

Whatever you call it, the building is a physical representation of emerging markets taking over the world in terms of money and power, which is also what it screams (money and power) from the top of its 173 meter high walls: an asymmetric stack of glass, steel and tiles with a four-storey hanging garden and solid gold chandeliers hanging from the ball room ceiling.

As well as having a health club with a gym and dance studio, at least one swimming pool, a ballroom, guestrooms, 9 elevators, a variety of lounges and a 50-seater cinema, the tower also has 3 helipads on the roof, and a parking garage with capacity for 160 cars in the lower floors.

The family quarters are understandably on the top floors, where they enjoy an incredible view across Mumbai and the Arabian Sea. Experts say there is no other private property of comparable size and prominence in the world.

Read more: http://www.overseaspropertymall.com/property-type/billionaire-homes/1-billion-antilia-mumbai-the-worlds-most-expensive-house-completed/ 

ATTENTION Canadians

New mortgage rules go into effect today! Changes to amortization, debt ratio, HELOC's and more....

"Starting Monday, lenders can only issue home equity loans up to a maximum of 80% of a property’s value — down from 85%.

The maximum amortization period also drops to 25 years from 30 years — giving borrowers less time to repay the debt in full.

In addition, the federal government is capping the maximum debt ratios for households and limiting government insurance to mortgages on homes with a purchase price of less than $1-million."

Read more: 

http://www.canada.com/business/Mortgage+rules+change+today+about+half+Canadians+know/6904887/story.html

http://www.cbc.ca/news/canada/british-columbia/story/2012/07/06/bc-mortgage-deadline.html

Is there a perfect time to sell your house? The short answer is: yes - whenever you're ready!

Market "timing" isn't the only factor that influences how quickly your house will sell or for how much. The preparations you make before listing your house on the market will also have a big impact on your success.

Consider these questions: How well is your house staged? Is it in a good state of repair? Is it priced correctly based on local market conditions? Is it listed and promoted so that all other realtors and their clients understand the advantages your house and neighbourhood have to offer?

Sure, there are peaks and slower cycles throughout the year. In addition, there are economic periods when the real estate market is either heating up or cooling down. But you don't have any control over those factors. Plus, you can never accurately predict exactly where the market is within each cycle.

What you can control is how well you prepare your house for sale and how well you position it's price against the competition so that it's desirable to as many potential buyers as possible.

So when is the best time to sell your house? When you want or need to sell it.

Want to find out how much your house will sell for in today's market? Call The Jay Magnussen Real Estate Team at 403-650-7332, email us, or tweet us your questions.

Come one, come all. Join us for a Stampede Breakfast plus kids activities, live music, prizes & more! 

WHAT: Remax First Stampede Breakfast

WHEN: Thursday, July 12 from 8 am - 11 am

WHERE: Remax First office (9625 McLeod Trail South)

Hope to see you there!!!