The process of searching for the perfect home can be both exciting and challenging. While you most likely have a fairly good idea of the things that are most important for you in choosing the right home, it may help to document them. Create a list of items and separate them into two buckets— “must-have” things that you can’t do without and “nice-to...
When you hear “condominiums: your first image may be of a luxury high rise in a big city. However, a condominium is not a type of building, but a type of property ownership.
You can buy a condo within almost any type of residential structure. When you do, you purchase a “unit”, which consists of all the areas within the finished walls of your space...
The Canadian housing market is on the rise, and while conditions for buying a home have improved, there are still numerous misconceptions. To help combat the misconceptions, we have listed the 5 most common home-buying questions with answers below:
1.Is right now the best time to buy a home?
2.What type of home is right for me? What’s the differe...
Calculate how much you can afford to spend on housing each month without putting your financial health at risk. These two simple rules will show you what you can afford to pay for a home. Understanding these rules can also help you when it’s time to get approved for a mortgage.
Affordability rule 1: As a rule, your monthly housing costs should be n...
The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens.The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers:·5% or 10% for a first-time buyer’s purchase of a newly constructed home·5% for a first...
