Everything You Should Know About Buying Vacant Land in Canada
Posted on Aug 12, 2022 in First-Time Buyers
When buying a home in the Canadian real estate market, many commonly assume that the bulk of the cost is for the home, but in reality it, it is the land that the house is built on that is of most value.
The housing market is all about the land since, especially in hyper-dense cities, is ostensibly finite. While Canada is one of the largest countries...
The housing market is all about the land since, especially in hyper-dense cities, is ostensibly finite. While Canada is one of the largest countries...
Property Taxes: What to Expect
Posted on Aug 10, 2022 in Property Tax & Assessment
In Canada, everyone has an opinion about property taxes. Whether city dwellers or rural folk, each side will argue that the other is not paying enough in property taxes, making for a heated and spirited discussion about levies on the residence you worked hard to purchase.
That said, aside from discussions over what the property tax rate should be, t...
That said, aside from discussions over what the property tax rate should be, t...
How to Navigate Multiple Offers – for Buyers AND Sellers
Posted on Aug 02, 2022
Is the pandemic housing boom slowing down? With the Canadian real estate market recording its first price drop in about two years, there is a growing expectation that the country could be on the cusp of a serious correction. But while it could be some time before sales activity returns to pre-crisis levels, many major urban centres and smaller mark...
Key Things to Avoid After Applying for a Mortgage
Posted on Jul 26, 2022 in Mortgages
You’ve assessed your finances and the housing market, and researched the various financial options open to you and your household. Then, you took the leap in applying for a mortgage – quite possibly the most significant money-related decision of your life. Now you play the waiting game.
This waiting period is perhaps one of the hardest parts of the...
This waiting period is perhaps one of the hardest parts of the...
10 Places Where You Can Get a Home for Under $200,000
Posted on Jul 25, 2022 in Market Conditions
The average sales price for a home in the Canadian real estate market is around $740,000. Even when Toronto and Vancouver are removed from the equation, house prices are still more than $600,000. But believe it or not, there are still some places where you can buy a home for under $200,000.
When the down payment, land transfer taxes, and the plethor...
When the down payment, land transfer taxes, and the plethor...
How Do Mortgage Brokers Get Paid in Canada?
Posted on Jul 22, 2022 in Mortgages
When purchasing a home, one of the first steps is finding out just how much mortgage you can afford. The mortgage amount is determined on several factors, such as how much debt you carry, what your income level and if you pass the mortgage stress test. Prospective buyers often consult with a number of lenders to find the best mortgage rate availabl...
