Closing: Understanding your Legal Buyer Obligations
Posted on Jun 19, 2023 in First-Time Buyers
So you’ve made a successful offer to purchase the home of your dreams, or at least have taken that crucial first step toward home ownership. Now what? At this point, typically, there is a bit of a waiting period. Closing periods can take several weeks to a few months, but some essential buyer obligations must happen quickly.
Once your offer has been...
Once your offer has been...
What Qualifies as a First-Time Homebuyer in Canada?
Posted on Jun 16, 2023 in First-Time Buyers
To qualify as a first-time homebuyer in Canada, you must meet the following criteria: you cannot have previously owned a property in Canada or abroad.
However, there are exceptions. It is possible to qualify as a first-time home buyer again after owning a home under the following circumstances:
However, there are exceptions. It is possible to qualify as a first-time home buyer again after owning a home under the following circumstances:
- If you have separated from and no longer live with a spo...
Why Should I Get Pre-Approved for a Mortgage?
Posted on Jun 09, 2023 in Mortgages
You’re shopping for a new home, with the best intentions to take advantage of favourable market conditions. This is one stressor buyers can’t control. Another big one is financing – which is something you can totally take change of. To limit you stress and improve your changes at home-buying success, you should get pre-approved for a mortgage.
To pu...
What Does 'Porting a Mortgage' Mean?
Posted on Jun 02, 2023 in Mortgages
Canada’s mortgage market appears to have stabilized. But do not tell that to the typical Canadians, as recent surveys have revealed that there is still plenty of consternation among homeowners and buyers, be it renewing their mortgages or being approved for a home loan.
This is what happens when interest rates rise to their highest levels since befo...
This is what happens when interest rates rise to their highest levels since befo...
How Do I Know if a Real Estate Agent is Right for Me?
Posted on May 26, 2023 in First-Time Buyers
Buying a home is one of the most complex and important transactions that most of us will ever undertake. As a homebuyer, you get to choose who will represent you throughout the process. When choosing to work with a real estate agent, you expect a professional who has experience in both the market and your preferred neighbourhood, as well as in the...
What Should You Look for when Evaluating a New Neighbourhood?
Posted on May 12, 2023 in Moving & Relocating
It can be tough to find the perfect place to live. Each neighbourhood has its pros and cons, and the definition of an ideal neighbourhood can change depending on your stage in life. Young families may want to live within walking distance of great schools, while single Millennials may be more interested in an area in proximity to work and play in th...
