Found 3 blog entries tagged as first time homebuyer.

Condos are often attractive to buyers, not only because they can be in a more favourable price range than single family homes, they can provide easier access to amenities and a low-maintenance lifestyle. 

However, these benefits don’t come without a cost. In addition to your mortgage, you’ll need to plan for the maintenance fees, also known as condo fees. This article will look at what condo fees are, when they can be reassessed, and what they mean for your mortgage, specifically related to an apartment-style condominium building.

What are condo fees?

To put it simply, condo fees are monthly contributions made by unit owners to a condo corporation (the organization that runs the condo building). This money is then pooled together and goes…

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As a first-time home buyer, you probably already know you’ll need a chunk of cash for a down payment. But lots of other costs can creep up when it’s time to jump into the real estate market, so it’s a good idea to save up for them and be ready for when the time comes to make an offer. Here’s how one first-time home buyer is navigating this exciting time.

Start budgeting early 

When Montrealer Kelly Wong decided last summer to buy a two-bedroom condo or small home on her own, she knew she had lots of homework to do, including figuring out what she could afford. 

TIP: Using an online tool like our Mortgage Payment Calculator can allow you to see what your mortgage expenses will look like.

Wong also teamed up with Jean-François Gionet,…

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Congratulations! You’re moving into your first place and it’s time to start loading up on essentials. Figuring out the essentials for every room can be a bit overwhelming, so it’s best to take things one room at a time. The kitchen is a great place to start, since you’ll need to be nourished as you get settled in your new place.

From brûlée torches to dish drying racks, what exactly is considered “essential” in the kitchen? With hundreds of gadgets, tools, and appliances on the market it can be hard to make those decisions. Things like dishes and drinkware are the obvious choices, but there are plenty of others you’ll want to have on hand. 

Whether you’re a student moving into residence, or a young adult moving into your first apartment, this…

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