Real Estate Blog - home buyer

A Guide to Buying Your First Home

Posted by Infinity Admin on February 25th, 2023

As a first-time homebuyer, navigating the Canadian real estate market can be a daunting task. With fluctuating interest rates and housing prices, it’s essential to do your research and be prepared before making any significant investments. Here’s a guide to help you buy your first home in today’s market.

Determine your budget

Before you start looking for a home, it’s crucial to establish your budget. You should consider your income, debts, and other monthly expenses when determining how much you can afford to spend on a home. Experts suggest that your monthly mortgage payment should not exceed 30% of your income.

Check out our mortgage calculator!

Save for a down payment

Typically, you need a down payment of at least 5% of the…

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Moving Essentials Every Home Buyer Should Pack in ‘Open-First’ Boxes

Posted by Infinity Admin on May 16th, 2022

Whether you’re a first-time home buyer or moving into your fifth house, one thing’s for sure: moving can be an exhausting endeavour. Excitement for your new life ahead can quickly give way to stress and exasperation as your to-do list forever grows. If there’s one thing you can do to prepare for your move and ease your transition, it’s to prepare a box of moving essentials. 

Also known as open-first boxes, these essentials boxes contain  all the crucial items you’re going to need immediately after crossing the threshold of your brand new home. It’s the first thing to be opened and is the key to an easy and successful move.

PRO TIP: Label your essentials box clearly and keep it away from your other moving boxes so it doesn’t accidentally make…

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10 Tips for Getting the Best Mortgage Rate in Canada

Posted by Teri-Lynn Jones on January 31st, 2022

When you purchase a home, a down payment is typically applied to the purchase price, and the balance is to be paid off over your term of the mortgage. The loan you receive from a lender in order to pay for the house is called a mortgage.

Simply put, a mortgage is a legal and binding agreement between a lender and a borrower for a specific amount of money that must be paid back within a predefined amount of time. The mortgage is a secured loan in that the house you are buying is collateral for the loan. This means that, should you not meet your mortgage repayment obligations, the lender has the right to take the property.

Purchasing a home and taking on a mortgage is a big commitment. In addition to the amount borrowed,…

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