Found 4 blog entries tagged as homebuyer.


  1. Figure out how much you can afford to spend on a home, including mortgage payments, property taxes, and insurance.

  2. This will give you an idea of how much you can borrow and help you narrow down your search for a home.

  3. A good agent can help you find the right home, negotiate the price, and guide you through the buying process.

  4. Consider factors such as proximity to work, schools, and amenities, as well as the overall safety and desirability of the neighborhood.

  5. Before closing the deal, have a professional inspector examine the property to ensure there are no major issues that could cost you later on.

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Buying a House on a Single Income

Through the 21st century, the number of Canadians buying a home on a single income is steadily growing as more remain unmarried. Since single mortgage applicants rely on only one salary and one credit profile, it can be trickier to obtain a mortgage. However, there are many instances in which buying a house on a single income is the best thing to do, and it is possible to get a mortgage if you plan ahead and ensure that you are in a good financial position.

When Buying a House on a Single Income Makes Sense

There is no “right” time to buy a house, and it can be even more nerve-wracking to purchase a home on a single income. However, there are times when buying a place on a single income does make sense.

If you are…

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What size of mortgage can I afford

When purchasing a house, most people need a loan be able to afford the home. These loans are called mortgages. A mortgage is a legal agreement where a bank or other lender loans money and charges interest in exchange for taking the title of the borrower’s property. Upon repayment of the debt, the borrower owns the property.

In Canada, to purchase a home, the buyer must first save up a down payment for the home. The minimum amount required is five per cent of the purchase price up to $500,000; 10 per cent of the portion between $500,000 and $999,999; and 20 per cent for the amount above $1,000,000. As well, if the down payment is less than 20 per cent of the purchase price, the buyer must also purchase mortgage loan…

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Canadian real estate and vaccine passports

Canadian real estate experienced a spike in interest and activity during the last 18 months, despite COVID-19 – or, as some might have it, due to it. The moratorium on travel, the rise in remote working and learning, lockdowns and general economic uncertainty have prompted many Canadians to set their sights on the Canadian housing market as a safe place to spend their time and invest their money. As with most social and many transactional activities, home hunting took a digital turn, with virtual tours and digital paperwork allowing for safe, “touchless” transactions. Now, as life slowly returns to some version of its formal self, you may have noticed “open house” signs popping up again, leaving many wondering about…

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