Found 7 blog entries tagged as insurance.

down payment on a house

When you’re in the market for a new home, one of the most important questions you’ll need to answer is how much you can afford to put down as a down payment. In Canada, the amount of a down payment can vary greatly depending on the type of home you’re buying, the size of the mortgage you take out, and other factors. Knowing how much is required for the down payment on a house can help determine if you’re financially prepared for the purchase.

How Much You Need for a Down Payment on a Home?

  • Down payment vs. deposit
  • Calculating your minimum down payment
  • Saving for a down payment

Saving for a down payment has become challenging for many Canadians. Rising housing prices are putting some homebuyers in a tough…

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Real estate is one of the most profitable investments you can make. With a steady stream of income and long-term capital appreciation, investing in real estate can be an excellent way to diversify your portfolio and build wealth. In this article, we'll explore some of the key benefits of investing in real estate and why now may be the perfect time to get started.

Investing in real estate can be daunting, but with careful preparation and research, it can yield a significant income. Real estate is an asset class that has shown tremendous potential for generating significant returns. Before investing, it's important to figure out your goal and determine how much risk you're able to take. Researching the local market conditions is also essential in…

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Mother Nature can be unpredictable. Some storms can be intense, with strong winds and heavy rains causing instant and noticeable damage. Other times, storms may be less intense, but still cause damage you might not even think to check for, which can ultimately cause bigger problems later down the road.

It’s difficult to predict how strong a storm will be when it hits,t or how much damage will be caused, so it’s best to beprepared. Here are some of the most common signs of storm damage on homes, so you know what to look for next time your area is hit by severe weather.

Image via Pixabay

What are the most common damages after storms? 

Thunderstorms, hail, blizzards, ice storms, high winds, and heavy rain can develop quickly, with the extent of…

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How Does Your Credit Score Affect Your Mortgage Interest Rate

It takes credit to build credit ­– most of us have heard this at some point in our early years of adulthood. Some of us heard it when we got our first credit card; others when they went to apply for a loan of some type and realized they didn’t have a credit score. The crux is that while it takes credit to build credit, it also takes credit to destroy credit. So, what exactly is “credit” when it comes to finances, and how does your credit score affect your mortgage interest rate?

Credit is essentially a numbering system that gauges how likely you are to repay borrowed money. The higher your score, the ‘safer’ you seem to lenders, and the lower your score, the ‘riskier’ you are.

The first step to building your credit is to…

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On the surface, tiny homes offer a practical solution to a rising problem among many who want to own a home but can’t get their foot in the door: rising prices. According to the Canadian Real Estate Association, the average Canadian house price has surpassed the $800,000 mark; however, a tiny home can be purchased or built for less than $200,000. People who live in tiny homes are committed to living minimally, which helps reduce costs and their carbon footprint. A tiny home may not be for everyone, so here are the basics of living in 400 square feet or less:

What Are Tiny Homes?

According to a 2017 report by Statista Research Department, the average size of a Canadian home is 1,792 square feet, ranking third after the United States and Australia…

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If you’re starting a business and need commercial space or if you’ve outgrown the space you are in, then it’s critical that you consider several factors before you sign your lease.

Key Lease Clauses

First of all, give careful thought to how long you think the new premises will meet your business needs. You don’t want to be saddled with a lease that’s too long if you think you’ll need more space in a few years. For the same token, you don’t want a lease that is too short because once it has expired, the landlord is under no obligation to renew it. Pay careful attention as well to any clauses relating to extending or renewing the lease beyond the initial term.

Also look for a lease that allows you to sublease or assign…

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Buying a home is one of the biggest purchases you will make in your lifetime. While the initial purchase of a home is a big cost, it is important to keep in mind the expected – and unexpected – costs of owning a home. From maintenance fixes and utilities, to insurance and emergency costs, it is important to be aware of the hidden costs of home ownership that might not always be obvious.

Take a look at these hidden costs of owning a home that you might not be aware of.

Courtesy: remax.ca

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