First Time Home Buyer

Buying a house is a huge, complicated decision. Even after saving their money and researching mortgages, homebuyers often forget one key expense: closing costs. During a real estate sale, closing costs are the expenses that are incurred in addition to the base price of the property. This means they are not always covered in a […]

The debate sometimes seems simplistic. On one side are people who love real estate and believe their home is the best investment in the world. On the other stand stock market investors, who encourage young adults to invest in the stock market rather than buy a house. In fact, it’s your financial and personal situation […]

Noah is buying a condo in two weeks. As his closing appointment approaches, is there still time for him to open and contribute to a First Home Savings Account (FHSA)? In theory, there’s no minimum number of days that money must remain in a FHSA before it can be withdrawn, but in practice, things are […]

As house prices stay quite high, many Canadians find it more challenging to save for a mortgage down payment. The Canadian government came up with initiatives to make homeownership more affordable. One way the government decided to tackle the housing crisis is through the First Home Savings Account (FHSA). Who can open a FHSA? The […]

With the Home Buyers Plan (HBP), you can use the funds you’ve accumulated in your Registered Retirement Savings Plan (RRSP) tax-free to purchase your first house. Sounds too good to be true, right? Well, almost. There are conditions and rules involved in using your RRSP to buy a house, but overall it’s a pretty great […]

In Canada, mortgages are a popular way for people to afford their dream homes. However, when it comes to choosing between insured and uninsured mortgages, many Canadians find themselves at a crossroads. Each option has its own advantages and disadvantages, making it crucial for potential homeowners to understand the differences before making a decision. Understanding […]

One of the most expensive purchases most Canadians will ever make is buying a house. Having a mortgage is a huge responsibility and expense. Despite the large sum you’ll pay, there isn’t a money-back guarantee or return policy in the housing market. That’s why it’s so important to get a home inspection.  Since a lot […]

Are you considering owning a house in Canada in 2022? Then you’ll want to read this guide. In this guide we’ll go over all the things you’ll want to do to prepare yourself for homeownership in 2022. There are a lot of things to consider: home insurance, mortgage approval, closing costs, and more . Since […]

Considering the state of Canada’s booming real estate market, you’ll need a mortgage if you wish to purchase property. However, tight budgets and low wages can make it difficult to qualify for a mortgage with a high principal. With a shaky credit score, you’ll have a tough time securing a mortgage, leading to additional financial […]

Buying your own home is an exciting and potentially worthwhile investment, especially considering the rising cost of rental property in most Canadian cities. Buying a home is, for most Canadians, a long-term investment in the future. So, it’s crucial to have a clear understanding of what’s happening in the Canadian real estate market, and what […]

Before you start house-hunting, first you need a mortgage pre-approval. It might sound a little backwards but there’s a reason you need one before you do anything else. Applying for a mortgage pre-approval is like asking your lender to go steady. It’s kind of a big deal. If you want a mortgage lender to swipe […]

Buying your first home is a huge milestone worth being proud of. For many Canadians, owning a home is a big life achievement that comes with many incredible benefits. Homeownership allows you to build home equity, so it’s a great way to build personal wealth. Besides, it gives you the pride that comes with owning […]