When it comes to buying a home or renegotiating your mortgage come renewal time, you have a couple of options. You can visit the bank that currently holds your mortgage, speak with a mortgage specialist and choose the rate and term that works best for you, or, you can visit a mortgage broker, who will…… Continue reading Mortgage options
Getting pre-approved for a mortgage is a great first step in buying a new home. Meeting with your bank or broker first will help you identify what you can afford and keep your search within your means. But sometimes even a pre-approved mortgage will fall through. Your mortgage approval is based on your current income…… Continue reading Pre-approval isn’t cast in stone
Being a new homeowner has its share of expenses. In addition to your mortgage, insurance and utility costs, there is a host of other weekly, monthly and annual expenditures that you will need to factor into your budget in order to stay on track during your first year in a new home. Take a look…… Continue reading Simple ways for new homeowners to control their expenses
Condominium maintenance fees are a monthly charge the owner of a unit must pay to cover the costs of items such as building insurance, upkeep, repairs to common areas including the grounds, the heating and cooling system, water and sewer pipes and property taxes. A portion of those monthly fees are also set aside and…… Continue reading
According to statistics recently released by The Canadian Real Estate Association (CREA), the number of newly listed homes edged up a further 0.3% in May following April’s jump of almost 10%. Sales, on the other hand, were down considerably in May (by about 25% in the GTA) causing the national sales-to-new listings ratio to move…… Continue reading CREA reports a balanced market for first time since late 2015
While interest rates remain low, there have been a few changes in recent months and some even bigger changes in recent years that have made purchasing a home tougher for first-time buyers. Prices across most of the country are on the rise and housing stock is low in many areas, creating a fast-paced, red-hot real…… Continue reading First-timers: Are you ready to buy?
Cut down on your household expenses and put your savings to better use with these tips: The small stuff adds up. Turn the lights off when you leave a room and skip the daily coffee run, trip to the vending machine and lottery ticket booth. Make a shopping list before you go to the grocery…… Continue reading Put more money in your pocket with these little tips!