I get the same question all the time, how much do I qualify for? I wish there was a simple answer I could give, it would make my life easier, and lots of clients happier, but unfortunately life isn’t that easy or straight forward.
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The current Liberal government has introduced a new First Time Home Buyer (FTHB) incentive.
This incentive is intended to alleviate some of the strain put on FTHB’s by the increasing cost of real estate in major cities across Canada, as well as to help alleviate some of the impacts from the mortgage guideline changes put in place over the last few years.
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So you have sold your home and purchased a new dream home, but your closing dates aren’t lining up perfectly, so what do you do? You’ll need bridge financing!
You are considering buying a home that needs some work but aren’t sure how to pay for those improvements?
Don’t worry, a mortgage broker can help you get the necessary funding, even with as little as 5% down!
So you are thinking about buying a new home and have decided that a new build is what you really want, that’s a great idea, nearly one third of home buyers opt for a brand new build!
It means you can customize your home to meet your personal wants, needs, and style! You have lower maintenance costs on a new build, and unexpected surprises (like asbestos, major plumbing issues, or electrical upgrades) are unlikely! (more…)
In real estate sales the responsibility is on the buyer to beware, and to ensure they know what it is they are buying. However, the risks for both the buyer and seller in a volatile market can be very real and some buyer/sellers just want to back out of their deal.