UNDERSTANDING MAINTENANCE FEES FOR TORONTO CONDOS AND TOWNHOUSES
Condo maintenance fees are the price you pay for a hassle-free, amenity-filled lifestyle. So what exactly do they cover and how much do they cost?
FREQUENTLY ASKED QUESTIONS WHEN BUYING A TORONTO PRE-CONSTRUCTION CONDO
The process of buying a Toronto pre-construction condo can be a bit confusing compared to a traditional resale purchase, but it doesn’t have to be. We’ve selected five frequently asked questions our clients have asked when buying their pre-construction condos.
HOW CANADA’S STRESS TEST IS AFFECTING HOMEBUYERS AND HOMEOWNERS
Under these new guidelines, which have themselves changed over the last six months, the stress test has homebuyers qualifying for a mortgage at a rate of 5.34% or 2% higher than the negotiated rate (whichever is larger).
WHAT’S THE DEAL WITH STATUS CERTIFICATES?
A status certificate is like a home inspection for your condo and provides an in-depth review of your future home’s general health, from policies to financial statements. Here’s why this condition is so important.
THE COST OF BUYING AND OWNING A TORONTO HOUSE BY NEIGHBOURHOOD
Thinking about buying a house in Toronto? Understand the different costs in each neighbourhood and make an educated decision when setting the search criteria for your new pad.
REALTOR.CA VERSUS A REALTOR
Realtor.ca is the perfect search tool if you’re a passive browser, but if you’re a serious buyer it can leave you locked out of what could have been your dream home come true. We discuss exactly when you should be using their search tool.
STEP-BY-STEP GUIDE TO SAVING FOR A DOWN PAYMENT
Buying your first home is kind of a big deal. With today's sky-high real estate prices, you need a good chunk of change for your down payment. Use some of these handy tips and tricks to save for your down payment and into your new home.
UNDERSTANDING CLOSING COSTS BEFORE YOU PURCHASE THAT PROPERTY
In today’s hot real estate market you need to ensure you have all of your finances ready to go so that you don’t get sidelined when that perfect property comes along. One thing that we can’t forget to budget for are closing costs. We break down everything you need to know.
YOUR TORONTO HOME: RENTING VERSUS BUYING
When you’re a kid, the big dilemma you face is whether to spend your allowance on candy or ice cream. All of a sudden when you're forced to ‘adult’ it shifts to: do I continue to rent or do I buy? We’ve got the two biggest factors to consider when purchasing your first home and we’ve even broken down the math for you.
RENO VS READY: YOUR NEW HOME PURCHASE
When it comes to buying real estate, there’s a bit more to the reno vs ready equation than meets the eye. This means if you’re on a budget, you’ll be walking a fine line between your reno allowance and a cash downpayment large enough to actually get you that fixer-upper.