So how do you save on the mortgage down payment that you need to purchase your first home? Let’s take a look at the Tax-Free First Home Savings Account (FHSA), a new federal government initiative that will be officially launched in 2023. 1. What Is the FHSA? It’s a tax-free savings account for first-time home buyers. This
Home insurance is not mandatory in Quebec. But do you really have a choice, considering the trouble a disaster could cause? That said, you do have a choice about the coverage you purchase, because there are several types of home insurance. Here’s what you need to know to make an informed choice. What Do You Need? Home
Do you dream of both size and privacy? A single-family home could be the best choice to satisfy your desires and meet your lifestyle requirements. Discover the advantages and disadvantages of this type of property by reading this article. 1. What Is a Single-Family Home? This includes all properties that contain only one dwelling and
When it comes time to make a purchase offer, how do you know exactly what is included and what is not? This is a question that many buyers ask themselves and that can be the source of many a dispute. By reading this article, you will discover how to negotiate the inclusions in the sale
If you are planning to buy a home, remember to set aside a buffer to cover all the costs that need to be paid after the transaction. Closing costs must be paid immediately or within weeks of your visit to the notary. What are closing costs and how much money do you need to set
Selling a property involves various steps and obligations. In some cases, sellers must complete the Declarations by the seller of the immovable form provided by OACIQ (Organisme d’autoréglementation du courtage immobilier du Québec). The following article will discuss what this form is, what information it contains, as well as the role of the real estate broker. What is the Declarations
Buying a house can be stressful. Not to mention that you also have to think about the welcome tax and other transaction-related taxes. Here is a small guide to the taxes that must be paid when you buy and own a house. Welcome tax The mere mention of this name is enough to make
You finally found the house of your dreams! Good for you! However, it is important to know what costs are involved when you buy a property, especially when you are a first-time homebuyer. Read about the costs you can expect in the first year. Before and during the purchase Accompanied by your real estate broker,
Buying your first property is not only one of the most significant events in your lifetime, but also one of the most stressful. Here are 5 practical tips that will help you make a sound choice best suited to your personal situation and lifestyle. 1. Learn more about the home-buying process Buying a home can seem
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