Are you ready to start looking for your future home? The first step to making your dream a reality is getting pre-approved for a mortgage. This process will help you find out your borrowing capacity, estimate your mortgage payments and lock in an interest rate for 60 to 130 days, depending on the lender. Read this article
The First-Time Home Buyer Incentive makes homeownership more affordable for Canadians. Find out more about this valuable support for first-time homebuyers who are eager to make their home their own. Quick Description This grant from the Canada Mortgage and Housing Corporation (CMHC) offers first-time homebuyers the opportunity to contribute to their down payment by providing an amount equivalent
Planning to buy a new home? Be prepared. When you visit a house, be sure to have this list of questions on hand. It’s the perfect tool to help you make an informed decision and avoid unpleasant surprises. Two important points Carefully read the seller’s declaration, a document provided by the selling broker that constitutes the
Are you considering the purchase of a house that’s caught your attention? It’s a great idea to have the property inspected before diving in. Read on for more about home inspection fees. Buyers often forego an inspection, but it’s an essential step when purchasing a home. Check out our article Pre-Purchase Inspections: What You Should Know to
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
