It’s important you explore every available avenue when it comes to buying or selling a property. One option is selling without a legal warranty. Read on to find out what a legal warranty is, the risks if it’s excluded from a transaction, and the possible remedies for hidden defects. What is a legal warranty? The Civil
Signing an offer to purchase is a key step on the path to making one of the most important transactions of your life, buying a home. This process, which is regulated under the Real Estate Brokerage Act, notifies the seller of your intent to purchase their property under specific conditions. Since the promise to purchase form becomes
It goes without saying, but buying a home goes beyond just wood, brick and concrete! In fact, it’s a relatively complicated transaction that requires several real estate professionals to protect you. The notary is a key player on your team. But what are the notary fees for buying a home? That’s what you’ll find out
Buying a home in Canada means dealing with a difficult real estate market. However, becoming a homeowner is not impossible. Check out these 10 tips to help you buy your first home. Save Up a Down Payment You can use your savings, of course. But there are several programs that can help you increase your
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
