”Buying a single-family or semi-detached home, plex or condo? Property transfer duties—often referred to as the welcome tax—are one of the inevitable costs you will need to pay. Read on to discover how to calculate the welcome tax, when it’s due, and how to pay it in a few simple steps.” ”What is the welcome
” Whether it’s for yourself or it’s an investment, here’s what you should know about the rules, requirements and financial implications of buying a second property.”
” If you’re already a homeowner, you’re likely familiar with many of the qualifying criteria, because many of the requirements for buying a second or third property are the same as for buying a principal residence. You will have to qualify for a mortgage under the stress test, have a good credit score (especially if you want to get the most competitive mortgage rates) and have a debt-to-income ratio that falls within the acceptable range for your lender. ”
” The one major difference with buying a second property is the down payment—the amount of money you need to pay upfront in order to purchase the home. As with principal residences, the down payment needed on a second property is tied to the purchase price of the home. However, with second properties, the number of units on the property, and whether or not the owner will live there, impact the size of the down payment as well.”
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”A semi-detached house can be the perfect solution for a first-time homebuyer in search of a cozy nest. Read on to discover its main advantages and help guide your efforts in finding a property suited to your needs.” What is a semi-detached house? Unlike a single-family home, a semi-detached house shares a common wall with
”Retirement is a major life-changing event. So, it’s quite normal to have a lot of questions about income, lifestyle, health issues, etc. One of the more important questions is: “Should I stay as long as possible in my current home or move to a smaller place?” In this article, we explore five factors to take