Tips and Trick for Toronto first time Home Buyers With interesting stories and helpful tips from the trenches.
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Entries from March 2008

Paying down mortgage a trend

March 26th, 2008 · No Comments

A mortgage consumer survey conducted by Canada Mortgage and Housing Corporation shows that 78% of new home buyers intend to pay off their mortgage as soon as possible.  This study also shows that Canadians are taking actions wherever they can to pay down their mortgage by making accelerated payments. 
Good on Canadians!  Being more responsible and being [...]

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Tags: General · Mortgages

CAN YOU AFFORD TO BUY?

March 18th, 2008 · No Comments

Most young people we talk to believe they can’t afford to buy a place. The average GTA house price really freaks them out. The reality is that with mortgage rates being so low, most can typically buy with their mortgage payment being close to their current rent.
So why not explore?

Check out how much you can [...]

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Tags: General · Mortgages · Real Estate

Don’t Be Fooled!

March 12th, 2008 · No Comments

Ok, so you’ve probably been looking at some properties, maybe poking around at some open houses. Have you ever wondered why some of these places look so friggen good? Well maybe perhaps it’s because some of the sellers have enlisted professional home staging companies.
Home staging has become a vital part of the [...]

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Tags: General · Real Estate

Should you get a home inspection?

March 10th, 2008 · No Comments

Many home buyers would get a home inspection on older homes but recently, it seems that inspections for newly built homes are becoming more popular, or more importantly, needed.
During a pre-delivery inspection, the potential home buyer does a final walk-through of the unit/home. Under the new home owner warranty program, home buyers are able [...]

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Tags: General · Real Estate

Rates Set to Lower Tuesday

March 3rd, 2008 · No Comments

The Canadian economy grew at its slowest since 2003 leading to a greater chance of an interest rate cut by half a percent.
Now it’s still unclear how much the Bank of Canada will be cutting its rates. It will soon be revealed Tuesday morning. But many economists have already been speculating the [...]

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Tags: General · Mortgages