Not sure if buying a home or renting one is the better choice? It all comes down to risk factors – here’s an actuary breakdown of how to determine yours.
A common mistake made by first time home buyers is underestimating the additional costs of owning a home compared to renting – which can be an additional 40 per cent higher than mortgage payments alone.
On the house hunt? Good news – buyers’ market conditions may be on the way as home prices continue to soften across the country.
The Home Buyers Plan allows first time buyers to pull up to $25,000 from their RRSPs for their home’s down payment. It’s an option that opens doors for buyers other wise shut out of the market – but are they worth the risk to your retirement plan?
Over the weekend the government announced new mortgage regulations that require federal financial institutions to revise the mortgage penalty disclosures they currently provide to consumers. Federally regulated financial institutions have until November 5th, 2012 to comply with these changes and compliance will be closely monitored by the Financial Consumer Agency of Canada (FCAC).
When it comes to a mortgage, the first thing most people want to understand is how much can I borrow, or how much can I afford. Nobody wants to make the mistake of biting off more mortgage debt than they can chew! Here’s how much you can afford.
Buying your first home is a big step. Check out our top 7 tips to give you a boost onto the property ladder and help you save money on your first home!
There’s a renewed sense that the real estate agent is out and buying a home on your own, or with limited help, is the way to go. Is it really? Is it enough to rely on an internet-based do-it-yourself company or just a lawyer to buy a home?
Four months after the home inspection and two months after closing, there were clear signs of water damage, moisture, mold, mildew, rot, dust and drywall deterioration in the basement. This situation is more common than one would expect and it begs the questions, just whose responsibility is the home inspection anyway?
Stuff I wish I knew when buying my first home. Errors that if avoided could have saved us thousands of dollars over the last decade.