Categories for Financing

Don’t Forget Home Insurance

When you’re buying or selling a home, there are so many details to look after that it’s easy to miss something.  One thing you don’t want to forget is insurance. Protect your home, its contents, and your property against damage or liability.  Insurance prices will vary, depending on your home ...

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How Much Can you Afford?

Why is it so important to know how much you can afford to spend on a home? Two reasons. First, you don’t want to buy a property and then find out, after you’ve moved in, that you can’t financially maintain it.  That would mean having to resell it under stressful ...

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Conquering the Fear of Paying too Much for a Home

You’ve heard of “buyer’s remorse”.  It refers to purchasing a pricey item, like a fancy sweater or a new car, and then regretting it the next day because you think you paid too much. Fear of buyer’s regret can actually dissuade people from making a purchase, even when the price ...

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Sold over asking: What does this mean for homebuyers?

In a hot seller’s market with low inventory and house prices rising in many regions in Canada, many homebuyers are paying over the asking price. For example, a Bank of Canada report in April notes that roughly two-thirds of homes in the Greater Toronto Area were selling for more than the listing ...

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How to Avoid Mortgage Prepayment Penalties

Prepayment penalties can cost you thousands of dollars.  It’s important to know when they apply and how your lender calculates them.  Prepayment penalties are often overlooked, but should be included in your main criteria when choosing a mortgage, as they may significantly impact your mortgage payment options and costs.  Here ...

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