closing costs

With rising prices, million dollar homes are becoming the norm – as are million dollar mortgages! Let’s see if you can you afford a million dollar home.

The home buying process is expensive. There’s the down payment—which must be at least 5% of the home’s purchase price—as well as closing costs. If you’re buying a home in Toronto or Vancouver, you can expect … Read More

Buying a home is expensive. First, there’s the down payment, which can amount to tens of thousands of dollars. Then there are the closing costs, which are the administrative and legal costs you need to pay … Read More

Sponsored by: Before buying their first home, Rosemary and Andrew lived in a condo they rented in downtown Toronto.

I thought I’d start out this month’s update with a credit crunch joke, since we’ll be reviewing some policies born out of it: I went to the ATM this morning and it said “insufficient funds”. I’m … Read More

In Canada, one of the largest closing costs any homebuyer will face is land transfer tax (LTT). Every province charges a LTT to buyers, except Alberta and Saskatchewan who instead levy a much smaller fee. The … Read More

For anyone thinking of buying a home, it’s important to educate yourself on both your real estate market as well as how large of a mortgage you can afford to take on. In this series, we … Read More

In Canada, one of the largest closing costs homebuyers will face is land transfer tax (LTT). Most provinces charge LTT, but the tax rate varies from province-to-province – and in Toronto, there’s even a municipal LTT. … Read More

For anyone who is considering buying a home, it’s important to educate yourself on both your local real estate market as well as how large of a mortgage loan you can afford to take on. In … Read More

Someone hit the snooze button on our Monthly Mortgage Update, so I’m here to wake it up! Mortgages, you see, do not have to be boring or even be of interest to only mortgage brokers and … Read More