The journey to acquiring your first home is a significant milestone, marking a transition into a new phase of life. While exhilarating, the process can also be daunting, filled with complexities and unfamiliar terrain. This comprehensive guide is designed to equip first homebuyers with the essential knowledge and tools needed to navigate this significant undertaking…
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With today’s real estate market experiencing ebbs and flows on an almost monthly basis, sellers often ask me about the profile of a typical buyer. Usually, they’re seeking information that will help them prepare their home for sale and a guide for how long it might take to strike a deal. In our neighborhood, there’s…
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New loan rules to expand insurance mortgages from 25 to 30 years are set to take effect next month to help first homebuyers into the market. By increasing the repayment period five years, first-time buyers will face lower monthly mortgage bills. However, if the loan were to go to full-term, they would pay more in…
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Forget wedding bells, young Canadians are more interested in being a homeowner. Some 40% of under-30s say buying a property is critical to their five-year plan, signalling a preference over travel (30%) and marriage (24%). The survey conducted by the Royal Bank of Canada comes as interest rates have dropped a further 0.5% to 3.75%,…
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Creating wealth for later in life is a goal most of us embrace and spend our entire working lives trying to accomplish. And for the vast majority, property investment is a huge component of their strategies. Many young people today feel the idea of owning property is beyond their reach. However, there are strategies to…
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Successive months of interest rate cuts will no doubt encourage first-time buyers into the Canadian property market. And with the promise of more rate reductions through 2025, young Canadians have an ideal time to purchase a home and begin to build their wealth. Even as the cost of loans falls, the average property price has…
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The goal to own property is deeply rooted in our national psyche, yet your first home-ownership journey can feel like walking into a labyrinth of jargon, daunting decisions and financial challenges. For first-time buyers, this is a perfectly natural response. Yet navigating this path will help secure your financial future and turn a dream into…
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Parents are being called the “Sandwich Generation”, caught between helping their own children as well as their mothers and fathers, a consequence of living longer. The days when parents’ greatest concern was paying for the kids’ college education have now morphed into helping them onto the property ownership ladder. It’s amazing to think that almost…
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The goal to own property is deeply rooted in our national psyche, yet your first home-ownership journey can feel like walking into a labyrinth of jargon, daunting decisions and financial challenges. For first-time buyers, this is a perfectly natural response. Yet navigating this path will help secure your financial future and turn a dream into…
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First-time buyers rarely have the spending power to purchase a large family home as their initial transaction on the property ladder. Whether they’ve bought a small detached home or an apartment, their greatest challenge is usually square footage, or the lack of it. The ability to make the most of every inch will maximize their…
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