As houses get more expensive with the average price of a detached home in Toronto reaching a new high of $1 million, more homebuyers may be forced to take on mortgages through subprime loans to enter the housing market. A subprime loan is an option for people who don’t qualify for loans under the prime […]
For the last few years, some of Canada’s housing markets have been pretty cutthroat with homes selling for more than $100,000 over the asking price. Last year, Canadians had a greater appetite for entering a bidding war with 34 per cent of Canadians willing to enter one, which is an increase by six percentage points […]
Being able to own a home is a point of pride for many Canadians with many people seeing it as a passage to adulthood. But continually rising costs in the housing market may make owning a home more difficult, which can make some people take on desperate measures to become property owners, even if it’s […]
Real estate lawyers are an important part of the home buying process, but as a homebuyer you may not be sure why you need a lawyer involved in the transaction. Legal fees are a costly portion of your closing costs since hiring a real estate lawyer can cost a new homeowner about $700 to $2,500 […]
With the RRSP deadline for 2014 just passing, if you’re looking to buy your first home this year, you may wonder whether it’s a good idea to tap into your RRSP’s Home Buyers’ Plan (HBP). The HBP was introduced in 1992 and it’s been used 2,555,484 times, according to a 2013 article published in the […]
With the Internet providing everyone a wealth of information at their fingertips and a real estate industry that’s seeing a shakeup, you might wonder why you would want to use a real estate agent when shopping for a home. While you don’t pay any upfront fee or commission to your real estate agent during the […]
