Freedom 58? A new survey found that more than half of all Canadians are trying to pay down their mortgage ahead of schedule and expect to be mortgage-free by age 58.
Found 5 blog entries for July 2014.
From investing in a new-build condo or century-old bungalow to agreeing on the ideal neighbourhood and everything in between, couples have many important decisions to make together when searching for a new home.
According to TD research, 73 percent of Canadians expect to buy their first home with their significant other. Since buying a home is one of the biggest purchases a couple can make together, it’s important to be on the same financial page before the house hunt begins. So, how can you ensure that your checklists match?
The Bidding Wars are Back!
Although not every local real-estate market is facing bidding wars, many homebuyers discover themselves competing for properties because not many are for sale in their area. Resulting in many homes having 3-6 offers the day they go on the market.
To contend in a bidding war, buyers need to arrange financially for the purchase and they should know what they want.
Offering the most money may seem like the strongest way to successfully win a bidding war; Sellers don't always select the highest offer. Many times sellers favour offers that are likely to go through and that meet their specific conditions.
Here are tips to improve your chances of making the winning offer in a bidding war for your dream home.
- Have a
This week LC Platinum Realty Inc. Brokerage is featured on the Front Page!
The Federal and Provincial governments partnered to fund a Homeownership Downpayment Assistance Program. It is expected this round of the Program can provide assistance to a limited number of households. Downpayment assistance of 10% of the purchase price of an eligible home, up to a maximum of $17,400 is provided by a 20-year forgivable loan registered on title as a second mortgage. Applicant eligibility criteria include, income and asset limits among other criteria. Please refer to the Program Information Sheet and other material, included below, for additional information. The Program expires when Program funds are depleted or December 10, 2014, whichever occurs first.