7 Home Ownership Responsibilities You May Not Know About

Posted on Sep 13, 2023 in First-Time Buyers


Millions of Canadians are striving to achieve the dream of homeownership.

Indeed, owning a home comes with many benefits. But, of course, the chief advantages are building equity, not paying rent, and doing what you want (for the most part) on your residential property.

At the same time, homeowners possess several responsibilities beyond mortgage pay...

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What Fees Are Involved in Selling a House in Canada?

Posted on Aug 01, 2023 in Selling

What Fees Are Involved in Selling a House in Canada

Are you listing your home for sale? Then you’re likely wondering what fees are involved in selling a house in Canada.

Listing your home in the Canadian real estate market involves much more than the transaction itself. Many fees, rules and participants are involved, some of which you may not be aware of. Here’s a rundown of what you need to know whe...

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What is Land Transfer Tax?

Posted on Jun 29, 2023 in First-Time Buyers

what is land transfer tax

When it comes to a home purchase, many buyers get caught on the listing price, and forget about the additional expenses that come up in the transaction, such as closing costs and land transfer tax. So, what is land transfer tax, and how much is it anyway? In this article, we summarize everything you need to know.

Understanding Land Transfer Tax

A lan...

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Closing: Understanding your Legal Buyer Obligations

Posted on Jun 19, 2023 in First-Time Buyers

So you’ve made a successful offer to purchase the home of your dreams, or at least have taken that crucial first step toward home ownership. Now what? At this point, typically, there is a bit of a waiting period. Closing periods can take several weeks to a few months, but some essential buyer obligations must happen quickly.

Once your offer has been...

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What Qualifies as a First-Time Homebuyer in Canada?

Posted on Jun 16, 2023 in First-Time Buyers

What Qualifies as a First-Time Homebuyer in Canada

To qualify as a first-time homebuyer in Canada, you must meet the following criteria: you cannot have previously owned a property in Canada or abroad.

However, there are exceptions. It is possible to qualify as a first-time home buyer again after owning a home under the following circumstances:

  • If you have separated from and no longer live with a spo...

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Why Should I Get Pre-Approved for a Mortgage?

Posted on Jun 09, 2023 in Mortgages

You’re shopping for a new home, with the best intentions to take advantage of favourable market conditions. This is one stressor buyers can’t control. Another big one is financing – which is something you can totally take change of. To limit you stress and improve your changes at home-buying success, you should get pre-approved for a mortgage.

To pu...

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