7 Home Ownership Responsibilities You May Not Know About
Posted on Sep 13, 2023 in First-Time Buyers
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...
What is Land Transfer Tax?
Posted on Jun 29, 2023 in First-Time Buyers
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.
A lan...
Understanding Land Transfer Tax
A lan...
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...
Once your offer has been...
What Qualifies as a First-Time Homebuyer in Canada?
Posted on Jun 16, 2023 in First-Time Buyers
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:
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...
How Do I Know if a Real Estate Agent is Right for Me?
Posted on May 26, 2023 in First-Time Buyers
Buying a home is one of the most complex and important transactions that most of us will ever undertake. As a homebuyer, you get to choose who will represent you throughout the process. When choosing to work with a real estate agent, you expect a professional who has experience in both the market and your preferred neighbourhood, as well as in the...
What Is the Difference Between An Exclusive And Non-Exclusive Listing Agreement?
Posted on Apr 18, 2023 in First-Time Buyers
When diving into home ownership, you may notice words and terms flying around that you don’t understand. To avoid overwhelming you with the ins and outs of the real estate language, let’s start by talking about the difference between an exclusive and non-exclusive listing.
An exclusive listing agreement grants the real estate agent sole rights to se...