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Financing your Home Purchase

Monday Sep 27th, 2021

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Financing, if needed, is a critical piece of the puzzle. Considering homes are not selling for the asking price and there are so many guidelines and restrictions imposed by lenders, you have to make sure you are selecting a mortgage agent or a bank specialist that is experienced and is working for you.  Don’t assume because they have a license or work for a national bank that they are experts. Get references and ask about experience. My usual recommendation is to always use a... [read more]

Closing Costs

Monday Sep 13th, 2021

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When purchasing a home there are costs associated with buying that are above and beyond a down payment.  These can include: Lawyer’s Fee: Approximately $1,500 to $3,000.  There is usually HST added to the fee quoted by lawyers for the service. HST on Mortgage Default Insurance: The cost of the mortgage default insurance will be tied into the mortgage payments.  Appraisal: Approximately $400.  Maybe substantially more for custom or rural homes.  Title... [read more]

Kitchen Renovations

Monday Sep 13th, 2021

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You may have heard that kitchens and bathrooms get the most return on your investment. Is this true? Kitchen renovations, if done properly, can add to the value of the home. Kitchens are where a lot of people spend time in the home and they are one of the most expensive areas of the home in terms of construction cost. Here are some things to consider if doing a kitchen renovation. If you don’t plan on selling your home soon your, kitchen renovation really may not add much value at... [read more]

Can't afford a home, get richer parents (Options to Afford a Home)

Thursday Aug 26th, 2021

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Are home prices getting ridiculous? Are you afraid you will never be able to own a home? Maybe it is time to find richer parents?  Just kidding.,.   One of the biggest hurdles to homeownership is affording the down payment required.  On average you can expect to need 10% at a minimum of the purchase price of a home. On a $700,000 property that is $70,000. In addition to closing costs which could be another 2-3% so another $14,000-$21,000, that is a lot of... [read more]

Moving, Decluttering. Sell Your Stuff to the Swap Shop!

Friday Aug 31st, 2018

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If you are looking to get rid of some junk, I have a great new tip for you. The Swap Shop in Toronto is a great little find at the corner of Victoria Park and Lawrence.  They will take your used electronics, instruments, small appliances bicycles and they will actually PAY you for it. This is a great way to de-clutter in the summer or as you are getting ready for a move.  The link to their telephone number is below give them a call,  see if they will accept your stuff. If you are... [read more]

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