5 common mistakes that first-time buyers make
Sometimes it seems like buying a house or condo unit is as easy as walking into a store and buying a new shirt. All you have to do is walk into a presentation or sales centre, pick a unit, sign an Agreement of Purchase and Sale, and write your cheques.
5 real estate New Year’s resolutions for those buying a home in 2017
We know New Year’s resolutions have kind of become a joke for some people, but we feel like there’s no harm in deciding to set some long term goals for yourself for 2017, especially if you’re interested in buying a home. Now that it’s January, keep these
Don’t buy a fixer-upper until you ask yourself these questions
Fixer-uppers are not for the faint of heart. As Toronto’s housing market continues to evolve, some ambitious buyers are attempting to transform undesirable dwellings into dream homes. But unfortunately, renovating a fixer-upper can be a long and
What is Kitec plumbing and do I need to be concerned?
If you’ve had issues with your plumbing in the last few years, you’ve probably heard of Kitec plumbing. You may also be aware that a class-action lawsuit was settled in 2012, awarding $125 million to affected homeowners. Even though Kitec was recalled by
How are homeownership and unemployment connected?
Evan Siddall, chief executive of Canada Mortgage and Housing Corporation (CMHC), told a Bank of England audience last week that we should be thinking about raising down payment requirements for insurance-backed loans. Since 1998, the Canadian government
First-time buyer land transfer tax rebate increasing to $4,000
The Ontario Real Estate Association (OREA) just announced that first-time buyers will soon receive a bigger and better land transfer tax rebate!In the 2016 Fall Economic Statement, the Government of Ontario announced that the Land Transfer Tax rebate is
Adulting 101: How to prepare for homeownership
By many standards, you haven’t truly attained grown-up status until you have moved out and can fully support yourself without retreating back to your parents’ basement. That said, there are steps you should take as a youngster to prepare for
How do you choose between space and location when buying a new condo?
In today’s new condo market, it all comes does to two things; space and location. Before you make any other decisions, this is a tough one that you need to tackle, especially if you’re a first-time buyer. So, how do you choose between space and location
Reid’s Heritage Homes goes the extra mile for a couple in love
It’s not every day we receive heartwarming news from a builder, so this is a rare (and adorable) treat for our readers. Reid’s Heritage Homes New Homes Sales Consultant, Chris Roth, recently conspired with first-time buyer, Philippe, in his elaborate
What are millennials spending their money on?
In a recent opinion piece in the Globe and Mail, columnist Margaret Wente asserted that the housing market was “rigged against millennials” for one simplistic reason: the Liberal government hamstringing development. While she may be right that land use
