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How Land Transfer Tax Impacts Home Affordability

Posted onOctober 10/2018By

The impact that land transfer taxes will have on home affordability will vary tremendously depending on the market you’re in. For some, the land transfer tax is something to be despised. To others, it serves as a minor cost that is tacked onto their closing bill. In Canada, each province will charge either a fee or a tax for the transfer of real estate ownership or property. However, the rate will vary greatly from province to province, with some charging tens of thousands of dollars while others charge rates so meagre that they may seem like pocket change to some.…

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4 Reasons Why You Should Get Pre-Approved for a Mortgage

Posted onOctober 03/2018By

The first thing to do before deciding on whether or not to buy a home is to set aside a budget., however, trying to set up a budget by yourself can prove to be a very taxing and difficult task. The amount of debt your holding, your down payment amount, your credit score, as well as your job history are all factors that you need to take into consideration before creating a budget for your new home. As such, it is highly recommended that you consult with a qualified lender in order to be pre-approved for a mortgage. Then and only then should you set-up a consultation with a real estate broker. Getting pre-approved for a mortgage can be used to your advantage in a financial situation. Below are 4 reasons why you should get pre-approved for a mortgage, and how doing so can be leveraged to your benefit. Boost…

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