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Is It Better to Buy or Rent in Toronto?

Posted onMay 23/2022By

Toronto is a city of often sky-high real estate prices and limited housing options, particularly for those just arriving in the city or foreign citizens trying to put down their roots. This begs the question: is it better to buy or rent real estate in Toronto? The answer depends on who you ask, as well as various personal financial considerations that you’ll have to resolve in order to establish if it’s better to rent or buy under your current financial situation. While buying a home provides the obvious benefit of giving you shelter and a place to live, there are…

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What to Look For When Buying a Family Home

Posted onFebruary 28/2022By

Home prices have been rocketing upwards at historic speeds since the start of the pandemic, with average prices in Toronto peaking over $1,163,323 as of December 2021. If you are looking for your next family home, daunting figures like these might be your only focus. At Northwood Mortgage, however, we believe that your search should be based on more than just price. That’s why we have put together this list of what to look for when buying a family home: Is the house the right size? Is the neighbourhood a good fit? Do you have the right team supporting you?…

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5 Signs You’re Ready to Stop Renting and Become a Homeowner

Posted onSeptember 14/2020By

Buying a home is a big deal, especially if you have only ever rented your home. Having a house to call your own is a dream for many people. But when can you be sure that you are ready for a first-time mortgage? Here are some signs that will let you know you are prepared to own a home. 5 Signs it’s Time to Buy a House It is understandable if you don’t want to jump into buying a home, but if you are looking forward to the day when you stop paying your landlord’s mortgage and start paying your…

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What Comes First: Selling Your Home or Buying a New One?

Posted onSeptember 07/2020By

When it comes to buying and selling your home, there is no single best way to get the deal done. Some homeowners prefer the safety net of selling their home before they buy their next one. Others are willing to pay for two homes until they can sell their old one for the right price. There are advantages and disadvantages to both approaches, and you’ll want to get some advice before you decide. One thing to consider before you buy or sell is the current real estate market. If it’s a buyer’s market, then you may need to be patient…

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Purchase Plus Improvements Mortgage

Posted onJanuary 17/2018By

Purchase Plus Improvements is for consumers looking to purchase a home that has great potential but needs renovation. Here is some information to read on. Contact Us

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