Markets across the country built on momentum from the summer. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers.
Your home is the place where you spend a great amount of time, renovating your house will increase its value and make it a nicer place for you to live. But most people don't have the money to spend on housing upgrades.
Buyer's remorse is an emotional response that many homebuyers experience during the course of a real estate transaction. The response can take various forms such as feelings of regret, fear, depression or anxiety. Many doubtful questions may arise: Did I buy the right house? What if I lose my job? What if home prices drop? Did I overpay? Is this really the neighbourhood I want to live in? Can I really afford the mortgage payments?
Closing costs — the list of charges that you need to pay to complete a real estate transaction — come as a surprise for many home buyers. Since closing costs are additional costs over and above the price of a home, you should budget at least 2.5% of the purchase price for closing costs, in addition to the down payment.
Canadian homeowners have several home tax deductions that they can claim but are frequently overlooked. Before you submit your tax return this year, check the following list.
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