Now, I know what you’re thinking – doesn’t the “triple constraints” only exist in the project management world? That is where the term comes from, but I think there’s a similar concept that can be applied to home buying. For those who want to find out more about the triple constraints of PM – you’ll find an overview here. There are many factors that impact what, how, and why you buy. However, the 3 most important factors are:... [read more]

Everyone knows that having good credit is important. But here’s something you probably didn’t know—your credit score plays a significant role in determining whether you will be approved for a mortgage and can obtain a good, competitive interest rate. One of the first steps you should take when deciding to buy a home is to ensure that your credit history and score are intact.  Maintaining good credit history is right up there with planning to use your RRSP to buy your... [read more]

Everyone’s heard of it! If you haven’t, don’t worry — you’re are going to find out what its all about!  When buying your home, a good chunk of people are surprised about the amount of this final bill. For a transaction, both the buyer and seller incur closing costs and they differ. Let’s see what the buyer’s closing costs are – shall we? What are closing costs? Well, it’s just that — costs associated to closing... [read more]

You can purchase a resale property with as little as a 5% down payment. Even when you purchase a brand new home from the builder, the deposit is usually within 5-10%. When you are purchasing pre-construction condos, almost all the time, you will be looking at paying about a 20% down payment.  Perhaps you’re thinking, “I saw a big billboard that said I could buy with 5% down!” That’s usually because the builder has pretty much sold all the units and is trying to... [read more]

Thinking about investing in real estate? Real estate has always been one of the most successful investment options. I frequently meet young investors who are curious about getting into the real estate market. Investing in real estate can be very rewarding – however, if you don’t do your research, it can go south very fast. Investing in pre-construction condos has become very popular in the real estate market, especially in the Greater Toronto Area. So what are pre-construction... [read more]