Have you recently decided to invest in Canadian real estate? It’s completely understandable if you have. After all, Canada is one of the most stable real estate markets in the world. Despite the global recession, Canadian home prices have increased 5% every year since 2000, according to a report released by Re-Max. Plus, it’s generally
Buying real estate in Canada is an exciting process. Of course, you should have a clear idea of the process before you even think about taking out a mortgage. And as a foreign investor, you need to have an even clearer view of what to expect to avoid any potential pitfalls. To make this as
Prioritize your down payment Saving for a home requires prioritizing. If purchasing a home is important to you, you need to cut down on luxury living now and save so that you can have a secure investment in the future. If you eat out a lot, take vacations a lot, you will need to cut
Have you obtained pre-approval for your new home loan? If you haven’t already done so, now is probably the perfect time to pre-qualify. How is this important you many ask? Let’s examine this from the point of the seller; If two buyers are ready to make an offer for full price of your home and
Buying a home is the largest investment most people will make in their lifetime. The exercise is neither fast nor easy, but a little bit of knowledge will take most of the mystery out of the process. Before embarking on your journey, take a moment to review the following tips. They will assist in making