Archives for Buying Tips

CMHC wants to make it easier for self-employed Canadians to get a mortgage

Are you self-employed and looking to buy a home? The CMHC is giving lenders more guidance and flexibility on determining whether a self-employed person qualifies for a mortgage.They are implementing changes in order to make it easier for self-employed individuals to obtain a mortgage, as these Canadians tend to have a more difficult time qualifying. This is due to incomes varying and being less predictable than those with salaries/are employed by a business. Click here for the full story.  
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Skipping Home Inspections a Major Red Flag for New Buyers

When you are planning on purchasing a home, one of the most important things to have done is a home inspection. Many buyers don’t think it’s necessary, or is too expensive. But, having a thorough walk-through of the property will help pin point problems early on and save you money down the road. A home inspection will look beyond the cosmetics of the home and take a serious look at the home’s systems (HVAC, wiring, plumbing) and structural aspects, like the roof. Click here for more information on why you need a Home Inspection.  
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This Important Element Often gets Overlooked when Buying a Home

Ottawa Citizen, Stephen Moranis, Postmedia News 08.15.2016 It’s the most common hazard that home buyers overlook: disagreements between homeowners that can turn entire neighbourhoods into war zones. These can happen anywhere, of course; but they’re especially common in tonier, wealthier communities, where people are more inclined to lawyer up, and where small contrarian disputes can escalate quickly.   These conflicts end up becoming embarrassing, upsetting and expensive, occasionally leading some residents to consider selling and moving on. So much for that friendly block party.   It’s a shame. The neighbourhood you once thought was charming and peaceful becomes the one
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