Buying a house with a RRSP… Without having a RRSP
You have savings to buy your first house and you are short but not by much? Here is a strategy that allows to convert a bank loan in a RRSP and then to use the associated tax refund [...]
Investment
Buying a Parking Spot with a Condo?
Future condo buyers are unanimous: a parking spot is very important, if not a must. Some consider the resale value, others simply the handy and practical aspect. “But wow is it expensive!”, tells me a young computer consultant who [...]
How to buy a new condo and save money
For somebody looking for a new home, these are confusing times we live in. Gone are the good old days of les habitants, when all you had to do was walk into a clearing, drive a stake into the [...]
7 Economic Benefits of Buying a Brand-New Home
You are looking for the ideal house but you do not necessarily want to spend hours upon hours making renovations . . . Are you interested by a brand new “turnkey” house? By selecting your future house wisely, [...]
Mortgages in 10 lessons
You’re almost ready to realize your dream and buy your first home, but the very thought of a mortgage gives you hives? You don’t understand anything when it comes to down payments, interest, insurance, amortization and mortgage terms? [...]
City or suburbs? 4 factors to help you choose
So here you are, ready to become a homeowner for what might be the first, or the umpteenth time! You have an important decision to make: will it be life in the suburbs or life in the city? [...]
How to lower the amount of taxes you pay on income properties
Everyone wants to pay less taxes! Is there anything that can be done concretely at the end of the year to soften the blow? There are major differences between owning your personal residence and an income property that [...]
Divided and Undivided Co-Ownership: Know the difference
Within the housing market, you’ll find two types of property co-ownership that are important to differentiate: divided co-ownership and undivided co-ownership. Divided Co-Ownership Better known as a condominium, divided co-ownership of a property includes private areas and common [...]
Financial aid for new home buyers
A recent survey reveals that many young first-time home buyers face financial challenges in the acquisition of a condo or house. They see the high cost of real estate, their personal revenue, as well as the required 5% [...]
Insider advice for first-time home buyers
You’re doing some serious looking and you need some serious help. Buying a first home can be a daunting affair. Here are a few tips from people in the know to boost your confidence and give you an [...]
