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I'm Ready to Buy...How Many Homes Should I Look At?

This is another question that I get fairly frequently, especially from first-time buyers. There is no answer that is correct for everyone, but it's something you should definitely talk to your REALTOR® about as you start your search. When you sit down with your real estate professional before you look at your first homes, you probably have a basic idea of what you want; things like how many bedrooms ...

Buy Young, Buy Smart

Like everything in life and business, an injection of fresh blood into the real estate market is a good thing. So it was last year, when many more first-time home buyers jumped into the market than the previous year. Recently released survey information from the Canadian Mortgage and Housing Corporation (CMHC) indicates that in 2009, 43% of Canadian home buyers were first-timers - up from 36% in 2008. ...

Brides Buy Homes

What else will a young Canadian couple want to do at a wedding show this Spring besides fingering lace veils and sampling cakes... They'll want to size up house opportunites and getting advice on being a first time buyer. And by attending a Spring bridal show, they could be combining plans for the Big Day with move-in day. A wedding show is convenient beause it assembles a whole bunch of local ...

What Do Women Want? Banks Want to Know!

As everyone know, times change - and so does the real estate market. Traditionally, first time home buyers were newlywed couples or young families. However, over the past decade, that pattern has shifted, with single, young females taking a leading role in home sales in Canada. According to a recent TD Canada Trust study, conducted by Ipsos-Reid, this demographic is buying their first home - on their ...

BMO 'Ask an Expert': 5 Tips for First-time Homebuyers

I recently appeared as the first guest in the Bank of Montreal's Ask An Expert" video podcast series, hosted by John Turner, BMO's Director of Mortgages. The subject of my interview was "5 Great Tips for First-Time Homebuyers." The following is an edited summary of my comments; the entire video interview can be seen on YouTube. Tip #1: Practice Makes Perfect How can first-time home buyers practice ...

The Kids are Alright

You could call them the "comeback kids" - the legions of first-time homebuyers who might lead the rebound of the Canadian real estate market. The mostly 20- and 30-something buyers are entering the market armed with government incentives, great financing, and lots of lower-priced homes to walk through. Dreams of mortgages replacing rent cheques are popping up across the country among newlyweds and ...
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