Should You Buy a New or Existing Home?
Buyers have so many choices these days. But after narrowing down the location and selecting the type of home you want to purchase (single-family or condo) , there’s one more decision to make: Should you buy a new home or an existing one?
The answer depends upon both your budget and lifestyle.
Open up your local newspaper on any given day, and you’re ...
Posted by Michelle Lu-Do
on April 2, 2012
Buying a brand new condo has more advantages than just convenient amenities. Buying from a new-home builder, your investment is strongly secured by a warranty program (called Tarion). This will protect your deposit prior to the condo being built. It also presents protection against unauthorized substitutions, delay closings, defects in work and materials and occupancies after the ...
Posted by Michelle Lu-Do
on March 24, 2011
One of the most crucial decisions in life is purchasing a home. Being properly educated on the do’s and don’ts can make buying a home less hassle free and make it a great investment futuristically.
Here are the most frequent mistakes home buyers make:
1. Not using a trust advisor Working with a professional will get you the best price with a hassle free experience.
2. Looking at homes ...
Posted by Michelle Lu-Do
on March 21, 2011
Something moving is happening ... Home buyers are moving quickly to secure a home before the new mortgage rules set in on March 18th. This means that after the deadline, the federal changes and home debt regulations are going to be tighter for most Canadians just starting out. Recently Finance Minister Jim Flaherty publicized a progression of mortgage rule changes.
Canadians will ...
Posted by Michelle Lu-Do
on March 9, 2011
According to an Ipsos Reid survey commissioned by the Ontario Real Estate Association compiled in October, the survey reveals that 56 per cent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies to the full purchase price of a resale home.
What many do not understand is that the HST is only levied on the various transaction fees associated with ...
Posted by Michelle Lu-Do
on November 16, 2010
It doesn’t matter whether you are a first-time buyer, an empty-nester, or somewhere in between, you need the services of an experienced, dedicated real estate professional who will understand your goals and adopt them as their own. This is one of the advantages of having a real estate agent that represents ONLY YOU and not bias. Of course any person (like yourself) can walk into the sales ...
Posted by Michelle Lu-Do
on July 15, 2010
In the Canadian Real Estate Association's (CREA) 2010 forecast for home sales via the MLS® there is an indication of how the market might be affected by changes to interest and tax rates.
The good news is that CREA forecasts national activity will reach 527,300 units in this years 2010. Thats a rise of 13.3 percent from last year 2009. Continued low interest rates are boosting housing ...
Posted by Michelle Lu-Do
on July 14, 2010