It is not only the down payment that should be a concern for prospective Canadian homebuyers. Closing costs can come up to a not inconsiderable sum and may be as much as 4 percent of the selling price of a Canadian home. Those looking to buy a home need to account for the fees and expenses associated with closing on a home. In many instances, payment is required prior to closing.
Understand more about closing costs and the need to budget for specific fees before taking the steps to purchase a home.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Closing Costs: Deposit and Down Payment
Closing costs may vary depending on whether or not prospective
…
When investing in a home upgrade or adding on to the existing property, it might be tempting to defray costs by skipping the steps required to get a building permit. On the other hand, perhaps a home was purchased that has been revamped without a permit. It may not be obvious to a home inspector that unpermitted work exists prior to the purchase of a home, as some projects lie behind walls or other areas not easy to access or hard to observe. Read on to learn more about unpermitted work.
