Costs To Be Aware of for First Time Buyers In Ontario
Posted by Frank Polsinello on
Buying a home for the first time can be an exciting but daunting experience, especially for those living in Ontario. With the current state of the housing market, it's important for first-time buyers to understand the costs involved in the process. In this article, we will go over some of the key costs to be aware of when buying a home in Ontario.
- Down Payment:
One of the biggest costs for first-time home buyers in Ontario is the down payment. This is the amount of money you pay upfront towards the purchase price of the home. In Canada, the minimum down payment required is 5% of the purchase price of the home for homes up to $500,000. For homes between $500,000 and $1,000,000, the minimum down payment is 10%…
81 Views, 0 Comments
We have a FREE Green Photos program where we will come out and take exterior photos of your home now...
Then, when you sell this winter, next spring, or early summer, we will have photos to show potential buyers what your home looks like during the best time of year!
We have also found that you will sell sooner than you had originally planned.
Even if your timetable to sell is further out you’ll still want to have these photos taken…
You may be thinking about buying a new construction home, but there are some things you should know before diving in. For example; different processes and laws apply here than with resale homes; make sure to keep reading for an overview of what's important!
