Posts tagged First Time Buyer
What is a Mortgage Pre-Approval?

Do You Know the Difference Between a Pre-Approval & A Quick Qualifier?

Many people go out home-hunting without even having spoken with their bank or mortgage broker!

Sometimes people go online and punch in their numbers for a Quick Qualifier, the problem with this is there are no supporting documents that the bank certainly will ask for at some point!

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Using Virtual Reality to Buy & Sell Your Home

It might sound like a crazy idea, but with recent advancements in technology & the fact that anyone who owns a smartphone can interact with Virtual Reality/360 content, this comical notion can actually become reality & end up being a very useful tool in today's real estate market!

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What Does The Home Buying Process Look Like?

For some people taking the first step in the buying process is the scariest.

Fear of the unknown might outweigh the excitement of the prospect of having your own place

The best way to feel in control of the outcome is to educate yourself as much as possible about the process, all costs involved & your realistic requirements.

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Your FEBRUARY Monthly Report

2018 is off to a great start for the City of Toronto as numerous infrastructure projects get announced & finished!

From the York St Exit Ramp to the $1.25 Billion Portlands project, there is a lot to watch out for in the city this year

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How Much of Your Life is Spent Waiting in Elevators?

If you live in a high-rise condo, you know all too well the problems that can arise when one or more elevators go out of service! 

But how much of your day & life is spent waiting for these elevators?

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Do You Live in a Designated Neighbourhood Improvement Area?

Back in early 2014, the City of Toronto released a program that was designed to target 31 specific areas that were to be designated Neighbourhood Improvement Areas (NIAs) under the Toronto Strong Neighbourhoods Strategy 2020.

While this initiative was started close to 4 years ago now, we are starting to see the benefits of it come to fruition today in areas like Regent Park & South Parkdale which have seen drastic improvements in the quality of life, available services/amenities & transportation! 

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Knowing How to Budget for Home Ownership

While many people focus solely on the mortgage pre-approval & application process to base their financial real estate decisions off of, it’s important to remember that this number doesn’t fully encapsulate the extent of your home-buying budget.

A mortgage pre-approval tells you how much you’ve been approved for by the bank/lender, which is quite different from the amount you can actually afford in your monthly budget!

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How to Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage can be one of the most important preparatory steps you can take before beginning your property search for several reasons! 

A pre-approval will essentially tell you the price range of how much you have been approved for by your bank or lender which allows you to focus your search on properties that you can actually afford. 

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What Does 2018 Have in Store for the Toronto Real Estate Market?

With 2017 being one of the craziest years on record for the Toronto Real Estate market, we want to breakdown our projections for the upcoming year & what you can expect to see happen!

The rental market remains one of the hottest topics when talking about real estate in Toronto & for good reason! Last year we saw an unprecedented increase in rental prices and a drastic drop in available units with 2018 not looking like it's going to be much different.

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How Walkable is Your Downtown Condo?

As traffic congestion worsens & TTC service continues to be undependable, more & more people are choosing to walk as their main form of transportation

It might not come as a surprise, but Toronto’s downtown core is home to some of the most walkable neighbourhoods in all of Canada & new construction developers are taking note of this sweeping change

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4 Things A Toronto Real Estate Buyer Wants In A Home

The Toronto home buyer is increasingly becoming more & more educated about the real estate process and what they want out the property they are purchasing! 

These 4 additions to your property could result in big value increases if done properly!

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What Is “Exclusive Use” In A Toronto Condo?

When buying a condo, you will get inundated with a ton of new terms that relate to the ownership, rules & regulations of the building, many of which you probably have never heard before! 

One of these elusive terms used is “Exclusive Use”. This refers to the exclusive use common elements, which are elements only used by you while not actually being owned by you. 

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What Does Your Condo Declaration Mean?

If you own a condo, your Condo Declaration is one of the most important documents that you need to review as it contains all of the information regarding your suite & the building itself

Things like the boundaries of your condo suite & rules regarding pets, noise and what changes can be made to the unit with regards to physical alterations are outlined.

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