Category Archives: Préparation à l’achat

Buying a home when you’re new to Canada: It’s easier than you think!

Monday August 21st, 2017

Buying a home when you’re new to Canada: It’s easier than you think!

Are you new to Canada and think that buying a home is out of reach? Think again! With good planning and sound advice from real estate and mortgage brokers, it can be done.   Common myths New immigrants often rely on information from family and friends. It’s understandable: these are people you know and trust. […]
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A fourplex property investment

Monday July 31st, 2017

A fourplex property investment

Here is the story of Jean-Francois and Charles. Both own their own home and would like to invest in real estate in order to diversify their savings. After months of searching with their real estate agent for a profitable well-built property, complete with good tenants, they finally found their diamond in the rough. Unfortunately, they […]
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A place for your kids to live through university: Better to buy or rent?

Monday July 10th, 2017

A place for your kids to live through university: Better to buy or rent?

With the high cost of rent, especially in Quebec City and Montreal, more and more parents are buying condos for their kids to live in while they’re at school. After all, they could probably sell it for a profit down the road. But is buying always the best option? Why buy versus rent? Living in […]
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A mortgage for self-employed : Can it be possible?

Monday June 26th, 2017

A mortgage for self-employed : Can it be possible?

Well yes, it is possible! Qualifying income is the only difference in qualifying for a mortgage between a salaried individual and a self-employed individual . For each situation here is the solution For a salaried individual income is established with a written confirmation of employment , specifying the date of hire , his annual salary, […]
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All homebuyers have to pay a land transfer tax (the “Bienvenue” tax).

Monday June 12th, 2017

All homebuyers have to pay a land transfer tax (the “Bienvenue” tax).

The land transfer tax or duties on real estate transfers is called the “taxe de bienvenue” in Quebec. Bienvenue has no connection with the expression “Welcome [Bienvenue] to your new house”. Rather it is the name of the provincial minister of Municipal Affairs who granted municipalities the right to collect this tax. It is a […]
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Green Homes: How to save up to 25% on your insurance premium

Monday June 12th, 2017

Green Homes: How to save up to 25% on your insurance premium

Did you know you can get up to 25% of your mortgage insurance premium back when you buy an energy-efficient home or when you buy a home and make energy-efficient improvements?   Purchasing or building an energy-efficient home New homes built under one of the energy-efficient building standards set out by the Canada Mortgage and […]
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Mortgage — 7 questions to ask your banker

Monday June 5th, 2017

Mortgage — 7 questions to ask your banker

Negotiating a mortgage is more complicated than negotiating just a rate. Unfortunately, clients too often lose thousands of dollars because they were poorly advised. Here are 7 questions that your banker should be able to answer: What is the penalty if I want to break my mortgage and how is it calculated? Is my mortgage […]
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Find out how to calculate the mortgage you can afford

Monday May 22nd, 2017

Find out how to calculate the mortgage you can afford

First of all, it is important to differentiate between the maximum sum that you can afford and the maximum sum permitted by banking and government regulations. In reality, even if financial institutions are ready to offer you a $400,000 mortgage loan, it doesn’t necessarily mean you can afford it because of many contributing factors which […]
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Is a home inspection a pre-purchase must?

Monday May 1st, 2017

Is a home inspection a pre-purchase must?

Technically, the answer is no. However, as mortgage specialists, we strongly recommend it!  We are strong believers in pre-purchase home inspections because they provide you with a better understanding of the property you are buying. The role of the inspector is to provide you with a thorough report on the quality of the property. Does […]
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Buying a home: Can you afford it?

Monday April 24th, 2017

Buying a home: Can you afford it?

How do you know if you can afford to buy a home? With a few simple calculations, you can evaluate your financial situation and the maximum price you can afford to pay. Let’s go through it step by step.   Calculating your total monthly expenses Your total monthly expenses are your household expenses plus your […]
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