Common home-buying closing costs you should know about

I’m buying a new home and I want to make a budget. What closing costs should I know about? November is Financial Literacy Month in Canada, so it’s a great time to make sure you understand the costs involved with buying a home. You’ll encounter three categories of expenses: pre-closing costs, closing costs and after-closing costs. A home inspection isn’t mandatory, but it’s money well-spent in the pre-closing phase. Getting a … [Read more...]

First-time home buyers: Wary, web savvy researchers

Like many people her age, Alyssa Richard is living in the basement, saving to buy her first home, wondering what she can afford to buy and whether now is a good time to take the plunge. Fortunately for her, unlike many of her peers, the pressure is off. The 28-year-old Queen’s University commerce grad is living in the basement of the rented mid-town Toronto townhouse where she is also building her business. On the upper two floors, she runs … [Read more...]