First Time Buyers

First Time Home Buyers – Tips, Grants, Rebates and Government Programs

Knowing what you can afford is the absolute first step to buying a home in Collingwood or the Blue Mountains. You don’t want to go looking for homes and come up empty-handed because you thought you could afford more than you actually could! When it comes to mortgages, a stress test is a way of determining exactly how much you can afford and under what circumstances. For example, if your income was...

New Stress Test for Borrowers Comes into Effect November 30th

November 30th marks the date when the new “stress test” is enacted for high ratio mortgages. The new criteria will affect first time buyers and home owners wishing to finance their home with less than a 20% down payment. This move by the Federal Government is just one of a few more changes that will affect home buyers and have been announced in the last few months. High Ratio Stress Test Buyers...

5 Mistakes First-Time Homebuyers Make

First-time homebuyers are eager to get out of their parent’s homes or stop renting and purchase their first home. The problem with eagerness is that it can easily lead to mistakes and these mistakes can be costly. Not getting a home inspection You’ve found a home in Colllingwood you love and you aren’t going to believe anyone if they tell you something is wrong with it. That mindset could cost you...

Compare listings

Compare