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Category Archives for Homebuyers’ Resources
Home Maintenance Tips – Summer

Summer Home Maintenance Tips • Monitor basement humidity and avoid relative humidity levels above 60 per cent. Use a dehumidifier to maintain relative humidity below 60 per cent. • Clean or replace air-conditioning filter, and clean or replace ventilation system filters if necessary. • Check basement pipes for condensation or dripping and, if necessary, take

About Mortgage Insurance

What is CMHC Mortage Loan Insurance? Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment of 5% — with interest rates comparable

Real Estate Glossary

Acceleration clause: A clause written into a mortgage agreement to allow the lender to accelerate or call the entire principal balance of the mortgage, plus accrued interest, when the borrower is delinquent with payments. Adjusted cost base {ACB}: The value of real property established for tax purposes. It is the original cost plus any allowable

About Our brokerage

Royal LePage has clout. It’s the largest Canadian-owned, full-service real estate company, with over 16,000 sales representatives at over 600 locations from coast to coast. Royal LePage Realty Plus Part of a century-old tradition of helping buyers and sellers achieve their goals, Royal LePage Realty Plus offices in Mississauga and Oakville support over 130 agents

How much can you spend on a new home?

How much house can you afford to buy? Both new and seasoned homebuyers need to determine how much house they can afford before they decide to buy. The purchase price is a good starting point but associated fees and costs must be considered to ensure the purchase will be manageable. How much down payment? When

About closing costs for buyers

When buying a new home, remember there are costs outside of the deposit and down payment. Certain costs arise before the closing, at time of closing and after closing (carrying costs). At AD Real Estate, we ensure our clients are fully aware of all potential costs and expenses early in their search for a new

10 Mistakes Buyers Make When Purchasing a Home

With well over 10,000 real estate transactions happening in 2015 across the GTA alone, there are bound to be a few mistakes. Mistakes are avoidable! We have our finger on the pulse of our market in Mississauga, Oakville and Milton and we’re in touch with buyers and sellers every day. We assist our clients with

Homeowner’s Insurance

Homeowner’s Insurance is important because it protects both the place you reside and what is likely your greatest asset. Most lenders will require some form of insurance equal to the amount of the outstanding mortgage or the building’s value. A homeowner’s insurance policy will also protect your investment against unfortunate events such as a house

The importance of home inspections

Buying a home is likely one of the largest purchases you will make in your lifetime. Even if you’re overjoyed at finding your immaculate dream home or affordable fixer-upper, you are investing in your future and you want to make wise, informed decisions. We urge our clients to protect themselves by hiring a qualified home

About Purchase and Sale Agreements

Understanding what makes up a Purchase and Sale Agreement when buying a home in Ontario: price, deposit, terms, conditions, inclusions and exclusions, conditional offers and sign backs. Tips for home buyers from our GTA Real Estate Blog

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