downpayment: Thinking of Buying an Investment Property? - 08/03/16 11:25 PM

Whether you already own your home and are thinking of getting into real estate as an investment, or if you want to start with an investment property, this information will help with your planning.
The points below apply to rental properties that are single homes or condos, or multi-unit properties up to 4 units. These fall under regular residential lending rules. Five units and up, or commercial properties are treated differently for financing.
 
Down Payment – To purchase an investment property (which you are not going to live in) up to 4 units, you need to have a minimum of 20% of … (2 comments)

downpayment: A tax credit all first-time homebuyers should know about - 02/29/16 12:38 AM

Over my 30 years as a realtor, one of the things I’ve enjoyed the most is helping first-time buyers enter the Ottawa real estate market and purchase their first home, whether it’s a traditional detached home or a high-rise condominium apartment.
It’s rewarding to see the excitement on buyers’ faces when they hear that their offer on a home was successful and they will finally move in to a place they can call their own.
I also love helping people who have perhaps felt they can’t enter the market because they haven’t raised enough for a downpayment or some of the … (2 comments)

downpayment: Buying your first home? CREA offers Homebuyer’s Road Map to prepare - 01/22/16 05:37 AM
Canadian Real Estate Association offers Homebuyer’s Road Map to help prepare  
If you’re thinking of entering the real estate market and buying your first home, whether it’s a traditional detached residence or a condo apartment with a panoramic view of the city, it helps to do some reading and preparation in advance to become acquainted with the entire process.
First-time buyers often find there is more to learn about the process than they were expecting.
As a realtor with 30 years of experience, one of my roles is to help my clients prepare and know what to expect along the way. If I’m … (0 comments)