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When Do Mortgage Payments Start With a New Condo?

When Do Mortgage Payments Start With a New Condo?

by Rakhi Madan | Mar 4, 2017 | First Time Home Buyer, Purchases | 0 comments

The condominium market in the GTA experienced a record year in 2016, with no signs of slowing down. Strong demand, low supply and rising development costs translate into an average price of $507,128, an 11.9% increase over the previous year. At the end of 2016, 54,731...
What Happens When A Home Sale Falls Through?

What Happens When A Home Sale Falls Through?

by Rakhi Madan | Mar 2, 2017 | First Time Home Buyer, Purchases | 0 comments

Every homebuyer eagerly anticipates closing day. With the home purchase process completed, ownership of the property transfers from the seller to the buyer – you! Closing date is negotiated as a condition of sale. You’ll typically have several weeks between the date...
Is Today The Right Day To Buy Yourself A Home?

Is Today The Right Day To Buy Yourself A Home?

by Rakhi Madan | Mar 1, 2017 | First Time Home Buyer, Purchases | 0 comments

Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our social circles and most of the chatter around the...
Got a Pay Raise and Still Don’t Qualify?

Got a Pay Raise and Still Don’t Qualify?

by Rakhi Madan | Dec 26, 2016 | First Time Home Buyer, Purchases, Qualifying | 0 comments

Owning a home and saying goodbye to your landlords is something many of us dream about often. It can seem straightforward to save a down payment, and after you get a raise you might think you’re finally ready. Take Bob, who thought he was doing everything right. Bob’s...
5 More Steps in the Home Buying Process

5 More Steps in the Home Buying Process

by Rakhi Madan | Dec 19, 2016 | First Time Home Buyer, Purchases | 0 comments

I hope that you have read my last blog post on the first 5 steps in the home buying process. Once you’ve read that you’ll be wondering what’s next? Here are the next five steps in the home buying process Step 6 You’ve found a home that fits your budget, checks all the...
5 More Steps in the Home Buying Process

The First 5 Steps In the Home Buying Process

by Rakhi Madan | Dec 12, 2016 | First Time Home Buyer, Purchases | 0 comments

There are few things in life we find as exciting and at the same time overwhelming as starting on the road to home ownership. It’s likely you’ll be the on the receiving end of advice from parents, family, and friends, all of course with the best of intentions. Often...
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