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4 Things to Consider When Buying a Home in Canada
Posted on Sun, 15 Jul 2018, 11:05:00 AM  in Home buying tips
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4 Things to Consider When Buying a Home in Canada

4 Things to Consider When Buying a Home in Canada

Buying a home can be a scary process, especially if it's your first time. There are many things to consider and it can be a very stressful process. Thankfully, there are a number of things you can do to ensure everything goes smoothly. Here are four things you should consider when buying your first home.

 

  1. Be Sure to Get Pre-Approved for A Mortgage

It can be hard to find a Real Estate Agent who is willing to sell you a home if you're not pre-approved for a mortgage first. Plus, you don't want to risk finding the perfect home only to discover you can't really afford it. No matter what your yearly salary is, if you have dings in your credit, it could affect the mortgage approval process. When you're being approved for a mortgage, your credit is one of the main things considered, along with your income and the amount you will be putting down. Most first-time homebuyers aren't able to put down the typical 20 percent when purchasing their first home, but the bigger the down payment, the smaller the loan you need to take out. Many young homebuyers may be able to pull money out of their Registered Retirement Savings Plan as a way to increase the amount of their down payment.

 

  1. Find a Good Agent

Once you've been pre-approved for a mortgage and are aware of how much you can afford to spend, it's time to look for a REALTORŪ. This isn't something you need to do when buying a home, but it's certainly recommended. A real estate agent will be able to guide you through the process and use their knowledge and contacts to get you the best deal on your perfect home. Not to mention, you can't go wrong by having someone in your corner to be your advocate during the home buying process.

 

  1. Be Willing to Compromise

You may be going into the home buying process thinking that you'll get your dream home right off the bat. But in reality, you may need to make sacrifices. Remember, you can always renovate, and a first-time homebuyer, this likely won't be your forever home, so everything doesn't have to be perfect. Make sure you're not focusing on cosmetic things, but instead considering the location, layout, size of the lot, and the condition of the home.

 

  1. Closing Costs Shouldn't be Forgotten

The Canada Mortgage Housing Corporation (CMHC) suggests putting aside an extra 1.5 to four percent of the purchase price of your home just to cover the closing costs. These extra costs at the end of the buying process can really add up. You should also be sure to put aside a little extra dough in case you need to make a major repair later on. It's never a bad idea to think ahead.

 

Buying a home for the first time can be an exciting and terrifying process, so it's important to consider all of these things before you dive right in. Be sure to do as much research as possible and consult with a professional throughout the process. Having as much information as possible will help you ensure you get the home of your dreams at the right price.


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5 Tips to Consider when Buying Vacation Property
Posted on Fri, 15 Jun 2018, 01:50:00 PM  in Home buying tips
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5 Tips to Consider when Buying Vacation Property

5 Tips to Consider when Buying Vacation Property

Owning a vacation home can be a dream come true for some, but it can also be a very ambitious undertaking. A vacation home can be a source of pleasure along with rest and relaxation, as well as a long term investment. Before jumping into the deep end of the vacation property pool let’s discuss five tips to consider when purchasing vacation property.

 

1.) It is important to spend time in the area before putting down your hard earned cash to purchase property. Because you will be spending a significant amount of your free time there, it is essential it is someplace that simply takes your breath away.

 

2.) One of the most important considerations is keeping the place secure when you are not there. An option for this is to hire a property manager who will make sure the property is maintained as well as keep an eye on the place when you are not there. It may sound like an extravagant cost, but compare the price of a property manager to the cost of repairing damage such as frozen or broken plumbing, storm damage and even vandalism, especially if goes unnoticed for a period of time. It may also be worth the cost of a security system that you will be able to monitor via mobile device.

 

3.) It is essential to know what all the costs of ownership are going to be. Costs include insurance, property tax, upkeep, security if such a system is installed, and property management if you decide to go that route, utilities, trash removal, and costs associated with shuttering the property for the season and opening it again next time around. Don’t forget seasonal care such as landscaping and lawn mowing and snow removal are costs to be included.

 

4.) A vacation property purchase may include plans to rent the property. The benefits are collecting rent will help pay the mortgage and maintenance, but it will also bring a set of additional tasks including managing rentals and cleaning the property after the renter has vacated the premises. Unless renting your property is a full time job, it will take schedule juggling from time to time to keep the place ready and available at all times. A property manager and cleaning crew might be just the ticket for successful property rental. If rental is part of the property management plan, it is important the location is a place others want to visit.

 

5.) Another important consideration is getting to your vacation property. As nice as it sounds to have a place at the beach or high in the mountains, if it becomes a chore to get there, your vacation get away may not see much use. The best option transportation wise may be the most direct. An hour or two of driving door to door may most likely be the best option. If it takes a flight, a car rental or a dozen transfers to get where you are going, it might be best to rethink the location. Of course if the vacation property is for seasonal use where you will be spending most of the season getting there may not be an issue.


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10 Hacks To Make Your Move An Easier Experience
Posted on Tue, 15 May 2018, 02:00:00 PM  in Home selling tips
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10 Hacks To Make Your Move An Easier Experience

You may have a lot of work ahead of you when moving, but it does not have to be a dreadful experience. There are many hacks to get you through the moving process without tearing your hair out. All you have to do is find the hacks that work for you. Here are 10 hacks to make your move an easier experience.

 

Purge Your Belongings: You can make packing and unpacking an easier task by purging your belongings. Donate or sell the items you never wear or use, and discard the items that are expired or damaged.

 

Create A Schedule: There are several tasks that need to be done before a certain day, from changing your address to preparing your refrigerator. You can stay on top of these tasks by creating a schedule.

 

Gather Your Boxes: You can obtain boxes even if you are on a tight budget. Simply ask retailers if you can have their gently used boxes. If you are worried about worn out boxes, you can add a layer of protection by securing the bottom of each one with packaging tape.

 

Packing Supplies Basket: It is always frustrating to misplace your supplies when it is time to pack. You do not want to spend time looking for your scissors, tape or labels. Use a box or bin to store and carry your packing supplies. You can even invest in a craft tote with compartments to keep your supplies organized.

 

Pack Your Immediate Essentials: Pack a box of the items you need on the first night and following morning in your new home. This makes it easier to relax after a long day of moving. The contents may include bedding, clothing, toiletries, medications and towels.

 

Pack Disposable Dinnerware: You are going to be too tired to dig out your dishes right away, so pack disposable plates, cups and utensils for quick meals. Using disposable dinnerware beats doing the dishes after hours of loading and unloading boxes.

 

Pick Up Easy Meals: You may order a pizza on moving day, but you still need snacks and meals for that night and the following day. Once you arrive to your new home, head to the grocery store for items such as bread, peanut butter, cereal, granola bars and milk.

 

Plastic Wrap Your Containers: Plastic wrap containers such as utensil trays and dresser drawers to keep them shut during the move. You can even keep the items inside the drawers to make packing and unpacking a breeze. All you have to do is place them in their designated rooms and unwrap them.

 

Cut Handles In Boxes: Use a box cutter to cut triangle-shaped holes near the top of each side of your boxes. You are going to use the holes as handles for easier lifting and carrying. One idea is to cut the holes in a U-shape to fold in when carrying or close during transportation.

 

Use A Rubber Band On Your Door: Imagine accidentally locking yourself out when loading and unloading your boxes into your vehicle. This is bound to happen when you are constantly going in and out of the house. Place a rubber band on one doorknob and stretch it around to the other doorknob. This technique keeps your door from shutting and locking as you are loading and unloading your boxes.

 

There are so many hacks to make moving easier, and you may be able to learn more from your REALTORŪ. Their years of experience in the industry have made them experts on packing, moving and settling into a new home. Use the hacks to make moving an easier experience for everyone.


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What Opportunities Does Canada Have For Business?
Posted on Wed, 31 Jan 2018, 02:50:00 PM  in Home buying tips,  Home selling tips
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Diverse Competitive Economy and OECD Country

Canada features a very diverse and competitive economy, being an OECD country. Furthermore, it also happens to be one of the easiest countries to start a business in, being #2 after New Zealand. The country also has a relatively high level of income, with a median income level of $43,660. Comparatively, the country also offers an easy system for paying taxes and resolving insolvency.

 

Canadian Advantages Over Other OECD Countries

What Opportunities Does Canada Have For Business?Canada also has a few other advantages over other OECD countries. First, Canada is politically stable. Recent studies have ranked the Canadian banking system as being the most stable one in the world. This confidence in the banking system creates an atmosphere where you are able to grow your business. There are also fewer banks, but they are very well regulated.

 

NAFTA Membership Creates Opportunity For Trade

Canada is also a member of the North American Free Trade Agreement which allows you to have duty free access to the United States and Mexican markets for many products. NAFTA aims to create opportunity for investment and growth throughout North America. NAFTA also means lower prices for Canadian companies and consumers.

 

Natural Resources Abound in Canada

Canada is also known for being an abundant source of natural resources. Coal, silver, iron ore, natural gas, gold, copper, and timber all count among the natural resources that can be found within Canadian borders. Canada has a entire government department established to ensure that the natural resources are managed appropriately, and they also help out with mapping and remote sensing to identify new sources of natural resources.

 

A Bilingual Population With English and French

Canada also has a bilingual population, as people speak both English and French. This positions Canada for being in a great place to conduct business throughout the world. Many emerging economies in Africa speak French, which means that you will have a source of native French speaking Canadians whom share the same language as people in emerging markets.

 

Transparent Regulatory Environment

The Government of Canada is also very transparent with the regulatory environment. For you, this means that regulations and other procedures related to the government are fairly simple to deal with and understand. Many other places have a regulatory mess which can be very dfificult to understand and manage.

 

Diverse Economy

Manufacturing, services, and natural resources are the dominant industries, with Royal Bank of Canada being the largest company. The benefit of this is it creates a diverse set of industries. A diverse set of industries means a economy with opportunity for your business to make a mark upon the Canadian economy.

 

Consider Services of a Realtor to Assist in Finding The Right Place To Live

Many whom relocate to Canada often consider the services of a REALTORŪ for assistance in locating a new property. A REALTORŪ can be a great resource because of the expertise that this individual has on which neighborhoods are safe and which places are generally desirable to live in.


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Purchasing a Home: Consider the Electric
Posted on Mon, 15 Jan 2018, 02:45:00 PM  in Home buying tips,  Home selling tips
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When you're researching, visiting and examining possible houses to purchase, you'll have a number of factors to explore. While you may feel tempted to primarily focus on aesthetic elements during these inquiries, don't forget about the importance of what's below the surface. Keeping some considerations in mind when it comes to the electric can help to keep you and your loved ones safe.

 

Inspection

Purchasing a Home: Consider the ElectricAn inspection on a home is imperative, and you'll want to ask about the current condition of the electric. If any question exists about its safety, then you should look into resolving those issues. In fact, consider pursuing this option before you commit to purchasing the home. You might decide to buy the home only if the current owner addresses the safety issues.

 

Insurance

Buying home insurance is a vital part of home ownership. When certain safety issues or code violations with the electric are present, you may find that procuring proper insurance is difficult or impossible. Researching insurance options and electric upgrades can help you to resolve this problem.

 

Old Wiring

While old wiring in and of itself might not pose a threat, the fact that it has likely worn down over the years can. Before buying a house with old wiring, you may want to consider having the entire home rewired.

 

Circuit Box

The circuit breakers in the home help to protect against fires in the electrical system from occurring. You might think that you have this level of protection simply because a circuit box exists. However, due to age and wear, some of the breakers may not function properly anymore. Upgrading the circuit box is another way to keep your home safe.

 

Few Outlets

Consider how much technology has grown in just the last decade or so. People are certainly plugging in more devices that they did in the past. As a result, you want to make sure that the house has enough outlets for your needs and to meet with current codes. You might think that grabbing some extra extension cords from the store will help with this issue. However, extension cords can pose some dangers.

 

Ceiling Lights

Instead of having to plug lamps in all over the house, you may want to have ceiling lights. Check to see how many ceiling lights are present in the home. If there are not enough for your desired use, you can look into the cost of having them installed before you purchase the home. You will also want to make sure that the house can support these lights.

 

Abilities

You also want to make certain that the house can supply the necessary energy for all of your appliances. For example, you don't want the lights all over the house to dim every time that you turn the washing machine on, and you don't want to constantly trip the breakers.

 

Qualified Electrician

When it comes to the electric, you might be tempted to make some of the repairs yourself in order to save money. However, doing so could mean that you employ methods that are actually dangerous for the house. In fact, you could seriously injure or kill yourself while working with the electric. Instead of taking this precarious approach, make sure that you call a qualified electrician to perform the work for you.

Safety is a major priority in your new home, and the electric has a major connection to that element. Knowing what you're getting into and resolving any issues that you can now are wise decisions to provide you with greater peace of mind when you move in.


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Unique Wildlife That You Can Only Find In Canada
Posted on Thu, 30 Nov 2017, 03:40:00 PM  in Home buying tips
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Moving to Canada for the first time can be an incredibly exciting time in your life. The first few years of living in your new home is the optimal time to get out and go exploring. You can even break open your sense of adventure if you have lived in Canada but have recently purchased a new home.

Canada is an incredibly rich and resourceful place to live. There are many different types of environments ranging from bustling cities and buzzing beaches to serene lakes and calming forests. The diversity in people that you find in Canada is incredible. The diversity of wildlife living in Canada is equally as incredible. Once you have settled into your new home, get out and go find the animals listed below hiding in their Canadian homes.

Here are just a few animals that call Canada home:

 

Unique Wildlife That You Can Only Find In CanadaShort-tailed Swallowtail

The Short-tailed Swallowtail is an exceptionally beautiful black-brown butterfly with broken bands of yellow-orange and blue on its wings. It is found along the Atlantic Coast where the plants the support their survival thrive.

 

Vancouver Island Marmot

The Vancouver Island Marmot is found exclusively on the high mountains of Vancouver Island, British Columbia. It is the only known marmot to live in this location and can be spotted because of its rich chocolate brown fur and contrasting white patches.

 

Vancouver Lamprey

The Vancouver Lamprey is another species found on Vancouver Island, British Columbia. It is an eel-like parasitic fish with circular rings of teeth inside of its mouth. It has a blue-black or dark brown topside and light underside and is currently listed as a threatened species in Canada under SARA.

 

Gaspe Shrew

The Gaspe Shrew is a short, light-grey, slender shrew and is native to Quebec, New Brunswick, and Nova Scotia. It prefers to roam in areas with rock outcrops and highlands with steep slopes.

 

Richardson's Collared Lemming

The Richardson’s Collared Lemming has chunky, grizzly brown fur during the warmer months, and pure white fur to blend into Canada’s snowy winters. It has stunted features and can typically be found in the northeastern region of Canada.

 

Newfoundland Eelpout

The Newfoundland Eelpout is truly a scientific rarity. There are few, if any, pictures available but scientists describe its appearance as small, long, slender, and nearly dragon-like in appearance. It can be found along the Atlantic Coast in Canada.

 

Banff Springs Snail

The Banff Springs Snail is another scientific rarity. It can be found in just five of Banff’s nine hot springs- environments that are exceptionally low in oxygen and nearly inhospitable to other species. It is very small and its shell is coiled left-handed.

 

Copper Redhorse

Unlike its name suggests, the Copper Redhorse is an extremely rare species of fish. It is found only in the lowland rivers of southern Quebec and can be recognized by its blunt shape and coppery-tan scales.

 

Peary Caribou

The Peary Caribou is a small reindeer with dark grey fur during the warm months and white fur during the winter months. Its range spans all of Canada’s northern regions and occasionally across the border into the United States.

 

The animals listed above are by no means the only animals that you will encounter while living in Canada. These animals are simply animals that are found nowhere else on Earth. Remember to be safe on your adventures and to keep an eye out for these rare beauties.


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Tips to Use When Searching for Family-Friendly Homes
Posted on Fri, 15 Sep 2017, 12:20:00 PM  in Home buying tips
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The time has come to find a new home where you and your family will be happy and thriving. Seems easy, but it can be a challenging process. You have to decide what is a necessity, and what you could live without. Long gone are the days when you and your spouse could move into a fast-paced area with great shopping malls. While most attractions still matter, your main focus should be great school districts, access to emergency services, and kid-friendly neighborhoods. Here are some tips to use when you begin searching for a new home that you and your entire family can enjoy.

 

Get the Kids Involved

This is an important tip to consider when searching for a new home. You want to receive your children’s input because this will be their home as well. However, youfamily home do not want to take your children to countless open-houses. Limit the amount of homes that children walk through. If you take them to more than three or four open-houses, the children will lose interest and you will not receive an accurate point-of-view. You want the kids to remain focused and to give honest feedback. Go visit as many homes as you would like with your spouse, and then narrow it down to four or less before you begin taking the children to look the properties over.

 

Space Matters

On those weekends when the entire family is in the home, you want spacious living rooms and a media room where you can have family games and trivia, movie night, and more. However, you will also want extra space for the times when everyone wants to be alone. Family-friendly homes have spacious rooms where your children rest, do homework, or just relax without feeling overcrowded.

 

The bathrooms in the home are another feature to consider. It would be ideal for everyone to have their own bathroom. This will make school and work days less hectic.

 

School Districts and Emergency Services

Buyers with children should have these two things at the top of their list when searching for a new home. You want to make sure your children have access to the best schools. Do some research on the local schools and the type of community involvement those educational institutions have. This is very important. Go and visit some of the schools with your children, so they can get a feel of the atmosphere.

 

Be sure to choose a property that is near a hospital, police department, and other emergency services. You never know when an emergency will occur, but you should always be prepared when it happens. You do not want to drive long distances, or wait for long periods of time on an ambulance, when your child has been hurt. The safety of your children should always come first.

 

Features that Kids Love

Now that you have chosen the attractions and services that are necessary for most families, you want to take a look at those features that children prefer. While the location does not need to have all of your children’s top choices, you want to choose an area that offers them some fun features and attractions. For instance, playgrounds, toy stores, and movie theaters are features that typically draw the interests of children. Therefore, you will need to find a home that is within a good distance of those places. Keep in mind that while this is your home and you will be making the mortgage payments and major decisions, this is also your children’s home and their choices should matter.

The search for a family-friendly home does not need to be overwhelming. Reach out to an experienced real estate agent who can make the process as simple and stress-free as possible. She will have more useful tips that make the process fun, and tips that help your family make a great buying decision!


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Purchasing a New Home
Posted on Wed, 30 Aug 2017, 09:15:00 AM  in Home buying tips
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Canada is a country representing a wide variety of properties for sale. Home buyers may choose from a remote cabin in what closely resembles a wilderness area, or they may prefer a condo or townhouse located in the downtown area of a modern city. Their lifestyle and position in life will likely be the deciding factor when Canadians decide to purchase a home.

 

Retirees may search for a home where they are able to appreciate the beauty of nature if they aspire to an active and healthy lifestyle. Seniors who do not enjoy great health may prefer to live near a hospital or medical facility in case they experience a catastrophic health event. Younger people who have children also prefer to live further away from the city, but usually choose to be close enough that their commute to work is not too long. Residential communities located on the outskirts of larger metropolis areas are popular neighborhoods with children of school age. Singles and young couples in the millennial age group typically prefer to rent near thenew home city center, and many prefer to purchase a condo as an investment.

 

Canada's economy is relatively stable, and Toronto is one of the fastest growing cities in the country. The diverse metropolis is the capital of Ontario and is located on the shore of Lake Ontario. Toronto offers many employment and educational opportunities as well as a wide variety of outdoor activities. The number of new constructions and home improvement projects is a testament to Toronto's healthy economy. The Greater Toronto Area is a popular residential location due to the availability of transportation into the city center where most people are employed.

 

People who live in Canada are well aware of the frigid winter temperatures, but they have obviously come to appreciate the advantages of living there so much that the weather is tolerable. The far northern areas of the country are less occupied which is likely due to the much colder winters there. The most populated regions of Canada are situated in the southern half of the country.

 

When it comes to the Canadian climate, Victoria, British Columbia is the warmest. The city is located on Vancouver Island about 100 km south of the city of Vancouver. Victoria is British Columbia's capital city, and boasts amazing mountain and ocean views in nearly every direction. The peaceful atmosphere of the city is popular with retirees, although families and students are drawn to the wide range of outdoor activities that include biking, water sports, golf and zip lining.

 

Anyone planning to purchase a new home in Canada will be wise to contact a reputable REALTORŪ in their desired location. A real estate agent will be able to search for the type of property that meets their needs and wishes. While it may be quite possible to successfully purchase a private listing, a professional will guide them through the process with less risk of purchasing a home with problems. In addition, a REALTORŪ has access to homes that are just coming on the market or homes that are foreclosed and bank owned.


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