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Tag Archives: First Time Home Buyers

Supply and Demand: The best time to buy a house is sooner than later

Supply and Demand: The best time to buy a house is sooner than later

Supply and Demand: The best time to buy a house is sooner than later: Supply and demand is a challenge for 2018. Over the years, history has shown that demand for new houses usually exceeds available supply. That’s why houses continue to rise in cost. Consequently, ‘now’ is usually the best time to buy. Talk to us, and let us show you how you can afford that new home sooner than later.

 

Call me or email me if you have any questions! We love helping people with technically-supported honest mortgage advice!

© Sandra Lastovic is the Principal Broker with the Mortgage Centre in Guelph. With over 15 years’ experience and holds a M.Sc. from the University of Guelph. She was recently ranked at the top 75 agents in Canada by The Canadian Mortgage Professionals annual survey and 2017 Most Influential Women in the Mortgage Industry. She can be reached at 519-763-3900 x1001 or www.skipthebank.ca™


What to do with your mortgage given the rate increase by the Bank of Canada

What to do with your mortgage given the rate increase by the Bank of Canada

What to do with your mortgage given the recent rate hike by the Bank of Canada? We were expecting the Bank of Canada (BofC) to increase its overnight lending rate which has affected most of the different banks’ prime rates. This rate increase occurred a few days ago and will have a direct impact on your… Read More

Things to know when buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge

Things to know when buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge

Things you’ll need to know when successfully buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge. Get pre-approval before you list your home – requalify your mortgage. Other considerations are: Job changes Credit history changes Calculate the equity you’ll have Budget to help you keep on track Do a Buy/Sell Calculation Contact us… Read More

Should I buy a house now or wait until I have more money saved?

Should I buy a house now or wait until I have more money saved?

Canada Mortgage Housing Corporation (CMHC) has some interesting statistics available on home purchases. It normally takes people nine to fourteen months to decide to move. However, once someone has made the decision, they normally act promptly when they see a house they’d like to buy. For the first time in 2015 more first time home… Read More

Housing Market Outlook 2015 and projection for 2016

Housing Market Outlook 2015 and projection for 2016

New Home Market In the Kitchener-Cambridge-Waterloo (KCW) and Guelph areas, housing starts will be lower in 2016 and 2017 compared to 2015. There will be a greater decline in apartment starts (both condominium and rental) in KCW however, single-detached starts will increase slightly as the demand will remain strong and more land will become available… Read More

More money down required if you’re buying a home…but only if it’s more than $500K

If you’re buying a house for more than $500,000 you’ll need to have more money saved for a down payment. Outside of Toronto and Vancouver, most first-time home buyers can purchase a nice home for less than this. However, lenders are likely to pass future costs for mortgages down to consumers, find out more from… Read More