📣🏡 63% of Canadian non-owners have given up on buying a home, according to Ipsos. Additionally, more than two-thirds of Canadians (67%) agree with the idea that owning a home is only for the rich, with those sentiments rising to 76% among non-owners. Home ownership is NOT dead... 📣🏡
💡I've put together tips on how to get ahead and prepare you to buy your first home! 💡
① First-time home buyers in Canada are facing the toughest real estate market. People wait too long to try and find a Realtor. You should be planning one year ahead. It will be an honour to guide you along the way and get you ready to buy your first home.
② Look at your finances and evaluate your finances. What can you cut to save? How much can you put away for a down payment? Change your spending habits.
③ Work with a qualified mortgage agent to assess your affordability. They will help set your expectations properly and flag all additional costs.
④ List your requirements - your needs, wants, must-haves & non-negotiables. This will give me an idea on what to look out for in the market.
⑤ Remember that buying a house is also buying into a neighborhood. If you don't like the neighborhood, you will regret your purchase.
⑥ Once you know the status of your financial health and affordability, start planning ahead so you're fully prepared.
⑦ First time home buyer incentives - they exist! Tax-Free First Home Savings Account, First-Time Homebuyer Incentive, to name a few.
⑧ Lastly, be open-minded, focused & dedicated to your plan. Trust the process, be sharp and stay laser-focused.
💁♂️ Sounds intriguing? How badly do you want to own a home? 🏠
Book your appointment with me and let's prepare you for your future.
