Episode 292
Essential Questions Every Home Buyer Needs to Ask
The Canadian Real Estate Investor · Daniel Foch & Nick Hill
April 22, 202549m 12s
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Show Notes
The common questions in the Canadian real estate market- Answered! We address concerns from both buyers and sellers in a challenging market environment.
- A detailed guidance on the home-buying process, starting with saving for a down payment and getting pre-approved for a mortgage, followed by finding a real estate agent.
- Comprehensive breakdown of closing costs is provided, with recommendations to budget between 1.5% to 4% of the purchase price, including various fees like legal costs, land transfer tax, and property adjustments.
- buying versus renting, discussing pros and cons of each option - such as equity building and stability for buying, versus flexibility and lower upfront costs for renting.
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