Fixed vs Variable Mortgages
Should you get a fixed or variable rate mortgage? The majority of Canadian’s struggle with understanding the difference in these two types of mortgages and what is the better option with most opting for the standard 5 year fixed mortgage. But is this the best option? The truth is that there is no straight forward […]
How Much Are Closing Costs for a Home?
We often get asked this question:
How Much are Closing Costs When Buying a Home in Ontario?
A very important (but often overlooked detail) when purchasing a home in Ontario is how much the bank wants to see set aside of your own money for the closing costs. As a general rule of thumb this works out to about 1.5% of the purchase price.
