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1 day ago · Why Focusing on Price Matters More. There’s a solid argument for prioritising the home price over the interest rate, especially given the long-term financial impact. Consider this: if you wait for a lower interest rate but home prices increase during that time, you could end up paying more overall. A higher purchase price means a larger down ...
2 days ago · The majority of young Canadians still feel homeownership is an achievable goal, according to new polling released Tuesday from Royal LePage.
Sep 4, 2024 · Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.
3 days ago · Closing costs can vary, but you can expect to pay roughly 1.5% – 4% of the home’s purchase price. For example, closing costs on a $300,000 home could cost you anywhere from approximately $4,500 – $12,000.
3 days ago · As an estimate, you can expect to pay between 3%-7% of the price of your home in REALTOR ® fees. In Canada, generally the seller pays the commission to both the buyer and seller agents.
5 days ago · However, some expenses that shouldn’t be left out for many Canadians are rent, utility bills, insurance, debt repayments, transportation, emergency funds and food. Use the personal and household expenses lists below as starting points to help you decide what to include in your monthly budget.
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2 days ago · According to the Bank of Canada, 2020 saw an “unprecedented increase” in savings of about $5,800 per Canadian, totalling $180 billion. (About 40% of this amount was accumulated by high-income...
