The Pros and Cons of Buying First vs. Selling First

January 13, 2020 Sean Cooper 1

A big decision when you’re looking to move is, should I buy first or sell first? It depends. It depends on the real estate market you’re buying and selling in, your tolerance for risk and whether you can afford to carry both home if possible. Let’s look at the pros and cons of buying first versus selling first to help […]

Ways to Pay Down Your Debt Sooner: Debt Avalanche vs. Debt Snowball

January 27, 2019 Sean Cooper 0

I hope you enjoyed the holidays and 2019 is off to a great start for you! By now you’re probably receiving your credit card statement in the mail. If you’re like half of Canadians who live paycheque to paycheque, you’re probably dreading opening it. When you’re swiping and tapping your credit card, it’s easy to lose track of how much […]

The Importance of Budgeting for Closing Costs

April 30, 2018 Sean Cooper 0

An often overlooked cost associated with purchasing a home is the transactional cost. First-time homebuyers buying a home with the minimum five percent down payment are often guilty of not putting enough money aside to cover closing costs. Here’s a fact that may shock you – closing costs can amount to anywhere between 1.5 percent and 4 percent of your […]

Everything You Wanted to Know About Condo Living

April 22, 2018 Sean Cooper 0

Are you looking at getting into the real estate market in the near future? Then chances are you’ve considered buying a condo. Condos are an attractive option for two main reason: affordability and lifestyle. Condos tend to be more affordable than single-family detached homes, making them an attractive option for first-time homebuyers. Condos also tend to come with less responsibilities […]

Down Payment vs. Deposit – What’s the Difference?

March 21, 2018 Sean Cooper 1

If you’re like most homeowners, purchasing a home represents the single biggest financial transaction of your lifetime. And two of the most important payments leading up to the closing of your new home are the deposit and down payment. As a first-time homebuyer, it can be easy to get the two mixed up (both start with the letter “D”). Although […]

Qualifying for a Mortgage: The 4 Factors Lenders Consider

March 11, 2018 Sean Cooper 0

Picture this: after months of searching, you find your dream home, so you make an offer and it’s accepted. Congrats, you can finally call yourself a homeowner! Well, not quite yet. I hate to burst your bubble, but unless you can afford to pay for the home in cash, you’ll need to take out a mortgage. If this is your […]

Here’s What You Need to Know About the New Mortgage Stress Test

January 3, 2018 Sean Cooper 0

Canada’s banking regulator OSFI (short for Office of the Superintendent of Financial Institutions) has become quite the water cooler conversation topic these days. “How ‘bout them Blue Jays?” has been replaced with “did you hear about the latest mortgage rule changes?” Although these were perhaps the most anticipated mortgage rule changes in history, there’s still some confusion about them – […]