If you’re renting in London or Middlesex and don’t currently own a home, you may qualify for the Homeownership Down Payment Assistance Program. It provides up to 5% of the purchase price, capped at $25,000, as an interest-free loan that can be forgiven after 20 years, as long as program requirements are met. This support […]
London’s Market Reality Check London isn’t cheap anymore—but it’s still one of the most liveable cities in Ontario. The influx of Toronto and GTA buyers over the last five years reshaped prices and pace. The good news? You still get far more house for your dollar here than in the big city. The bad news? […]
In Ontario, a mortgage pre-approval is a lender’s conditional commitment to loan you a specific amount of money for a home purchase, based on an initial assessment of your financial situation. Here’s how the process works: 1. Applying for Pre-Approval You’ll need to provide the lender with:✅ Income Verification – Pay stubs, T4s, employment letter, […]
The standard Purchase and Sale Agreement in Ontario gives the buyer two options when it comes to real estate deposits: 1. pay the deposit at the time of making the offer – “herewith” or 2. within 24 hours of the having the offer accepted – “upon acceptance”. Most buyers prefer the latter as there is no point in […]
Sometimes in the heat of the moment buyers forget to look beyond the aesthetics when viewing a house for sale. Once you have found the one you love you should go through this checklist designed to help buyers evaluate the condition of a property and identify potential issues: Exterior: Roof: Check for missing or damaged […]