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, […]
Summary of FTHBI Program Incentive 5% for existing homes, 5% or 10% for new builds Benefit Reduces monthly mortgage payments Repayment No ongoing payments, non-interest bearing, repayable at any time without penalty Eligibility First-time homebuyers, income and property type restrictions apply Property Types New construction, re-sale home, new and re-sale mobile/manufactured homes Equity Sharing Government […]
Don’t Call the Agent on the Sign As a buyer it costs you $0 in commission to buy a house. The commission is totally paid by the Seller. It would make sense then to have your own representative who’s single purpose is to represent your best interests.