Why buy a home? History shows owing a home is a good investment. Over the last few years in Canada homes have appreciated considerable, adding substantially to the net worth of home owners. And, like any good investment, your principal residence is exempt from capital gains taxes. A win/win opportunity!
Arm yourself with information before you sign on the dotted line. Before you start looking, ask yourself the following questions:
How do you know what price range you should be considering for your new home? Your Re/Max real estate agent can help you figure this out, or you can check out the Re/Max mortgage & affordability calculator to help you determine the maximum monthly payments you can afford which in turn determines how much of a mortgage you can carry.
Check out the Re/Max mortgage & affordability calculator.