Tag Archives: home


Top home buying lessons


In addition to calling upon a realtor for the purchase of your home, here are some tips provided  by homeowners.

The good:

  1. Think about the future

It’s essential to consider your needs, lifestyle and financial resources when choosing location. Because after many years, there’s nothing better than truly feeling at home!

  1. Save up a good down payment

Wait until you have a decent down payment from your personal assets so you can get a reasonable mortgage and cover the 3% to 5% start-up costs. About 88% of buyers manage to do it by using their personal savings, including RRSPs and investments. About 41% of buyers save up a down payment of at least 20%; for 31%, it’s between 5% and 19%.

  1. Look into the HBP

The Home Buyers’ Plan (HBP) is a government program that allows you to withdraw up to $25,000 from your RRSP (per person) to buy or build a home. You have up to 15 years to pay it back interest-free.

  1. Do the math

Get preapproved for a mortgage so you can determine your budget and narrow your search to properties that meet your criteria.

  1. Speculate

Buy a house in a neighbourhood that’s going up in value and focus on the value of the land. What criteria should you consider to evaluate the area’s economic situation? Proximity and diversity of businesses and public services (e.g., schools, daycares, parks, hospitals, public transit) are good examples.

On the not-so-good side, here’s what they reported:

  1. Skipping the home inspection
  2. Underestimating the time and cost of renovations
  3. Accepting a purchase offer with a closing day that doesn’t leave you enough time to find a new home
  4. Not dealing with a mortgage broker
  5. Not insisting that the former owners clear out the house completely before you move in

To find out more about the housing sector, visit www.desjardins.com/home. You can also contact a Desjardins mortgage representative at 1-844-626-2476.

Source: www.desjardins.com/co-opme

A range of solutions for your home projects

With the last days of summer drawing near, you are probably on the lookout for a new project. You are wondering what you could do or work on and suddenly it comes to you: your home. Whether you plan to buy, sell or renovate your home, National Bank has a range of financing products to help you out.


Mortgage loans1

If you are looking for peace of mind, you may want to consider a fixed-rate mortgage with set monthly payments for the entire term of the loan. Not sure what is best for you? Try a made­to-measure mortgage, where part of your loan is financed at a fixed rate and part at a variable rate. Continue reading

An efficient workspace

You’re sick of your home office. You’re often being bothered or your space is poorly structured. You decided to dedicate part of your vacation to renovating your workspace, or possibly even creating it if you have just joined the ranks of the self-employed.

The door to your office isn’t insulated enough? There is a draconian solution: take the office out of the house, which is something many people have done. Some have even renovated a room near the family home, even if it involved paying rent.

Why not convert the shed into a workspace? That was the solution for author Roald Dahl (Charlie and the Chocolate Factory played by Johnny Depp in the movie) and Russian writer Anton Tchekhov, who set up a pavilion behind his property.

You could also use the garage. Some self-employed workers have also set up their offices there.

A less radical solution: build an outside door and cover the one that connects to the inside of the house.


You have to expand the space between you and your family, your friends and your neighbours, who will not hesitate to travel the short distance to go and bother you.

If none of these ideas work for you, try the attic. It’s a space worth considering. Self-employed workers often take refuge in the basement. However, it’s harder to go upstairs than it is to go down. Your entourage will be less inclined to bother you.

If you want to keep your current office. Add a separation between you and your entourage. It could be a screen, a glass partition wall or even a bookshelf that covers the wall. The more massive it is, the more efficient it will be. Continue reading


Helpful Tips of the Month from BMO

Six ways to make buyers go wild when they see your home.

Curb appeal and home decor can have a big effect on potential homebuyers.

If you’re planning to sell your place, consider “staging” it — prepare and showcase your property for sale.

From major renovations to relatively minor decorating tweaks, sprucing up your property before you list it just may help you sell it quicker.

Whether you have no spending limit ― or need to stage on a shoestring budget ― here are six tips that may just help you set the scene: Continue reading

Common mistakes of first-time buyers

Are you a first-time buyer hoping to find your dream home? Stop and take a look at the common mistakes of first-time buyers so that you don’t get trapped.

Not thinking long term

Your family will grow and your needs will change. Clearly determine your needs by thinking long term. Moving is expensive, so ideally you should avoid moving too often.

Not budgeting for all home ownership costs

When you purchase your first home, you need a comprehensive budget that takes into account all the costs associated with this major transaction. You should make provisions for inspection and notary fees, moving expenses, home improvements (painting, decorating, accessories, etc.), furniture, equipment, transfer costs, municipal and school taxes, insurance, maintenance, etc.


Getting caught up in looks

All too often, first-time buyers are swept away by the cosmetics of a property. Staging a home can definitely make it more appealing. It enhances the overall look and feel of the property and makes a fantastic first impression on visitors. However, don’t be distracted by furniture and décor. You need to objectively assess a property’s potential; otherwise you could miss out on a great opportunity. Continue reading