Tag Archives: property

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A Guide to Group Buying

Has the thought of buying a property with someone else or with a few people ever crossed your mind? It’s actually possible, but the experience requires discipline.

Buying a property collectively with a relative, either a friend or a family member, is often the ideal solution, especially since access to a property appears to be getting sparse these days. The constraints are numerous: a tightening of mortgage rules, a record high in household debts and difficulties in establishing a budget.

It’s a simple matter of mathematics. The more people are paying for a property, the lesser the amount each one has to pay for it. However, as any other joint enterprise, there are risks. Several things must be taken care of, such as contribution amounts, task distribution as well as the temperament of each and every one.

Hence, the importance of sticking to a protocol, not only to achieve the ultimate goal, which is buying a property, but also to prevent the relationships between the co-owners from going sour.

Erica Nielson, from the RBC Bank, offers advice to help you make your group purchase a success and not a source of problems.

Here is precisely her advice: Continue reading

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We will live on bridges

The statement is taken from a book that contains the predictions of a French scientific committee and it’s serious.

Baby boomers will not live on bridges, but their children might. At least according to the book Les 50 innovations qui vont bouleverser notre vie d’ici 2050 (The 50 innovations that will change our life by 2050).

It won’t be the first time in history. Building on bridges was common practice in the Middle Ages and the Renaissance. Take the Rialto Bridge in Venice and the Ponte Vecchio in Florence. But they are small bridges, or giant walkways, depending on how you look at it.

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Buying a first home: 9 steps

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The purchase of a first house involves reflection and planning. By following the proposed stages, you will put all the chances on your side to make your project a success. More details for these steps are available by clicking the following links, or go to National Bank’s website www.nbc.ca

 1. Calculate your borrowing capacity

Estimate how much National Bank could give you to buy your property.

Your National Bank advisor can help you calculate your borrowing capacity by reviewing your financial situation. You can also have an idea of your borrowing capacity by using our calculation tool. Continue reading

Buying a first home: 8 steps

Source: iStockphoto LP

The purchase of a first home requires some thought and above all, planning. You can enhance your chances of success.

1. Calculate your borrowing capacity

Estimate how much National Bank could give you to buy your property.

Your National Bank advisor can help you calculate your borrowing capacity by reviewing your financial situation.

Continue reading