As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit and the down payment. It's important to understand what sets them apart so you don’t get confused when it’s time to secure financing on a property once you have an accepted offer.
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Deposit vs Down payment
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Getting on the Property Ladder
As property prices continue to rise across Canada, the conversation around "how to climb the property ladder" has made a subtle shift to "how to get on the property ladder in the first place." Especially if you're single. Whereas before it was assumed anyone would qualify to buy a starter home (or condo), nowadays with increased housing prices and the government making it tougher to qualify for a mortgage through a financial stress test, becoming a homeowner isn't a walk in the park. Qualifying for a mortgage on a single income is becoming increasingly difficult.
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Pandemic means new home buyers are tailoring homes to their perfect fit
Original Article Source Credits: EdmontonJournal , https://edmontonjournal.com/
Article Written By: Laura Severs
Original Article Posted on: April 22, 2021
Link to Original Article: https://edmontonjournal.com/special-sections/build-design-yeg/pandemic-means-new-home-buyers-are-tailoring-homes-to-their-perfect-fit
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Pattie Lovett-Reid: 5 tips for protecting yourself against higher rates
Original Article Source Credits: BNN Bloomberg , https://www.bnnbloomberg.ca/
Article Written By: Pattie Lovett-Reid
Original Article Posted on: Apr 23, 2021
Link to Original Article: https://www.bnnbloomberg.ca/pattie-lovett-reid-5-tips-for-protecting-yourself-against-higher-rates-1.1594307
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March saw record national homes demand, pushing prices higher
Original Article Source Credits: Calgary Herald , https://calgaryherald.com/
Article Written By: Joel Schlesinger
Original Article Posted on: April 23, 2021
Link to Original Article: https://calgaryherald.com/life/homes/new-homes/march-saw-record-national-homes-demand-pushing-prices-higher
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More Canadians than ever before are expecting home prices to keep climbing
Original Article Source Credits: Calgary Herald , https://calgaryherald.com/
Article Written By: Shelly Hagan and Erik Hertzberg
Original Article Posted on: March 22, 2021
Link to Original Article: https://calgaryherald.com/real-estate/more-canadians-than-ever-before-are-expecting-higher-home-prices/wcm/8fa7041c-b8bc-430f-94df-b927604ebcaf
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Things to do in an Edmonton Winter for 2021
Looking for things to do in Edmonton during the dead of winter is daunting. With temperatures that may plummet well below -30°C and hover there mercilessly until spring, Edmonton can chill the heart of even the most hot-blooded winter warrior.
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