Financial Resources

Financing

For many people, real estate represents the largest component of their personal wealth, so managing it properly is a critical part of financial health and stability.

Our team includes financial resources, mortgage and legal advisors who can help you identify the best products on the market today.

Whether you are buying or selling, it is critical to know the value and worth of real estate, what you can afford, and the different variables to consider. Our collection of Financial Resources may be useful in helping you with budgets, calculators and estimates.

Affordability

Financing. You will need to seek a mortgage or loan to cover the amount representing the difference between what you have and the price of what you want to buy. Our Mortgage Rate Comparison tool provides accurate and up to date mortgage figures from financial institutions so you can estimate what you may need. We recommend you seek guidance from a professional mortgage broker for this important part of the home buying process to ensure you get the best rates and terms, and would be happy to put you in contact with a great mortgage pro if that’s helpful.

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Transaction Costs. Real estate transactions and moving costs can add up. The Monthly Payment Calculator includes a feature to determine how much your land transfer tax will be.

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Current Home Estimate. A realistic market evaluation of your existing property will provide you with the information you need to make decisions comfortably and with confidence. After you deduct any outstanding mortgages or debts payable, you will know how much money you have left to begin the next phase of your real estate goals.

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Affordability. Before you begin shopping for a home, it is important to know how much you can afford. You will also need to plan ahead for the costs associated with home purchasing and ownership.

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Wish List. Make a list of your key home criteria and your preferred neighbourhood(s). We will give you real market data to determine approximately how much a property with these features will cost.

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Monthly Budget. When you determine what you can afford, it is important to consider all the expenses that will be fixed monthly costs to manage your home. These include your obligations to your financial institutions as well as utilities, insurance, repairs, maintenance, etc.

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