First time home buyer - Budgeting

By: Gemma Leggett

First time home buyer - Budgeting

Tags: First time home buyer, Budgeting to buy your first house


Your home may well be the biggest purchase you’ll ever make. Most Canadians take on a mortgage so they can stretch payment out over many years. You have to save, at bare minimum of 5 % of the purchase price.  And don’t forget to add closing costs (Land Transfer Taxe, Lawyer fees, Movers etc.).
So on a $500,000 dollars home, you will need 25,000 dollars. 

Here are a bunch of ways to grow your nest egg:

Saving takes discipline, sacrifice and hard work: the payoff is priceless!

If you would like to talk more in deapth about it, please do not hesitate to contact me: /  416 824 7475