Buying a Home
Is it a good investment?
Ask any homeowner, a house is solid investment that is difficult
to match. Why? Capital Gains Are
Tax Free - Any capital gains that accrue and are realized
on the sale of a principal residence are tax free - your money,
100%!! To match even a small appreciation of 6%, the return
on a fixed-income investment such as a GIC would have to be
as much as 12%. Gain Leverage - You do not need the full purchase
price to own a home.
First Time Home Buyer?
Don't forget about the RRSP Home Buyers' Plan. It can be all
or part of your down payment. The rules have changed in recent
years, so if you think you know them, double check here!
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Buying with as little
as 5% down.
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Getting a pre-approved
mortgage.
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What type of mortgage
should you choose?
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