To make things easier, it's important to know the steps involved in buying a home. One of the things you'll need to deal with is closing costs. It is said that purchasing a home can be stressful. In this article, we will examine the various expenses you will face in finalizing your home purchase. But first, what are the closing costs?
On January 1st, several new policies impacting buyers, sellers and real estate professionals in Canada were implemented. Here is a breakdown of the new policies, including important details that may affect your business and your clients:
Federal policies
Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyer Ban)
Valuations for property division are tied to the date of separation, rather than the date a divorce is granted
.jpg)
Beginning January 1, 2023, non-Canadians will be subject to a two-year ban on the purchase of certain residential real estate in Canada – and anyone who knowingly helps a non-Canadian buy a house could find themselves in hot water.
Of all the things you have to worry about when you’re buying a home, the paint really shouldn’t be one of them. The problem is, if you’re looking at an older home, the topic can shift quickly from “Why did they choose that color?” to “Welcome to the danger zone”— all due to the existence of lead paint.
