Tips To Consider Before Buying a House In Canada
Buying a house in Canada can be like a dream come true for many. Due to increased demand and tight laws, it can be difficult to buy your dream house, but certain tips can help ease the process. 1. Saving for a down payment The primary step to buying a house in Canada is to save your capital for a down payment because Canada has a rule which states that you'll need to put at least 5% of the home purchase price as a down payment. 2. Organize your finances and documents While saving for your down payment, ensure that your finances and paperwork are properly organized because down payment saving can take up your months of time. 3. Look for rebates and grants Buying a house in Canada can be an expensive task, especially when you are already short on capital. Therefore, checking for grants and rebates from time to time can be really helpful. 4. Compare different mortgages It's important to compare different mortgage rates as even the lowest rate can save you tens of thousands of