Wondering what to expect from a home inspection in Ottawa? Learn what inspectors look for, common red flags, costs, Ottawa-specific concerns, and how to review your inspection report before buying.
A complete step-by-step guide to buying your first home in Ottawa — mortgage pre-approval, FHSA, HBP, land transfer tax, home inspections, lawyers, and closing day, all explained clearly.
From searching for homes to picking up your new keys on closing day, buying a home is an exciting process. Many first-time homebuyers also have the benefit of receiving advice from family members or friends who’ve already gone through the process. While it is certainly good to hear a few different perspectives while you’re buying a home, buyers should also know to take any home-buying advice with a grain of salt.
Similar to putting salt in the driveway before a snowy night or drinking a lot of electrolytes before a big game, a stress test is a great way to prepare for anything. Buying a house and settling on a mortgage is one of the biggest decisions of your life, and it isn’t one that you should make lightly. Whether you are searching for homes for sale in Toronto or condos in Vancouver, the smartest way to enter into your mortgage with open eyes is to consider all the circumstances that could happen over the life of your mortgage. That’s why we have stress tests.