First-Time Buyers

First-Time Buyers
The $4.2 Million Shock: A Canadian Condo Owner's Worst Nightmare Just Became Reality
The shocking reality behind a $4.2 million special levy that devastated Canadian condo owners

First-Time Buyers
Closing Day Disasters: When Sellers Won't Leave Your Property After Closing
When sellers refuse to leave on closing day, it creates a legal nightmare that can cost buyers thousands in delays, hotel stays, and storage fees. Experienced real estate lawyers have proven strategies to handle holdover sellers, from charging daily penalties to emergency court orders, protecting buyers' rights and investments.

First-Time Buyers
How a $450 Mistake Cost $2 Billion and What It Can Teach You About Choosing a Real Estate Lawyer
Novo Nordisk lost a $2B annual patent over a $450 fee because their lawyers missed a simple detail. In real estate, cutting legal corners can cost you too. This post helps buyers understand how to choose the right lawyer (and why it’s not just about price), with a look at how Deeded makes closings smoother and safer.

First-Time Buyers
Common Mistakes Your Real Estate Lawyer Can Help You Avoid
Real estate transactions can quickly go off track due to hidden title issues, missed deadlines, vague contract terms, or unexpected costs. This blog explores the most common mistakes that buyers and sellers make—and how a qualified real estate lawyer can help you avoid them. From reviewing status certificates to handling estate sales, learn why having legal expertise on your side can save time, money, and stress. Real examples, FAQs, and a practical checklist included.

First-Time Buyers
Federal GST Rebate for First-Time Buyers: Complete Guide to Saving $50,000
Complete guide to Canada's new GST rebate for first-time homebuyers. Learn eligibility requirements, savings potential, and essential tips for claiming up to $50,000.

First-Time Buyers
Insured, Insurable, and Uninsured Mortgages: What’s the Difference?
When applying for a mortgage in Canada, you may come across the terms insured, insurable, and uninsured mortgages. Understanding these differences can help you secure better rates and choose the right mortgage for your situation. In this article, we break down each type with simple explanations and examples.

First-Time Buyers
Homeowner Insurance: What to Look For When Buying Coverage
This blog post provides an in-depth guide for homeowners on selecting the right insurance coverage. It highlights common gaps in standard policies, such as exclusions for water damage or natural disasters, and advises on critical features like guaranteed replacement cost and by-law coverage. Practical tips for reducing premiums, calculating coverage needs, and understanding policy features are included. The post concludes with a mention of Deeded's partnership with Insurly, simplifying insurance procurement during the home closing process.

First-Time Buyers
Essential Steps for First-Time Homebuyers After Pre-Approval
Navigating the path from mortgage pre-approval to homeownership can be daunting for first-time buyers, but a step-by-step approach makes the journey manageable. This guide covers the critical stages, including starting your home search, assembling your professional team, making offers with conditions, and the closing process. It highlights the importance of working with experienced professionals, like real estate agents, lawyers, and home inspectors, to ensure a smooth and informed home-buying experience.

First-Time Buyers
Using FHSA or RRSP for Down Payments & Closing Costs
This article explains how Canadian first-time homebuyers can effectively use the First Home Savings Account (FHSA) and the Home Buyers' Plan (HBP) to fund their down payment and closing costs. It outlines the unique benefits and limitations of each program, provides a practical example of combining both for a home purchase, and emphasizes the importance of careful planning and timing. Deeded's real estate lawyers are highlighted as key professionals to assist with coordinating these programs seamlessly.

First-Time Buyers
Can I Qualify as a First-Time Homebuyer if I Owned Property Before?
Understanding first-time homebuyer eligibility in Canada can be complex, especially for couples where one partner has owned property before. This blog explores Jessica and Mike's situation: Jessica has never owned property, while Mike sold a condo two years ago. It highlights key programs like the Home Buyers' Plan (HBP), First-Time Home Buyer Incentive (FTHBI), Land Transfer Tax Rebates, and the First-Time Home Buyer Tax Credit. Despite limitations, strategic planning can help them maximize Jessica's eligibility for benefits while planning their purchase.

First-Time Buyers
Real Estate Closing in Ontario: Everything You Need To Know
Navigating the real estate closing process in Ontario can seem overwhelming, especially for first-time buyers or sellers. This guide will answer essential questions about what to expect during a real estate closing, including costs, required documents, and more.

First-Time Buyers
New Mortgage Rules: A Game-Changer for First Time Homebuyers?
The Canadian government has announced new mortgage rules that increase the price cap for insured mortgages to $1.5 million and extend amortization periods to 30 years for first-time buyers and new builds, aiming to make homeownership more attainable.

First-Time Buyers
BC to introduce an anti-flipping tax
BC Plans to tackle speculation in the housing market with the introduction of the "BC Home Flipping Tax", also known as an "anti-flipping" tax.

First-Time Buyers
How rent-to-own programs work
Rent-to-own programs offer a way for Canadians to own a home without a large down payment.

First-Time Buyers
New Home, New Traditions: Fascinating New Home Rituals from Around the World
Explore unique new home rituals from around the world to bring good luck and positive energy.

First-Time Buyers
Top things to consider when buying a condo
Key considerations when buying a condo: budget, size, amenities, maintenance, rules, and resale value.

First-Time Buyers
Downpayment Assistance Programs - What you need to know
Downpayment assistance programs in Canada help first-time homebuyers with their downpayment through shared equity mortgages.

First-Time Buyers
Status Certificate. What is it and Why It's Important You Review It Before Buying a Condo
A status certificate provides important information about a condo property for potential buyers.

First-Time Buyers
The Ultimate Guide to Programs for First-Time Home Buyers
Government programs for first-time home buyers: incentives, tax credits, and RRSP Home Buyers' Plan.

First-Time Buyers
Should You Consider Taking Advantage of the Home Buyers’ Plan (HBP)?
The blog post discusses the Canadian Home Buyers' Plan (HBP) and its benefits and requirements.

First-Time Buyers
Gifting a Downpayment: What You Need to Know
Parents gifting money for down payments helps first-time buyers overcome rising home prices.
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