Penelope Graham is the managing editor of Zoocasa.com, a real estate resource “that uses full brokerage service and online tools to empower Canadians to buy or sell their home faster, easier and more successfully.”
While monthly mortgage payments will indisputably take up the largest chunk of a homeowner's shelter budget, the costs for utilities and property taxes are also important considerations for prospective home purchasers.
While every province charges LTT or some form of property transfer fee, depending on the tax structure, buyers may pay anywhere from a few hundred dollars to tens of thousands in addition to their home purchase.
Assessing Days on Market is equally of importance for prospective buyers seeking an edge. Not only can it indicate the level of competition within specific neighbourhoods, but it can potentially raise red flags.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.