We will help you every step of the way. When purchasing a home, you are faced with a multitude of decisions. The primary one is whether you are ready to purchase a home. Finding the perfect home is not always an easy task, and obtaining a mortgage can be a complex and tiring process. However, once you have determined that you are ready to move forward towards your home-purchasing goal, the rewards are unquestionable.

We will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. We will review and assess properties for sale that match your specifications, and help you through the myriad of details on the actual purchase.

We are familiar with the current homes on the market and know our neighborhoods well.  We are able to show you comparables of recent sales and current listings so you can make an informed decision.

What Next?

First, ask yourself why you want to buy a home. To stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house? Next, determine your budget. This quite often will determine the area you should be looking. A larger house may mean moving further from town while a townhouse may bring you closer to the city limits for the same price.

Mortgage Pre-Qualification

Before looking for homes, you should be prequalified to determine your price point based on your down payment and income qualifications for a mortgage.. This can be done over the phone or even online in a matter of minutes.

We are proud to offer our in-house mortgage brokerage, Dominion Lending Centres Financial, to help you through this process if you wish.

We Will Find The Right Homes For You

Once you've been pre-qualified and know what price range you are comfortable with, we can help you determine which properties fit your needs.

We have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications which can be emailed to you immediately once the property is available in our extensive database.

We Will Help You Every Step Of The Way

We will guide you through your financing and inspections, and close on the transaction. Our priority is to make sure that your home buying experience is as pleasant and trouble free as possible. Click here for selling info.

When you purchase a property, you need to be aware of closing costs added to the sale price of the home. This can vary from 1% to 13% of the value if the property is newly built. Here are most of the costs you can expect to incur during the process:

Property Transfer Tax.This provincial sales tax payable is 1% on the 1st $200,000, and 2% on the balance. First time buyers who occupy the property as a principle residence may be exempt provided the sale price is $425,000 or less. Other conditions apply.

Harmonized Sales Tax.As of July 1, 2010, when you buy a newly constructed home, you must pay the 12% HST. However, if your purchase is less than $450,000 and you occupy the property, you may be eligible for a rebate.

Mortgage Costs.There will be a fee for the mortgage company’s lawyer or notary, and a mortgage loan insurance and application fee - if you get a high ratio mortgage (where you pay less than a 20% down payment). This insurance would be from CMHC or GE Capital.

Legal or Notary Fees and Expenses.The lawyer will review and prepare closing documents, pull and review the title search. Additional costs will be disbursement fees and Land Title registration fee. Generally the base fees start at $650.

Pre-paid Property Taxes, Utility Bills, Maintenance Fees.The Buyer will be required to reimburse the Seller for any prepayments.

Appraisal Fee.Before your lender approves your mortgage, you may require an appraisal. Sometimes your lender may cover or waive this cost. The fee ranges from $225 to $350.

Home Inspection Fee.REALTORS® will strongly recommend that you have a home inspection by a certified home inspector. The costs start from $375 to $450 for an apartment unit.

Home Insurance.To ensure proper protection, your insurance should be effective on the earlier of either the Completion Date or the Possession Date. The costs will vary depending on coverage amounts and type of property whether single family or strata unit.

Survey Fee.Your lender may require a current survey of the property. If the Seller does not have a copy, you will need one done. The fee ranges about $700 and up. Alternatively, some lenders accept Title Insurance as a replacement for a similar fee.

Moving Costs and Utility Connections. Generally, the costs are about $100/hour for 3 men and a truck plus travel time. Hydro, telephone and cable connection fees also apply.

NB. The above fees/costs are subject to change and should not be relied upon without verification from the actual service provider.