Selling in Ottawa Market? Here are some real life tips of getting your house ready for the Ottawa market: Making it Ready 1. Get the house ready by fixing anything that requires repair so that it is functional and can be used properly. Example of quick fixes would include broken/cracked tile, dry wall with marks and dents, broken cupboard handle, a not flushing toilet, a dishwasher leak, etc. You want to eliminate … Continue reading

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There is a draft whenever you go upstairs or you feel it in your bedroom. You might look into replacing your windows and think it will save you your energy bill and make the home warmer. Good energy efficient windows do stop the draft, and if they are properly sealed/caulked around, but as you know replacing those windows would/can cost quite a handsome amount and your house might still remain … Continue reading

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When it comes to renovations, the biggest fear is going over your budget… Here are 10 first hand tips from our personal experiences on how to save and be frugal on your renovations: 1. Declutter your house. Sell things on kijiji and similar places Before any renovation task that you want to do in kitchen, bathroom, basement etc, the very first thing you wish to do is declutter things that … Continue reading

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The house that you like is nearly perfect, except that perhaps it needs a little TLC; new bathroom, kitchen or basement finished. But you only have 5% down payment and not the extra to do the renovations. What can you do and what are your options? Did you know that the Purchase Plus Improvement Plan lets you add the cost of upgrades to your mortgage before you move in? It … Continue reading

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The cost of mortgage default insurance is about to go up for most consumers, effective May 1st, 2014  CMHC Purchase (owner occupied 1 – 4 unit) mortgage insurance premiums will increase by approximately 15%, on average, for all loan-to-value ranges. The change does not impact existing homeowners and is expected to raise up to $175-million for CMHC. For the average Canadian home buyer requiring CMHC insured financing, the higher premium … Continue reading

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What is CMHC? Canadian Mortgage and Housing Corporations Mortgage loan insurance is typically required by lenders when home buyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment of 5% — with interest rates comparable to those with a 20 % down payment. What does CMHC insurance … Continue reading

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Here is a presentation on Title Insurance in Ontario.

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