When it comes to homeownership, Canadians are faced with many property choices. Do you go with a condo or semi-detached home? Do you purchase a cottage-style dwelling or a single-family home? Do you relocate to the suburbs or stay in the city? If you’re looking for a place that offers condos, traditional houses, and provides an urban setting in the heart of the suburbs, look no further than Vaughan. The city is well-suited to those who work in Toronto – it is a short drive to Ontario’s capital city – and those who look for the convenience of suburban living with great schools and amenities for the whole family to enjoy. Vaughan is comprised of six thriving areas where luscious greenery, great comforts, and residential living come together.
The city is composed of six communities with a total population of 319,813. Residents of Vaughan live within one of these six districts:
In order to buy a home, you will need two very important components: a realtor and a mortgage broker. To find a real estate agent to show you the different properties available in the area, you can peruse RECO. The Real Estate Council of Ontario regulates the industry and holds realtors to a very strict standard so that consumer confidence in the business of home buying never waivers.
After you’ve worked with a Vaughan real estate professional to find the ideal property for purchase, you will need to contact a mortgage broker. As aforementioned, mortgage brokers play a large part in the home buying process. A mortgage broker who knows the Vaughan area will represent your financial interests to the different lenders in their arsenal to get you the best mortgage package.
Fast Facts About Vaughan:
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
There is a massive difference between mortgages and home equity loans. Read More
The Bank of Canada had hiked the interest rates on three separate occasions over the past eight months. Read More
Many first time home buyers have heard the term “mortgage insurance” but may not understand what it is and why it’s necessary to have. Read More
For new homeowners, or for those looking to renew a lease, rising interest rates will have an effect on your finances. Read More