Deciding to Buy
Choose a Realtor ®
Time to go Shopping
Accepted Offer, Now What?
Before you start shopping for your property, it is a good idea to make some preparations.
BUILD YOUR $$$ FILE.
This file contains all your important financial documents. You will need it to secure financing for your property. The typical $$$ file should contain:
- Financial statements
- Current Notices of Assessment from the Canada Revenue Agency (up to 5 years)
- Bank accounts
- Credit cards
- Car loans
- Recent pay stubs
- Copies of leases for investment properties
- RRSP statements, stocks, bonds, and mutual funds, and any other investments.
Check Your Credit Rating.
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution or mortgage broker. We will be happy to recommend experienced, knowledgeable lenders and mortgage brokers in the residential, and investment real estate fields.
Be Careful With Your Finances.
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.