Buying a home

The ins and outs of buying a home (your first home or your next one)

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21 articles in this collection
Written by Andrew Sikomas
Closing costs and other expenses

Closing costs

How much does it cost to close a home purchase?
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Written by Andrew Sikomas
Updated over a week ago

Home inspection

Just do it.
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Written by Andrew Sikomas
Updated over a week ago

Deposit with offer vs down payments

There’s a lot of confusion around the differences between the deposit and the down payment.
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Written by Andrew Sikomas
Updated over a week ago

Default insurance (CMHC insurance)

Default insurance is expensive but useful (and often required!)
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Written by Andrew Sikomas
Updated over a week ago

Appraisal

There is a value determination on every single mortgage transaction always
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Written by Andrew Sikomas
Updated over a week ago

Lawyer

Nope, not a punchline - lawyers are a key part of mortgage transactions
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Written by Andrew Sikomas
Updated over a week ago

Title insurance

A necessary transaction cost which protects against title issues
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Written by Andrew Sikomas
Updated over a week ago

Condo fees

Your monthly contribution to maintaining and insuring shared property
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Written by Andrew Sikomas
Updated over a week ago

Property taxes

If you own property, you pay property taxes.
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Written by Andrew Sikomas
Updated over a week ago

Statement of adjustments and trust ledger statement

These statements show all the money and where it all goes
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Written by Andrew Sikomas
Updated over a week ago

Interest adjustment date and amount

If there's less than a full payment period between closing day and your first payment date, there will be an interest adjustment payment
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Written by Andrew Sikomas
Updated over a week ago

Other monthly expenses to think about

Besides the mortgage payment, there are other costs you will encounter that should be considered.
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Written by Andrew Sikomas
Updated over a week ago