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Good Day all, Apologies in advance if this looks like an extremely basic question to some. I am just trying to understand a scenario a bit better e.g. 1. Say i have a mortgage of 100K for 20 Yr amortization and a term of 2 years 2. Total Principal portion of repayment for this term of 2...

Our builder is saying that they have hired a independent company to conduct PDI along with Purchasers. Mine is scheduled to happen sometime in September this year. Being an absolute rookie at this - of-course i have stored a checklist from Tarion's site but i am wondering that would it be...

I am closing my first home (condo) in May.2013 and had a few questions below regarding the HBP withdrawal as i would be taking advantage of that. 1. At what time should i withdraw the funds from RRSP - this year or next year ? 2. What documentation do i need for the bank in order to withdraw...

Quite a few condos that I am seeing come up - have either 0-21 floors and then 23- XX floors for example. I am just keen to why do they not have a 22 floor at all ? I heard that there is some myth about it not being a lucky number but find it hard to believe that builders use that as a reason...

Happy Family day every one :) I am sorry in advance if this has been asked before, i am just trying to work my numbers and am not quite sure how to work them in order to prepare for the closing. I am first time home buyer and have bought a Condo worth apprx. 300 K closing in 2013. What...

I have a condo coming due for occupancy in June.2013 (potentially). Due to some family reasons - i am now looking for bigger place and can purchase that with the amount of DP required by next year. Here is my worry - Once i have cleared this purchase next year, I will not have enough room to...

Hi all, is there a way a potential buyer can look around (ONLINE) for what pre construction homes are being built in areas like Ajax, Pickeriing (Durham) and / or new market etc. I am open to certain vicinities but being new here am looking to see what options are available. I can get a...

I have signed up for a pre-cons condo which is due for interim occupancy in Dec.2012 (might get delayed a little), and have been paying parts of the payment as per the agreement of sale over the last year until now. I am planning on putting down some down payment at the time when i have to pay...

Just wanted to run this by all the gurus here at UT to see if am righteous in being a little worried about this. I have bought a pre-con condo from Monarch builder which is due for occupancy in around 2012. One thing that now i am realizing is that my lawyer did not advise me to cap the closing...

My condo's occupancy is around mid of 2012. I am new at this but all i understand until now is that the cost of borrowing changes from time to time and its a good time now to borrow. However - assuming that i get my occupancy around June 2012 (lets say the building gets registered without much...

How does the occupancy for a new Condo development work in terms of speed. Lets say there are 10 condos on one level and i am on the 21st level. Assuming that the very first owner starts to move in today, approx how many months will it be prior to me being able to move in my condo on 21st level...

This might have been discussed already on this forum, i am just asking this just to get my understanding straightened out, If i am a first time home buyer for a pre-cons condo that costs around 280 K - and due for occuapncy in 2010, what are the closing costs involved other than phatom rent ...

asuming that i have used my RRSP against HBP for the first home (condo) that i purchased. following year, If i sold my condo as the preference changed and now i wanted to look for a house and move in rental for the interim. AT this point understanding that a full 25K RRSP was withdrawn for down...

Here is what my situation, my wife does not have any funds in her bank account but i do (RRSP AND GICs etc). and I am planing to explore options for getting funding from second career for her once her lay offs comes through - "due to happen next year beginning." Assuming that i continue...

Looking for input from UT users especially for those who did not cap their meter installation and other related charges !? Any one who got ripped off at the time of closing only for not putting a CAP at the time of signing agreement of purchase ? All input will be appreciated ? thx

Guys, need some advise. I do have around 10K CAD that i am thinking best way of investing in a way where i can have the money grow, I will not be need access to these funds until about next 3 years . any suggestions as to what would be the best way to make this amount grow !? thanks in advance.

How soon after occupancy would generally a Condo start to loose its value. Assuming we are in a steady market - after i move into a new condo, is it smarter to live in it for a couple years prior to selling it or is it better to sell a unit that has never been lived in ? I am seeing resale...