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Preparing to Buy

Before you start shopping for your property, it is a good idea to make some preparations.

Build Your Financial File.
A financial file contains all your important financial documents. You will need it to secure financing for your property. The typical file should contain:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit cards
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years
  • Copies of leases for investment properties
  • RRSP statements, life insurance, stocks, bonds, and mutual account information.

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 so that we can determine what you can afford. The lender will research your credit ratings from the credit reporting agencies (e.g. Equifax). We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial 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.

Step 1: Choose A Real Estate Agent

Step 2: Preparing To Buy

Step 3: Get Pre-Approved

Step 4: Time To Go Shopping

Step 5: Putting In An Offer

Step 6: Moving In