Just as with many financial transactions, buying a house comes with its own process, terminology and regulations that can feel daunting to those making the purchase. This is just one area where a qualified real estate agent can be a huge help, as they will offer guidance and advice on what to expect, as well as what you’ll need in order to complete the transaction. Before you even start to seriously look for your next home, take the time to find the right Oakville realtor that will understand your needs and make the buying process easier for you.


So, if you’ve found the home you want to buy, it’s time to get down to the financial details. Let’s take a closer look at what a deposit and a down payment entails, as it relates to purchasing a home.

When Do You Need a Deposit?

A deposit required for a real estate purchase is an amount of money included with a purchase contract as a sign of good faith. In legal terms, it is the consideration...

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The Canadian government has proposed new rules related to the mortgage stress test which would take effect on June 1, 2021. To review, the mortgage stress test was introduced by the government to help limit the number of Canadians who run into financial trouble by overextending themselves by assuming a mortgage they can’t comfortably pay for. 


As the real estate market has experienced continued growth and significant price increases during the global pandemic, many have been calling for regulatory changes in order reduce the risk of a market crash and to stop Canadians from assuming too much housing debt. 

Here’s How These Changes Will Affect You 

The proposed changes will increase the minimum qualifying rate for an uninsured mortgage from 4.79% to 5.25%. As a result, it will make qualifying for a mortgage more difficult for many Canadians. Simply put, on average, home buyers will be able to qualify for four to five percent less in funding because of this change....

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We’ve talked before about the difference between a deposit and a down payment, but those who are in the market to buy a home in Oakville, Milton, Mississauga or Burlington also need to be prepared to handle the many other costs that can come with buying a home. Working with an experienced Oakville realtor can set you up for a smooth buying experience and help you understand what costs may pop up and when. Potential costs when buying a home should be carefully considered ahead of time in order to avoid financial difficulty in the future.


Since buying a home in Oakville or the GTA will have a large impact on your bank account, we’ve laid out potential costs that may also be associated with your purchase. Take the time to explore the costs and do your homework so that you’re well aware of how much funding you will need to add to the purchase price of your home, based on the market you’re in.

Have You Added These Home Buying Costs Into Your Budget? ...

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Purchasing a condo in Oakville can be a great option for those looking to get into the real estate market or for those looking to downsize. Condo ownership means you don’t have to worry about the upkeep that comes with a traditional semi-detached or detached home. In addition, condos also typically have a selection of shared amenities that are paid for by condo fees and can be used by residents.


If you think a condo could be the right purchase for you, Sue Heddle Homes can help. With more than a decade of experience as an Oakville realtor, she knows how to help clients narrow down their search to ensure they find exactly what they’re looking for.

What to Consider Before Buying A Condo

Not all condos are the same, of course, so it’s best to figure out what your specific needs are before you dive head first into your search. While location and design matter, many people are unware of how much condo fees can vary, so be sure to factor those into...

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There are so many things to consider when searching for a new home, including finding the best Oakville realtor who will listen to your needs and help you make the right purchase for you and your family. However, how do you know what type of neighbourhood you’re looking for without doing a bit of research first?


When you're trying to find the best places to live, choosing a neighbourhood ranks right up there with making sure you get the number of bedrooms you need or whether or not you need to have an attached garage. The size and layout of the house will certainly add to your family’s enjoyment of living in a new space, but the specific neighbourhood will also directly impact a potential buyer’s decision to make an offer or not.

4 Tips to Help You Choose Your Ideal Neighbourhood

When you’re looking to make a home purchase, keep in mind that you're not just buying a house, you're investing in a neighborhood too. As such, be sure to take some time...

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