The number one question that a Realtor would ask a client on the first meeting is “What is your budget?“. I have often wondered how do clients actually come to the conclusion of what their budget for the house will be and the answer that I have mostly received is that our mortgage broker told us this is what we qualify for. I have always found this to be very reactive and in this blog, I talk about the 50/30/20 Personal Finance rule where you can determine the budget of the house yourself.

If you looking for any kind of debt in Canada (whether for Car Loan, Mortgage, Business Loan), you need to be on top of your credit score and credit report. There are a few apps to check your credit score such as Credit Karma, Borrowell, etc. However, there are only two options to access your credit report. These credit reports are accessed through credit bureaus such as Equifax Canada and Transunion Canada.

Buying your first home is always exciting but also comes with its own financial costs. This blog consists of 4 incentives that you can take advantage of if you are first time home buyer.