The Most Important Documents in your Closing – Statement of Adjustments and Trust Ledger Statement. When you’re buying or selling a home, you will likely encounter two important documents called a Statement of Adjustments and a Trust Ledger Statement. These two documents are the two that get the most attention from the buyer or seller,… Continue reading Understanding the Statement of Adjustments and Trust Ledger
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Tag: downpayment
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Gifting a Downpayment: What You Need to Know
With rapidly increasing home prices greatly outpacing growth in salaries and incomes, it is becoming very difficult for first-time buyers to save for a downpayment so they can get into the housing market. As a result, it is now becoming more common for parents to assist their children gifting money towards a downpayment for a… Continue reading Gifting a Downpayment: What You Need to Know
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Should You Consider Taking Advantage of the Home Buyers’ Plan (HBP)?
Are you actively contributing to a Registered Retirement Savings Plan (RRSP)? If so, the Home Buyers’ Plan (HBP) can help you increase your down payment amount and purchase the home you want. The HBP allows you to withdraw from your RRSP account so you can build or buy a home for yourself or someone with… Continue reading Should You Consider Taking Advantage of the Home Buyers’ Plan (HBP)?
