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Ontario Land Transfer Tax

Buying a home is an exciting milestone, but there are several closing costs that buyers need to budget for. One of the largest is **Land Transfer Tax (LTT)**. Understanding how it works can help you avoid surprises on closing day. ## What Is Land Transfer Tax? Land Transfer Tax is ...

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Getting approved for a mortgage is exciting, but your loan isn’t fully finalized until your home closes. Avoid borrowing money, opening new credit cards, financing furniture or appliances, leasing a vehicle, or making large purchases before closing. Lenders often perform a final review of your credit and finances before releasing mortgage funds. New debt can increase your debt-to-income ratio, lower your credit score, and potentially delay or even jeopardize your mortgage approval. **To protect your purchase:** * Keep credit card balances low * Pay all bills on time * Avoid new loans or credit applications * Don’t make major purchases until after closing * Consult your mortgage broker before making financial changes **The best advice:** Keep your finances exactly as they were when your mortgage was approved until you have the keys to your new home. 🏡🔑

Getting approved for a mortgage is exciting, but your loan isn’t fully finalized until your home closes. Avoid borrowing money, opening new credit cards, financing furniture or appliances, leasing a vehicle, or making large purchases before closing. Lenders often perform a final review of your credit and finances before releasing ...

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Selling a Home Closing Costs

When you **sell a home in Ontario**, the biggest closing costs are usually the **real estate commission** and **legal fees**. A good rule of thumb is to budget **4% to 7% of the sale price**, depending on the commission agreement. Typical seller closing costs #### 1. Real estate commission * ...

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Home Inspections – Worth It

Buying a home is one of the biggest investments you’ll ever make. A professional home inspection can help uncover potential issues before you sign on the dotted line. ✅ **Benefits of a Home Inspection** 🔹 Identify major concerns such as roofing, plumbing, electrical, foundation, and HVAC issues. 🔹 Gain negotiating ...

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Waterdown Real Estate Market Update: Summer 2026

Waterdown Real Estate Market Update: Summer 2026 Nestled between Burlington and Hamilton, Waterdown continues to be one of the most desirable communities in the Greater Hamilton Area. Known for its small-town charm, excellent schools, family-friendly neighbourhoods, and convenient access to major highways, Waterdown remains a top choice for buyers seeking ...

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Hamilton Real Estate Market Summer 2026

Hamilton Real Estate Market Update : What Buyers Need to Know in Summer 2026 The Hamilton real estate market continues to offer opportunities for both buyers and sellers as we move through the summer of 2026. After several years of market adjustments following the pandemic-driven housing boom, conditions have become ...

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