Housing market manoeuvres
FOR MANY CANADIANS, a home is the biggest purchase they will ever make. Becoming a mortgage holder for the next 25 to 30 years is a sizable responsibility. Prospective homeowners must be prepared to pay for property taxes, home insurance and an “Uh-oh” fund to help cover home repairs or renos, not to mention additional upfront costs, such as moving expenses, closing costs and utility and service connection fees.