It turns out that apart from the Down Payment there are so many other costs that need to be paid for upfront. What surprised you the most? If you bought a home already, please share your experience of closing on your home!

Very informative.Love the detail breakdown for closing on your first house 👍🏻

Thank you so much for suck great informative video! I thought you only have one channel (multiple careers) never knew you also have this one. Its a hidden gem and you deserve more subscribers.

@LivinginCanada

8 ай бұрын

Awww, thanks so much, it made my day!

Hey, I just came across your channel and started loving your vlogs. I too am a vlogger ,started a year back ❤ Your videos are great 🎉

@LivinginCanada

11 ай бұрын

Thanks so much!

Thank you so much you’re the hope of the humanities in Toronto. It would be really nice if you could share the monthly cost of maintenance and mortgage in the next video!

@LivinginCanada

11 ай бұрын

Thanks! I was planning to do that soon!

Lawyer fees are sneaky cuz they dont tell u the extra fees like admin fees.

Hey I have a question to ask could the old 20 an 100 bill could be used in Canada still the paper notes

Nice Video as always! At 3:59, can you discuss more about freehold and leasehold? In Leasehold, does it mean that we have to move after certain number of years (example: 99 years)? Do you check your status of certificate yourself or together with your lawyer? Also, is it supposed to be reviewed before or after winning the offer? Also, how did you find a lawyer who has your best interest in mind? It's hard, right?

@tekuntt9228

11 ай бұрын

Freehold vs leasehold, the difference is in the land ownership, on where the condo built. The duration may differs depends on the contract. Lease is extendable but I will always suggesting for freehold. The status certificate checked by the lawyer and the lawyer will note a few points on the papers that you need to check, but you will make a decision for it. Ask around for lawyer reference from your agent and mortgage broker since they have to work together, it will be beneficial if 3 of them have worked together. You will need to hire the lawyer after you win the bidding but before waiving condition (to check status certificate and financial statement).

@LivinginCanada

11 ай бұрын

Thanks! The lawyer reviewed the status certificate and presented us with an evaluation. We skimmed through the certificate and read his opinion. That part was done after we won the bid, during the 3 business days during which our purchase was conditional. Once we were fine with the status certificate, we waived the condition. I’ll have to look further into the differences between freehold and leasehold as I’m not an expert in this myself!

@camillegroulx7420

11 ай бұрын

@@LivinginCanada That's quite quick. During the three business days when your purchase was conditional, was it only due to financial, title search, inspection and appraisal??

@camillegroulx7420

11 ай бұрын

​@@tekuntt9228 Thank you Tekun for the answer and Happy Indepdendence day to you. In that case, if the conditions are not waived after review / negotiation, we will have to pay the lawyer about 2k CAD for reviewing the status of certificate, right?? It's quite a lot...

@tekuntt9228

7 ай бұрын

@@camillegroulx7420 yes, that is correct.

Congratulations How much you pay per month and for how long?

@LivinginCanada

11 ай бұрын

25 years, will follow up with another video about the monthly costs. Thanks!

@sukhjitsingh8269

7 ай бұрын

@@LivinginCanada Congratulations- could you have gone for a 30 year ammortization or No?

Can you pay lawyer fee using creditcard?

@LivinginCanada

4 ай бұрын

I'm not sure, I'd say it might depend on the lawyer and how their office is set up. That's something you might want to ask your lawyer before hiring them

i like your clothes, gorgeous

@LivinginCanada

11 ай бұрын

Aww, thank you!