Actual Cost of Buying a House in Canada | First Time Home Buyer

#houseincanada #firsttimehomebuyerincanada #asouthafricangirllivingincanada

In this video I chat to Petrus Engelbrecht, Senior Vice President Sales at Sotheby’s in Oakville and talk real costs when buying a home in Toronto. Closing costs, provincial tax, municipal tax, deposit requirements, and some costs that you probably have not thought of that comes with buying a home such as home inspection fees.

I met Petrus a while back when I came across the Howzit Canada https://www.howzitcanada.ca platform which comprises a team of experts who assist with the immigration process to Canada; from resume writing, financials, & tax support, short term rental, mortgage assistance, and of course finding a home of your home... that’s how I met Petrus.

This is what we cover in our interview:

1. How did Petrus end up in Canada from South Africa and his immigration story?
2. What do I need to know about being a first-time home buyer in Canada?
3. What are the costs involved in buying a home over and above the price?
4. Can I pay property tax monthly, quarterly, semi-annually or annually only?
5. Is there a difference in purchasing a condo (apartment) to purchasing a semi-detached or detached (stand-alone) home?
6. Should I buy or rent a property? Since the inflation rate in Canada is low, it seems a good financial decision to have a mortgage, (bond) or not?
7. Are home inspections a thing in Canada? What kind of home inspections are required?
8. Why is it that you see so many homes sell for over the asking price?
9. Many people that come to Canada are accustomed to living in open spaces, are there properties like that in Canada where they can have lots of pets and perhaps a farm style home?

You can contact Petrus to get onto his monthly newsletter by emailing : [email protected] and follow him on Instagram:   / petrusgroup   for updates on properties for sale, beautiful places and general information of what is happening in and around the GTA (Greater Toronto Area).

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Thank you!

Andrea
A South African Girl Living in Canada

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