When shopping for a home in Canada it most likely looks like actual property brokers and mortgage brokers are talking in code. I’m right here to interrupt down actual property terminology in order that what every of the actual property phrases means. If you’re a first-time dwelling purchaser in Canada, you need to be taught these phrases, so that you perceive what your Realtor and mortgage dealer are speaking about.
This episode breaks down frequent actual property terminology that you’ll hear when shopping for a home in Canada.
1: Who is a first-time dwelling purchaser in Canda?
2: What is a deposit vs a down cost?
3: What are circumstances and phrases?
4: Are condos and stratas the identical?
5: What is an unconditional supply?
1:27 Another Terrible Joke
1:39 Who is a first-time dwelling purchaser in Canda?
3:41 What is a deposit vs a down cost?
5:14 What are circumstances and phrases?
7:38 Are condos and stratas the identical?
8:43 What is an unconditional supply?
10:49 Wrap Up
#RealEstateTerminology #BaldPrairieRealEstate #FirstTimeHomeBuyer
My identify is Matthew Pfeifer and that is Bald Prairie Real property. I’m a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In almost 10 years working as an actual property agent I’ve seen each ups and downs available in the market. But there is no such thing as a actual property market that you just can not purchase or promote a home in. Often the media tries to current a Canadian actual property market or they speak about the actual property market in Canada as if there’s a nationwide market. The actual property market in Canada could be very regionalized. Being from Regina I give attention to the Regina actual property market.