Buyers usually ask me the following questions about buying a resale home or condo?

Downpayment Amount: 

If you are a 1st time home buyer, you will need:

Home Price: $500,000 – Need Downpayment of $25,000

Home Price: $700,000 - Need Downpayment of $45,000

If you already have a home but want to buy an investment property, then you need:

Home Price: $500,000 – Need Downpayment of $100,000

Home Price: $700,000 – Need Downpayment of $140,000

Closing Costs:

Land Transfer Taxes:

Vary depending upon where property is located

First Time Buyers get a Rebate

Lawyer Fees

Mortgage Broker Fees

Moving Expenses

Insurance Costs

Appraisal Costs

Condo fees (If it is a condo)