Thiru Nirahulan's blog

Selling your home is not only a big decision financially, but also emotionally. Your home is no longer the bricks, drywall and hardwood floors you fell in love with when you bought it. You have tackled some of life’s many milestones and made memories in the house you now call “home.” Whether you have simply grown out of the house, are choosing to downsize, or are looking for a new location, there are many factors that may influence your decision to sell your house.

It is not a decision you can be cavalier about, so you will need to perform your due diligence, research the market, and...

Several ways to spruce up your home and increase its value include updating the kitchen, a bathroom makeover, or adding a fresh coat of paint. However, one of the most impactful changes you can make is updating your flooring. If you’re considering this but aren’t sure where to start, you’re in the right place. Flooring is a crucial part of any home, impacting both its look and function. It sets the tone for a room, influencing the overall ambiance and feel. The right flooring can make a space feel warm and inviting or sleek and modern. Recent flooring trends are emphasizing enhanced...

What are the steps to buying a home? You’re starting to think about becoming a homeowner, or maybe you’ve even started to look at listings. Either way, you likely have lots of questions, from the general “how tos” to specific queries around financing, different home types and locations, to how to make an offer. To help simplify what can be a complicated process, we’ve outlined the steps to buying a house in Canada.

9 Steps to Buying a Home

There’s a lot to do, but we’ve narrowed it down. Here’s our 10-step home buying process checklist to get you started!

1. Start saving and budgeting for...

Staging has been a big deal in real estate for a long time, but it’s way more than just putting some nice furniture in a home for sale. If you want to get top dollar, you need to prep your home to match what today’s buyers are looking for. This means taking a good look at the overall condition of the place and updating any outdated or tired elements. Things like crystal and brass chandeliers, mismatched paint colours, and old cabinets and appliances don’t really cut it with modern buyers.

So, how much does it cost to stage a house? The price can vary a lot depending on where you are, how...

Heading into the summer, the big question on everyone’s mind was if the Bank of Canada would cut interest rates. Well, the central bank has answered that question by becoming the first G7 institution to pivot on monetary policy and pull the trigger on a rate reduction.

At the central bank’s June policy meeting, officials lowered the key policy rate by a quarter point, from five per cent to 4.75 per cent. Despite the annual inflation rate still far from its two per cent target inflation – the consumer price index (CPI) slowed to 2.7 per cent in June – the monetary authorities believed that...

There are a variety of reasons that you might choose to sell your home before the mortgage term ends. The most common scenario is when you move to a new location or your family situation has changed with the addition of children or when they move out. In all these cases, your home no longer meets your needs, and you may want to break your mortgage contract. If you are considering selling your house early, make sure that you understand the costs that are associated with breaking the mortgage contract.

The Costs of Breaking the Mortgage Contract

The cost of selling your home before the...

A mobile home, sometimes called a manufactured home, is made entirely in a factory and moved to the desired location instead of contractors building the home on-site. Mobile homes are not necessarily truly mobile since they are semi-permanent but have mobile capabilities when necessary.

Most mobile homes in Canada are either single-wide or double-wide. Single-wide mobile homes are at most 90 ft. long and 18 ft. wide. They cost the least and are the easiest to move since they are a single structure. Double-wide mobile homes measure over 20 ft. wide and have two large pieces, making them...

An important first step in the home-buying process is being pre-approved for a mortgage. This affords you the luxury of knowing your purchasing power and the calm that you have inched closer to completing the mortgage application. You can be pre-approved in as little as an hour. As long as you have all of the documentation necessary for this endeavour and you have shopped around for the best rates, it is not a tiring ordeal. That said, if you are in the market for a new home and have already been pre-approved for a mortgage, you might think you’re in the clear. However, this is not always...

A common goal for many Canadians upon completing their education and gaining employment is purchasing their first home. Home ownership is, after all, the Canadian dream. While it’s general knowledge that saving money for a down payment is the first step to eventually purchasing a home, many are not aware of the mortgage stress test. So, what is the mortgage stress test in Canada, anyway?

To put it simply, the mortgage stress test is a mortgage qualifier tool used to determine if the borrower would still be able to continue making mortgage payments, should they lose their job, undergo some...

Purchasing your first home is an exciting and monumental step, filled with dreams of finding the perfect place to call your own. Imagine a cozy condo nestled in the heart of the city, where modern amenities and vibrant urban life are just an elevator ride away, a charming townhome offering a balanced blend of community and privacy with shared spaces that foster a sense of belonging, or a spacious detached home where you can relish in the tranquillity of your own yard, free to customize every inch to your heart’s desire. Which is the right choice for you as a first-time homebuyer? Let’s...