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New First Time Home Buyer Incentive

Written by Steven Crews, MyMortgageBroker.com

As of September 2, 2019, the federal government’s home buyer’s incentive has begun.  I think that this is a fantastic program that every first-time home buyer should consider.  Let’s see how it works.

What is the home buyer’s incentive?

The first-time home buyer’s incentive program is a government shared equity program run through CMHC where you receive money in the amount of 5% or 10% of your purchase price.  The money you receive is given with no interest to pay. It’s set up as a 25-year term and repayment is required when you sell or at the end of the 25-year term, which ever comes first.

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What makes a home a “midcentury modern home”?

A strong yet simple style that has been popular since its birth is the midcentury style. Today, we add our modern lifestyle to it while maintaining our hold on the timeless beauty of the midcentury design. With simple and clean lines used throughout the architecture and the accessorizing of the building, there are a few other key components to achieving a midcentury modern home.

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So, you want a contemporary home

You love the clean and sleek look of your friend’s contemporary home. To you, it’s everything you dreamed of having. The natural light is filtering in, creating a warm and familiar vibe while the lack of unnecessary objects make the room feel uncluttered. It’s peaceful. This would be exactly how you would redecorate your home, so why don’t you? Here are some of the essentials to achieving your own contemporary home. Continue reading

Creating a modern farmhouse style

Last week, we talked about how to give your home that rustic vibe with a few simple suggestions. It brings in the natural environment of the outdoors into your home. For some, that style is perfect, but for others, it doesn’t quite resonate with them. Some like that rustic feeling where that welcomes the outdoors, but it just didn’t feel warm. If this is how you feel about a rustic style, consider a farmhouse style. If your house already has a modern design to it, adding a hint of farmhouse would bring in that warm and pleasant vibe you’re searching for; here is how. Continue reading

City Livin’

How do I even begin to describe what it’s like to live in the city? From living close to everything, to the energetic atmosphere, to the sudden midnight hush that falls over the city, there is so much beauty I could share. Ultimately, it depends on whether you’re a city person like me. As in any living situation, there are pros and cons. However, if your heart has always been connected to the excitement of the city, then the pros will outweigh the cons and some of the cons just won’t seem that bad. Continue reading

Respect your neighbours

You may be lucky and have space between you and your neighbour’s house, but never forget that sound travels. It doesn’t matter whether you are renovating your small apartment or your mansion, whether it’s the whole house or just the guest bathroom, you want to ensure you’re respecting your neighbours. There are certain unspoken rules to being neighbourly during renovations. Too often do people forget about those around them, and neighbours can be too kind to say something. Continue reading

Do you have the time to renovate?

Renovating takes time. You’re probably already anticipating it to take a couple weeks, even months, but the reality is that it will likely take longer than even that. Whether it’s in the form of financial problems or typical renovation upsets, issues will arise where you don’t want them to. To save yourself the time, money and headache, consider these factors when planning your renovation. In addition, remember that the size of a space may affect the time it takes to renovate it. Knowing these tips will help you determine whether you truly have the time to renovate. Continue reading

Rules and Regulations

The by-laws and permits needed for renovating were touched on before, but now its importance needs to be highlighted. Choosing not to follow the rules may result in your renovation not working properly or make the future selling of your home more difficult. You will want the paperwork to validate that the improvements you made to your home will not fall apart. Continue reading

Time is Money

Renovating a house is a project therefore it will take a bit of time to complete. We’ve already warned you to expect the transformation of your home to take longer than what contractors say, however there are other factors you should consider in regards to time. You’d be surprised how many things could affect the time frame of your renovation, which ultimately effects your wallet. Continue reading