The best investment in Canada is to buy a property that is a small condo for yourself or a block apartment for rent.
Some people buy a property on their own but it is always better to have a real estate broker:
- The real estate broker knows the neighborhood
- They know the value of the property and the market
- They have years of experience
- They can advise you how much your property increases in value
- And so many other Services
If you have a stable job with a good salary, you can refer to your bank and see how much they can give you for your mortgage. You have to put 5% to 20% for cash down and the rest you can borrow from the bank and they calculate how much you have to pay monthly for the mortgage based on your salary.
If the seller also has a broker, they also pay for your broker. Usually 5% to 7% is the realtor’s fee.
When you want to choose your real estate broker, research about him and talk to him before you negotiate. With a quick conversation, you can figure out if they are good for you or not.
