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Home Buying a Home

$300,000 for your first time?

Zoocasa by Zoocasa
May 6, 2013
in Buying a Home, First Time Home Buyer
Reading Time: 2 mins read
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The Financial Post has recently published an article that outlines the results of a recent poll about first-time homebuyers. Conducted by the Bank of Montreal, the average Canadian first-time homebuyer is 29 and can put upwards up to $48,000 on a down payment on a $300,000 home. Regional variances do exist to the national average of $300,000. Vancouver is considered to be the most expensive city with first-timers forking out $539,000 with Calgary and Toronto following with $474,000 and $446,000 respectively.

No matter what age you are, saving the money for a house let alone a downpayment can be quite intimidating. Great financial planning will always pay off in the end and will not only help you get that first home but also manage the mortgage that goes along with it. Here at Zoocasa we pride ourselves on connecting first-time homebuyers with all the resources required for making their homebuying dreams a reality. Check out some of the resources below to get started:

Home Ownership Centre

A home is a huge financial commitment and one that will greatly impact the quality of your life. How do you prepare for such an event? Zoocasa’s Home Ownership Centre provides the best advice – facts, articles and expert tips – to help you find and get your dream home.

Down Payment Requirements:http://www.zoocasa.com/en/before-you-buy/homeownership-down-payment-requirements

Investment of a Lifetime:http://www.zoocasa.com/en/before-you-buy/homeownership-investment-of-a-lifetime

Providing Valuable Ongoing Savings:
http://www.zoocasa.com/en/before-you-buy/homeownership-providing-savings

 

Mortgage Marketplace

Mortgage Marketplace is a calculator feature of Zoocasa that allows you to calculate and compare rate as well as connect with local specialists for expert mortgage advice. See below for a quick example of how you can manage your mortgage.


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Zoocasa

Zoocasa is an award-winning prop-tech company and wholly owned subsidiary of eXp Realty Inc. LLC. Zoocasa uses data and technology to deliver an intelligent, end-to-end real estate experience. Zoocasa’s insights and suite of digital tools, combined with the market expertise of its dedicated agents and team allows Zoocasa to set a new standard for full-service real estate. A 4-time winner of both the Financial Times' Fastest Growing Companies in the Americas and the Top Growing Companies in Canada by the Globe and Mail, Zoocasa continues to innovate on the home buying, selling and search experience online.

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