Is It Worth It to Buy a First Home with 5% Down or Wait for 20%?

#NickAnswersReddit: This week, Nick answers a common question from a first-time homebuyer weighing the pros and cons of buying now with a 5% down payment versus waiting to save 20%. Nick discusses the key financial and personal factors to consider, such as the cost of CMHC insurance, monthly mortgage payments, and the potential risks of timing the market.

Introducing Our Ottawa Professionals Directory: Your Trusted Resource for Home Services

Connect with top home service professionals through our curated directory

Focus on Community: When you’re buying or selling a home, having access to trustworthy professionals makes all the difference. At the Nick Fundytus Team, we understand how challenging it can be to find the right experts—whether you’re looking for a reliable plumber, a skilled home inspector, or a trusted builder. That’s why we’ve created a comprehensive Ottawa Professionals Directory, designed to connect our clients with the best local services for their home needs.

How Recent Mortgage Rule Changes Impact Ottawa Homebuyers, Sellers, and Renters

Recent changes to Canada’s mortgage rules could affect Ottawa’s real estate market, especially for first-time homebuyers. These adjustments might make new builds more accessible, influencing both buying and selling strategies. Find out what these changes mean for you, whether you’re buying, selling, or renting in Ottawa.

Price adjustment in home listings: When do make the change?

Selling a home can be challenging, especially when your listing isn’t attracting the right offers. In our latest blog post, “Quick Sale Secrets: Mastering Price Adjustments for Your Home Listing,” we delve into the art of strategic price adjustments. Discover why these adjustments are crucial, when to implement them, and how to determine the right amount. Learn the key factors to consider before making a change and ensure your home stands out in the competitive real estate market. If you’re ready to optimize your listing and sell your home faster, this guide is a must-read!

How a 0.25% Increase in Mortgage Rates Affects Your Monthly Payments and Total Interest

Discover how a small increase in mortgage rates can significantly impact your monthly mortgage payments and the overall cost of borrowing. Learn how a 0.25% rise can affect your financial planning and what you can do to mitigate these changes.

Best Ottawa Condo Buildings: An Expert’s Top 3

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How Rate Cuts Affect Cost of Ownership: Ottawa Real Estate

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Can I rent out some rooms?

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Unusual Home Inspection Requests

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Should staging be included?

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