Hot Real Estate Market: Tips For Buyers

Don't get burned by a hot market.

Know Your Budget

It’s a risk for any buyer to get in over their head with too high of a best mortgage rate investment. Remember to factor in all costs associated with buying a home and owning a home. You’ll need to make the mortgage payments, pay the utilities, do household repairs, etc.

Know Your Budget for the Future

Interest rates are at a low; inevitably, they will rise. Before you sign a deal, calculate how much you’d be paying a month for your Canadian mortgage rate if rates rose by 2 or 3 percent.

Separate from the Pack

Some houses attract a big group of buyers and provoke a bidding war.  Look for a house that’s a 15-minute walk to transit, needs some renovation work, has a shared driveway, or another feature that other buyers might shy away from.

Know Your Needs

Make a list of what you truly need. And make a separate list for wants. Remember: you can only make a house bigger if you have enough land (and money). While you can always renovate, you can’t fundamentally change a home’s layout or its location.

Stay Cool

Choose an agent who can help you navigate bidding wars and the best low mortgage rate. Make a pact with your partner to keep your price range and must-have items in mind at all times.

Be patient and wait for the right house or the right offer to come your way! is near you. is expanding in order to serve you better! At, we are committed to providing you with the knowledge and understanding of financial products that are right for your particular situation. Click on the map markers to learn more about the mortgage brokerage office in your community. has access to best rate mortgages from coast to coast. Why pay more when you can have the lowest mortgage rate out there? So what are you waiting for - how can help you?