Case Study: How Much Do I Actually Need to Buy a Home?

Meet Rob. Rob is a cool guy. He has a career in Engineering and enjoys hobbies such as golfing, going to concerts and taking his dog for long hikes. Rob watches the news and has been keeping up to date with the rising home prices in the KW area. Rob is worried he won't be able to buy a home based on the current market trends and his lifestyle.

Let’s talk about what's needed to afford a home - we’re going to look at 3 different options:

*Average prices based on Waterloo Region Feb 2022 #’s

With as little as $35,225 - you can begin your path to home ownership. And if settling for a condo/property less than 570k. Even less! 

Disclaimer: it’s not just about having money for closing on a home the mortgage lender will also need to verify you can afford the cost of owning a home and this is where the pre approval process is so important.