, which gives Canadians the basics they need to know about the housing market that they never learned in school.
Listings vary widely from neighbourhood to neighbourhood, and without answers to a few key questions hammered out, it’s easy to get lost in the real estate sea. Here’s what real estate experts have to say about the search for a starter home in the modern market.Nick Kyte, real estate agent with Coldwell Banker First Ottawa Realty, says the first step when he sits down with someone looking to break into the housing market is to set expectations.
“HGTV definitely plays a role in what people think they can get, what they want, and that everyone wants everything instantly,” he says.Before heading out to see homes, Kyte says first-time buyers should have a mortgage pre-approval in hand from a broker or lender — not just a quick online calculation for what they should be able to afford — so they know exactly what their maximum budget is.