international migration. For many of these new arrivals, finding a safe,
affordable place to live can be an immediate challenge, especially since
housing in Canada varies greatly between provinces, territories, cities and
communities. To help Canada’s newcomers make the best housing decisions,
Canada Mortgage and Housing Corporation (CMHC) offers the following tips on
what to look for when buying or renting a new home:
you’d like to live and what type of housing you prefer.
the rent may be higher in central areas, these neighbourhoods also often
offer greater access to work, shopping, recreation and public
or friends. Search the classified ads of ethnic, community or daily newspapers. Check bulletin boards in grocery stores, laundromats, libraries, thrift stores, health clinics, etc.
you'll feel comfortable. Make a list of neighbourhoods where you might like
to live. Take into account the character of the community and the
proximity to medical care, schools, shopping, places of worship and
possibilities for work.
professionals. An appraiser and a home inspector will give you a better idea of the condition of a home and its worth. A lawyer (or notary in Quebec) will help protect your interests. If you need to arrange for a mortgage, you will need to find a lender or mortgage broker who can help you buy your home.
the latest price trends in the city or neighbourhood that interests you. Keep
interest rates in mind. Figure out how much you can realistically afford and
ask a lender or mortgage broker how large a mortgage loan you qualify
committing. Make sure all plumbing, electrical and other systems are in
good working order. Ask about utility, repair and other costs that you may
have to pay in addition to the rent or mortgage.
cities and towns in Canada have bylaws that protect your rights and
difficulty finding a permanent place, consider a room that rents by the week or month while you keep looking. Don't feel rushed into renting an apartment or buying a home immediately.
This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.