The real estate market is changing rapidly, and buyers need to be informed in order to make well-informed decisions. In this article, two of our mortgage brokers, Jean-Sébastien Gilbert and Véronique Caron, share practical advice on home buying, particularly for those considering purchasing a condo on their own, first-time buyers, and those wondering about the impact of tariffs.
Buying a $500,000 condo alone: challenges and solutions
In a La Presse article, Jean-Sébastien Gilbert explains that purchasing a high-value condo on your own requires careful financial preparation. He advises accurately assessing your repayment capacity and not underestimating additional costs such as taxes, condo fees, and insurance. To avoid over-indebtedness, he recommends building a realistic budget that takes potential interest rate fluctuations into account. He also notes that a mortgage broker can be a valuable ally in securing the best financing conditions and structuring a mortgage tailored to the buyer’s income.
Buying in the era of tariffs: an additional challenge for homebuyers
In an interview with TVA Nouvelles Québec Le Matin, Véronique Caron analyzes the impact of tariffs on the real estate market. She explains that rising construction material costs are driving up the price of new homes and major renovations. To address this reality, she advises buyers to build some financial flexibility into their budget and consider alternatives, such as purchasing properties that require fewer immediate renovations. She also notes that a mortgage broker can help structure flexible financing that accounts for these cost fluctuations, helping ensure long-term financial stability.
Planning your home purchase with a mortgage broker
Whether you’re buying on your own, for the first time, or in a rapidly changing market, having the right support makes all the difference. A Multi-Prêts mortgage broker can help you assess your options and find the best solutions for your project.