The term “house poor” refers to someone who spends so much on their home they struggle with all their other expenses. While a home is usually a good investment because it allows you to build equity, you also have to keep an eye on your finances.
As you prepare to enter your golden years, the desire to find a home and community that better match your current needs intensifies. Throughout Edmonton, new communities have been sprouting up, offering home buyers the opportunity to live in neighbourhoods full of amenities.
As you plan to buy your home, you may find yourself overwhelmed by all of the added costs that go into a mortgage payment. Many home buyers have to pay for private mortgage insurance, also known as CMHC mortgage insurance. It typically adds just a small amount to the monthly payment, but it’s important to keep it in mind as you search for a home.
As you move into your new home, you want to get everything set up right away. You’ve been looking forward to having a nice patio, so it’s time to get some furniture.
Of course, it’s important to find furniture that’s right for your patio and for your lifestyle. Our tips can help guide your decision.
Families all over Edmonton are flocking to build their new home in the Cy Becker community. Residents have easy access to all-season outdoor activities, including playgrounds, fields, trails, a skating rink, and tobogganing hills. With its location in Northeast Edmonton, you’ll also get to enjoy an easy commute if you choose Cy Becker.