“Still a good deal: Kingston Real Estate. Compared to many other Canadian cities, Kingston real estate is still reasonably priced. But with a waterfront setting other cities can only dream of, a central location along our country’s wealthiest business corridor and one the best downtowns in Canada, one might wonder for how long?” (Source: Kingston Life Magazine)

1st time buyers need guidance during a real estate transaction, to insure that they understand the process and do not become overwhelmed. In order to prepare 1st time homebuyers and buyers relocating to Kingston, I have provided several links to help you get the information that you need. This will help you have a successful and stress free experience!

• Canada Mortgage and Housing Corporation (CMHC) Home buying Step by Step
www.cmhc-schl.gc.ca

• Re/Max Buyer's Guide

www.remax-oa.com/ResourceCentre/BuyersGuide/Default.asp

• Canadian Real Estate Association Statistics – Kingston
www.realtorlink.org/content/creastats/king/

• Royal Bank Mortgage Centre
www.rbcroyalbank.com/products/mortgages/

• Kingston Street Map
www.kingston-ontario.com/gal_maps.htm

• Kingston Area Information
www.kingstoncanada.com/

• Multiple Listing Service. Search property online.
www.mls.ca/map.aspx

Establish your housing needs first..

• Location - Urban living vs. The Suburbs
• Urban living offers a larger range in home styles and is often closer to amenities such as restaurants, shopping and entertainment. However, you may get more square footage for your money in the suburbs.
• Style
• Bungalow, single-family detached, semi-detached, duplex, townhouse, condo
• New home vs. Resale
• With new homes you may be able to choose certain upgrades such as flooring, cabinets, and siding. The latest building code, electrical and energy-efficiency standards will apply. A builder warranty is usually available. However, there may be construction noise in the area, amenities may not be established in such a new development and GST applies to new housing. -Resale homes are generally in established neighbourhoods with landscaping completed. They may already have upgrades such as a finished basement or swimming pool. GST does not apply unless substantial renovations have occurred. However, maintenance costs may be higher compared to a new home. Resale homes may require a home inspection and you may need to redecorate or renovate.
• Cost
• Your maximum home price depends on your gross household income, your down payment and the mortgage interest rate. Contact a lender in your area to understand these variables and examine all of your options.