When It's Time To Buy A House, Do You Buy New Or Used?

Buying a house can be terrifying. Buying a house in Ottawa is even more terrifying, for many reasons. There are so many questions to answer: should you save up every single penny you have to get a 20% down payment? If you don’t want to wait until you’re 55 to buy a house, what are the options for buying a house without a 20% down payment? When you have finally figured that part out, there are even more questions: Where do you buy – Kanata, Barrhaven, Orleans? What do you buy – a townhouse, a bungalow, a single family home, a duplex? Why is a house in Kanata $600,000 for the same kind of house you would buy in Convent Glen, Orleans, for $320,000? And one of the biggest questions facing many new buyers these days: Do we buy a new house or do we buy “used”?

When my husband and I first decided to buy a home, we had a few “necessities” (besides the actual real ones – like needing toilets and bathtubs and so forth).....Read More

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