Buyer Guide

Buying a home requires extensive technical knowledge.  This is the reason I recommend that you use me for all of your Real Estate needs.

The main function of a Broker or Agent is to act as intermediary in the purchase, sale or rental of an immovable.  He/She plays a prospecting role by finding a home for the buyer, and a client for the seller. 

All Real Estate Brokers and Agents in Quebec must hold a certificate of practice issued by the Association des Courtiers et Agents Immobilier du Quebec (ACAIQ). Don't be fooled by persons who claim to be Brokers or Agents who are not licensed, and who do not have the knowledge needed to represent you in the best way possible.

Estimating your maximum mortgage loan:  Most mortgage lenders use two ratios to calculate the maximum loan that can be granted to an owner/occupant. These ratios are known as GDSR and TDSR.

GDSR: Gross Debt Service Ratio; This sets the maximum amount that can be loaned at 32% of the borrower's gross income.

GDSR= (Capital + Interest + Taxes + Heating + 50% of condo fees) ÷ gross annual income

TDSR: Total Debt Service Ratio; This sets the maximum amount that can be loaned at 40% of the borrower's gross income because it also takes into account personal debt.

TDSR= (Capital + Interest + Taxes + Heating + 50% of condo fees + personal debt repayment) ÷ gross annual income.

Your best bet is to have a house that you are interested in, inspected. Your Real Estate Agent should be able to give you a list of a Inspectors for you to choose from.