News from Canada's Mortgage Experts

Number 9 - Will there be new development?

If you love a home for its adjacent green space or unobstructed views, don’t just assume it will stay that way. A real estate professional can tell you about zoning changes or planned construction that may affect enjoyment of your home. Keep in mind that wellplanned development can also enhance the value of a neighbourhood and improve its infrastructure.

Number 10 - Are there restrictions?

Some municipalities have unique bylaws to restrict things such as new driveways, pools, or sheds. In some private developments, land title may include restrictive covenants to limit you from anything from stringing a clothesline to painting your front door an odd colour. Ask early to avoid any surprises at closing time.