Ask David

Winning at Multiple Offers

Dear David, We are first time buyers. We’ve been shopping for a while, and have made offers on three homes so far. We’ve been approved for a $500,000 purchase, but my partner wants to spend $400,000 tops and keeps insisting that we bid under asking price, even when there are multiple offers. Is he being

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Ask David

Historic designation, retirement affordability

Dear David, I’ve fallen in love with a century home in Kitchener. I don’t think it has an historic designation, but how do I find out before making an offer? – SMITTEN DEAR SMITTEN: Contact the city’s Heritage Planning department. If the home is designated or located in an historically designated neighbourhood, they’ll let you

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How loans reduce purchasing power, DIY home repairs

Dear David, I have two loans that will be paid off in the next six months. Should I wait until they are cleared to sell my current house and buy a new one? – PLANNING AHEAD DEAR PLANNING: There’s no need to wait if you are ready to move now. The process of selling your

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Ask David

How Much do we Spend? What’s a POTL?

Dear David, We are renting and have been approved for a $400,000 purchase. I am comfortable shopping at that price, but my spouse wants to spend $300,000. Who do you think is right? – PLAYING IT SAFE DEAR PLAYING IT SAFE: Your spouse is the person you’re living with and of course they need to

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