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Buying a house – The stats

Posted by Jason on Wednesday, March 19th 2008

19
Mar

Just for fun and informational purposes, here are all the stats and info on the house I am buying. The house is located in Ontario, Canada, less than an hour from Toronto. Let me know if I have forgotten anything, or if you have any other questions.

4 bedroom semi on a 50′ x 150′ lot.
4 car parking
Fridge, Stove, Washer, Dryer, Freezer and water softener included.
Central Air

Asking Price: $219K
Price Accepted: $212K
Deposit Paid: $1K
Land Transfer Tax :$1875
Yearly Tax: $2300
House Insurance per Year: $500
House Inspection Cost: $340
Current Interest Rate: 5.74% lock in for 5 years, but will go down if banks lower it before closing.
Bi-Weekly Payments: $550
Downpayment: $10,600 (5%)

Popularity: 1% [?]

9 Comments Already

Money Merge Account Said,

March 19th, 2008 @5:47 pm

dang, houses are a lot cheaper than here in california! the lowest house in the area i live in is like 4-500k! and tahts only a 1 story house :/ Maybe i should move to candada too! ;o
~Stacey

Juice 23 Said,

March 19th, 2008 @5:50 pm

thats a pretty good deal for the size of that house. hopefully its a nice area :O Dang, i cant wait to move into a house of my own but i wont be looking forward to all those costs. :/

Cameron Said,

March 20th, 2008 @9:20 am

The U.S. housing market is having a tough time. Is Canada in the same mess?

Justin Said,

March 22nd, 2008 @7:16 am

What city is that is? I just sold my house outside the GTA and it sold for a lot more than that

Jason Said,

March 24th, 2008 @10:07 am

Yes, it is a very nice area. It was a rental house and the landlord was selling off all of there property to retire. The people that were living there would only agree to let it be shown for 3 hours on saturdays so they were having trouble selling it.

I think that is why they let it go for cheap as similar places in the same area are going for much higher. Hopefully this is a good investment and I can’t wait to move in!