Sam Himyary, B.Sc., CFP, AMP
As a certified financial planner, CFP and a mortgage agent, I provide my clients with the most suitable mortgage for their principle residence or investment property . I realize that a family’s home is the biggest purchase and a mortgage can be the biggest liability that a family might incur! I can provide you with the best rates and also make it work within your entire financial plan and future financial goals . We partner with over 40 of Canada's lenders to provide an unbiased recommendation. During our meeting, we can take a snap shot of your current financial picture and make the required adju...
When it comes to home buying, is smaller better?
Date Posted: September 18, 2014
Heating, electricity, insurance, and property taxes are just some of the additional bills that come with owning a house. All other factors being equal, the bigger those expenses will be.
A larger home will have double the space, or more, to warm or cool but it also has more doors and windows that will allow drafts in during winter and cool air out during the summer. More exterior wall surface exposed to the outside during winter months will make the house harder to heat.
You can help keep these costs down by installing good quality doors and windows, but these can be quite costly. A bigger house also means a bigger property tax bill.