The Rule Of 3 When Buying A Home (VIDEO)

These tips are right on the money.

Contributor

When it comes to buying a home, there are many factors to consider and the decision is likely not going to be an easy one.

In this episode of All Things Money (ATM), host Nicole Victoria provides her advice for being successful with regards to purchasing a property.

Editor's Choice: You're Legally Required To Fill Out The Canadian Census & Here's What Happens If You Don't

One major component the Money Coach highlights is the importance of separating what is nice to have against what is a must-have.

In order to help navigate the tradeoffs, Victoria utilizes a rule-of-three system, using the factors of price, size and style, and location where "what the rule says is that you get to be sticky on two out of those three things."

For more on this and other money-related tips and advice, check out the full ATM series here.

  • Associate Photo Editor Lance McMillan is a Toronto based photojournalist who is focused on telling stories visually. Lance's photography has been published in numerous newspapers and magazines including National Geographic and his images have earned him awards including a 2nd Place in the 74th Pictures of the Year International (POYi), a Finalist in the 2019 Travel Photographer of the Year, and an Award of Excellence in the 78th Pictures of the Year International (POYi). To Lance, the power of telling stories through not just the written word, but through images, and the passion he has for doing so, cannot be overstated. This is particularly true when it comes to telling stories about nature and wildlife, striving to provide insight into the vulnerability of our environment and its inhabitants.
Advertisement Content

As mortgage decisions get harder, professional advice can help cut through the confusion

Here's how speaking to an expert can give you clarity.

This small town in Canada is selling residential lots for just $10 to get you to move there

Your dream home could be closer (and cheaper) than you think! 🏠

Canada's housing market is set to get cheaper and 5 cities are dropping more than Toronto

A buyer's market is finally taking shape across much of Canada. 🏡