Lesson 3: searching for and buying a house
This activity will be completed in the computer lab in pairs. Using the handout below (and the printed version from in class), follow the instructions. Write down the information on your paper copy. As you do this activity, practice keeping multiple websites open at once using the different "tabs" at the top of your web browser.
computer_lab_mortgage_research.docx |
How much can I afford?
1. Go to https://www.realtor.ca/
Search by map for a property in an area that you would like to live
2. Listing Price: _________________________
Maintenance Fees/Condo Fees: _________________ per month
3. Click on "Financial"
1. Go to https://www.realtor.ca/
Search by map for a property in an area that you would like to live
2. Listing Price: _________________________
Maintenance Fees/Condo Fees: _________________ per month
3. Click on "Financial"
4. Now, open another window in your internet browser and find some current mortgage rates
- Go to your personal bank’s website, or check out TD bank mortgage rates https://www.tdcanadatrust.com/products-services/banking/mortgages/mortgage-rates.jsp
- What is the 3 year closed fixed rate? _________________________
- What is the 5 year closed fixed rate? _________________________
- What is the 5 year open variable rate? _________________________
5. Now return to your realtor.ca listing and fill in the following information under financial to help fill out the rest of the chart.