When I got to the bottom of the CN Tower I asked myself, if this was my last day what would I do? After a minute of silence to myself… I decided that this definitely made the top 3 list. The other 2 on my list I’ll keep to myself for now. 🙂
So I did it!! Call me crazy, stupid, out of my mind….. I’m the sure the list can go on and on. But I’ll ask you all a quick question. I can guarantee that every single person that has ever driven down the DVP or looked at the CN Tower had this thought pop into their head at least once…… “Hey, imagine walking on the outside of the CN Tower, wouldn’t that be crazy!!” I know I did.
I can tell you this… it’s one of the scariest things I’ve ever done in my life. To top it off, I’m petrified of heights. So what better way to face your fear then to look it straight in the face. So to share the experience and my view from outside of the CN Tower, I attached my personal video experience for you to get a view of what I saw. This was definitely a priceless moment in my life.
If there’s something you want to do in life, just do it!! Life is short and if you’re tired of renting and want to get into home ownership we can help. Sometimes taking the first step can me scary. That venture into the unknown or taking yourself into unfamiliar territory…. I know, I’ve been there.
Here are some great tips we thought we would offer you some other sources that you may not have thought of to help you get into home ownership.
Savings accounts….Ok, we know this may be an obvious way to find funds, however, sometimes you may have more than one account in various banks. Accumulate them and you may have more than you thought!
Tax Free Savings Accounts…Similar to Savings accounts.
A few of our clients didn’t realize there were no tax implications of withdrawing from these types of accounts. They are very different from RSP’s and can be withdrawn from you bank in typically 2 business days.
RSP’s…If this is an option, the tax implication is not that heavy. Typically your bank will hold a 10% with-holding tax (on amounts of $ 5000 and less). What that means is, if you withdrew $ 5000 from your RSP’s you would receive $ 4500.
ESOP (Employee Share Ownership Programs)…Many of you may have signed up for these through you employer. (Walmart, banks etc. do offer these programs). Every pay period a small percentage goes towards your employers share ownership program. Your employer would match your contribution and voila… instant savings program. The balance of your shares are usually not on your pay stub, so you would need to call your employer to find out how much you have saved.
Personal Line of Credits ….Sorry, I know another obvious source of capital- however, if you were approved for an interest only payment that could work out to less than you thought. For example, on $ 10,000 with a 5% interest rate- works out to approximately $ 42/month.
Family Members…You never know until you ask!