Past Event! Note: this event has already taken place.
Real Estate 101
February 17, 2022 at 12:00 PM to 2:00 PM
| Location: | Zoom |
| Audience: | Current Students |
Do you wonder whether it makes more financial sense to rent or buy or what the true costs of home ownership are? This webinar will show you how to calculate how much house you can afford and whether you may be overpaying or getting a great deal. Learn about various fees that realtors rarely mention, the difference between FRMs, ARMs, and VRMs, as well as the various designations real estate agents have. Various CMHC and other freely-available industry reports looking at key metrics will be highlighted so that you can make an informed decision on what will likely be the most expensive purchase of your life. Lastly, you will be provided with a detailed step-by-step guide to buying a home.
Learning Outcomes:
- Know where to find and how to use reports and tools for analyzing the housing market.
- Learn how to calculate the price-to-rent and price-to-income ratios.
- Learn about the pros and cons of renting vs. buying.
- Know the pros and cons of the different types of mortgages (FRM, ARM, and VRM).
Workshop leader(s):
Alex Gavrila
Please note: All graduate students are welcome. If you are a TA, this session counts toward voluntary paid training hours, provided that you are working as a TA in the term when the training takes place.
Competencies:
Financial Literacy
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