Five Tips for Saving for a Down Payment

Saving for a Down Payment on a home can be daunting. When using these tips, it’s important to remember that these measures are only temporary until you save enough for the deposit.

  1. Set up automatic transfers between your chequing and saving accounts that occur each month.
  2. Decide now to put aside tax returns, gifts, bonuses and raises.
  3. Skip the costly vacation or plan a stay-cation instead and save the difference.
  4. Pick up a side hustle or rent out a room/parking space.
  5. Simmer down on holiday & birthday gift giving temporarily.

When you are ready to purchase a home, make sure you get pre-approved and give us a call:

☎️250-585-2601

📧 info@layzelldreger.com