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CELEBRATING20YEARSOFHELPINGCANADIANSACHIEVETHEDREAMOFHOMEOWNERSHIP.SPRING2O15CELEBRATING20YEARSOFHELPINGCANADIANSACHIEVETHEDREAMOFHOMEOWNERSHIP.SPRING2O15 2GENWORTHCANADASPRING2015PHOTOCREDIT GENWORTHCANADASPRING2O153WELCOMECHECKOUTGENWORTH.CAEDITORAmandaEatonARTDIRECTORGordonAlexanderFREELANCECONTRIBUTORSYukiHayashiSeanDeasySpringisatimeorreshstartsandasyouembarkonyourinauguralhomebuyingadventurethisspringitsaparticularlyspecialtimeorustoo.Itwas20yearsagothatGenworthCanadafrstpartneredwithlendersacrossthecountrytohelpCanadiansachievehomeownership.Andwhatanadventureitsbeen.TherelationshipswevebuiltwithlendingmortgageandrealestateindustryproessionalscoasttocoasttohelpmoreCanadiansbecomehomeownershavebeenincrediblyulfllingorus.Since1995GenworthCanadahashelped1.5millionamiliesbuyahome.Andlastyearalonewehelpedmorethan5000amiliesacingfnancialdifcultieskeeptheirhomesthroughourHomeownerAssistanceProgram.InthiscelebratoryissueoABetterWaytoHomeOwnershipwecontinuetobuildonourtraditionoinspiringeducatingandinormingfrst-timehomebuyers.Frominsidertipstoinsightulrealstoriesthisissueisavitalresourcetailoredtoyourquestorahome.YoullfndhandymantipsromHGTVstarScottMcGillivraylearnhowtoassembleyourhometeamoproessionalsgainbudgetingadvicediscoverhelpulnewproductsandmore.WealsoshareatouchingstoryaboutoneoouremployeesexperiencewithHabitatorHumanityinArgentina.Bestoluckonyouradventure.WeareproudtobeapartotheCanadianhomeownershipjourney.DebbieMcPhersonSeniorVice-PresidentSalesMarketingGenworthCanadaSPRINGFORWARD 4GENWORTHCANADASPRING201510326NEWSVIEWSHeresalookbackattwodecadesoftrendstipsandtricksofthetrade.11YOUASKEDWEANSWERED13SAVVYSAVINGTIPSYouhaveasteadyjobandasolidincomebutareyoufinanciallyreadyforhomeownership16GETFINANCIALLYFITThinkingaboutbuyingyourfirsthomeHeresour10-pointfirst-timersfinancialfitnessbootcamp.18WERETURNING20HelpingCanadiansachievehomeownershipfor20years.21HOMETRUTHSGenworthCanadasCEOStuartLevingsreflectson20yearsofhelpingCanadiansachievehomeownership.22LIGHTS.CAMERA.ACTIONThispastyearsawGenworthCanadaunveilitsfirstexclusiveonlinevideoseriesfeaturingfirst-timehomebuyersOwnSweetHome.SPRING2015CONTENTS27BEGINNERSLUCKGenworthCanadaemployeessharetheirfirst-timehomebuyingexperiences.29NEIGHBOURHOODMATCHHereareourexpertrecommendationsforfindingtheperfectneighbourhoodforyourfirsthome.32EMERGINGCOMMUNITIESLookforthefollowingsignstodetermineifapotentialneighbourhoodisupandcomingratherthandownandout.36AHELPINGHANDHowarealestateagentorbrokercanbeyourstarplayerintherealestategame.38WHATSONLINE40HANDYMANSSPECIALContractor.Realestateinvestor.TVhost.ScottMcGillivraywearsalotofhats.44VACATIONHOMEGenworthemployeeJuanitaAdendiscoveredthetruemeaningofhomeinArgentina.46FIRST-TIMERTIPSBuyingyourfirsthomeHeresadvicefromtheGenworthsocialmediacommunity. GENWORTHCANADASPRING20155PHOTOCREDITGENWORTHCANADAFALL2O145hertz.caReg.U.S.Pat.Off.2013HertzSystemInc.WhetheryourcarisintheshoporitstimeforalongvacationoraquickgetawaytoseefamilyorfriendschooseHertzforthewidestselectionofvehicles.FromvaluesavingsoptionslikeacompactcartoaroomyfullsizecarorluxurymodelHertzmakesrentingavehicleeasyandaffordable.WithlocationsaroundtheworldinallmajorairportsandinneighbourhoodsacrossCanadanearyourhomeorofcetheressuretobeaHertztogetyouontheroadquicklyandconveniently.Visithertz.cacallyourtravelagentorcallHertzat1-800-263-0600LetYourJourneyBegin THEEDGECHECKOUTGENWORTH.CA6GENWORTHCANADASPRING2O15HappybirthdaytousInhonouroGenworths20yearsobusinessinCanadaheresalookbackattwodecadesotrendstipsandtricksothetrade.1GETPRE-APPROVEDFORAMORTGAGEBEFOREYOUSTARTLOOKINGATHOUSES.Youllhouse-huntwithmoreconfdenceandknowexactlywhatyourbudgetis.BonusPre-approvalshowssellersyoureaseriousbuyer.2KNOWYOURCREDITRATING.Thehigheryourcreditratingthemoreoptionsyoullhavewhenchoosingamortgage.OrderyourcredithistoryromreportingagenciesTransUnionCanadaorEquiaxCanada.3BOOSTYOURCREDITSCORE.DidyouknowborrowerswithexcellentcreditcansnagasmuchasonepercentotheirmortgageinterestrateYoucanstrengthenyourscorebypayingbillsontimeandusinglessthan50percentoyouroverallcreditlimit.4USEYOURRRSPTOWARDADOWNPAYMENT.TheederalgovernmentsHomeBuyersPlanallowsyoutomakeapenalty-reewithdrawaloupto25000orthispurpose.Youhave15yearstorepaythemoneytoyourRRSP.5BUDGETFOREXTRACOSTS.Beyondthepriceoyourhomeexpecthomeinspectioneespropertyappraisaleessurveysorcertifcatesolocationlegaleeslandregistrationeespropertyinsuranceandlandtransertaxes.Setasidethreepercentothehomessellingpricesoyoureprepared.6LINEUPYOURINSURANCE.Yourhomeinsuranceshouldbeinplaceorthedayyoutakepossession.Protectyourbiggestassetlikethetreasureitis7LISTENTOYOURGUT.Especiallyiyoususpectaparticularpropertycouldoverextendyoufnancially.ItsabigmarketandtherighthomeiswaitingoryouOLDERWISERHereare20realestatetipsthatareassmartnowaswhenwefrstranthem.-NEWSVIEWS GENWORTHCANADASPRING2O1578NEGOTIATENEGOTIATENEGOTIATEIyoucanbudgeonmove-intimetolerateaneglectedgardenorcommittoxingabustedgaragedooryourselusetheseasleveragetoaskoralowersellingprice.9ASSEMBLEYOURWINNINGTEAM.ShoparoundortherightREALTORmortgagespecialistorbrokerandlenderbanktrustcompanycreditunionormortgagebank.Lettheirmanyyearsoexperiencesmoothyourpathtohomeownership.10FINDBREATHINGROOM.Manystarterhomesandcondosincludediminutiverooms.Maximizethesespacesbydeclutteringusingverticalspaceandhangingmirrorsortheirbrighteningandroom-expandingeects.11JOINTHECONDOBOOM.CondosareapopularoptionorurbanCanadians.Forrst-timebuyerstheyoeragreatentry-levelinvestmentintohomeownership.12BOOKMARKHOMEOWNERSHIP.CA.Youllndagoldmineohomeownershipandnancialplanningresourcesgearedatrst-timebuyersincludingaordabilitycalculatorsandothertools.13GETASECONDOPINIONONMORTGAGEINTERESTRATES.LookingorthebestrateavailablecouldsaveyouthousandsodollarssaysAntonioNogueiraaREALTORbasedinCambridgeOnt.14RELYONWORD-OF-MOUTHTOFINDAHOMEINSPECTOR.AlbertaandB.C.aretheonlyprovinceswithmandatoryhomeinspectorlicencing.Inotherprovincesandterritoriesaskatrustedrealestateproessionalorsatisedcustomersorreerrals.15DOYOURRESEARCHANDKNOWTHEMARKETVALUEOFAHOME.Beingawareowhatcomparablehomesintheneighbourhoodhavesoldorprovidescontextoranysalesnegotiationsandiscrucialiyourebiddinginamultiple-oerscenario.16BIDDINGWARMakeyourbestoerromthestart.Dontgooveryourpredeterminedlimitbutbidstrong.Eveniyoudontgetthehouseyoullknowyoudidyourbest.17BRINGACERTIFIEDCHEQUETOTHEBIDDINGWAR.IyoureseriousaboutpurchasingahomebringachequewhenyoumakeyouroersothesellerscandepositthemoneytotheiraccountrightawaysaysRichardSilveraToronto-basedREALTORandpastpresidentotheTorontoRealEstateBoard.Itmaypushyouroertothetop.18CONSIDERANINCOMEPROPERTY.Buyingaprimaryresidencewithasel-containedrentalunitisagreatwaytoosetthecostsohomeownership.Itcanbeagamechangerorrst-timershouse-huntinginahigh-pricedrealestatemarket.19CHOOSESTANDARDNOWANDSPLURGELATER.Sticktobudget-riendlybasicswhenbuyingdoorswindowsandcabinetryorimprovementstoyourrsthome.Theycostlessandarriveasterthanspecial-orderitems.Savehigh-endsplurgesoryouroreverhome.20CHECKOUTGENWORTHCANADASHOMEOPENERSAPP.Loadaordabilitycalculatorsmortgagedescriptionsandotheressentialinotoyoursmartphonesoeverythingyouneedtostartyourrealestateadventureisathandinafash 8GENWORTHCANADASPRING2015THENVS.NOWDECORATINGESSENTIALSTHENWhitelaminatekitchenandbathroomcabinetryOverstuffedcouchFicustreeNOWReclaimedwoodorsleeklacqueredcabinetryTailoredsofaMoneytreeHOTORNOTDECORATINGTRENDSTHEEDGECHECKOUTGENWORTH.CALIGHTKNOTTYPINE1995HOT2015NOTMID-CENTURYMODERN1995NOT2015HOTGLASSBRICKS1995HOT2015NOTOPEN-PLANKITCHENDININGSPACES1995HOT2015HOT GENWORTHCANADASPRING20159THENVS.NOWREALESTATEThestickerpriceofhomesweethomestodayandtwodecadesago100k200k300k400k500k600k700k800k900kVancouverCalgaryTorontoMontrealCanadianAverage19952014AVERAGEPRIMEMORTGAGERATETHEN8.50NOW2.89CANADIANAVERAGEFAMILYINCOMETHEN54583NOW74540SourcesCREAandQFREBMontrealonly95MTLpricebasedonCREA14MTLpricebasedonQFREB PHOTOCREDITTHENVS.NOWCANADASSURPRISEBOOMTOWNSFivesmalltomediumcitiesandtownsontheupswingwithjobsgrowingeconomiesandanaffordablerealestatemarkettobootCIRCA1995KanataOnt.MississaugaOnt.LethbridgeAlta.SaskatoonSask.KelownaB.C.CIRCA2015VilledeSaint-GeorgesQue.HamiltonOnt.MooseJawSask.CanmoreAlta.DawsonCreekB.C.HamiltonOntario10GENWORTHCANADASPRING2O15THEEDGECHECKOUTGENWORTH.CAPHOTOTOMFLEMMING GENWORTHCANADASPRING201511HELPCHECKOUTGENWORTH.CAWHENISTHERIGHTTIMEFORYOUTOCONTACTUSCustomersshouldcontactusassoonastheyknowtheyarehavingorareabouttoencounteranydiculties.Thisallowsustopresentourcustomerwithawidervarietyosolutions.WHATSITUATIONSQUALIFYThereisarangeosituationsthatmaynegativelyimpactyourabilitytomakeyourmortgagepaymentsincludingjoblossorreducedincomemaritalseparationandunexpectedillnessordisability.WHATARETHEAVAILABLEOPTIONSItsessentiallyafexiblecase-by-casebasis.Ourteamospecialistsworkinginconjunctionwithyourlenderwillconsideranysolutionthatmayseektoalleviateyourtemporarynancialhardship.Eachsituationisassessedindividuallyinordertodeterminetheidealworkoutsolution.SomecommonoptionsthatcanbeconsideredarecapitalizearrearsincreaseamortizationperiodpartialorsharedpaymentplandeferredpaymentsrestructuremortgageHOMEOWNERASSISTANCEEVALUATORTheHomeownerAssistanceEvaluatorisasel-assessmentonlinetoolthatcanenableyoutoevaluateyourowncurrentnancialsituation.Andthentotakeittothenextstepitprovidespotentialsolutionsoryourconsideration.TocompletetheEvaluatorToolandexplorewhatyourpotentialoptionsaregohereGenworth.cahoaindex.html.OriyouwouldliketospeaktoaHomeownerAssistanceSpecialistpleasecallusat800-511-8888MondaytoFridaybetween830a.m.to7p.m.ETorsendanemailtohomeassistgenworth.com.QImissedamortgagepaymentbecauseoatemporarynancialsetback.WhatshouldIdoATohelpyoustaysecureinyourhomewhentimesgettoughGenworthCanadahasaprogramthatenablesyoutoworkinpartnershipwithusandyourlendertoestablishalternativearrangements.ThesolutionathandiscalledtheHomeownerAssistanceProgramandasahomeownerwithaGenworth-insuredmortgageyoucantakeadvantageatnocost.TheHomeownerAssistanceProgramisspecicallydesignedtohelphomeownerswhoareexperiencingtemporarynancialdicultiesasaresultoanunexpectedlieeventwhichmayaecttheirabilitytomaketheirmortgagepayments.GenworthCanadahasadedicatedteamoHomeownerAssistanceSpecialistswhoaretrainedinidentiyingthebestworkoutsolutionsorcustomersexperiencingsuddenchallengesmeetingtheirpaymentresponsibilities.Ourspecialistscanexploreanumberooptionsthatmayhelpyoukeepyourhomewhenyouareacedwithnancialhardship.YOUASKEDWEANSWERED GENWORTHCANADASPRING201513BUDGETINGCHECKOUTGENWORTH.CAShouldpeopletakeonamortgageiftheyhaveconsumerdebtBeoreyoubuyrampuprepaymentsoyoureoutodebtastthenreallocatethatmoneytoahomeaccount.ThereareamillionwaystosaveTrythese.Saveyoursavings.Whenpeoplebuyonsaletheysaytheysavedmoneybuttheydidnt.Inastoretheshoeswereregularly90andnowtheyre45.Youdidnotsave45bybuyingthemButyoucanturnthatexpenseintosavingsbyputtingthedierencebetweentheregularpriceandthesalepriceintoyoursavingsaccount.Substitutecreditcardpoints.Thenexttimeyouusepointstopayorapurchaseputthecashyouwouldhavespentintosavings.SAVVYSAVINGTIPSYouhaveasteadyjobandasolidincomebutareyoufnanciallyreadyorhomeownershipStraight-talkingauthorTVpersonalityandmoneyexpertGailVaz-Oxladecanhelpyoufgureitout. 14GENWORTHCANADASPRING2015BUDGETINGCHECKOUTGENWORTH.CATaxyourspending.Iyoucanaordastoodyoucanaordthistax.Keepatininyourcarandeverytimeyouvisitthedrive-thruputatoonieinthetin.IapersonwantstobuytheirfrsthomewithintheyearhowdotheypreparefnanciallyrightnowCalculatethemonthlymortgageonthehomeyouwantandaddinsuranceutilitiesandmaintenancecostsdontskimponmaintenanceGowiththreepercentannuallyothecostothehouseitselnottheland.Addthoseupandthatswhatitcoststolivethere.Nextsubtractyourcurrentrent.Thedierenceistheamountyouneedtoputinasavingsaccounteverymonthbeoreyoubuy.Iyoucantaordthatyoucantaordthehomeyouwant.Keepsavingasmuchasyoucanandyoullbebuildinganicenesteggwhichcancoverclosingcostswhenyoueventuallydobuyahomeyoucanaord.Agoodcreditscoreandcreditreportsaveshomebuyersmoney.HowcanpeopleimprovetheirscoretogetalowerinterestrateromlendersAcreditscorewontgetyouabetterinterestratebutiyoureat600thatsborderline.Hereswhatyoucando.Putaside5000inasavingsaccountthentakeoutanRRSPloanor5000romabank.UsethemoneyinyoursavingsaccounttomakemonthlypaymentstotheRRSPloanorthenextourtosixmonths.Dontpayitoallatoncethepointistomakeregularpaymentsovertime.Aslongasyousavethe5000frstyoucanaordtodothisandarentlivingbeyondyourmeans.Youreessentiallybuyingabettercreditscore.Youalsohavetouseacreditcardregularlyandalongwithallyourotherbillspayitoontime. GENWORTHCANADASPRING201515IyouwantrootsinacommunityowningisagreatwaytodothatbutpeoplewhoipeveryfvetosevenyearsarecrazytheinsandoutskillyoufnanciallyLetssaytheircreditscoreishighenough.ShouldpeopledepositmoneyintoanRRSPinordertomakeawithdrawalorahomelateronTheHomeBuyersPlanisagreatwaytosetasidemoneyoradownpaymentbecauseyougetthetaxbenet.Itsagoodplan.Useit.Justdontdeludeyourselintothinkingyouresavingorretirementbecauseyourenotyouresavingorahouse.ThemoneyprobablywontgobackintoyourRRSPoranother15years.AretherefnancialreasonsorowningratherthanrentingWhetheryoubuyorrentitsaliestylechoice.IyouwantrootsinacommunityowningisagreatwaytodothatbutpeoplewhofipeveryvetosevenyearsarecrazytheinsandoutskillyounanciallyIyoubuystayoratleast10years.HowmuchdoIneedbesidesthedownpaymentBetween3000and4000plusHSTiyourebuyinganewbuild.Watchoutorapropertytaxadjustmentithesellerhasalreadypaidpropertytaxormonthsthatyouwillhavepossessionothehomeyoullhavetopaybackthatmoney.Andrememberstart-upeeswhenyoumoveintoolandlinegasandhydroaccountsallhavethem.Youshouldhaveabout500savedorthoseees. 16GENWORTHCANADASPRING20152.CHECKYOURCREDITOrderacopyoyourcreditreportromTransUnionCanadaorEquiaxCanadasoyoucancheckyourscoreandcredithistoryandensuretherearenoerrors.Contactthecreditreportingagencyiyouidentiymistakes.1.GAUGEYOURFINANCIALFITNESSYouneedanhonestassessmenttoknowwhatareasoyourfnancialhouseareontrackandwhatareasneedimprovement.GetyourFinancialFitnessScorebytakingtheGenworthCanadaandCanadianAssociationoCreditCounsellingServicesfnancialftnesssurveyatcaccs.ca.BUDGETINGCHECKOUTGENWORTH.CAGETFINANCIALLYFITThinkingaboutbuyingyourfrsthomeNowsthetimetopumpupyourfnancialftnessboostyourcreditratingbulkupyoursavingstrimtheatromyourmonthlybudgetandstayocusedontheprize.Heresour10-pointfrst-timersfnancialftnessbootcamp.Readysetgo GENWORTHCANADASPRING2015173.BUMPUPYOURCREDITSCOREThehigheryourcreditscorethebetterthelendingtermsyoullreceivewhetheroramortgagecarorconsumercreditloan.Themosteectivewaysoimprovingyourscorepayingyourbillsontimedramaticallypayingdownorbetteryetclearingyourcreditcardbalanceeachmonthandrepayinganyloans.4.CREATEAMONTHLYBUDGETFindatemplateonlineordownloadahouseholdbudgetingapptoyoursmartphone.HowmuchdoyouspendeachmonthonrentandutilitiestransportationgrocerieschildcareinsuranceevengymmembershipsandclothingYouneedaccurateincomeandexpenditureinotoevaluatehowmuchhouseyoucanaordandfndwaystosave.TryMint.comiPhoneWindowsPhoneandAndroidorYouNeedABudgetiPhoneandAndroid.5.DETERMINEHOWMUCHHOUSEYOUCANAFFORDUseyourbudgettoevaluatehowmuchoamortgageyoucanaord.Abankmayapproveyouormonthlymortgagepaymentsoupto35percentoyourgrossincomebutcanyouaorditWorkoutwhatyourutureexpenseswilllooklikeeachmonthmortgageinsuranceutilitiestaxesplusocoursetheotherexpenses.DoyoumakeenoughtocoverthiswithenoughletovertosaveInotmaintainbreathingroombyoptingoramoreaordablefrsthome.6.STARTPAYINGYOURMORTGAGEIyouruturemortgagepaymentswillcostapproximately1800permonthandyoucurrentlypay1300inrentnowsthetimetostartsettingasideanextra500permonthsoyoucangetintothehabitobudgeting1800permonthorshelter.Thishasthebeneftogrowingyoursavingsaster.7.TRIMTHEFATDownloadadailyspendingtrackerapp.Attheendothemonthyoullbeabletospotpatternsandidentiythemosteectiveplacestosavemoneywhetheryourspendingviceisatwo-lattes-per-dayhabitortoomanytaxirideseachmonth.8.BULKUPYOURINCOMEAnotherwaytoholdontoyourmoneyistomakemoreoitConsiderasecondjobextrahoursorsellingthosecollectiblesoneBay.BonusFewerboxesonmovingday9.PAYYOURSELFFIRSTGetseriousaboutpayingyourselfrstbysettingupbiweeklyauto-transersromyourchequingaccounttoyoursavingsaccount.Beyondthedownpaymentandclosingcostsassociatedwithanewhomehomeownershipmightcomewithsurpriseexpenseslikealeakyrooandbrokenwashingmachine.Ahealthysavingsaccountwillmakeyoulessstressedaboutthesepossibilities.10.CONSIDERPROFESSIONALADVICEOnceyoureontrackseeafnancialadvisortoworkoutshort-andlong-termstrategiesoryourongoingfnancialgoalsromhomeownershiptoretirementsavings.Youllgetmoreromthemeetingiyoualreadyhavesetgoalsandactionsinplace.WantmoreinoVisitHomeownership.caormorefnancialtipsgearedtowardfrst-timehomebuyers. PHOTOCREDITWERETURNING20HELPINGCANADIANSACHIEVEHOMEOWNERSHIPFOR20YEARSGENWORTHBYTHENUMBERS1995-20151.5MILLIONthenumberoffamiliesacrossCanadawhohaveachievedhomeownershipwithourhelp29000thenumberoffamilieswhohavebeenabletostayintheirhomesthankstoourHomeownerAssistanceProgram200thenumberoflendersacrossCanadathatweworkwithSTAFFNUMBERS270employees80EMPLOYEESwith10yearsofservicewhobringmorethan1000YEARSofexperiencetothebusiness18GENWORTHCANADASPRING2015ANNIVERSARYCHECKOUTGENWORTH.CA20YEARSATTHEHEARTOFHOMEOWNERSHIPINCANADA PHOTOCREDITCOMMUNITYPARTICIPATIONBYTHENUMBERSHABITATFORHUMANITYCANADA2.8MILLIONdonatedinsupporto45HabitatorHumanityafliatesacrossCanada1000sovolunteerhoursonHabitatbuildsitesimpacting1800amilies12000hoursovolunteerservicebyGenworthCanadaemployees5.2MILLIONdonatedto78charitiesnationwideOAKVILLE250000donatedtothenewOakville-TraalgarMemorialHospital250000donatedtoWellspringinpartsupportotheMoneyMattersResourceCentre500000donatedtotheUnitedWayoOakvilleAwardedfrst-everCommunityBuilderotheYearAwardatthe2012OakvilleAwardsorBusinessExcellence35000childrenengagedinclassroomsandcommunitiesviaGenworthCanadasMeaningoHomecontestJDRF198000raisedbyemployeesparticipatinginbikeridesacrossthecountryorjuvenilediabetes.GENWORTHCANADASPRING201519 20GENWORTHCANADASPRING2015PHOTOCREDITEstablishedinCanadaasGEMortgageInsuranceandledthewayorprivatemortgageinsuranceinCanadaLaunchedinnovativeproductstoenablehomeownershipandsupportthemortgagelendingindustryLaunchedproprietaryhomegrowntechnologyplatormstosupportthebusinessandtheindustryLaunchedaconsumer-ocusedwebsitehomeownership.caaimedateducatingandempoweringfrst-timehomebuyersLaunchedMyHomePlanner.caapracticalonlinetoolkittohelphomebuyersstayorganizedandontrackthroughouttheprocessWentpublicin2009asGenworthMICanadaandbegantradingontheTSXunderthestocksymbolMICLaunchedNationalHomeownershipEducationWeekin2010toreinorcecommitmenttoindustryandconsumereducationaroundhomeownershipandfnancialliteracyPartneredwiththeCanadianAssociationoCreditCounsellingServicesin2011tocreateanonlineFinancialFitnesstoolFinancialFitness.casoaspiringhomebuyerscanassesstheirhomeownershipreadiness.LedtheconversationwithhomebuyersthroughGenworthSmartShoppercommunityonFacebookLaunchednewGenworth.cain2012toenhanceonlineoeringsormortgageandreal-estateindustryproessionalsLedthewaywithinnovativeonlinetoolsandvideosincludingtherecentOwnSweetHomeVideoSeriesandGenworthCanadaHomeOpenersAppBuiltabest-in-classtrainingandeducationprogramormortgageindustryproessionalsdelivering7000sessionsto50000lendersmortgageoriginatorsbrokersandREALTORsin2014aloneFINDITALLATGENWORTH.CAGENWORTHTIMELINE1995-2015HIGHLIGHTSANNIVERSARYCHECKOUTGENWORTH.CA20GENWORTHCANADASPRING2015ABOUTGENWORTHAsthelargestprivateresidentialmortgageinsurerinCanadaGenworthCanadaprovidesmortgagedeaultinsurancetoCanadianresidentialmortgagelendersmakinghomeownershipmoreaccessibletofrst-timehomebuyersacrossCanada. GENWORTHCANADASPRING201521QWhataresomeothewaysfrst-timehomebuyinghaschangedovertheyearsABuyingahomecontinuestobethelargestinvestmentoalietimeormostindividuals.Assuchtheemotionsitcarrieshavenotchanged.Andwhiletighteningomortgagerulesandaordabilitypressureshavemadeitmoredicultorrst-timebuyerstoenterthehousingmarketconsistentlylowinterestrateshaveosetsomeothosechallengesandcontinuetomakethedreamachievable.QHowhaveGenworthCanadasproductsadaptedtomeetchangingtimesAWeworkcollaborativelywithourcustomerstodeliverproductsthatenableresponsiblehomeownerswhilesupportingastableandsoundhousingmarket.Ourproductshelprst-timebuyersbutalsorepeatbuyerssuchasthosebuyingasecondaryhomeoraamilymemberoravacationhome.Wealsoprovideourinsuredcustomerswithsupportandsolutionsshouldtheyacenancialdicultiesthatputtheirmortgagepaymentsatrisk.ThisprogramisreerredtoasourHomeownerAssistanceProgramandisrecognizedinourindustryasaleadingedgedeaultmanagementsolution.QGenworthCanadahasgainedareputationorhelpingthosewithextrachallengesonthepathtohomeownershiporexamplesel-employedpeoplerecentimmigrantsandthoseseekingtobuywith5downpayments.WhythisprogressiveocusAWebelievethateveryresponsibleCanadiandeservesanopportunitytoachievehomeownership.Tothatendweadoptaprudentyetholisticapproachtounderwritingthattakesintoaccountavarietyocriteriatoevaluatethenancialstrengthandviabilityoanyapplication.Giventhetrendtowardsindependententrepreneurialismthegrowingnewimmigrantdemographicandaordabilitypressuresinkeymarketstherearemanydierentchallengesthatcanbeacedbyhomebuyers.Weprideourselvesinbeingabletondsolutionstohelpourlendershelptheirmortgagecustomersovercomesomeothosechallenges.QWhatsnextorGenworthCanadaAWeareproudtobecelebrating20yearsohelpingCanadiansachievetheirhomeownershipdreamsandwelookorwardtomanymoredecadesattheheartohomeownershipinCanada.HOMETRUTHSGenworthCanadasCEOStuartLevingsrefectson20yearsohelpingCanadiansachievehomeownership 22GENWORTHCANADASPRING2015PHOTOCREDITLIGHTS.CAMERA.ACTIONThispastyearsawGenworthCanadaunveilitsfrstexclusiveonlinevideoserieseaturingfrst-timehomebuyersOwnSweetHome.Thefve-episodestoryollowsayoungTorontocoupleintentonbuyingtheirfrsthome.Theseriesgoesevendeeperexploringtheemotionbehindthecouplespursuitofndingandpurchasingtheirperecthouseintheirpreerredneighbourhoodandwithintheirsetbudget.Theirstoryreachedandstruckachordwithavastviewershiptodatetheserieshasgarneredmorethan100000viewsEPISODE1HOMETEAMIntheopeningepisodewemeetandstartgettingtoknowtheprospectivehomebuyersAdamandSarahwhovebeentogetheroraboutayearandwhoaredeterminedtofndtheirfrsthometogether.SarahwhogrewuponalargearmnorthoTorontoisamassagetherapistwithherownpractice.Adamisanelectricianwhogrewupinthesuburbs.Theirdreamistoliveinaneighbourhoodthathasacommunityeelandislocatedrightintheheartothecity.AbackyardwouldbenicesaysAdam.Thebehind-the-sceneslookatthecouplesjourneyocusesonworkingwithkeyadvisorsalongthewayandunderstandinghowtheycontributetothehomebuyingprocess.TheirfrstallyisAdamCharleswortharealestateagentwhostrivestohelpthecoupleunderstandthedierencebetweentheirwantsandneedsonthepathtohomeownershipdemystiyingallthenittygrittysuchasfnancingdepositsmortgageinsuranceandlegalcosts.WealsohearromDrewDonaldsonamortgagebrokerwhoeducatesAdamandSarahonthepre-approvalprocess.Asthesearchcommencesthecouplesharetheirconcernsastrongdesireorahouseinjusttherightlocationinasaeneighbourhoodwithquieterneighbours.LettheadventurebeginREALLIFECHECKOUTGENWORTH.CA GENWORTHCANADASPRING201523PHOTOCREDITREALLIFECHECKOUTGENWORTH.CAPHOTOPAULAWILSON 24GENWORTHCANADASPRING2015PHOTOCREDITEPISODE2DISCOVERINGWHATYOUCANAFFORDOurearlesscouplestartEpisode2bymeetingmortgagebrokerDonaldsonace-to-aceorthefrst-timearmedwithtaxreturnsproooincomeandothervitaldocumentsalltoassesswhattheycanaordinamortgage.DonaldsonhelpsAdamandSarahnumber-crunchtheircreditincomeanddownpaymentoptionssotheycanestablishabudgetandgetpre-approvedpriortoconsideringhittingthestreetsinsearchoanewhome.FixedorvariableAmortizationBeoretheirheadsexplodeDonaldsonnotonlysetsthecouplestraightonterminologybutalsoexplainstheconsultativeapproachtofndingthemjusttherightlender.Pre-approvedandreshlyinormedotheirfnanciallimitationstheduoarenowreadytomeetwiththeirrealestateagentandstarthousehuntingEPISODE3HOMEBOUNDThecouplemeetwiththeirrealestateagentCharlesworthtorevisittheirgoalsandwishlistbeoreviewingpotentialproperties.Thisstagealsoincludesscalingasteeplearningcurve.WhatisahomeinspectionandwhyisitimportantHowdoestheagreementopurchasesaleworkHowdoestheoerprocessworkOncetheonslaughtoinoishammeredoutasCharlesworthcallsittheteamisreadytoexploreneighbourhoods.Thecouplefnallygetouttoseesomepropertiesquicklydiscoveringthatlocationlocationlocationisnotahollowclich.AstheyviewahousethatrequirestoolongacommuteanotherthatistooclosetonoisytrafcandstillanotherthatneedstoomuchrenoloveAdamandSarahbegintoappreciatetheamountoresearchthatneedstobedonenottomentiontheemotionalinvestmentotheirquest. GENWORTHCANADASPRING201525PHOTOCREDITEPISODE4HOMESTRETCHTheyoundthehouseItsonethatchecksalltheboxesorourcourageouscoupleandonethattheyvemadeanoeron.WiththatoerpendingAdamandSarahhirehomeinspectorRobertKintoassisttheminmakinganinormeddecisionaboutthevalueothehomeandtheutureupkeep.Kintakesthemthroughthehouseingreatdetailromroofngtowiringtoplumbingandhelpsthemappreciatetheneedtoeliminateanyissuesorpitalls.Withtheirhomeochoicepassingthetesttheyreexcitedtomoveorwardwiththeiroer.REALLIFECHECKOUTGENWORTH.CA 26GENWORTHCANADASPRING2015PHOTOCREDITEPISODE5HOMERUNInthethandnalepisodeotheseriesviewersshareintheexcitementasAdamandSarahwaittoseeitheiroerwhichrealestateagentCharlesworthpreparedwithconditionsorbothnanceandhomeinspectionwillbeaccepted.Thesharedtensionbuildsaswerecapthehomesattributesdetachedperectlocationrightneighbourhoodgarageparkingallwithinthecouplesbudget.ThepropertyochoicehascheckedallthemainboxesCharlesworthwalksthecouplethroughtheoerprocessandwhatcanbeexpectediandwhentheoerisaccepted.Thecouplelookbackontheirentirersthomebuyingexperiencerefectingonitschallengesandtheirroller-coasterrideoemotions.WehearotheunorgettablemomentAdamandSarahdiscovertheyjustboughtahome.Andnallyourmonthsatermovingintheyrevelintheaccomplishmentotheirteamandjustwhatittooktoarriveattheirownhomesweethome.PHOTOPAULAWILSON GENWORTHCANADASPRING201527BEGINNERSLUCKGenworthCanadaemployeessharetheirfrst-timehomebuyingexperiencesCatherineAdamsTITLEVICEPRESIDENTBUSINESSDEVELOPMENTFIRST-TIMEEXPERIENCEWhenmyhusbandandIboughtourfrsthomewelearnedfrst-handthetruevalueoahomeinspection.Attheendoabusymovingdayandeelingveryproudasfrst-timehomeownerswerealizedaswewerebrushingourteetheverythinggoingdownthebathroomsinkwascomingbackupthroughthebathtubdrain.WequicklyreprioritizedourlistorenovationprojectsandbumpedtheplumbingintothenumerounopositionWedidtheworkourselvesinoursparetimeandmanagedtogetitalldoneinaboutaweekhoweverduringthattimewehadtomakedailytripstomyparentshousetoshower.LESSONLEARNEDMinimizesurpriseswithahomeinspection.REALLIFECHECKOUTGENWORTH.CA 28GENWORTHCANADASPRING2015GraemeMacKenzieTITLEREALESTATESPECIALISTFIRST-TIMEEXPERIENCEWhenmywieandIdecidedtojumpintothehousingmarketwehadbeenrentersorthelastthreeyears.Wesatdownanddecidedwhatlocationswouldbebestorourwants.Wetestedeachareaointerestorliestyleandcommunitybyspendingadayineacharea.Wecommutedtoeachlocationtogetaeelortracfowandkeptoureyesoutorconstructionprojectsthatwouldimpactourlivesonaday-to-daybasis.Wealsoevaluatedcostohousingagainstthecostocommutingorthetwoousandhowthatwouldhaveaneectondowntimeandhomeenjoyment.Ultimatelywedecidedonanareaandstartedtoevaluateneighbourhoodsestablishingwhatpricewewouldbecomortablewithtoensureagoodbalanceinourlives.Throughthisprocesswegainedinsightintowhatwouldmakeushappyashomeownerswhichmadetheprocesssmootherandmoregratiying.SittingdownasacoupleanddevisingastrategytondingtherighthousehasnowleadustopurchasingourrsthomeandwecouldnotbehappierLESSONLEARNEDResearchresearchresearchDonnaL.DriverAMPTITLEDIRECTORINVESTIGATIONSRECOVERIESMORTGAGEINSURANCEFIRST-TIMEEXPERIENCEThehousewasacenturyarmhomeinWestFlamboroughONwithabigpicturewindowacingopenelds.Themovingtruckhadunloadedtheurnitureanddeparted.Itwasabrightcrispwinteraternoonandmygoldenretrieverwasjuststartingtosettledownromthecommotionothedaysevents.Suddenlyweheardacrash.RacingintothelivingroomwewerestunnedApartridgehadjustfownthroughourpicturewindowandsmashedittopieces.Mygoldenretrieverpromptlyscurriedthroughthebrokenglasstothedistressedbirdandretrieveditinhermouth.TakingthebirdrommydogsmouthIclosedtheFrenchdoorstothelivingroom.ThisisamovingdaydisasterColdweatherwasuponusandawindownowrequiredimmediatecoveringandreplacement.HeadingoutthedooranddownthelanewayIranintoalocalresidentwhowaspassingby.Iexplainedwhathadhappenedandhewasquickaboutgettingplywoodnailedontothewindowramebeoredark.OnhiswaythroughthekitchenhenotedtheculpritthatcausedthedistressothedaythepartridgeInaverynonchalantvoiceheaskedwhatIwasgoingtodowiththebird.Myresponsedisposeoit.HeveryquietlypickedthepartridgeupandstatedverymatteroactWithnobulletsinititsagoodeatingbird.IyoudontmindImgoingtotakeit.LESSONLEARNEDTrynottogetoverwhelmedbyamovingdayeventyoucantanticipateeverythingandultimatelytheresalwayssomeonewillingtohelpyouout. GENWORTHCANADASPRING201529PHOTOCREDITTheoldadagelocationlocationlocationcouldntbemoreaccurate.Whenyoubuyapropertyyourebuyingintoaneighbourhoodtoo.Hereareourexpertrecommendationsorfndingtheperectneighbourhoodoryourfrsthome.NEIGHBOURHOODMATCHLIFESTYLECHECKOUTGENWORTH.CA 30GENWORTHCANADASPRING2015STARTWITHTHEFUNDAMENTALLIFESTYLEQUESTIONCITYORSUBURBSToronto-basedREALTORMichaelMcCannsuggestsaskingyourseluprontAreyouasuburbaniteorurbaniteDoyouwanttherelativequietoaplannedcommunityinthesuburbsorwouldyoupreertoliveintheheartoalltheactionFINDTHENEXTBIGTHINGIyourenotaversetoalittlebitocalculatedriskexplorecommunitieswithsimilaramenitiespotentialorboth.TorontohomeownerAlisonLawler-Deansaysup-and-comingareasareasmartbet.Dontbuyinagoodneighbourhoodbuyinaneighbourhoodonthevergeobeinggood.Itmakesoragreatinvestment.Lawler-DeanspartnerMaxValiquetterecommendssearchingwithinaneighbourhoodsurroundedbygentrifcation.Emergingcommunitiesbeneftromaspillovereectandwillgetthereasterthanonesinlessdynamicareas.urbansuburban GENWORTHCANADASPRING201531THINKABOUTDISTANCEIyouhavekidsorarestartingaamilysoonconsiderwalkingdistanceandroadsaety.ItsalwaysabonuswhenkidscanwalktoschoolwithoutcrossingamainroadwayandparksandplaygroundsarewithinwalkingdistancesaysrealestateappraiserValJonssonoWinnipeg.EveniyourkidsareyoungnowthinkfveyearsaheadcanyouseethemwalkingthemselvestoschooleachmorningYesThatsagiantcheckmark.BUYINGOFFTHEBLUEPRINTLOOKAROUNDYOUManyfrst-timerschoosetosavemoneybybuyingtheirfrsthousetownhouseorcondoatthepre-buildstage.Whendoingsosurveythesurroundingarea.Thenewbuildthatsclosertoadditionalhousingsupermarketsshopsparksandacommunitycentreisthesmarterinvestment.LandvaluesmightbesimilaratthebeginningstagesoadevelopmentwithinfvepercenthowevertheresalecanbegreaterortheneighbourhoodthathaseverythingwithinitsboundariessaysJonsson.HOUSE-HUNTWHEREYOUSHOP...andbrunchandworkout.Iyouspendalototimeinaspecifcneighbourhoodalreadychancesareowningahomeinthatneighbourhoodmaybeagoodft.Weallstrivetomakeitalittlesimplersomedays.SowhenyouhaveplacestoshopbankgetyourhaircutandsoonwithinacoupleominutesromhomeitsagreatftsaysJonsson.WEIGHESTABLISHEDNEIGHBOURHOODSAGAINSTNEWDEVELOPMENTSMcCannsotheruprontquestionisDoyouwanttoliveinanestablishedneighbourhoodoranewsubdivisionThebeneftsotheormerincludeastablecommunityidentityandresourcesandknownrealestatevalues.Butiyoudiveintoanewdevelopmentyoullplayamoreactiveroleinhelpingtocarveoutareshcommunityvibeotenwhilesavingonyourhometoo.GETOUTTHEREANDSTARTMEETINGPEOPLEFinallyonceyouhaveselectedaewpotentialareastogohouse-huntingwithingetstartedonyourlegwork.TheonlywaytodeterminethebestneighbourhoodoryouistowalkthestreetssaysMcCann.Talkwiththedogwalkershavelunchatthelocalrestaurantstakeinagameatthelocalarenaandinyourtravelstalktoeveryoneyoumeet.Thesewillbeyournewneighbourswhoisbettertogiveyoutheinsidescooponwhatmakesitagreatplacetolive 32GENWORTHCANADASPRING2015Up-and-comingneighbourhoodsareperectorfrst-timehomebuyersbecausethehousesandcondostendtocostlessthaninestablishedmiddle-classareasmeaningyoucanbuymoreorless.Withalotofxer-uppersavailableaspiringDIYershaveplentytochooserom.BonusFlourishingcommunitiestendtohaveahipyouthulvibeowingtotheyoungcouplesamiliesandcreativetypeswholiveinthem.Asnear-primeneighbourhoodssproutshopscasandrenovatedhomesyourpropertyvaluewillincreasedramatically.Notbadorafrst-timerealestateinvestment.EMERGINGCOMMUNITIES101Lookforthefollowingsignstodetermineifapotentialneighbourhoodisupandcomingratherthandownandout.ArtistsandothercreativetypesArtistsaretheearlyvanguardogentrifcation.Luredbyinexpensivehousingspaciouslive-workspacesandinterestingenvironmentsartistsdiscoverup-and-comingneighbourhoodsfrst.Galleriescasandindieshopsopenascreativeproessionalsarriveintheirwake. GENWORTHCANADASPRING201533AmonthlynewspaperTostayafoatnewspapersrequireanactiveBusinessImprovementAssociationandlocalshopkeeperstopurchaseadsandmotivatedlocalcitizenstopickupthepapersubmitcommunityeventsorcoverageandvolunteertheirwritingandphotographyskills.Upshotcommunitypapercommunityengagement.RestaurantsyoudeatdinneratLow-incomeneighbourhoodsnotonthevergeobetterdaystendtohostonlytwotypesodinnerestablishmentscheapast-oodjointsandbars.Anareaontherisewillhavecomortablesit-downrestaurantstoo.Inearlystagesorevitalizationrestaurantsaremodestthinkmom-and-popdinersandPhospotsratherthanwoodredpizzaeateriesbutindicateasaecommunitywherelocalamilieseelcomortablediningoutatnight.LIFESTYLECHECKOUTGENWORTH.CA 34GENWORTHCANADASPRING2015PHOTOPAULAWILSONObvioushomeimprovementsLower-coststreetseaturehouseswithroosclearlyinneedore-shinglingexteriorscryingoutorreshpaintandporchesblightedbymultiplemailboxesindicatingmultiplerentalunits.Butitheselessdesirablehomesarefankedorbetteryetoutnumberedbynicelyrenovatedandrestoredpropertiesyourelookingatastreetthatsontheupswing.Investinginanup-and-comingareaisoneofthebestwaystobuildequityfast.Somerst-timersusethisstrategytofiptheirhouseandbuyintoamoreestablishedcommunity.ManyothershoweverendupstayingintheirstarterhomebecausetheylovetheirneighbourhoodtoomuchtoleaveItsonyourrealestateagentsradarFinallyyoucantbeattheadviceoalocalrealestatepro.Early-emergingareasaregrittierthanmid-gentricationareasandwilltakelongertoberecognizedasundertheradarneighbourhoodsthathavearrived.Thatswhytheyoerthebiggerbargains.Talktoyourrealestateagentaboutwhatyourcomortzoneis.5up-and-cominghoodstoconsiderMONTREALParkExtensionParkExOTTAWAHintonburgandMechanicsvilleTORONTOMossParkCALGARYBridgelandVANCOUVERSouthSlope 36GENWORTHCANADASPRING2015AgentsandbrokersBothdesignationsrequirespecializededucationandexaminationsinordertobecertifedagentsintherealestatemarket.Theprimarydierencebetweenthetwoisthatbrokersarerequiredtocompleteadditionalcoursesthatgrantthempermissiontoopentheirownbrokerage.Realestateagentsarethenhiredunderthemanagementoabrokerageandcannotworkindependently.Brokersareotenmoreskilledinlegalmattersbuttheirservicesandknowledgearereadilyavailabletotheiremployeesandtheycanstepinianyproblemsariseduringyourpurchasingtransaction.ChangesintherealestatemarketCanadawitnessedanincreaseinbrokersandrealestateagentsduringthe2000sthankstoaboominthehousingresalemarketresultingromstrongemploymentandrisingimmigrationrates.UnlikeindecadespastwhenitwasmorecommonoraamilytopurchaseandremaininonehouseratherthantobuyandlatersellCanadianstodayaremorelikelytoownorrentavarietyoresidencesduringtheirliespan.Likedoctorslawyersandaccountantsrealestateagentsandbrokersarenowvaluablekeyadvisorsinoneslieandworkingwithaspecializedagenttofndanidealhomeisnolongeraone-transactionrelationship.AHELPINGHANDHowarealestateagentorbrokercanbeyourstarplayerintherealestategame.Purchasingafrsthomeisnotonlyoneoliesmostexcitingmilestonesbutalsocarrieswithitahetyfnancialinvestmentthereorethedecisionaboutwhichhousetobuymustbetreatedwithtimeresearchandexpertise.Callinginproessionalhelptonavigatethesometimestrickylegalitiesandregulationsattachedtorealestateisaneasywaytosecureyourdreamhome.WhatarethekeydierencesbetweenarealestateagentandarealestatebrokerWhyaretheyavitalpartorewardinghomeownershipHerearesomeimportantpointstoconsiderwhenselectingtherightteamopeopletoensureyourfrst-timebuyingexperiencerunssmoothlyandisasuccess.COMPASSCHECKOUTGENWORTH.CA GENWORTHCANADASPRING201537TheperksofhiringaprofessionalWiththeInternetprovidingaccessibletoolsorndinganewhomeitmightappearthattheroleoabrokerorrealestateagentisredundant.Butevenwithallotheinormationyoucanndonlinehiringanagentorbrokerprovidesyouwithaninsightulexpertwhowillhelpguideyouthroughtherst-timebuyingexperience.Proessionalsareabletodetermineiahouseisrightoryourliestylehouseholdincomeandutureneedsshouldyouwanttobuyaxer-upperorincomeproperty.Anidealagentorbrokernotonlyunderstandsyourdesiresbutcanalsoraiseawarenessaboutactorsyoumightoverlook.Communityprojectsthatwillimpactyourhomesresalevaluesuchasparksandcommercialandcondominiumdevelopmentsplusschoolzonestraccongestionandcityplanningconcernsareaewissuesanagentorbrokercanfagpriortoyourpurchasinganewhome.Theycanalsopresentyouwithdetailedreportsorecentsalesmarketstatisticsandprojections.Additionallyestablishedagentshaveaccesstoapooloclientswhichwillcomeinhandyintheeventthatyouwishtosellyourproperty.HowtochooseyourteamWithanestimated100000realestateagentsoperatinginCanadaitcanbeoverwhelmingtryingtondtheonethatwillmeetyourneeds.Thereisnorulethatsaysyouarerequiredtohiretherstagentwhocomesalong.Onlineresearchtoreviewtheirsaleshistoryandreerralsarehelpulmeanstostartthesearch.Thenmeetwithagentsorbrokerstoensureboththattheyunderstandyourrequirementsandthatyouarecomortablewiththeirknowledgeandamiliarityoyouridealneighbourhoodshousingmarket.Finallyeelouttheircharacterandtrustyourinstincts.Anagentorbrokeractsasyourrepresentativewhendealingwithwould-bebuyerssoitsimportanttobecondentnotonlyintheirproessionalabilitiesbutalsointheirpersonability.Anidealagentorbrokernotonlyunderstandsyourdesiresbutcanalsoraiseawarenessaboutfactorsyoumightoverlook. PHOTOCREDIT38GENWORTHCANADASPRING2015WHATSONLINECHECKOUTGENWORTH.CATHEGENWORTHCANADAHOMEOPENERSAPPYourhometeamkeepsgettingstrongerThebrokersREALTORsandlendersthatcompriseyourhometeamtheproessionalswhohelpyoupurchaseyourfrsthomenowhaveaccesstoadynamicresourcetokeepyourultimategoalontrack.TheGenworthCanadaHomeopenersAppactsasamobilehuborvitalinormationsuchasaordabilitycalculatorsproductdescriptionstimelybusinessupdatesandotherresources.CheckitoutonyourmobiledevicerightnowGenworthmobile.caOWNSWEETHOMEthevideoseriesThisintimatebehind-the-scenes-styleonlinevideoseriesexplorestheemotionaljourneyoonecoupleastheyattempttolocateandbuytheirdreamfrsthomeintheiridealneighbourhoodandwithintheirpresetbudget.Besuretotuneintothisfve-episodeseriesandollowAdamandSarahayoungTorontocoupleonthebiggestadventureotheirlives.Youlldefnitelygetinspiredtoembarkonyourownfrst-homeadventure.Homeownership.caownsweethome PHOTOCREDITGENWORTHCANADASPRING201539SEEINGISBELIEVINGaviewtogettingyourownhomeROLLFILMBesuretocheckoutGenworthCanadasnewproductvideoseries.Frommortgage101totipsorpurchasingahomethatneedsalittleTLCtoaprogramdesignedorsel-employedborrowersthereisnowsomethingoreveryone.DiscoverjusthowGenworthsmortgageinsuranceproductscanhelpyoupurchaseyourfrsthomeevensoonerthanyoupreviouslythoughtpossible.Homeownership.caproductsBesuretovisitGenworth.caandHomeownership.caregularlytostayintheloopaboutnewproductsandoruncontestspromotionsandotheroersthatcanhelpyouonyourquesttosecureyourveryfrsthome.Besuretosign-uportheire-newslettertogetupdatessentrighttoyourinbox. 40GENWORTHCANADASPRING2015HANDYMANSSPECIALMAKETHELEAPMcGillivrayboughthisrsthomewhilestudyingcommerceusingthepartohisstudentloanhedearmarkedorrent6000ashisvepercentdownpayment.Iocusedonwhatwasgoingtoworkormenanciallyratherthanmydreamhomehesays.McGillivraylivedinthebasementwhilerentingthemainfoortoatenantthishelpedtocoverhismortgageeachmonth.TOOLBOXCHECKOUTGENWORTH.CAContractor.Realestateinvestor.TVhost.ScottMcGillivraywearsalotohats.TheToronto-basedbrainsandbrawnbehindthehitseriesIncomePropertyMcGillivrayisrenownedordiscerningahomespotentialintheblinkoaneye.WeloveeaturingCanadaswalkingtalkingencyclopediaohomeimprovementsinourmagazineheressomeothebestadvicehessharedovertheyears. GENWORTHCANADASPRING201541HAVEREALISTICEXPECTATIONSFORYOURFIRSTHOMEMostpeoplesrsthomeisnttheiroreverhome.IyouwanttobeabletoaordsomethingyouregoingtoloveintheutureyouregoingtohavetobenanciallysmartaboutyourrsthomesaysMcGillvray.Buywithinyourmeansmakeimprovementspaydownyourmortgageandsave.Iwasabletoaordaverygoodsecondhomeeightyearslaterwitha40percentdownpaymenthesays.DONTBUYAPROPERTYIFTHESEREDFLAGSCOMEUPAnythingthathasamajordiscrepancybetweenwhatthesellerhaslistedandwhattheinspectororrealestateagenttellsyouisabigredfag.Iveseenlistingsthatsayallnewwiringanditsjustnewreceptaclesandswitchesonanoldelectricalsystem.YoudbeamazedhowotenthisissomethingwendAlsoanymajorstructuralissuesthatthehomeownerisnotwillingtonegotiateonsaysMcGillivray.BUTSTICKAROUNDTONEGOTIATEOVERLESSERFAULTSAnoldroocrackedwindoworbrokengaragedoorareperectexamples.Fortheseaultssitdownandnegotiateareasonablereductioninthesellingprice.Expecttogethaloreventheentirecostorepairscovered. 42GENWORTHCANADASPRING2015DONTOVERLOOKAGREATPROPERTYDUETOMINORCOMPLAINTSCosmeticfawsarentworthstressingoversaysMcGillivray.TherearethingsnottoworryaboutthepaintcolourinthebedroomanoldtoiletToughluckthosearemoremattersotastethanmattersonegotiationhesays.Dontorgetthatputtingyourownstamponaxer-upperiswhatturnsitintoahomeTOOLBOXCHECKOUTGENWORTH.CAMAKEANENTRANCENothingenticesvisitorsmorethanathresholdthatlooksbothwarmandinviting.Provideapopocolouranddrawattentiontoyourestatebypaintingtherontdoorbrightredoranotherrichhuethatcomplementsyourhousesaade.Newhardwaresuchashandlesandadoorknockerandawall-mountedmailboxinamatteantiqueorshinynishwillspruceupyourentrywithasplashosophisticationandcharacter.Tourtheraccentuateyourdoorandcreateanotherlayerodimensioninstallsimplewoodmouldingaroundtherame.Finallyurnishyourexteriorentrywithstylesmaller-scalepatiournituresoitdoesntcrowdthespaceandapairouniormedplanterswithminiaturesprucesorseasonalblooms.PAYATTENTIONTOTHELANDSCAPEKeepingyourlawnandgreenerywellmanicuredlitsthelandscapedesignothewholehouseaswellasitssurroundings.ItsBoostYourHomesCURBAPPEALInrealestaterstimpressionscanmakeorbreakadeal.Thatswhytheappearanceoyourhomesexteriorisjustasinotmoreimportantastheinterior.Hereareveeasywaystocreatethewalk-upwowactoryourhomedeserves. GENWORTHCANADASPRING201543EXTRAHELPFORYOURHANDYMANSSPECIALShoppingoraxer-upperGenworthCanadasPurchasePlusImprovementsPPIprogramcanundthoserenovationsthatwillturnyourrsthouseintoahome.PPIisavailabletoqualiedhomebuyerspurchasingwithaslittleasvepercentdownpermittingyoutokick-startmajorimprovementsthemomentyoutakepossessionoyourproperty.Thecostoyourrenovationloanisaddedtoyourmortgagesotheresjustoneeasypaymentpermonth.PPIisavailableonavarietyoGenworth-insuredmorgagessotalkwithyourmortgagespecialistabouttheprogram.Itstheastestwaytogettohomesweethomeimportanttoalwayskeepscenerylookingcleancaredoranddesirablesomakesureyoumowthelawnprunebushesandcollectallenleavesbranchesandweeds.Foraburstobeautyplantseasonalfowersandmixaheapinglayeroreshtopsoilintoexistingfowerbedsoriyourgardenisfower-reelineyourpathwaywithpetitepotsoyouravouriteblooms.Roundupyourlandscaperevampbyintegratingeatureslikeawoodenbenchbirdbathorsmallstoneountain.ENHANCEWITHHARDSCAPINGRepairdrivewaysandwalkwaysorconsiderincorporatingthemintoyourdesigniyoudonthavethemastheyareprotablestructuralupgradesthattransormthevalueoyourhomeintothevalueoyouroverarchingproperty.Thenstrategicallyplacewelllightsandspotlightsthroughoutthelandscapingtoadddepthandinstallfoodlightsneartheentryandpathwaylightsalongthewalkwayorsaetyeectivelightingcanincreasethescopeoyourpropertywhilebeautiullyilluminatingtheaceoyourhomeatnight.CREATEDEPTHWITHAFENCEAhomeshouldbeanoasisromthehustleandbustleoeverydayliesoalittleprivacycangoalongway.Sideencingandshrubberynotonlydesignatepropertylinesbutalsoestablishaeelingoexclusivityandprivacyromborderinghomes.BonusOtenneighboursarewillingtosplitthecostonencingbetweenpropertiesmakingthisasimpleandaordablewaytobeautiyyourproperty.FOCUSONMAINTENANCEUPKEEPTomakeyourhouselookbrandnewuseapowerwashertoremoveanydirtandmildewanddontorgettopaycloseattentiontowindowsAndsinceareshcoatopaintnevergoesoutostyletreattheexterioroyourhousetoatouch-uporaninvigoratingmakeoverinadistinctlydierentshade.Thenkickupthecontrastbypaintingtheaccenttrimaroundthewindowsandrooinashadethathighlightsthearchitecturaleaturesoyourhome.ADDAFEWFINALTOUCHESQuickandeasytipstotransormyourpropertyintoprimerealestateincludechangingthebulbsinyourlandscapeandporchlightingoroptimalilluminationxingcracksandheavingonthedrivewaykeepingyourcarandgardeningtoolsinthegaragetoavoidclutterandmountinganumberplate.Finallylayingdownadoormatisawarmwaytowelcomeguestsintoyourhome.QUICKTIPDontwaittillyouresellingyourhometoboostitscurbappealspruceupyourexteriorthisspringandstartenjoyingyourhousenow. 44GENWORTHCANADASPRING2015JUANITAADENstayedbusyduringherlastvacation.ExploringBuenosAiresJuanitametlocalstookphotosandgothookedonmatthelocalteawhichisdrunkromasharedcupusingametalstraw.ButthatsnotallsheandherpartnerPaulMalysadid.Theyalsohelpeddigtrenchesmixcementbendsteelrodsbuildaoundationwallandevenpulledgrassbyhand.ForJuanitaanexecutiveassistantatGenworthCanadasOakvilleOnt.ofceitwasanunorgettablevacationandalogicalextensionohervolunteerworkwithHabitatorHumanityHalton.JuanitasjourneystartedatavolunteergalahostedbyHabitatorHumanityHaltononeandahalyearsago.WinningadrawprizeshewasgiventhechoiceojoiningaglobalbuildinPortugalorArgentina.ShepickedArgentinaaSouthAmericancountryknownoritssunnybeachesandaast-growingeconomy.SheandPaulwantedtogivebacktoHabitatorHumanitycreatingVACATIONHOMEGenworthemployeeJuanitaAdendiscoveredthetruemeaningohomeinArgentinaCOMMUNITYCHECKOUTGENWORTH.CA GENWORTHCANADASPRING201545awarenessotheorganizationbyundraisingorPaultojoinher.ThiswasourrstglobalbuildandwewerereadytogiveandsharewhatwecouldoertheteamsaysJuanita.ArrivinginLaMatanzaa45-minutedriveromBuenosAireslastOctoberJuanitanotedLivingconditionsweresubstandardandgarbagewasonthestreets.Dogshorsesandsheepwereroamingthestreetsandsomechildrenworeshoesandsomebareeet.JuanitaandPaulwouldbejoiningaHabitatorHumanityArgentinateamdedicatedtohelpingalocalnamedEmiliobuildahouse.Emiliohadlivedor20yearsinamakeshitshelterbuiltromaluminumsheetingandlumber.ButevenwithitsmudfoorandlackorunningwateritwasaplacehecalledhomesaysJuanita.InactassheandothervolunteersdispersedreliebagstolocalamiliesaectedbyafoodwhatstruckherwastheresilienceanddignityoLaMatanzasresidents.Thelivingconditionstheywerelivinginwerehardorustounderstand.Butwenoticedthebeautiulsmilesothechildrenandallthepeople.Thepridetosaytheyareamily.Theprideolovetheyhaveoroneanother.Theprideohome.WerealizedthepoweroamilyandhowstrongitisnomatterwhatliehasdealtyousaysJuanita.JuanitawasalsoimpressedbyHabitatorHumanityArgentinascommitmentnotonlytohelpingbuildhomesbutalsotohelpingcommunities.TheirsloganisMuchmorethanhousesshesays.ItsacommitmentsharedbytheinternationalHabitatorHumanitymovementwhichiswhyGenworthCanadaisaproudsupporteroHabitatorHumanityCanada.Since2000Genworthdonated2.8milliontoHabitatorHumanityCanadasThePathtoHomeprojectsupportinghomebuildinggrantsincommunitiesacrossCanada.ManyGenworthemployeessitonlocalHabitatorHumanityboardsandparticipateinbuildsacrossCanadaandglobally.AlthoughtheirtripwasabouthelpingothersJuanitaandPaulhadtimetoexploretheirhostcountry.Wehadatranslatorwithusthewholetimeduringthedayandeveningordinnersandlocaltours.WelearnedalotaboutthecultureoArgentinasheexplains.JuanitaandPaulhopetojoinanotherglobalbuildin2016.WecantchangetheworldovernightsaysJuanitabutlittle-by-littleorinSpanishpocoapocowecanallmakeadierence. 46GENWORTHCANADASPRING2015PHOTOCREDITLEARNINGCHECKOUTGENWORTH.CAFIRST-TIMERTIPSBuyingyourfrsthomeHeresadviceromtheGenworthCanadassocialmediacommunity.WecrowdsourcedFacebookorthetop10tipsinunder10wordsorless.FollowusonFacebookatGenworthsmartshopper.caTHEBUZZCHECKOUTGENWORTH.CADonteelrushedalwaysnewlistingstomorrow.NavinR.Knowtheamountyoucanaordtospend.GeorgeM.TakeyourtimedontberushedintoadecisionGarnetL.Dontbuyafxerupperiyouarenothandy.RoxaneC.Researchthearea.ReallyknowwhatthecommunitycanoerLauraH.GetahomeinspectionDebbieB.UseaMortgageBrokerandgetpre-approved.JanetM.Buylowerthanyouareapprovedormakelargerpayments.MelodyC.TakeadvantageotheHomeBuyersPlan.JulieM.Checkdrivetimedistancestoavoriteworkorplayplaces.MarkGB. GenworthCanadawantstoreducethestressofmovingonyouandtheEarth.ThatswhywevepartneredwithFROGBOXtomakeyourmoveeasy.OrderonlineatFROGBOX.comGenworthGenworthCustomersGet15OffGenworthCustomersGet15OffYoullneedboxesMovingorcallusat1-877-FROGBOX1-877-376-4269