From Renter to Homeowner: Comprehensive Strategies to Building Your Down Payment

From Renter to Homeowner: Comprehensive Strategies for Building Your Down Payment.

Join us and Kenneth Tung, on Wednesday, March 5, 2025, Uptown (for the first time!) in Markham!

Taking the leap from renting to owning your first home may feel daunting, but with the right approach, it’s entirely achievable. While different from our traditional investment-focussed meetup, this month’s meetup provides an in-depth, step-by-step walkthrough of what it takes to secure your down payment and set the stage for your first successful home purchase. We’ll guide you through the financial tools, available incentives, and practical saving methods that can make homeownership a reality sooner than you think.

Our guest speaker is Kenneth Tung, a financial planner who works with aspiring first-time home buyers who are working toward saving for the downpayment of their first home or condo. Using his methodology, many of his clients have been able to turn their fantasy of home ownership into reality.

But we are Volition… as a premier Real Estate Investment Advisory & Realty Firm in Toronto, we do things differently and think about things differently than “Regular Realtors” out there. Our Investor Realtor-lens allows us to provide different perspectives on WHAT you should be buying out there, to maximize the success of your first home purchase. Let’s be real: your primary residence is a luxury item. Working with Volition as your Realtor means that you’ll get advice on how to turn that (relatively speaking) “unproductive” asset into a “productive” asset.

What We’ll Cover:

• Financial Planning: Assess your current financial situation to determine how much you can save each month and how to allocate those savings effectively, and what the “gap” between where you are now, and where you need to be.
• Investment & Growth Opportunities: Discover simple, low-risk ways to maximize the returns on your savings, getting to your desired downpayment faster.
• Government Programs & Incentives: Gain a clear understanding of Canadian first-time homebuyer benefits—such as TFSA and RRSP strategies—and how to use them to boost your savings.
• Avoiding Common Mistakes: Understand the most frequent errors first-time buyers make—like relying solely on bank savings accounts—and how to sidestep these pitfalls.
• Collaborating with Experts: See how a financial planner like Kenneth can work with a Realtor Team like Volition to not only help you streamline the home buying process, but also help you think outside the box and consider real estate investment opportunities that can generate an income stream like house-hacking or a secondary suite, and also help outline the pros and cons of various asset types; for example, condo vs. house.

Who Should Attend:

• Fresh out of school?
• Been working for a few years, have some savings, but just aren’t quite at the level of downpayment you need?
• Have enough for a condo downpayment, but maybe are thinking about taking advantage of the current real estate climate to jump into a house instead… but just don’t know if that’s a good idea or not?

This event is tailored for aspiring homeowners who want a comprehensive, actionable roadmap for saving a down payment for their first home. If you’re serious about taking that next step toward homeownership but need clarity, tools, and practical strategies, this meetup is for you.

Why You Should Join Us:
You’ll leave this session with a detailed understanding of the financial journey ahead, actionable tips to start saving immediately, and the confidence to move closer to your goal of owning your first home. This isn’t just a high-level overview—it’s a deep dive into the exact steps you need to take to make your dream a reality.
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Schedule:
Wednesday, March. 05, 6:00 pm - 9:00 pm

• 6:00 pm - 6:30 pm: Check-in and Networking (remember that your network is your net worth!)
• 6:30 pm - 9:00 pm: Presentations from the Volition team and guest speakers

Location:
7181 Woodbine Ave, Suite 106, Markham.

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