Navigating Your Financial Path: Insights from Josh Perez

Josh Perez • March 19, 2024

Let's talk about alternatives – because life is all about comparing them, isn't it?



Step one: ask yourself, "Is this important to me?" Whether it's a nagging feeling that you want more out of life or a burning desire to achieve your dreams, it all starts with recognizing your aspirations. From there, it's about figuring out what steps you need to take to turn those dreams into reality.

"Success doesn't always come from a stroke of luck or an inheritance. It comes from hard work, determination, and a willingness to take calculated risks."

Money, time, skills, and your support team – they're all part of the equation. Sometimes, it feels like capital, or money, is the biggest obstacle standing in your way. But here's the thing – there are ways to overcome that hurdle.


If you own a home, have you considered ways to increase its value? Small improvements can make a big difference. And what about your expenses? Are there areas where you can cut back and save? Maybe it's time to reassess your living situation – whether that means downsizing, renting instead of buying, or even considering a move to a different market.


The truth is, building wealth isn't easy. But it is possible. I've had the privilege of working with clients and entrepreneurs from all walks of life, and I've seen firsthand that success doesn't always come from a stroke of luck or an inheritance. It comes from hard work, determination, and a willingness to take calculated risks.

Sure, real estate has been a tried-and-true path to wealth for many, but it's not the only route. The key is to prioritize your goals and align your daily habits with your long-term aspirations.


So, whether you're dreaming of financial freedom or striving to achieve a specific milestone, remember this – it all starts with a choice. Choose to prioritize your goals, take intentional action, and stay committed to your journey.



Here's to navigating your financial path with purpose and determination.


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Deposit vs. Down Payment: Key Differences for Homebuyers

By Josh Perez • February 18, 2026
When you’re buying a home, two terms often cause confusion: deposit and down payment . While they’re related, they serve very different purposes in the homebuying process. Here’s what you need to know. What Is a Deposit? A deposit is the money you provide when you make an offer on a property. Think of it as a show of good faith that proves you’re serious about purchasing. How it works : Typically, you provide a certified cheque or bank draft that your real estate brokerage holds in trust. If your offer is accepted, the deposit remains in trust until the deal moves forward. If negotiations fall through, the deposit is refunded. Connection to your down payment : Once the sale is finalized, your deposit becomes part of your total down payment. Why it matters : The amount is negotiable, but a larger deposit can make your offer more attractive in a competitive market. Keep in mind, however, that if you back out after conditions are removed, you risk losing your deposit. What Is a Down Payment? Your down payment is the amount you contribute toward the purchase price of your home when securing a mortgage. Minimum requirement : In Canada, the minimum down payment is 5% of the home’s purchase price. Anything less than 20% requires mortgage default insurance. Sources : Down payments can come from your savings, the sale of another property, RRSP withdrawals (through the Home Buyers’ Plan), a gift from family, or even borrowed funds. Example: How They Work Together Imagine you’re buying a $400,000 home with a 10% down payment ($40,000). When you make your offer, you provide a $10,000 deposit . Once conditions are met, that deposit is transferred to your lawyer’s trust account. At closing, you add the remaining $30,000 to complete your full down payment. The lender provides the rest—$360,000—through your mortgage. The Bottom Line Your deposit shows commitment and secures your offer, while your down payment is what makes the mortgage possible. Together, they work hand in hand to get you into your new home. 📞 If you’d like clarity on deposits, down payments, or any other part of the mortgage process, let’s connect. I’d be happy to walk you through it step by step.
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Is a 5% Down Payment a Mistake? Here’s the Unpopular Truth.

By Josh Perez • February 15, 2026
Discover why a 5% down payment isn’t always irresponsible. Learn when a low down payment is a smart financial move for Ontario homebuyers and when it’s a risk.