Buying a Home
Before you start shopping for a new home, it's a good idea to know exactly how much home you can afford. Although it's fun to dream about homes that are out of your reach, it's also important to focus on your realistic home ownership needs. This involves taking a number of factors into consideration including the amount of your down payment, your annual household income, your current debts and interest rates.
- Knowing How Much You Can Afford
- Choosing the Right Home
- Choosing the Right Neighbourhood
- The Cost of Home Ownership
* Interest is calculated semi-annually, not in advance. Assumes no change in rate and no fees apply. "Big Banks" refers to Bank of Montreal, CIBC, TD Canada Trust, RBC Royal Bank and Scotiabank.
