Buying a first home is one of the major steps you will make in life and most people will choose to purchase their first home as soon as they qualify for a mortgage. The real estate market in Canada hasn’t been significantly stirred by the repercussions of the blowing of the housing bubble on the U.S. market and, with the promise of rates staying relatively low at least over the first half of 2010, it seems Canada won’t be experiencing a housing bubble of its own.
Caution is advised, however, and here are a few tips that will help you in choosing both your first home and the right mortgage terms. Once you begin scouting homes and are ready to make a purchase, one of our CMI accredited mortgage brokers will assist you in choosing which terms and conditions are best for you and help you in obtaining all the necessary paperwork.
