Home Ownership - A Part Of Life In Canada

About two-thirds of British Columbians own their own homes and every year thousands more buy a home for the first time.  It's a similar story across Canada.  Home ownership is an essential part of life.

Calculate a Workable Home-Buying Budget

If you are thinking of buying a home, don't start shopping until you know exactly how much you can afford.  You can find your price range by calculating three amounts:

• the amount of cash you can put toward the purchase - known as the down-payment
• the maximum amount of a loan you can comfortably pay back - known as a mortgage
• and the costs associated with actually completing a purchase - known as the closing costs

Learn more about

• Down Payment
• Mortgages
• Closing Costs

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