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Everything you need to know about buying your first home
Rounding it up
The first step in buying a home is deciding whether you even want to purchase a home. Ownership comes with increased costs that are important to consider.
If you’ve decided home ownership is for you, prepare your finances. Save for a down payment, get a pre-approved mortgage, and budget accordingly.
Then, it’s time to find your home; work with a realtor to navigate the housing market and submit an offer.
Once your offer has been accepted, it’s time to close the deal. Confirm your financing, book a house inspector, and hire a real estate lawyer to get your new keys.
Barry Choi
Barry Choi is a personal finance expert based in Toronto who makes frequent media appearances. His website Money We Have is one of Canada's most trusted sources for all things related to money and travel.
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