A couple days ago I came across an alarming statistic:
70% of Canadians between 18 and 29 indicate a “major need” for more information about financial implications of buying a home.
(Source: The Canadian Real Estate Association)
If you fall within this age range do you feel insecure about your personal knowledge of the financial implications of homeownership? One of the best resources I can recommend for first time buyers is the Homebuyers’ Road Map published by The Canadian Real Estate Association.
How to assess your financial readiness
What lenders require, getting preapproved as a first time buyer and learning your credit rating.