Steps to Purchasing

Buying a house isn't something we do often, so very few of us are experts. For a first time homebuyer, the process can seem overwhelming.

The Canada Mortgage and Housing Corporation (or CMHC) has designed a 10 step process for those considering purchasing a home, and will guide you through topics such as:

  • Is homeownership right for you at this time in your life?
  • Are you in a financial position to own a home?
  • How much does it cost to buy a house?
  • What are your housing needs? What are your housing wants?
  • What professional service will be needed to buy a house?
  • How to find the right home.
  • Making an offer.
  • Closing.
  • Responsibilities of home owners.
  • Maintenance and repairs.

    • Visit www.cmhc-schl.gc.ca for the complete article.

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