Tips For Canadian First-Time Home Buyers

Since 2008 the Canadian Finance Ministry has tightened up the rules for government-backed mortgages 4 times. The most recent change in July 2012 hurt Canadian first-time home buyers the most because it made it harder to qualify for financing. Use a financial institution’s website to budget so that you can factor in home buying costs to see how long it will take to save for your first house.

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