Buying a house or condo will be one of the biggest decisions you will ever have to make. This decision should not be taken lightly. There is a lot to consider like, can you afford to pay a mortgage? Are you ready for the responsibility of taking care of a home and all that comes with it?
The main plus of buying a home or condo is, as I have said in previous blogs, a great investment. Real estate has always been considered a sure thing. Remember in the movie Gone With The Wind, nothing mattered but Tara, land endures. But, you have to be able to afford your “land”. Thank goodness our Canadian banks make sure that your finances will or will not allow you to buy a new home. This is for your protection. It would be awful if you spent your lifes savings to buy a new house, and then could not afford to pay the mortgage. That is what happened in the USA. Many houses were reposessed by the banks or mortgage lenders.
I am not trying to sound negative, because I truly believe in buying real estate. I am posting this link to help you make that all important decision. I hope it helps you.