Canada Mortgage and Housing Corporation (CMHC) is an excellent resource whether you're a first-time buyer or moving up to a new home. We recommend looking through their Homebuying Step by Step guide.
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What can you afford?
Peace of mind starts with knowing that you can cover your mortgage payments along with your other current and future commitments. Look at your current income and expenses and what you have available for a down payment to figure out the size of mortgage you can afford. Remember to leave room for changes in interest rates and unexpected expenses.
Calculators:
