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Getting Started

Your home is the single most important purchase that
you will make. It will affect your family, your finances, and your
lifestyle. Whether this is your first purchase or you’re an
experienced buyer, this decision must be made carefully.

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Next: Deciding to Buy

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Buying Your First Home?

There are special programs that may apply to you, and you may like a little more detail on what you should be doing for preparation! To view our 'Advice for First Time Home Buyers' page:

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Are You Ready to Buy?

Property ownership is an excellent investment whether you’re looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment — as long as you’re financially ready

The Canadian Mortgage & Housing Corporation (CMHC) recommends some things that you should consider when deciding to buy:

  • Financial Security: Your home can provide you with financial security due to capital appreciation— as the value of your home increases over time, so does your equity.
  • Stability: Having a place you can call your own.
  • Financial Stress: Added financial responsibilities such as: coming up with the down payment, making regular mortgage payments and ongoing costs associated with home ownership can tie up a lot of you cash and put stress on your finances.
  • Maintenance: Keeping your home in good shape requires time and money.
  • Responsibility: You alone are responsible for payments, repairs, and maintenance.
  • Flexibility: You can decorate or renovate your home to meet your family’s needs and personal tastes.

Would you like more detailed and personalized information about buying, including a read of our VIP Buyer Information Guide? Contact the Peggy Hill Team for a free buyer consultation: