Are you sure you’re ready for this? The timing and circumstances have to be right for you. So read widely and think it over. Get out your pencil and calculator because the answer is in the numbers.

 The best and most complete resource for anyone contemplating buying their first home is the home ownership section on Canada Mortgage and Housing website. It contains a step-by-step approach to making the decision and determining if it is right for you. Its interactive worksheets will allow you plug in all your financial information to determine whether home ownership is within your grasp, or could be soon.





  Genworth Financial, a mortgage insurance company, also has an excellent site to inform people contemplating their first-home purchase. Genworth is the only Canadian company, in addition to Canada Mortgage and Housing, which provides mortgage insurance for high-ratio mortgages. If your down payment is less than 20 per cent, mortgage insurance is mandatory.