Back in August 2012, Vancouver placed as the world’s third most liveable city, according to the Economic Intelligence Unit’s livability rankings. This means that the city scores high in terms of employment stability, health care, and infrastructure—factors that typically attract home buyers to relocate to this great city. If this case describes you best, you must of course assess your housing options carefully.
Look online, and you’ll find numerous sites that all say buying a home for the first time is similar to buying your first car. This is, of course, only partly true because there is a huge difference with regard to the consequences for failure to meet home mortgage versus car loan payments. If you’re unable to repay your your car loan, you’ll have to give up your car and be forced to take public transit; if you fail to post your monthly home mortgage payments on time, however, you’ll face a far worse fate: foreclosure.
It’s easy to get excited about buying your first home and in the process overlook your financial capabilities. Yet with the help of an expert, you can acquire a decent and affordable property that won’t have you taking on a second or a third job simply to keep up with your financial obligations. A good realtor, in particular, can show you a listing of available properties in ideal locations that offer good value for your hard-earned money.