Resources for First-Time Home Buyers
Purchasing a home is one of the largest and most important purchases someone can make. As a result, buying a home is rarely a smooth, stress-free experience — especially for first-time home buyers.
Today, first-time home buyers are trapped. They want to get out of the rental market and into their first home; however, they are confined to the rental cycle trying to save for an increasingly more expensive down payment, while at the same time, paying their monthly rent. According to the Canadian Mortgage and Housing Corporation, for first-time home buyers, price/affordability is the most important factor considered when buying a home and they are only purchasing a home when they feel financially ready. Subsequently, first-time home buyers feel concerns and uncertainty when purchasing their home due to housing prices continuing to rise and wages remaining relatively stagnant.
RAHB has created resources for first-time home buyer’s to help alleviate the stress associated with purchasing a home for the first-time; however, the best way to help make the experience stress free is to use a local REALTOR® because they know the communities, the trends, and have access to helpful tools to make a home buying experience seamless!
Please click the buttons below to access resources related to first-time home buyers: