Buying your first home in Canada can be both exciting and overwhelming. Key tips for first-time buyers include saving strategically for a down payment, understanding what you can afford to borrow, and improving your credit score. It's essential to calculate your debt service ratios and prepare for the mortgage stress test. Comparing mortgage options and getting pre-approved can help streamline the process. Additionally, consider government assistance programs, choose the right home type and location, arrange a home inspection, and secure home insurance before closing.
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