Expenses when buying a home
So many Canadians are taking advantage of the low interest rates right now and are purchasing a home. An interest rate under two percent for a five year closed mortgage makes it pretty affordable for first time home buyers. Shawn Ormston the founder of Great Rate Realty in Lethbridge says if you are thinking of buying a home for the first time you have to keep in mind that there are other expenses outside of the down payment.