T: 306-694-8082
E: landmart@sasktel.net
A: 605A Main Street N
     Moose Jaw, SK

First Time Buyers

The owning advantage (and some added incentive)

Two out of three Canadian families own a house – that's one of the highest rates of home ownership in the world. And for good reason.

Real estate is a great investment. And with increasing housing prices, it's all the more important for first-time buyers to get a foot on the first rung of the property ladder.

Financial advantage of home ownership

- Homeownership is the single largest source of savings for Canadian households.
- Homeowners can use the equity in their homes as security for other loans.

How much can I afford?




To calculate your TDS:

1. Multiply your monthly gross (before tax) income by the maximum TDS ratio of 40%.
2. Subtract your regular monthly costs (e.g. credit cards, car payments, personal loans).

The figure you are left with represents the maximum amount available for your mortgage payment, property taxes and 50% of condo fees (if applicable).