Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

November 16, 2011 10:22 ET

Buying a Home? CMHC Offers Range of Tips and Resources

OTTAWA, ONTARIO--(Marketwire - Nov. 16, 2011) - Buying a home is one of the biggest financial decisions you will make. Canada Mortgage and Housing Corporation (CMHC) offers a variety of publications, calculators and tools to help you make informed and responsible homebuying decisions.

To assist you in making choices you can be comfortable with into the future, publications like Homebuying Step-by-Step and the Condominium Buyers' Guide show how to evaluate your housing options and meet your unique housing needs.

CMHC also offers resources designed specifically for recent immigrants to Canada in eight different languages. Buying Your First Home in Canada includes a variety of relevant and appropriate tools, products and resources to make finding safe and affordable housing easier.

In addition to guides, CMHC has also developed a series of online calculators that allow homebuyers to evaluate and test their financial readiness as they pursue their housing goals. The recently launched Premium Calculator joins the Mortgage Payment Calculator, the Mortgage Affordability Calculator and the Household Budget Calculator as easy to use online resources.

CMHC also provides other useful tips for planning and managing your mortgage. These tips range from saving money on your mortgage, to protecting yourself from becoming a victim of mortgage fraud, to understanding your credit report, to preparing for a meeting with your mortgage professional.

Taking the time to plan and determine what you need and how much you can afford can make the overall homebuying experience less stressful and the outcome more satisfying. CMHC's range of resources are available to support you throughout all stages of the homebuying process.

For more than 65 years, CMHC has shared a wealth of knowledge and housing expertise, as well as useful tools and guidance, to help Canadians enjoy an informed and assured homebuying and homeownership experience. To consult or download copies of CMHC's resources for buying a home visit

November is the first ever Financial Literacy Month. This is the second article in a series of four focusing on creating awareness of the various tools and resources that are available to help Canadians make informed and responsible homebuying decisions.

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