Buying a first home is an exciting and rewarding experience, yet it can be a very challenging one as well. It is especially important for newcomers to Canada and first-time homebuyers in general to research and consider all the options

Buying a condominium often appeals to first-time buyers because of the, usually, lower entry price. But in some ways it can be a more complicated purchase.

Like any life decision or major purchase, buying your first home requires careful thought, planning and preparation. But not everyone takes the time and does the necessary research. Following is a list of some of the common mistakes first-time buyers make, compiled from a variety of sources, and suggestions on how to avoid them.

The homebuying process is full of challenges and the best way to deal with them is to be prepared.

A home inspection can do more than just satisfy curiosity - it's an opportunity to learn as much as possible about your prospective purchase and its hidden potential... or pitfalls

You want to own your own home, you think you've saved enough money and you've watched the market shift in favour of you - the buyer. Now is the time to buy, right? First, you must make sure you really are ready - financially - to take the plunge into homeownership. Christine Otsuka reports

Location, location, location may be the most common rule of thumb when it comes to buying your first home, but there are other important considerations to keep in mind to help you make an informed decision

David Chilton advised millions of Canadians to 'pay themselves first' in his best seller, The Wealthy Barber, in 1989.