Buying a Vancouver home

Are You Ready For Home Ownership?

Owning a home may be your dream, but in order for the purchase your Vancouver home to be happy and satisfying
experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities
that come with it.

Questions for Prospective Homeowners

1. Are you ready to buy? 
Buying a home in Vancouver is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance.2. How much can you afford?

It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make homeownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.


3. What is your debt-to-income ratio?
This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%, depending on where you want to live.

In rural or downtrodden areas, for example, it can buy a very comfortable residence and ample acreage. In highly sought-after urban areas, however, it may not even buy a 400 square foot bachelor suite.


4. What do you want?
Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obey rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is 'just so'? The answers to these questions can help you narrow down the search for the right type of property for you.


Buying a home can be an overwhelming process. Having a realtor to guide you and act in your best interest can make the process easier and more pleasurable for you! Your agent will act to your benefit, looking for properties in your budget and that attend your necessities.

Call Our Vancouver Realtors are dedicated to helping you find the right home, at the best price. We at Century 21 Vancouver have the goal the act in your favor and help you throughout the whole process of buying a new home. Click here and choose your Century 21 Vancouver Agent