Reader Question: How Much Money Do I Need To Buy My First Home?
Prairie Eco-Thrifter
JUNE 20, 2012
The TD Canada Trust recommends two calculations that can help you to assess exactly what you can afford to buy: The Gross Debt Service (GDS) ratio – This approach looks at the cost of your house purchases, including mortgage payments, taxes and heating costs. What if this is just too steep to be achievable for you?
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