Welcome to Canada

Owning a home is an important goal for most Canadian families, and a valuable investment in their future financial security. For newcomers to the country, it's also an important step in becoming established here.

But with home prices typically several times higher than a person's annual salary, few people have the cash to purchase a home outright. To buy your home, you'll probably need a mortgage - a long-term loan that uses the home itself as security.

According to government statistics, 34% of all Canadian families currently have a mortgage (Statistics Canada December 2006) and almost all first-time home buyers will need a mortgage to make their purchase.

From where to start? To know more about mortgage and financing first time buyers can conact me.

To know more mortageg terms please visit: http://www.greatgtahomes.com/mortgageterms