Buying a house in Canada will likely be one of the biggest financial decisions of your life. Home ownership can help secure your financial future; and that is why you need to make wise decisions for today, and for the long term. In this article we point out some common and costly mistakes first-time home buyers make. We also offer some home buying tips and show you why signing a mortgage can be the best time to look at term life insurance. Thinking ahead is the key. The dream of moving into your very own home, a place where you will raise your family and make memories, is an appealing plan. Buying a new home can be emotional and when you find a place with ‘curb appeal’ that ‘shows well’ it is completely natural to want to jump in with both feet. But quick decisions can often lead to mistakes. Here are some of the most common mistakes made by first-time Canadian home buyers: Not having a financial plan for what you want, need, and can afford in a new home. Taking a full and honest ...