June North Okanagan Real Estate Report 2024
Learn More
Do you want content like this delivered to your inbox?

3 Steps to Launch the Homebuying Process

1. Get your financial ducks in a row.

Calculate how much money you have in savings and assets, your total annual income, your debts and other expenses. Determine how much money you can allocate toward a down payment, closing costs and expenses. Check your credit report and correct any errors. If your credit score is lower than you’d like it to be, consult with a financial adviser about how to improve that number. 

2. Determine how much house you can afford.

As a general rule of thumb, Canada Mortgage and Housing Corporation recommends that your housing costs (mortgage and other home-related expenses) should be at or under 35 per cent of your monthly household income. Get a mortgage pre-approval to determine exactly how much mortgage you’ll qualify for, and to lock in your interest rate for up to 120 days.

Need a Lender - we can hook you up with some wonderful options!

3. Shop!

It’s important that you keep an open mind and look at a wide range of properties. Go to open houses. Cruise the Internet. Peruse different neighbourhoods. As a real estate agents, we can help by finding properties that match as many of your “wants” and “needs” as possible. When you fall in love with a property and are ready to make it official, we can help you navigate the process, from making an offer to closing the deal.

For more advice on how to prepare to buy a home, contact us today! We can help you through every step of the process.

Considering a Move?

Let's talk more about what you are looking to do!

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info

Terms of Use

This website is operated by Chris Holm Associates/Chris Holm, REALTOR®, a Salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Chris Holm Associates/Chris Holm, REALTOR®, and CREA.


The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.


REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer

The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.


Chris Holm Associates/Chris Holm, REALTOR® may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.