But first-time buyers aren't as adamant about living in a quiet neighborhood -- only 30% say that's a big priority, compared with 43% of other homebuyers. Nor are they really interested in having "good neighbors" -- only 21% of first-time buyers say that's a big deal, compared with 30% of other homeowners. In general Canadians want location, the survey says. But they also want:
- A safe neighborhood -- 63%
- Living on a quiet street -- 43%
- Having "good neighbors" -- 30%
- A short commute to work -- 28%
- Being near family and friends -- 25%
"Getting pre-approved financing, choosing a fixed rate and stress-testing mortgage payments in advance of buying a home can provide peace of mind and help homebuyers become mortgage-free sooner," she adds. If you have your financial ducks in a row and know exactly what you want in a new home, your chances of homeownership are greatly enhanced.