Home Buyers
Craig Wong, The Canadian Press
Published online CTV News Monday, April 3, 2017 6:30AM EDT

OTTAWA — Whether it’s the sizzling real estate market or the desire for something just a little bit nicer, the temptation to stretch your homebuying budget may be tough to resist.

But there are numerous factors to take into account before making the biggest purchase of your life, even if you’ve qualified with your lender for more.

John DeRose, who oversees Vancity’s mobile mortgage specialists, says people paying $1,500 a month in rent can’t necessarily afford a monthly mortgage of $1,500.

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