Transcript: Scott on: First-time home buying — key considerations

[Music plays in the background.]

[Expert advice with Scott McGillivray. Scott on: First-time home buying — key considerations.]

[Scott McGillivray is in a house with a view of the outside in the background.]

Scott McGillivray: Home ownership is a rewarding experience. But if you’re just getting into real estate, you need to consider all the financial obligations that come with it. That’s not just about your mortgage and your down payment. There’s closing costs as well. And then there’s taxes, insurance and any renovations that need to be done. And you need to consider all of these into your plan to make sure you have a successful experience.

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[Graphic of a house rotates and changes into the CIBC logo.]