If you don't figure out just what you want, you might just buy the wrong house. Your first step is to decide where you want to live and what you're looking for in a home.
Does it have the proximity to your job? Especially now, with the cost of transportation so high, it might make more sense to look for a house close to your place of business.
You also have to look at the cost of owning a home - again, with fuel costs high, how much will heating it run you? If it has a large piece of property, keeping it up costs either time (if you do it) or money (if others do). Can you afford the taxes? (They will only go up.)
What kind of a house will met your needs not only now, but in the future?
You should sit down and write a list of what you're looking for in a home, and really do your homework. Even a house that seems like a bargain may not be one if it doesn't meet your needs.
Canada Mortgage and Housing Corporation has a very helpful discussion of needs to consider at:
Adapted from Newsday. com and CMHC