I need advice on the purchase of a house

[Nikose Tyris]

Hey everybody! I'm in Toronto, and I'm getting a LOT more familiar with the finer details of money and mortgages, and I've been informed I am expected to get a house.

Which, yeah, if you can afford it, better then renting where you're flushing your money every month. :/

SO I've found a place. 3 houses on this crescent are listed for sale through this company, and this one's the nicest- although two more are listed through a different company.

http://maps.google.ca/maps?q=18+MASS...,0.010568&z=17

http://www.mls.ca/PropertyDetails.as...ey=-2106592530

I have some very specific questions for those inclined:

-What, exactly, is Central Air Conditioning? I've heard the term, and I've seen a number of 'example' air conditioners and I'm just not able to piece it together mentally. Is it just an AC unit that's permanently built into the house or something?

- Heating: Forced Air, Natural Gas. What the hell? I don't know what this is [The forced air part]. Can someone familiar with it get me an easy to understand explaination? Is it cheaper then electric heat?

- Hydro costs. Electricity is cheaper at different times in the day- midnight to 5 AM being the cheapest power times. I think it's called Metered running? Anyway, we're 7+ People [One I will be sleeping with] going to live in this house, and all of us are addicted to our computers. O_o anyone wanna take a stab in the dark at Hydro costs? All but one of us will spend most of the day at school.

I think those are my 3 biggest concerns at the moment, and I wanted to bring them to you all.


Edit: Oh yeah and I'm like 99% sure it's not a crack house despite being a really good price [all the houses on this street are]. I'll be investing in Bars for windows because frankly that's just good sense inside a big city with a high crime rate.