Buying a Home
Buying a home is one of the biggest decisions you’ll make. Whether it’s your first home, your next home, a refinance on your existing home, or your dream home, it’s important to make sure you stick to your plan and make the right choice.
A lot goes into buying a home. It’s a decision that will impact your life for years to come and determining when you’re ready to take that step isn’t always easy. If you don’t properly take into account all your life circumstances, you could end up jeopardizing your other goals.
We’ll take a comprehensive look at your overall financial situation to help you determine what you can afford and when. We’ll develop a savings plan to get you to your goal and make sure you don’t need to compromise in other areas.
Are you a first-time home buyer?
If you’re a first-time home buyer (or haven’t lived in a home that you owned in recent years), you may be allowed to withdraw funds from your RRSPs (registered retirement savings plan) and/or set up a First Home Savings Account (FHSA) to save for a down payment on a home. For more details about the Government of Canada’s Home Buyer’s Plan and the FHSA, click the links below or contact us.
Home Buying Calculators
Mortgage Qualifier Tool
Find out how much of a mortgage you qualify for.
Mortgage Calculator
Find out how much your mortgage payment is.
CMHC insurance calculator
If you are buying a home with less than a 20% down payment, the Canada Mortgage and Housing Corporation requires the purchase of mortgage default insurance. This calculator helps you to determine what the extra cost will be.
Resources for Buying a Home
Canada Mortgage and Housing Corporation (CMHC) Website
Canada’s national housing agency.
First Home Savings Account
Information on the brand new FHSA released April 2023.
Homebuyer Incentives and Rebates
Information on financial incentives offered by the Government of Canada.
Home Buyers’ Plan
Information on the Government of Canada’s Home Buyers’ Plan for first-time home buyers.
Homebuying Step-by-Step
Everything you need to buy a home in Canada.
Homebuying Step-by-Step Guide (PDF)
A homebuying guide for first time buyers and anyone house hunting again.
Homebuying Step-by-Step Workbook & Checklists (PDF)
Worksheets, checklists, and calculators for each step in the homebuying process.
The Housing Observer
Timely updates on Canada's housing conditions and trends.
Renting Guide
Everything you need to know from property searches to lease signing.
Real Estate
Resources and information from the Ontario Securities Commission on real estate.