First Time Home Buyer Mortgage
Goal of buying your first home? Lets make it happen! I want to be a part of your journey
Excited for your first home? Let’s get started.
It's always great to get prepared early, even if you're not ready for another year. Buying a home is an exciting journey, let us help you get started and guide you along the way!
Budgeting Basics
Understanding the true cost of homeownership helps ensure your mortgage fits comfortably within your lifestyle.
Ongoing Home Ownership Costs
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Insurance
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Maintenance
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Property tax
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Utilities
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Condo fees
Upfront Purchase Costs
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Lawyer
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Inspection
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Appraisal (may be required)
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Moving costs
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Property taxes
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Insurance
Feel free to check out our purchase calculator
Once you’ve determined your mortgage budget, you’ll be better prepared for the pre‑approval stage.
Ready to start actively searching for your home? Its best to get a pre-approval. This is a detailed review of your application.
Process includes reviewing income, credit, debts, down payment and more.
Knowing the purchase price will simplify the house hunting journey. This helps narrow down the options for the home that suites your interest. If there are multiple offers on a home, this helps your offer stand out as a prepared buyer. Afterall, sellers like prepared buyers because it shows that they have a higher chance of being able to complete the purchase.
There will also be options to secure a pre-approval rate hold in case rate market increases.
Pre‑Qualification
Not quite ready to get pre-approved?
Lets do a pre-qualification! It's simple! Pre-qualify in minutes!
Checkout the free pre-qualification calculator!
NO documents, NO credit check. When you're ready, let us know
Purchasing Your Home
Let us guide you through the process. From reviewing mortgage qualification to mortgage approval.
Time frame for home purchase from application submission to possession is approximately 3 - 4 weeks.
We will go over documents required during pre-approval stage, once you've found a home, we will review the current best mortgage options.
When the mortgage approval has been completed, your lawyer will take care of the rest!
Lowest Rate Mortgages
Lowest rates may not always be the best options. Different lenders have different mortgage products. Lowest rate products may have restrictions or higher penalty calculations, therefore borrowers may sometimes end up paying more. It is best to understand the product before selecting a mortgage option.
With access to 50+ lenders, we are here to help you find the mortgage product that best suites your needs with the best rates!
First Time Home Buyer Programs
Allows you to borrow funds from your retirement savings towards the down payment. Withdrawal limit is $60,000. You have up to 15 years to repay the funds back to your RRSP account. further details here.
lets you save in a tax free way and withdraw funds for your first home purchase. Annual contribution limit is $8,000. Lifetime contribution limit is $40,000. further details here.
claim up to $10,000 when purchasing a qualifying home for a non-refundable tax credit of $1,500
This has been discontinued. Submission deadline was March 21, 2024.