Your Journey To The Perfect Property Starts Here

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BUYING

PROCESS

Navigating the home buying process can be seamless and rewarding with the right support. It begins with identifying your budget and securing pre-approval for a mortgage, which clarifies your financial standing and strengthens your position as a serious buyer. Next, explore our extensive listings to find properties that match your criteria. Schedule viewings to experience the homes firsthand, and once you find the perfect fit, we'll help you make a competitive offer. Our experienced agents will guide you through negotiations, inspections, and the closing process, ensuring every detail is managed efficiently.

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Once your offer is accepted, the next phase involves thorough due diligence to ensure your investment is sound. This includes conducting a home inspection to uncover any potential issues and negotiating any necessary repairs or adjustments to the sale terms. Your lender will also require an appraisal to confirm the property's value aligns with the loan amount. During this period, our team will coordinate with all parties, including the seller, lender, and title company, to streamline the process. We'll assist you in reviewing all legal documents and ensure all contingencies are met. On closing day, you'll sign the final paperwork, transfer funds, and receive the keys to your new home. Our commitment to you doesn't end there; we're here to support you even after you've settled in, providing resources and advice to help you enjoy and maintain your new property.

Real Estate Buying Process - Timeline

🏡 Home Buying Process

1

Get Pre-Approved

Meet with a lender to secure financing and set your budget.

2

Find Your Home

Work with a real estate agent to explore listings and choose a property.

3

Make an Offer

Submit an offer, negotiate, and finalize the agreement.

4

Home Inspection & Appraisal

Ensure the home is in good condition and finalize the mortgage.

5

Close the Deal

Sign paperwork, pay closing costs, and get your keys!

6

Move-In Day

Time to move in and start your new journey!

How much of a down payment do I need?

The minimum down payment in Ontario (and across Canada) depends on the purchase price:

Under $500,000 — 5% minimum

$500,000 to $999,999 — 5% on the first $500K + 10% on the remainder

$1,000,000 and above — 20% minimum (mortgage insurance not available)

A down payment of less than 20% requires Canada Mortgage and Housing Corporation (CMHC) mortgage insurance.

What is the mortgage stress test?

The federal stress test requires you to qualify at the higher of your contract rate plus 2%, or 5.25% — whichever is greater. This ensures you can still afford your mortgage if rates rise. It applies to both insured and uninsured mortgages.

Do I need a real estate agent?

You're not legally required to use one, but it's highly advisable. A registered real estate agent (REALTOR®) in Ontario is licensed through the Real Estate Council of Ontario (RECO) and has a fiduciary duty to act in your best interest. As a buyer, you typically don't pay the agent's commission — it is paid by the seller.