First Time Home Buyers

Thinking of buying a new home? Make sure you're prepared and know all your options. 

First Time Home Buyers

Thinking of buying a new home? Make sure you're prepared
​and know all your options. 

Here to help you every step of the way

Understand what you
​ can afford

Determine your
​down payment

Speak to
​an advisor

Financial readiness

Are you ready to buy?

Figuring out what you can afford starts with looking at your cash flow.

  1. Deduct what you spend on everyday items, including food and transportation, from your income.
  2. Determine your housing costs, including your mortgage, utilities and property taxes, and existing debt payments.
  3. Factor in the one-time costs that come with buying a home — legal fees, moving costs, and renovations.

Speak to a mortgage specialist for guidance >

Financial readiness

Are you ready to buy?

Figuring out what you can afford starts with looking at your cash flow.

  1. Deduct what you spend on everyday items, including food and transportation, from your income.
  2. Determine your housing costs, including your mortgage, utilities and property taxes, and existing debt payments.
  3. Factor in the one-time costs that come with buying a home — legal fees, moving costs, and renovations.

Speak to a mortgage specialist for guidance >


Let's talk numbers

Your down payment & pre-approval

While you can get away with as little as 5% down when financing a home, the larger your down payment, the less interest you'll pay over time. 

To fund a more generous down payment, you can borrow from your RRSP using the Home Buyers' Plan. Under the plan, each individual can withdraw up to $35,000 tax-free from their RRSP. 

Getting pre-approved for a mortgage tells realtors and sellers you're a qualified purchaser. It lets you shop and negotiate knowing how much you can borrow, so you won't waste time looking at homes out of your price range.

Apply here >

Discovery discussion

What to bring to your appointment

Your first appointment will enable your advisor to discover your needs and to identify how we can best help you in making your first home purchase stress-free!

Below are the few documents you will need to bring with you to your first appointment.

Discovery discussion

What to bring to your appointment

Your first appointment will enable your advisor to discover your needs and to identify how we can best help you in making your first home purchase stress-free!

Below are the few documents you will need to bring with you to your first appointment.


Legal Disclaimer

Payment protection coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements.

Tools & Resources

Mortgage Calculator

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Budget Planner

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Cash Flow Calculator

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Discover more

Own a home

Home ownership is a dream and responsibility. Learn more about mortgages, home equity line of credits, and planning for renovations.

LEARN MORE

Online Mortgage Application

We make it convenient and easy for you to apply for a mortgage with our online application. 

LEARN MORE 

Personal loans

Whether it is completing home renovations, paying for education, or buying a car, we can help you do it.

LEARN MORE

Own a home

Home ownership is a dream and responsibility. Learn more about mortgages, home equity line of credits, and planning for renovations.

LEARN MORE

Online Mortgage Application

We make it convenient and easy for you to apply for a mortgage with our online application. 

LEARN MORE 


Personal loans

Whether it is completing home renovations, paying for education, or buying a car, we can help you do it.

LEARN MORE

Start your journey today

Our advisors are happy to talk to you about the steps to buying your first home.

Start your journey today

Our advisors are happy to talk to you about the steps to buying your first home.