Thinking about buying your first home in Canada? This step-by-step guide breaks down everything you need to know before you start house hunting.
In this video, you’ll learn:
️ How to figure out your real budget
️ Why mortgage pre-approval is a MUST
️ Down payment rules in Canada (5%–20%)
️ Hidden costs most buyers miss
️ How to confidently make an offer
️ What happens on closing day
Pro Tip: Most first-time buyers focus on purchase price… but your monthly payment is what truly matters.
Canadian Down Payment Rules:• 5% for homes under $500K• 5–10% for $500K–$999K• 20% for $1M+
️ Less than 20% = mortgage insurance required
Avoid costly mistakes that could delay or ruin your first purchase.
Need help or want a personalized breakdown? Contact us - we’ll guide you step-by-step.
Garima Kaushal Real Estate Professional 647-917-2590
Raj Kaushal Broker 647-504-7255 www.rajandsandyhomes.com