How much do I need for a down payment?
In Canada the minimum is 5% on the first $500,000 and 10% on the portion above it, up to $1.5 million. With less than 20% down, mortgage default insurance is required.
Should I get pre-approved first?
Yes. A pre-approval tells you your real budget and makes your offer stronger. I can introduce you to mortgage professionals I trust.
What closing costs should I plan for?
Plan for the transfer tax (Ontario land transfer tax or Québec welcome tax), lawyer or notary fees, inspection, and adjustments such as property taxes. A common rule of thumb is 1.5% to 4% of the price.
Should I get a home inspection?
Almost always. An inspection can reveal hidden issues and give you room to negotiate repairs or the price before you commit.
Can you help me buy in Gatineau if I live in Ottawa?
Yes. I'm licensed in both Ontario and Québec, so I can help you buy on either side of the river and explain every difference along the way.