The complete guide for first-time home buyers in Canada Mar 26th

How to go about securing the best return for your investment in Canada.

Latest News

Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets Mar 8th

DORAL, Fla. (AP) — President Donald Trump said Saturday that it was inconsequential if Russia has provided Iran with information to help Tehran target U.S. military personnel and assets in the Middle East as the week-old war rages..... More »

NSJ Gold Corp. (NSJ) (9PZ) Issues Stock Options - Junior Mining Network May 4th

NSJ Gold Corp. (NSJ) (9PZ) Issues Stock Options Junior Mining Network.... More »

How is investment income taxed in Canada? Jul 3rd

Ask MoneySense I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying? My financial advisor is not very helpful. –Louise There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »

Carney government to reveal economic statement on April 28 Apr 15th

Last year, the Liberals changed Canada's financial reporting schedule moving budgets to the fall and smaller fiscal updates to the spring..... More »

How to stay the course with your retirement plan during market volatility + MORE Apr 8th

Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor stress, but for those in retirement, the plunge can be extra difficult. Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April .... More »

The complete guide for first-time home buyers in Canada

– moneysense.ca

Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approved for a mortgage and understanding the government programs designed to help you. If you have questions, we have the answers in our complete guide for first-time home buyers.

Table of contents (click to expand)
The cost of buying a home in Canada

The down payment

The deposit

Closing costs

First-time home buyer programs and rebates

The first home savings account

The Home Buyers’ Plan

The First-Time Home Buyer Incentive

The Home Buyers’ Tax Credit

Land transfer tax rebates

How mortgages work in Canada

What is a mortgage?

How fixed and variable mortgage rates work

Best mortgage rates in Canada

Lender vs. mortgage broker

How much can I afford on a mortgage?

Using mortgage calculators to weigh your options

Why you should get pre-approved

How much can you actually afford?

What is the mortgage stress test?

Tips for first-time home buyers

Strategies for first-time home buyers

Best places to buy a home in Canada

Should you buy a home in Canada?

Cost of buying a home in Canada

Many first-time buyers will have to borrow money when buying a home…

Continue Reading On moneysense.ca »

Stay tuned for more Investment wisdom brought to you by banks.ca!

Share