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Buying a home in Canada

Do u know that there is no need to rent even if you have just immigrated to Canada. You can start the process of buying a home right after your immigration application got approved even before your landing in Canada.

Steps to Buying a Home

  • Start Your Research Early. ...
  • Determine How Much House You Can Afford. ...
  • Get Prequalified and Preapproved for credit for Your Mortgage. ...
  • Find the Right Real Estate Agent. ...
  • Shop for Your Home and Make an Offer. ...
  • Get a Home Inspection

A real estate agent can help you find and buy a home. They will:

  • Listen to your needs.
  • Arrange for home visits.
  • Arrange a professional home inspection.
  • And help you get a good price.

Making an offer

Once you have found a home, it is time to make an “offer to purchase.” If you are using a real estate agent, he or she will help you make the offer.If your offer of purchase is accepted, you will need to hire a lawyer or notary to transfer your home to your name. You can find one online or ask your real estate agent.

Financing your home

Most homebuyers need a loan from a bank (or other financial institution like a “credit union,” a “caissepopulaire” or an insurance company). A loan for buying a home is called a “mortgage.”

You pay back a mortgage through regular payments over a period of time, usually up to 25 years. You will be charged interest to borrow this money.

Down payment and mortgage loan insurance

The amount of your mortgage is the price of the home minus the amount of your down payment. If the down payment is less than 20 percent of the price of your new home, you may need mortgage loan insurance

Mortgage loan insurance protects the bank or financial institution if you cannot pay back the mortgage. It also lets you get a mortgage for a lower down payment and a lower interest rate.

Credit score and history

A good credit history is very important when you are trying to get a mortgage. As a newcomer to Canada, you may not have a credit history that Canadian banks recognize.

If you want to buy a home, you should start getting a new credit history as early as possible

Home inspection

If you make an offer on a house, you should make your offer conditional on the home passing a professional home inspection. This lets you cancel or change your offer if the inspector finds serious problems with the house. For a fee, an inspector will make a detailed inspection of the property. When you receive the home inspection report, you and your real estate agent will have to discuss how required repairs, if any, may affect the price you agree to pay.

We have experts in different provinces of Canada to provide real estate assistant for new immigrants. They will guide you through each and every step towards buying and setting up your new dream home in Canada.

Raman Thind





Pinder Banipal

British Columbia ,Canada




Paul gill

Manitoba , Canada