Buying a Home
Whether you're upgrading, downsizing, or purchasing your first home, we can help simplify the process of getting a mortgage and making home ownership affordable. Here's how...
Always a great rate
You always get a great rate. We guarantee it.
120 day rate guarantee
For fixed rate terms, you're guaranteed a great rate for 120 days from the date you apply until the day your mortgage closes.
Simplicity in savings
We offer simple mortgages that are designed to help you save your money and own your home sooner.
Help along the way
A dedicated Account Representative will be there to help you along the way, so you'll know who to call with any questions.
What you need to know...
Down payment
If just need a mortgage, you will need a minimum down payment of 5% of the value of your home.
The larger the down payment, the less interest you'll pay over the life of your mortgage.
A mortgage with a down payment less than 20% is considered a high ratio mortgage and must be insured by either CMHC, Genworth Financial or Canada Guaranty. Other circumstances may also require Mortgage Loan Insurance. If you need Mortgage Loan Insurance, our mortgage application will give you an estimate of the insurance premium. Your mortgage approval letter will provide you with the exact amount of the premium, including any applicable taxes, so there are no surprises.
Your down payment can include funds from your own savings, investments, sale of property, or gifts from an immediate family member. You can also use up to $25,000 of your RRSP investment per applicant as a source of your down payment. Learn more about using your RRSP as a down payment.
Closing costs
It's important to remember that there are additional costs to purchasing a new home, including land transfer taxes, lawyer/notary fees, and moving expenses, to name just a few. You will need to budget a minimum of 1.5% of the purchase price.
Helpful Tools
- To help you keep track of these expenses we've created a handy closing costs checklist
- One more tool for you – here's a moving checklist to help you prepare for the big day
Find out more about...
- How much you can afford
- What we offer
- Four easy steps to getting a mortgage for your new home
- Four easy steps to getting a Home Equity Line of Credit
Mortgage and other loan rates are annual rates and are subject to change without notice and are current as of today's date.




