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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 our lowest rates

You always get our lowest rate. Now, and when you renew. We guarantee it.

120 day rate guarantee

For fixed rate terms, you're guaranteed our lowest 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

You will need a minimum down payment of 5% of the value of your home.

The more you save, the less you pay.

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 or Genworth Financial. Other circumstances may also require mortgage default insurance. Our mortgage application will give you an estimate of the insurance premium, and your mortgage approval letter will provide you with the exact amount of the premium 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 use up to $25,000 per applicant of your RRSP investment 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