Buying

Thinking of buying a property?

Buying starts with a clear picture: what your budget truly allows and which mortgage options fit you. A prequalification sets that number before your first showing.

Get a prequalification
Or speak with a broker (514) 317-2800

Our services are free for residential mortgages.

Acheteurs assis avec leur courtière hypothécaire pour préparer leur achat de propriété 30+ lenders compared
Prequalification

Profile · Documents · Answer

Three situations, three ways to build the file

01 First-time buyer 02 Already a homeowner 03 Newcomer to Canada
Three starting points

Where are you starting from?

A file is built differently depending on where you start. Pick the profile that sounds like you.

01 / Profile

First-time buyer

"I'm buying my first home." Borrowing capacity, down payment, costs to plan for: we set the budget before the showings. See this section 02 / Profile

Already a homeowner

"I already own a property." Selling, buying, moving your current loan: we put both transactions on one timeline. See this section 03 / Profile

Newcomer to Canada

"I recently arrived in Canada." Short credit history? We build a solid file with the documents you already have. See this section

Fit into two profiles at once? That happens often. Talk to a broker: the analysis follows your file, not a box.

01 / First-time buyer

Your first home, with nothing left vague

We start with the real budget: what you can borrow, the down payment to put together and the costs to plan for. Then we shop the lenders for you.

One meeting is enough to leave with a clear picture, before you visit a single property.

  1. 01

    What you can borrow

    Income, debts, credit habits: we put a real number on your room to move and name what needs shoring up.

  2. 02

    Your down payment and where it comes from

    Savings, a family gift, registered plans: we confirm the amount available and where it came from, the way a lender will ask.

  3. 03

    Pre-approval and how long it holds

    It gives you a maximum amount and a rate held for a set period, usually 90 to 120 days. You then visit with real reference points.

  4. 04

    From accepted offer to the notary

    We finalize the file with the lender, track each condition and coordinate with the notary right through to signing.

Minimum down payment in Canada
5% 10% 20%
Home under $500,000 Portion between $500,000 and $1M Home over $1M

These minimums depend on the purchase price. Other conditions may apply to your file: confirm your situation with a mortgage broker.

Rencontre entre un courtier hypothécaire et de futurs acheteurs autour d'une table de travail

First meeting: your numbers on the table before the showings.

Get prequalified
Courtier hypothécaire en rencontre avec des propriétaires autour d'une table de travail
File in preparation Step 2 of 4

02 / Already a homeowner

Already a homeowner

You already carry a mortgage. The real question becomes the order of operations: what to finance, when to sell, and what happens to the loan you have.

Two loans, one calendar

We check with lenders which temporary financing options apply while your current home is still on the market.

Read the existing loan before the offer

Port it to the new property or pay it off on closing: your current terms decide that, not guesswork.

Paperwork gathered early

Mortgage statement, tax bills, proof of income: the file goes out complete, with no back-and-forth stretching the timeline.

The sale frees up your down payment

The equity from your sale becomes the down payment. We document where it comes from from the first meeting.

A prequalification kept current

We revisit your borrowing capacity once the sale is settled, so you shop with a real budget instead of an estimate.

Dates that line up

We coordinate with your notary and your real estate broker so signing and moving day follow one another.

Rental income, lender by lender

Each lender treats rental income its own way. We compare those treatments before you commit.

The building type changes the rules

Number of units, use, owner occupancy: we confirm the lender's requirements before the offer is submitted.

Leases and numbers on file

Leases, building revenue and expenses: all gathered early to avoid surprises at approval time.

Run my scenarios

Every scenario is confirmed with a mortgage broker, once your file is in hand.

Documents et pièces justificatives rassemblés lors du montage d'un dossier hypothécaire
Building the file: every document is there to present your situation as it truly is.
03 / Newcomer

New to Canada a file that speaks for you

Your Canadian credit history is still young? That doesn't close the door. The file gets built differently: solid proof, a clear picture of your income and your down payment. Conditions vary from one lender to the next, so we confirm them with you before anything is submitted.

  • Proof of income

    Pay stubs, an employment letter or contract, or financial statements if you're self-employed.

  • Your status in Canada

    Permanent residence, a work permit, a study permit: each status opens different options.

  • Banking history

    Statements from here or from your home country, depending on what the chosen lender accepts.

  • Down payment and its source

    Where the money comes from and since when: lenders ask you to document it clearly.

The final list depends on the lender and on your file. A broker on the team reviews it with you before submitting.

Tell us the language you're most comfortable in: we'll see who on the team can guide you.

Get a prequalification

More than 30 lenders compared in a single meeting.

Banks Credit unions Institutional lenders Alternative lenders Mortgage insurers
Tools

Run your scenarios

A quick calculation gives you a ballpark. It doesn't replace a real look at your file.

Your income, your debts, where your down payment comes from and the lender you end up with all change the picture. That's where a broker's work starts.

01 Mortgage payments Price, down payment, amortization: see how the payment moves.
02 Transfer duties Estimate the welcome tax to set aside in your purchase budget.
Have my file reviewed

Plan your financing

Mortgage calculator

Adjust the figures below to estimate your mortgage payment.

Welcome Tax Calculator

To calculate the welcome tax amount, you must use the higher value between the municipal assessment and the purchase price. The calculation is as follows for the province of Quebec (outside of Montreal):

Montreal

Bracket Tax Rate
First $53,200 0.5%
From $53,201 to $266,200 1.0%
From $266,201 to $532,300 1.5%
From $532,301 to $1,064,600 2.0%
From $1,064,601 to $2,059,000 2.5%
From $2,059,001 to $3,000,000 3.5%
Above $3,000,000 4.0%

Quebec City

Bracket Tax Rate
Up to $58,900 0.5%
From $58,901 to $294,600 1.0%
From $294,601 to $500,000 1.5%
From $500,001 to $1,000,000 2.0%
From $1,000,001 to $2,000,000 2.5%
Above $2,000,000 3.0%
*Results for informational purposes only.
*The actual amount may differ from what is displayed here.

Indicative results only. Actual amounts depend on your file, your municipality and the lender selected — confirm them with a mortgage broker. Open the full calculator

Our brokers

Your questions, answered by our brokers

A face, a voice, a clear answer. Our brokers explain mortgages without the jargon — on video and on the phone.

Watch all the videos
Francesca Pellicano

Francesca Pellicano

Manager - Mortgage Broker

Sophie Ferrando

Sophie Ferrando

Manager - Mortgage Broker

Élise Cuccioletta

Élise Cuccioletta

Mortgage Broker

Natalia Arman

Natalia Arman

Mortgage Broker

El Mehdi Jader

El Mehdi Jader

Mortgage Broker

Diana Lai

Diana Lai

Mortgage Broker

Melkior Clergé

Melkior Clergé

Mortgage Broker

Christian Thibault

Christian Thibault

Mortgage Broker

Sogand Alijani

Sogand Alijani

Mortgage Broker

Wael Oueslati

Wael Oueslati

Mortgage Broker

Lyne Gauthier

Lyne Gauthier

Mortgage Broker

Ganz Garcia-Makosso

Ganz Garcia-Makosso

Mortgage Broker

Frequently asked

What buyers ask us most

Every file is reviewed individually. Confirm your conditions with a mortgage broker before you commit.

What is a mortgage pre-approval?

A pre-approval is a preliminary assessment of your borrowing capacity. It gives you a maximum amount you can borrow and a rate held for a set period, usually 90 to 120 days.

What is the difference between a fixed and a variable rate?

A fixed rate stays the same for the whole term, which keeps your payments stable. A variable rate moves with the Bank of Canada’s key rate: it can be more advantageous, but it carries more risk.

How much of a down payment do I need?

In Canada, the minimum down payment is 5% for properties under $500,000, 10% on the portion between $500,000 and $1M, and 20% for properties over $1M. We can help you explore your options.

When should I talk to a broker before making an offer?

Ideally before your first showings. A prequalification frames your budget and your broker prepares the file while you shop. Once an offer is accepted, the timelines are short.

Which documents should I prepare for my file?

Generally: photo ID, proof of income, recent bank statements and the source of your down payment. Your broker will tell you what applies to your situation.

Prequalification

Get your prequalification

Fill out the online request. A broker from the team gets back to you with a clear picture of your borrowing capacity and your options.

  1. You fill out the online request, at your own pace.
  2. A broker goes over your situation with you, by phone or in person.
  3. You leave with a realistic purchase budget, backed by real numbers.

Or talk to a broker

Équipe Premium Multi-Prêts

Phone (514) 317-2800 Email equipepremium@estatefunnel.com

Prequalification request

Home purchase

Our services are free for residential mortgages. Loan conditions vary from one file to the next and are confirmed by the lender.