Before you begin your search, understand what you can afford.

1. • Meet with a lender or mortgage broker to get pre-approved for a mortgage.
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Pre-approval tells you how much you can borrow, locks in an interest rate, and shows sellers that you are a serious buyer.

Make a list of:

1. • Your preferred neighbourhoods (e.g., schools, transit, amenities).
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3. • The type of property (condo, townhouse, detached, etc.).
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Must-have features (number of bedrooms, parking, yard).

Work with a real estate professional who knows the Ontario market.

1. • Sign a Buyer Representation Agreement (BRA) to ensure you are represented.
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Your REALTOR® will search for listings, arrange showings, and guide you through negotiations.

Tour homes that fit your criteria.

1. • Attend showings and open houses.
2. • Ask questions about the property, neighbourhood, and recent sales.
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Take notes and compare.

When you find the right home, your REALTOR® will help you prepare an Agreement of Purchase and Sale (APS).

1. • Decide on the offer price, closing date, and conditions (such as financing, inspection, or status certificate review for condos).
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The seller can accept, reject, or counter your offer.

If your offer is accepted:

1. • You must provide a deposit (usually 5%) of the purchase price.
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The deposit is held in trust by the listing brokerage until closing.

Common conditions include:

1. • Financing Approval – Final confirmation from your lender.
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• Home Inspection – Identifies hidden issues that could affect your decision.

Status Certificate (for condos) – Reveals the financial health of the condo corporation.

In Ontario, it’s mandatory to have a lawyer to complete the transaction.

1. • They will review the agreement, conduct a title search, and prepare closing documents.

Your lawyer ensures your rights are protected and funds are transferred securely.

Your lender requires proof of homeowner’s insurance before releasing mortgage funds.

1. • Insurance should cover the structure, contents, and liability.
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With conditions fulfilled, your lender will finalize your mortgage.

• You’ll sign the official documents confirming your loan and repayment terms.

On the agreed closing date:

1. • Your lawyer transfers funds to the seller’s lawyer.
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3. • The property title is registered in your name.
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5. • You pay the balance due, land transfer tax, and closing costs.
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7. • Once complete — you receive your keys!