10/12/2026
Tight budget??
Here are Real options. Let’s explore what could work for you. 🏡
Buying a home in Ontario starts with understanding your options and what you can comfortably afford.
1️⃣ You may not need 20% down.
Minimums for eligible purchases below $1.5M: 5% on the first $500,000 + 10% on the portion above $500,000. At $1.5M or more: 20%.
Example: a $600,000 home = $35,000 minimum down payment, before closing costs.
2️⃣ Family support can help.
A documented, non-repayable family gift may help fund your down payment. A qualified co-signer may help you qualify and takes on repayment responsibility. The down payment is still required.
3️⃣ New to Canada? Check your eligibility early.
Eligible newcomers and work-permit holders may be able to buy. Federal buying eligibility, lender requirements and exemptions from Ontario/Toronto foreign-buyer taxes must be checked separately.
💡 Your budget should also account for mortgage default insurance where required, land transfer taxes, legal fees, property taxes, maintenance and other ownership costs.
Whether you’re ready to start looking or still figuring out where to begin, I can help you explore suitable homes and connect you with mortgage and legal professionals.
📩 DM me “OPTIONS” and let’s talk about your budget, your goals and your next steps.
Disclaimer: General information only; not legal, mortgage or tax advice. Eligibility, down-payment requirements and financing depend on the buyer, property, lender and insurer. Approval is not guaranteed. Rules may change. Obtain advice specific to your circumstances before committing.
