3 Questions to Ask Yourself Before Buying a House in Ontario, Plus Home Buyer's Checklist

Ontario Home Buyer's Checklist - Download

As you view different properties, use this free checklist to evaluate which home is right for you. Download The Home Buyer's Checklist


Am I Financially Ready to Buy a House?

Use the Mortgage Qualifier Calculator - As a general rule, your monthly housing costs (including mortgage principal and interest, taxes and heating) shouldn't add up to more than 32 per cent of your gross household monthly income.


Question Two
How Much Will My Home Actually Cost Over Time?


Use the Payments and Amortization Calculator
- Most mortgages are amortized over a 25-year period, meaning that's how long it will take for your combination of interest and principal payments to eliminate the balance on your mortgage.


Question Three
What Kind of Mortgage Will I Qualify For?


Use the Ontario Mortgage Comparison Calculator
- Depending on your current financial situation and the size of your down payment, you may qualify for either a conventional or high-ratio Ontario mortgage.



What Now?

Your next step is to determine your down payment for a house in Ontario. Don't forget to download your free guide below that will answer your home buying questions.

The House Team: Learn Before You LeepThis free report is yours with no obligation, registration, or email address required. Simply click the link below to view the most frequently asked Ontario mortgage questions.

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