What To Do First When Buying A Home May 2026

In Canada, the minimum down payment is 5% for homes under $500,000, while homes over $1.5 million require 20%. 2. Leverage Government Incentives

Allows you to save up to $8,000 annually (to a $40,000 lifetime limit) tax-free for your down payment. what to do first when buying a home

Buying a home is likely the largest financial commitment you will ever make. To ensure a smooth journey, you must start with preparation long before you attend your first open house. Before looking at houses, look at your bank statements. In Canada, the minimum down payment is 5%

When buying a home, the absolute first thing you should do is . While it is tempting to start browsing listings immediately, establishing a realistic budget based on your actual income and expenses—rather than just what a bank might approve—is the critical foundation of the process. Buying a home is likely the largest financial