First-Time Home Buyer

We're here to offer guidance through each step of the process.

Purchasing your first home is a major commitment, and the mortgage associated with this purchase is possibly the biggest financial decision you will ever make. For that reason, you will want a mortgage broker to help walk you through it and plan for your future.

  • Pre-approval: Find out the mortgage amount and interest rate you qualify for. Depending on the lender the interest rate will be held for 120 days. This will allow you around and decide what makes the most sense for you in terms of type of home and overall impact on your financial picture.
  • Purchasing a home: Once you have found the home for you, it is time to move ahead with an offer. You will want to make sure to include a condition day far enough in advance to finalize the financing and pull together all the needed documents. It is also a good idea to get a home inspection at this point.
  • Paperwork: There is a lot of this, but do not worry—we will help you get through it!
  • Closing/Lawyer: The final step will be finalizing everything with the lawyer of your choice. We will take care of making sure all the paperwork is forwarded in advance of this meeting.

A home is typically the largest purchase people make in their lifetime. Give us a call - we're here to help.

Home Mortgage Renewal

RRSP Home Buyers Plan

Are you a first-time home buyer? This might be of help to you!

The HBP allows first-time buyers to withdraw money from their Registered Retirement Savings Plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal. The current HBP withdrawal limit is $35,000.

Generally, an individual is considered a first-time home-buyer if neither the individual nor their spouse or common-law partner owned or lived in another home owned by either of the individuals in the calendar year in which the HBP withdrawal is made, or any of the four preceding calendar years.

The HBP program is also open to individuals eligible for the disability tax credit purchase a home that is more accessible or better suited to the personal needs, even if they do not meet the criteria of a first-time home-buyer. The $35,000 withdrawal limit also applies in such cases.

Notes on the Program

  • Withdrawn funds must generally be used to acquire a home before October of the year following the year of withdrawal.
  • Amounts withdrawn under the HBP are repayable in installments over a period not to exceed 15 years.
  • To the extent that a scheduled repayment for a year is not made, it is added to the participant’s income for that year.
  • RRSP deductions cannot be made for contributions withdrawn under the HBP within 90 days of being contributed.

If you are ready to take the plunge, let us know and we will contact you to get the process started!


As mortgage professionals, all of our time and effort is focused in the mortgage market. Find out more about refinancing, renewals and transfers, new home purchases and HELOC.

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New to Canada Program

Newcomers to Canada play a major role in Canada’s population growth, we can help realize the dream of homeownership.

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Purchase Plus Improvement

This program enables buyers to make improvements immediately after taking possession of a new home, with the associated costs rolled into one easy-to-manage mortgage payment.

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Vacation Properties and Cabins

In 2003, a new mortgage insurance product was introduced to make vacation properties more attainable, let us tell you more about it.

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