Purchase

How much down payment do I need?

The minimum down payment in Canada is 5% on the first $500,000 of the purchase price, 10% on the portion between $500,000 and $1.5 million, and 20% on anything above $1.5 million. We'll walk through exactly what applies to your purchase.

What's the difference between pre-qualification and pre-approval?

Pre-qualification is a quick estimate based on what you tell us. Pre-approval involves verifying your documents and typically locks in a rate for 90–120 days while you shop for a home.

Can I still buy if I'm self-employed?

Yes — we work with lenders who use alternative income verification (bank statements, business financials) for self-employed borrowers.

How long does financing take once I'm under contract?

Typically 2–4 weeks from a signed purchase agreement to funding, depending on the lender and how quickly documents come together.