Getting a new mortgage can be confusing. That’s why we’ve compiled some frequently asked questions and key information.

Frequently Asked Questions

Take a look at some common questions and answers below. Are we missing something you would like to learn more about? We’re happy to assist you further, just reach out here!

How much can I afford?

Affordability depends upon your income and how large of a downpayment you are willing to put forward, as well as any loans you carry.


What is the minimum down payment required?

For properties up to $500,000 you need a 5% downpayment. For properties between $500,000 and $1,000,000 you need a 10% downpayment. For properties above $1,000,000 you will need a 20% downpayment


Can I use my RRSP for a down payment?

If you qualify as a first-time home buyer you can use your RRSP as part of your downpayment.

What are fixed rate and variable rate mortgages?

Fixed rate mortgages are fixed for the term of the mortgage. However, with variable mortgages, your rate will vary depending on the prime rate.

What other costs are associated with buying a home?

Some other costs associated with purchasing a home are: 

  • Appraisel Fees
  • Inspection Fees
  • Lawyer Fees
  • Property Transfer Tax
When does it make sense to refinance?

If you are locked into a high interest rate or you have too many debts with high interest rates then it will likely make sense to refinance.

Popular Resources

Current Rates

We can find the best possible rates for you. Contact us today for the most up to date information

Tools & Estimators

Feel free to use any of our tools and calculators to get a rough idea given your current financial circumstances. 

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