Taking the first step on the property ladder does not have to be stressful. Toronto has a fast-paced real estate market, but with our guidance and financial insight you can learn how to buy your first home and feel confident and comfortable every step of the way.
Here is how to buy your first home in Toronto successfully.
Buying a home will most likely be the biggest investment you will ever make. Before you start browsing for your next home, meet with a mortgage broker to establish a budget and determine what mortgage option will work best for you. The lender will look at your income, credit, debts, down payment, and other factors. We can recommend a lender to work with if you aren’t already connected with one.
Know What You Can Afford
The type of home you invest in should be a reflection of your lifestyle, whether you need the square footage of a detached home or the convenience of a condo. Consider your plans for the future, your ideal commute, how you spend your free time, and what would fit your budget.
Determine Your Needs and Wants
As a first-time buyer, it’s easy to get caught up in the aesthetics of a dream house. Modern decor and trendy paint colours may be attractive, but you should keep your focus on the more permanent features of a home such as location, age, size, and overall condition.
Look Past the Paint
Where you buy your home can impact the purchase price, your quality of life, and the home’s resale value. Working with a team who knows the area can help you find the right community. Our team can show investors Toronto’s up-and-coming areas, guide buyers through family-friendly homes in the top school districts, and find commuters a property with easy access to transit.
Find a Great Neighbourhood
Meet with TRB
When it comes to first-time buying, we can help you understand that the process of purchasing a home for the first time can be easy and simple. We can answer all of your questions about how to buy your first home, before and during the process, and will be here long after you close the deal. Let’s start today.