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Buying a first home

We’re here to answer your questions

As a first-time homebuyer, where do I start?

Buying your first home is an exciting step that requires a lot of thought and planning. Ready to jump in? We provide expert advice and personalized services to help you each step of the way.

6 questions to ask before you buy

Adviser house buy
Adviser house buy
Adviser house buy

1 - Should I rent or buy? 

Whether you’re a happy tenant or a future homeowner, it’s important to ask yourself the right questions. For some, renting means freedom, and for others, being a homeowner is the best investment. But what about you? Take the online test and read our articles to get a head start. 

2 - How much do I need for a down payment?

A Down payment usually sits between 5% and 20% of the value of the house you want to buy. The percentage varies depending on the purchase price and your personal situation. If your Down payment is less than 20%, you’ll pay insurance premiums in addition to your mortgage1. Wondering how to save that kind of money? Check out our articles and learn more about the Home Buyers' Plan2.

Femme qui consulte un document dans son salon
Femme qui consulte un document dans son salon
Femme qui consulte un document dans son salon
Femme ordinateur
Femme ordinateur
Femme ordinateur

3 - How much can I afford to borrow?

Let the numbers do the talking! Use our calculator to estimate your mortgage and monthly payments. This will help you figure your ideal price range. Learn more about the first-time home buyer incentive, and explore how to budget for your first home.

4 - What’s the real cost of being a homeowner?

There are several types of fees associated with purchasing a home, and it varies from one case to another. There are, for example, inspection and notary fees, home insurance, property taxes, etc. Planning for all these expenses will help you maintain control of your budget.

Combien ça coûte pour vrai
Combien ça coûte pour vrai
Combien ça coûte pour vrai
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Ready? Not ready?

Our advisors can answer your questions, no matter what stage you’re at in the process. Let us contact you to discuss your project. 

Contact me

Conseiller souriant parle à un couple
Conseiller souriant parle à un couple
Conseiller souriant parle à un couple

5 - Why get a pre-approval?

A pre-approval guarantees the amount your bank will lend you. Among other advantages, it adds credibility to your purchase offer, gives you an idea of the properties within your reach, and guarantees your interest rate for 90 days. You can apply online, free of charge and without obligation to commit to a loan. One of our experts will help you finalize the request. 

6 - Once I find my dream home, what’s next?

Already found your dream home and made an offer? It’s time to apply for financing. You will need to establish the value of the property and choose between a mortgage and a line of credit. Don’t worry! Our advisors are here to support you and answer all your questions. 

Deux femmes sourient dans une cuisine en se tenant par la main
Deux femmes sourient dans une cuisine en se tenant par la main
Deux femmes sourient dans une cuisine en se tenant par la main

Solutions to power your dreams

Mortgage loan

Whether you want the peace of mind that comes with a fixed rate, the potential interest savings of a variable rate, or a combination of the two,1 we've got the right mortgage for you.

See our mortgage loans

Home equity line of credit

Buy a home with the All-In-One™ mortgage line of credit and leverage the principal you repay to finance new projects, like renovations or travel.3.

See the All-In-One line of credit

Loan insurance and mortgage lines of credit

Guarantee your monthly payments in case of disability, critical illness or death, and protect the financial future of your loved ones.4

See loan insurance

Little details that matter

Legal Disclaimers

TM All-In-One is a trademark of National Bank of Canada.

1. Insurance premiums are added to the total amount of your mortgage. File examinations fees charged by Canada Mortgage and Housing Corporation (CMHC) and SagenTM (formerly known as Genworth) and taxes on premiums must be paid separately.

TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company.

2. To be eligible for the Home Buyers' Plan (HBP), the property must be located in Canada, purchased or built before October 1 of the calendar year following the withdrawal from your RRSP, and intended as a primary dwelling, no later than one year after it is purchased or built. You and your spouse can each withdraw up to $35,000 from your RRSP. You'll have 15 years from the second calendar year following the withdrawal to repay the funds into your RRSP. Each year, you must repay 1/15th of the total amount withdrawn.

3. Subject to credit approval by National Bank of Canada. Certain conditions apply.

Ready to buy?

Fill out our contact form to discuss your project and schedule an appointment with an advisor.

Contact me

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