Steps on Buying a New Home

For many, a home purchase can be one of the biggest decisions of your life. It is also a process that can be met with both stress and uncertainty. This is perfectly normal! Having a strong understanding of the buying process is important in navigating this uncertainty and remaining positive throughout. If you're planning to buy a home in the near future, I advise you to follow these simple Steps.

Save for a down payment. In Canada it is required to have 5% of the purchase price of a house under $500,000. For homes between $500,000 and $999,999, you need 5% for the first $500,000 of the purchase price and 10% for the amount above $500,000. For homes costing $1 million or more, the minimum down payment is 20%. It is important to know how much of a down payment you can afford before starting your home search, as this can determine what you are eligible to buy.

Build your credit score. Do you know your credit score? you need to monitor your credit score to ensure you qualify for the best possible rate. Some easy tips to improve your credit score are; Don’t open/close accounts, pay your bills on time, keep debt to income ratio <36%, keep current credit card balances low. 

Determining where to buy. Determining where you want to buy is important in the home buying process. Some factors include, commute time, public transit, neighbourhood amenities, safety and school rankings tend to be top of mind for many hew homebuyers.

Getting Pre Approved. A pre-approval is a commitment from a mortgage provider to lend you a certain size mortgage at a particular rate. When you get pre-approved for a mortgage, you’ll find out the maximum amount you can afford to spend on a home, the monthly mortgage payment associated with your maximum purchase price and what your mortgage rate will be for your first mortgage term. Shopping around for the best rate is important, but it can also be stressful. Working with a mortgage broker can take that stress off your plate. They will take the guess work out and find you the best rate, since brokers have access to many lenders, they may offer a wider range of mortgage products to choose from.

Finding a good real estate agent. Connecting with a real estate agent that fits your needs and has a strong understanding of the market you're looking-in is crucial. This is especially important to first time home buyers.

Start looking at properties. This is where the fun begins! Remember to keep your search within your budget and where you can see yourself living. Your real estate agent will set you up a search to receive new listings that fit your criteria. It’s also a good idea to start a list of must haves and would be nice to have. 

Making an offer. Once you’ve found the house that you want to make a home, it’s time to submit an offer. When it comes to deciding on offer details, including price and conditions, your real estate agent will help guide you through this process.

Although this whole process can seem intimidating and stressful, making sure you are prepared and knowledgeable will help. Your real estate agent and mortgage broker are there to support you. Trust the process, it will work out in the end. (Source: wowa.ca)

Top Reasons to Live in Leslieville, Toronto

December 5, 2025
Leslieville has grown into one of the East End’s trendiest neighbourhoods, offering a perfect balance between creative energy and residential comfort. Known for its vibrant culture, local businesses, and family-friendly streets, Leslieville is one of the best neighbourhoods in East Toronto for people of all lifestyles. 1. Trendy Shops and Cafes Leslieville is a haven for independent shops, artisan bakeries, and cozy cafes. Residents love supporting local businesses, and weekends often involve farmers markets, strolls down Queen Street East, discovering unique stores and tasting the area’s culinary delights. 2. Family-Friendly Streets Quiet residential streets, playgrounds, and parks make Leslieville an excellent choice for families. It’s a neighbourhood where kids can play safely while still being close to the city’s amenities. 3. Art, Culture, and Creativity Leslieville’s artsy vibe is evident everywhere, from local galleries to public murals and creative community spaces. This neighbourhood attracts artists, designers, and anyone who appreciates a creative, dynamic atmosphere. 4. Food Scene and Dining Options From brunch hotspots to trendy restaurants serving global cuisine, Leslieville has become a food lover’s dream. The area’s culinary offerings are diverse, reflecting the multicultural spirit of East Toronto. 5. Close to the Waterfront For outdoor enthusiasts, Leslieville’s proximity to Lake Ontario, Martin Goodman Trail, and various waterfront parks makes it easy to stay active. Running, biking, or simply relaxing by the lake are popular pastimes for locals.  Leslieville is perfect for anyone looking for East End Toronto real estate with a modern, creative twist, excellent amenities, and a strong neighbourhood feel .

Top Reasons to Live in The Beaches, Toronto

December 5, 2025
The Beaches, often simply called “The Beach,” is one of Toronto’s most iconic neighbourhoods. Known for its laid-back lifestyle, scenic waterfront, and community events, it’s a favourite for families, professionals, and anyone who loves living near the water. 1. Stunning Lake Ontario Waterfront Living in The Beaches means you’re never far from Lake Ontario. Residents enjoy long walks along the boardwalk, bike rides, and summer activities on the sandy beaches. The lakefront offers a serene escape while staying close to downtown Toronto. 2. Family-Oriented Environment The Beaches is ideal for families. Excellent schools, parks, playgrounds, and recreational facilities make it a safe and welcoming place for children to grow and thrive. 3. Strong Community and Festivals Community spirit is at the heart of The Beaches. Annual events like the Beaches International Jazz Festival and local farmers’ markets foster connection and celebration. Residents love the friendly, small-town feel in the middle of the city. 4. Charming Homes with Character From quaint cottages to historic houses, The Beaches offers architectural charm that’s rare in Toronto. Tree-lined streets, colourful homes, and a welcoming atmosphere make it a picturesque neighbourhood. 5. Local Shops, Restaurants, and Entertainment Queen Street East and Kingston Road Village are full of boutique shops, restaurants, cafes, and services, providing a walkable, convenient lifestyle.  For those seeking East End Toronto real estate that combines waterfront living, community spirit, and charm , The Beaches is hard to beat.

Top Reasons to Live in East York, Toronto

December 5, 2025
East York is a well-established neighbourhood that blends suburban comfort with easy access to city life. Its quiet streets, parks, and strong community make it one of the best neighbourhoods in East Toronto for families and professionals alike. 1. Parks and Outdoor Activities East York is full of green spaces like Crothers Woods, East York Civic Centre Park, and Dentonia Park. Trails, sports fields, and playgrounds make it easy for residents to stay active and enjoy the outdoors. 2. Excellent Schools Families are drawn to East York for its high-quality schools, from elementary to secondary, making it a reliable choice for parents. 3. Community Spirit and Amenities Local amenities, community centres, and neighbourhood events foster a welcoming and engaged community. Residents often participate in seasonal festivals, markets, and recreational programs. 4. Convenient Transit and Commute East York is well-served by the TTC, including subway and streetcar lines, making commuting downtown quick and convenient. It also has good access to major roads and highways. 5. Diverse Dining and Shopping The area is home to a mix of local restaurants, cafes, and shops along Danforth Avenue, Pape Avenue, and main streets, giving residents easy access to everything they need.  East York provides a balanced lifestyle with East End Toronto real estate that combines convenience, community, and a suburban feel close to the city .
Show More