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Research — The First Step to Buying a Home

Step 1 of 4

Home Buying Mini Series

Buying a home can feel overwhelming. This video breaks down the costs and the process, so you can move forward with confidence and save thousands.

You've Mastered Step 1. Ready for What's Next?

Go to Step 2 - Preparation

The True Cost of Buying a Home

These statutory fees are paid on closing day and vary based on your purchase price.

Land Transfer Tax (LTT)

The single largest fee. Includes Provincial LTT and Municipal LTT (in Toronto)

Covers lawyer fees, title insurance, and other closing expenses (typically $2,000-$ $4,000)

In 99% of cases, this fee is paid by the Seller, not you.

These cash expenses are typically paid out-of-pocket before the closing date.

Home Inspection

$500 – $2,000.

$ 500 – $ 1,200 (required by your lender).

The Long-Term Benefits of Owning

Build lasting wealth through equity growth, mortgage paydown, and valuable tax advantages over time.

Principal Paydown

A portion of every mortgage payment adds to your equity, acting as a forced savings plan.

Equity Growth

Ontario homes, particularly in the GTA, have averaged approx 6-7% appreciation per year, compounding your wealth.

Capital Gains Exemption

The sale of your primary residence is tax-free in Canada (Principal Residence Exemption).

Window Shopping: Our Smart Approach

Many agents wait until you’re pre-approved, but we believe in starting sooner—empowering you with early research for confidence and clarity.

1. Start 1-2 Years Early

Begin your search long before you need to move.

2. Cast a Wide Net

Explore multiple areas and price points to gain market context.

3. Tour "Ugly" Homes

Bad photos often hide the best deals. We help you see past them.

Want to Get Started? Book your Buyer Strategy Session

Unsure about commitment? Get immediate, expert answers to your specific TRESA questions to gain total confidence before moving forward.

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