Deposits, down payments, closing costs and what a lender will actually approve for a first purchase.
Lower mortgage rates in Canada raise how much you can qualify for, and Canada's federal stress test moves with your contract rate, so as rates
Canada's First-Time Home Buyers' GST Rebate removes the 5% federal GST on a newly built home worth up to $1 million for buyers who qualify
Last updated: June 2026 Quick Answer To get pre-approved for a new build home in Canada, you apply with a lender or broker who reviews
More housing supply is part of the solution to Canada’s affordability problem, but supply alone is not expected to fix it quickly. In 2025, national
The average Canadian homebuyer takes 4.4 years to save for a down payment, according to CMHC's 2026 Mortgage Consumer Survey. First-time buyers take longer, an
This article is for informational purposes only and does not constitute financial, legal, or tax advice. Speak with a licensed mortgage professional before making any
Pre-construction condos in Canada are not categorically unsafe in 2026, but they carry materially higher risk than they did three years ago. The Greater Toronto
Canadian first-time home buyers in 2026 can access five core federal programs plus stackable provincial and municipal benefits. Most rebates are claimed at closing through
Most first-time buyers in BC and Ontario can typically stack federal, provincial, and (in Toronto) municipal incentives on the same purchase — combined savings often
In Canada, getting pre-approved now is typically the safer choice in a volatile rate environment. A pre-approval locks in a quoted mortgage rate for up
In Canada, most buyers can typically afford a mortgage of roughly 3.5 to 4.5 times their gross annual household income , assuming minimal debt and
Yes, most Canadians can still afford a home in 2026 — but qualifying income requirements remain near historic highs. The average Canadian household typically needs
