STEP-BY STEP GUIDE
HOME BUYING PROCESS
Buying a home is one of the biggest financial and personal decisions you’ll ever make. In Ontario, the process is structured but can feel overwhelming if you’re not familiar with it. Here’s a step-by-step guide to help you understand each stage of the journey — from your first search to getting the keys on closing day.
1. Pre-Approval
Get pre-approved to know your budget and show sellers you’re serious.
2. Define Your Needs
Choose your neighbourhoods, property type, and must-have features.
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3. Hire a REALTOR®
Work with a licensed professional who will guide you through the process.
4. House Hunting
View homes, attend open houses, and compare options.
5. Make an Offer
Preview homes coming soon to your area. These modern properties feature open layouts, high-end finishes, and sustainable designs to suit your lifestyle.
6. Pay Your Deposit
Provide a deposit (typically 5%) held in trust until closing.
7. Fulfill Conditions
Complete financing, inspection, and status certificate reviews (for condos).
8. Hire a Lawyer
A real estate lawyer reviews the contract, conducts a title search, and manages closing.
9. Arrange Insurance
Secure home insurance, required before your mortgage funds are released.
10. Finalize Your Mortgage
Sign final mortgage documents and confirm your financing terms.
11. Closing Day
Funds are transferred, title is registered, and you get your keys!
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Information is deemed reliable but not guaranteed. Sourced in part from the Toronto Regional Real Estate Board (TRREB). Provided solely for consumers with a bona fide interest in the purchase, sale, or lease of real estate. Unauthorized use, reproduction, or distribution is strictly prohibited.