First-Time Buyer Hub
Your complete guide to purchasing your first home in Ontario. Learn the process, understand the costs, and make confident decisions with personalized resources.
Your Journey
Research & Learn
Get Pre-Approved
Find Your Home
Make an Offer
Close & Move In
Keep this checklist handy while house hunting
Get the complete first-time buyer checklist with all 5 stages, key documents, and timelines.
Essential Knowledge
Understanding Mortgages
Learn about mortgage types, rates, amortization, and how to qualify
- →Fixed vs. variable rates
- →CMHC mortgage insurance
- →Pre-approval process
- →Amortization periods
What to Look For
Key factors when evaluating properties for your first home
- →Location and neighborhood
- →Home inspection essentials
- →Property condition assessment
- →Resale potential
The Buying Process
Step-by-step guide through the entire home buying journey
- →Making an offer
- →Inspection and appraisal
- →Legal documentation
- →Closing walkthrough
Costs to Expect
Breakdown of all expenses including closing costs and taxes
- →Land transfer tax in Ontario
- →Legal and inspection fees
- →Property taxes and insurance
- →Home warranty costs
Ready to Get Started?
Take our Buyer Readiness Quiz to assess your current position and get personalized recommendations for your next steps.
Take the Readiness QuizFinancial Tools
Mortgage Calculator
Estimate your monthly payments based on price, down payment, and rate
Affordability Calculator
Find out how much home you can comfortably afford
Land Transfer Tax Estimator
Calculate Ontario and municipal land transfer taxes on your purchase
Down Payment Planner
Plan your savings goal based on your target home price
Market Insights
Average Home Price
$892,000
Ontario
Average Mortgage Rate
5.24%
5-year fixed
Average Days on Market
18 days
Greater Toronto Area
Last updated February 2026. Market data sourced from MLS and financial institutions.
Have questions about buying in Bay of Quinte?
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