Buying your first home in Toronto is one of the biggest decisions you'll ever make. Here's a step-by-step guide to help you navigate the process with confidence.
Step 1: Get Pre-Approved
Before you look at a single property, talk to a mortgage broker. Pre-approval gives you a firm budget, shows sellers you're serious, and locks in a rate for 90–120 days.
Step 2: Understand Your True Budget
Your purchase price is just the beginning. Add land transfer tax (Ontario + Toronto if applicable), legal fees ($1,500–$2,500), home inspection ($400–$600), title insurance, and moving costs. First-time buyers may qualify for Ontario and Toronto land transfer tax rebates of up to $8,475.
Step 3: Choose Your Strategy
Pre-construction, resale, or a mix? Each has different timelines, risks, and benefits. A strategy session with our team will help you identify which approach fits your goals.
Step 4: Make an Offer
In a competitive market, presentation matters. Conditional offers (on financing and inspection) protect you. Our team will guide you through offer strategy, negotiation, and due diligence.
Step 5: Close with Confidence
Work with a real estate lawyer, ensure your financing is confirmed, and do a final walkthrough. Closing day is when the keys are yours.
Ready to start? Book a free strategy session with the PBC team.
January 29, 2026
