Question 1

How much down payment do I need to buy a home in Toronto?

Accepted Answer

Minimum 5% for homes under $500K. For $500K–$999K: 5% on first $500K + 10% on the remainder. For $1M+: minimum 20% down. First-time buyers may qualify for up to $10,000 in down payment assistance. Contact Sam at 647-784-7924.

Question 2

How much mortgage can I get in Canada?

Accepted Answer

Your maximum mortgage depends on income, debts, down payment, and credit score. Lenders use the stress test — qualifying you at your rate + 2% or 5.25%, whichever is higher. Sam provides free pre-approvals from 30+ lenders showing your exact qualifying amount.

Question 3

Do you need 20 percent down in Ontario?

Accepted Answer

No. Minimum is 5% for homes under $500K. Less than 20% requires CMHC mortgage insurance. For homes over $1M, 20% is required. Sam can show you all your options and which programs you qualify for.

Question 4

What are closing costs when buying a home in Toronto?

Accepted Answer

Budget 1.5–4% of purchase price: Land Transfer Tax (provincial + Toronto municipal), legal fees ($1,500–2,500), title insurance, home inspection, and appraisal. First-time buyers get up to $8,475 in LTT rebates. On a $700K home, expect $10,000–28,000 in closing costs.

Question 5

Can I buy a house with bad credit in Toronto?

Accepted Answer

Yes. Sam specializes in bad credit mortgages in Toronto and Scarborough. With access to private lenders and 30+ mortgage partners, Sam finds solutions when banks say no. Call 647-784-7924 for a confidential consultation.

Question 6

What is a cashback realtor in Toronto?

Accepted Answer

Yes we do give cashback. Select lender programs offer cashback at closing — giving you real money back to cover moving costs, upgrades, or furniture. Contact Sam at 647-784-7924 to find out which programs you qualify for.

Question 7

How long does it take to buy a home in Toronto?

Accepted Answer

Pre-approval: 1–3 days. House hunting: 2–8 weeks. Offer to closing: 30–60 days. Rush closings possible in 14–21 days. Working with Sam — who handles both real estate and mortgage — significantly speeds up the process.

Question 8

What is the mortgage stress test in Canada?

Accepted Answer

The stress test requires lenders to qualify you at your contract rate + 2% OR 5.25% — whichever is higher. This typically reduces your maximum purchase price by 15–20%. Sam helps clients structure their finances to pass the stress test and maximize buying power.

Buy a Home
in Toronto

How to Buy a Home
in Toronto with Sam

Free Pre-Approval

Find Your Home

Make a Winning Offer

Close with Confidence

What You Get When You
Buy With Sam

Up to $10,000 Down Payment Assistance

Cashback Mortgage Options

Free Home Inspection

Discounted Legal Fees

Discounted Moving Costs

30+ Lending Partners

Buying a Home in Toronto
— For Every Situation

Buy a Home in Any GTA City

Buying a Home in Toronto
— Common Questions

Ready to Buy a Home
in Toronto?

Buy a Homein Toronto

How to Buy a Homein Toronto with Sam