Buying a home you can afford sooner rather than later can be very beneficial. This is because a home allows you to build equity. When you make a mortgage payment each month, you build equity in a place of your own (unlike a rent payment). Equity is the difference between the value of the home and your outstanding mortgage. The longer you stay in your home (and the more payments you make), the more equity you’ll have. And, unlike most things you buy, a home will almost certainly increase in value over time – which builds even more equity.

Click here for ways to use the equity in your home.

Investing in a home can have a significant payoff over time. And the sooner you begin, the sooner you’ll start building equity. Here’s a historical look at how houses in Canada have appreciated in value since 1987.

  • Review our handy mortgage glossary of common phrases that newbie buyers need to know. Here’s an A-Z guide to the key mortgage speak you’ll be using in the weeks and months to come...
  • If you’re still in the consideration process, this section provides insight on whether or not homeownership is right for you...
  • Own a home with as little as 5% downpayment.
  • Mortgages for New Canadians with as little as 5% downpayment.
  • When looking to buy your first home, the size of your down payment will help determine which mortgage option is best suited for you.
  • Homebuyer 95 - This program offers Canadians an opportunity to own a home with as little as 5% down payment. The Homebuyer 95 program allows you to purchase your dream home today and begin building equity sooner. Purchase Plus Improvements - Ideal for consumers looking to purchase a home that has great…

Achieve the homeownership dream sooner