Buying a home or condo in Montreal? We’ve put together a step-by-step list of resources and articles to help you plan your purchase:
Step 1 – Verify that you’re ready for homeownership.
- How Much Do You Need to Earn to Buy Real Estate in Montreal?
Buying vs Renting- Which is Right for You?
3 Questions to Determine if You’re Ready for Homeownership
Here’s Why Equity is So Important!
8 Advantages of Buying Over Renting
Are you Financially Ready? – Minimum Costs for Buying a Home
A Guide To Real Estate Taxes in Montreal
5 Online Tools for Buying a Home
Step 2 – Calculate your buying costs
- Average Real Estate Prices and Appreciation Rates in Montreal
- How much do Condos Cost in Montreal?
- Making Use of the Home Buyer’s Plan
- Understanding Immediate Purchase Costs
- 5 Hidden Costs when Buying a Home
- Financial Incentives for First Time Buyers
- Have you Checked your Credit Score Lately?
- 7 Ways to Save Money When Buying a Home in Montreal
- What are Monthly Homeownership Costs in Montreal?
Step 3 – Gather your Documents and Request a Pre-Approval
- The Complete List of Paperwork You’ll Need to Buy a Home
- Financing your New Home5 Things you Should Know Before Buying
- Decide whether you’ll work with a broker (it’s free for buyers!)
- The Advantages of Being Pre-Approved
- Terms You Should Know Before Getting a Mortgage
- Getting a Mortgage if You’re Self Employed
- 6 Reasons Your Mortgage Application Could be Rejected
- Questions to Ask your Mortgage Lender
- 5 Rookie Mistakes Made by First Time Buyers
- How to Shop Around for a Mortgage
✓ Tools: Apply for Pre-Approval Online
Step 4 – Start Your Home-Hunt
- Property Type
✓ Tools: Set up a Property Alert!
Step 5 – Once you’ve found your dream home
- Crafting a Perfect Offer to Purchase
- Common Househunting DealBreakers (and how to avoid them!)
- Sealing the Deal
- A Dictionary of Useful Terms for First Time Buyers
Resources for foreign buyers and new immigrants
- Foreign investor buying or selling a property while outside of Canada
- What are good investment strategies for foreign investors?
- What is the minimum down payment for foreign investors in Montreal?
- Canadian regulation on foreign homeownership