TODAY'S MARKET CAN BE YOUR OPPORTUNITY TO OWN AN HOME
Disclaimer: Market conditions and price differences vary by location and property type. Past market trends do not guarantee future appreciation.
Today's Buying Opportunity
HOME PRICES HAVE CHANGED SINCE 2022
Remember the housing market at its February 2022 peak?
Many homes were selling at substantially higher prices than in today's market.
Now, as a buyer, you may have an opportunity to purchase a similar property at a lower price.
Imagine buying a home today for considerably less than what a comparable property might have cost at the peak.
Imagine buying a home today for considerably less than what a comparable property might have cost at the peak.
Lower purchase prices can mean a smaller mortgage, lower down payment requirements and greater purchasing flexibility.
Explore today's opportunities and make the right move when market is favourable.
Build Your Equity
EXPERIENCE THE POWER OF HOME EQUITY
You know how homeownership can help build wealth and improve your standard of living.
Why not begin building equity?
Instead of continuing to pay rent, consider putting your monthly housing payments toward a home of your own.
Over time, mortgage principal repayment can increase your ownership equity.
And when property values rise in the future, you may benefit from additional appreciation.
Explore Your Opportunity With Nav, my Virtual AI Assistant at 1-365-364-2345, available 24/7
IS NOW THE RIGHT TIME TO BUY? ASK NAV!
Every buyer's situation is different.
Chat with Nav, my Virtual AI Assistant, available 24/7.
Nav can help you explore:
Current homes within your budget
Price differences compared with the 2022 market
Price differences compared with the 2022 market
Down payment and mortgage requirements
Estimated monthly ownership costs
Your preferred location and moving timeline
Estimated monthly ownership costs
Your preferred location and moving timeline
Ask Nav your questions and explore the possibilities of becoming a homeowner again.
MORTGAGE INFORMATION — YOUR PATH TO HOMEOWNERSHIP
Mortgage information is for general reference only. Rates, eligibility, payments and lending requirements may vary. For professional mortgage advice, please ask Nav to connect you with our mortgage expert.
DOWN PAYMENT & CLOSING COSTS
Minimum Down Payment:
$600,000 home — $35,000
$700,000 home — $45,000
For homes priced between $500,000 and $1.5 million, the minimum down payment is 5% on the first $500,000 and 10% on the remaining amount.
Additional Costs:
Land transfer tax
Legal fees and disbursements
Home inspection and appraisal, if required
Title insurance and adjustments
Mortgage default insurance generally applies when your down payment is less than 20%.
Chat with Nav, my Virtual AI Assistant at 1-365-364-2345, available 24/7.
MORTGAGE QUALIFICATION & PRE-APPROVAL
What Do Lenders Consider?
1. Income: Employment, self-employment and other qualifying income.
2. Credit History: Credit score, payment history and outstanding obligations.
3. Existing Debts: Car loans, credit cards and other monthly payments.
4. Down Payment: Available savings and acceptable sources of funds.
5. Mortgage Stress Test: Your ability to qualify at the applicable qualifying interest rate.
Why Get Pre-Approved?
Understand your potential borrowing capacity, estimated monthly payments and available mortgage options before shopping for a home.
Final mortgage approval depends on lender requirements and property assessment.
MORTGAGE RELATED GENERAL QUESTIONS? ASK NAV!
Wondering if you qualify for a mortgage or how much home you can afford?
Chat with Nav, my Virtual AI Assistant at 1-365-364-2345, available 24/7.
She Can Help You Understand:
Minimum down payment requirements
Mortgage qualification and pre-approval
Estimated monthly mortgage payments
Credit and income requirements
Closing costs and available buyer benefits
Need a Mortgage Document Checklist?
Ask Nav for a list of documents commonly required for mortgage pre-approval, including income verification, employment records, down payment confirmation and identification.
Chat with Nav today and explore your next steps toward homeownership!
