Buying a Home in Canada

Welcome to the Buying a Home in Canada website.

Rookie buyers make rookie mistakes. And the most common of these mistakes is to call agents on their for sale signs or their property ads. Click on the video above to meet Alain Savard, the creator of this site who will tell you more about it and how knowledgeable buyers go about a purchase.

This site is unique and loaded with information you will not find anywhere else. For those of you who would like to know how to buy a home like a pro and don't mind investing a few hours, we suggest you read our home-buying manual found in the menu at the top.

If you would rather watch videos, we suggest you start with our One-Hour Crash Course and then jump into the full Home Buying Course.

Mortgage Rates

Discounted rates found on the internet on May 11th, 2012.

Fixed-Rate Mortgages

6-mth closed: 2.24% (2.24%)
1-year closed: 2.39% (2.39%)
2-year closed: 2.64% (2.64%)
3-year closed: 2.84% (2.84%)
4-year closed: 2.94% (2.94%)
5-year closed: 3.19% (3.19%)
7-year closed: 3.94% (3.95%)
10-yr closed: 3.89% (3.89%)
Qualify. Rate: 5.44% (5.44%)

Variable-Rate Mortgages

BofC’s Prime: 1.00% (1.00%)
Banks' Prime: 3.00% (3.00%)
5-year: Prime - 0.15% or 2.85%

Some rates may only be available to people with top credit living in specific areas. BofC stands for Bank of Canada. The "Qualifying Rate" is used to qualify borrowers choosing terms of 4 years or less. The rates in bracket are from last week.

The BAHIC™ Network

Are you looking for a mortgage specialist that can match the above rates? A home inspector, lawyer, REALTOR® or any other real estate service provider? A member of the BAHIC™
Network may be able to help. Click on the "Find a Local Service Provider" button to see who is available in your area.

WARNING!
Membership in the Network is on a purely voluntary basis. Members are not screened and do not necessarily share the opinions expressed on this site or offer the services you are looking for. Please be careful.