New Home Purchase in Canada
Whether you are a first time buyer in Canada or a seasoned investor, purchasing a new home is the biggest investment of your life. Getting the best mortgage rates in Canada and the right mortgage product tailored to your specific needs is as important as finding the right house. Just as you use the MLS to find that right house, you should use a mortgage broker to find today's best mortgage rates for your new home loan. Many home buyers find the financing aspect of the process to be very stressful and confusing, especially first time buyers. With one of our mortgage brokers working with you, we will help you to choose between the different terms, amortizations and mortgage products, educating you in the process so the next time you will know what to expect.
The first step when you decide to buy a new home is to determine whether you can qualify for a mortgage, and if so, how much of a mortgage can you qualify for based on your income. In other words, the first step is right here with one of our Canada mortgage brokers! Remember, the lower the mortgage rates the more you qualify for, and the less your monthly payments.
Average MLS® Resale Price for Local Markets
City |
February 2011 |
February 2010 |
Halifax |
$ 261,638 |
$ 251,072 |
Saint John |
$ 175,371 |
$ 168,735 |
Quebec |
$ 244,326 |
$ 227,461 |
Montreal |
$ 300,471 |
$ 287,151 |
Ottawa |
$ 337,797 |
$ 318,894 |
Toronto |
$ 454,470 |
$ 431,509 |
Hamilton/Burlington |
$ 331,741 |
$ 314,656 |
Winnipeg |
$ 228,180 |
$ 215,230 |
Saskatoon |
$ 287,202 |
$ 291,054 |
Regina |
$ 272,609 |
$ 263,753 |
Calgary |
$ 400,879 |
$ 389,388 |
Edmonton |
$ 311,674 |
$ 316,927 |
Vancouver |
$ 791,604 |
$ 662,741 |
Victoria |
$ 490,970 |
$ 481,246 |
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