How Ready Are You to Buy a Home in Canada?

Discover your home-buying readiness with this quick assessment. In just 4 questions, we'll evaluate your knowledge of budgeting, neighbourhoods, financing, and the hidden costs that catch most buyers off guard. Get your personalized results and a custom action plan to move forward with confidence—no surprises, no regrets.

When you think about your home purchase budget, what's your current situation?

I haven't calculated my budget yet or I'm just starting to think about it. I have a rough idea of what I can afford based on my income. I've calculated my budget and included property taxes, insurance, and maintenance costs. I have a detailed budget, pre-approval from multiple lenders, and a 20%+ down payment saved.

How thoroughly have you researched potential neighbourhoods?

I haven't really researched neighbourhoods yet. I've looked at a few areas online but haven't visited them in person. I've visited neighbourhoods and checked crime stats and school ratings. I've done deep research including development plans, property tax rates, and visited at different times of day.

What's your understanding of home-buying costs beyond the down payment?

I'm not sure what other costs exist besides the mortgage. I know there are extra costs like property taxes and insurance, but I haven't calculated them. I've budgeted for property taxes, insurance, and maintenance, but haven't researched legal fees or inspections. I've calculated all costs including legal fees, home inspection, taxes, insurance, and maintenance reserves.

How prepared are you with the practical steps of the buying process?

I haven't taken any formal steps yet—I'm still in the thinking phase. I've started researching but haven't contacted lenders or real estate professionals. I've got mortgage pre-approval and have consulted with a real estate agent. I have pre-approval from multiple lenders, a lawyer on standby, and I'm actively house hunting.

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