1. Establish the cash plan
Combine your down payment with legal fees, inspection, appraisal, land-transfer tax or registration fees, moving costs and an emergency reserve.
RECOVERED BOLT GUIDE · REVIEWED AUGUST 2026
First-time buyer roadmap.
A practical sequence that connects government programs, active-supply context and professional due diligence.2. Use registered programs deliberately
FHSA contributions can be deductible and qualifying withdrawals tax-free. The HBP can allow up to $60,000 from an RRSP per eligible buyer, with repayment obligations.
3. Get a documented pre-approval
Ask what rate is held, how long it is held, which documents remain outstanding and whether the approval is conditional on the property.
4. Research the market and property
Use RealStats aggregate active-supply statistics for market context, then verify property facts, condition, title, condominium documents and neighbourhood risks with qualified professionals.
5. Protect the closing
Keep financing, inspection, insurance and legal conditions appropriate to the transaction. Do not treat an online calculator as a lender commitment.