Ontario First-Time Home Buyer Checklist -

Updated: January 2026

Answer Box

This Ontario first-time home buyer checklist breaks down what to do before, during, and after buying your first home so you stay organized, avoid surprises, and navigate the buying process with confidence.

Buying your first home in Ontario involves several steps — from securing financing and understanding incentives to submitting offers and closing. Use this checklist as your roadmap, and pair it with our First-Time Home Buyer Guide Ontario for deeper explanations of each step.

Before You Start Your Home Search

☐ Review your credit report and address any issues early
☐ Determine your realistic monthly housing budget
☐ Confirm your down payment amount and sources
☐ Set aside funds for closing costs (typically 3–4% of purchase price)
☐ Meet with a mortgage professional for pre-approval
☐ Gather documents for mortgage pre-approval (ID, income, savings, debts)
☐ Understand first-time buyer incentives you may qualify for (FHSA, HBP, LTT refund)

When You Begin Viewing Homes

☐ Define your must-haves versus nice-to-haves
☐ Decide on preferred locations and commute tolerance
☐ Compare property types (condo, freehold, townhouse)
☐ Review monthly carrying costs, not just purchase price
☐ Book showings with a local Realtor® who understands your market

Before Making an Offer

☐ Review recent comparable sales in the area
☐ Confirm financing details with your lender
☐ Understand deposit requirements and timelines
☐ Review condo status certificate requirements if applicable
☐ Discuss offer strategy and conditions with your Realtor®

Once Your Offer Is Accepted

☐ Submit deposit within required timeframe
☐ Complete financing approval
☐ Schedule and complete home inspection (if applicable)
☐ Review status certificate for condos
☐ Satisfy or waive conditions before the deadline

Preparing for Closing Day

☐ Hire a real estate lawyer
☐ Review closing statement and adjustments
☐ Arrange home insurance effective on closing day
☐ Set up utilities and services
☐ Prepare certified funds or wire transfer for closing

Closing Day and Beyond

☐ Confirm registration and key release with your lawyer
☐ Pick up keys once the transaction is complete
☐ Change locks if desired
☐ Set reminders for property tax and mortgage payments
☐ Keep all purchase documents for future reference

Helpful Resources & Tools

Frequently Asked Questions

Do I need to complete every step in this checklist in order?

No. Some steps happen in parallel, and timing can vary depending on the property type and market conditions.

Is this checklist different for condo buyers?

Yes. Condo purchases include additional steps such as reviewing a status certificate and understanding condo fees and rules.

How early should I start this checklist before buying?

Most buyers benefit from starting several months in advance, especially when preparing finances and securing pre-approval.

Does this checklist replace working with a Realtor® or lender?

No. This checklist is a planning tool. Professional advice is still important for pricing, strategy, and legal review.

Ready to Plan Your First Home Purchase in Ontario?

We can help you map out your budget, choose a realistic price range, and create a search strategy tailored to your goals across the GTA and Niagara Region.

Book a First-Time Buyer Planning Call