Ontario First-Time Home Buyer Checklist
Updated: January 2026
Quick Overview
This Ontario First-Time Home Buyer Checklist outlines the key steps buyers should complete before, during, and after purchasing a home. It’s designed to help you stay organized, avoid missed steps, and understand how each stage of the buying process fits together.
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
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
- ☐ Book 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
For a breakdown of what happens on possession day, see Closing Day in the GTA: What to Expect.
Final Tip
Buying your first home is a process, not a single decision. Use this checklist as a reference point, and don’t rush steps that affect your finances or long-term comfort.
Want a printable first-time home buyer checklist?
Request the printable version and we’ll send a one-page checklist you can save to your phone and bring to showings.
Helpful Official Resources
Frequently Asked Questions
No. Some steps happen in parallel, and timing can vary depending on the property type and market conditions.
Yes. Condo purchases include additional steps such as reviewing a status certificate and understanding condo fees and rules.
Most buyers benefit from starting several months in advance, especially when preparing finances and securing pre-approval.
No. This checklist is a planning tool. Professional advice is still important for pricing, strategy, and legal review.