Step 1: Financial Preparation

1. 💡 Check your credit score (minimum 600–680 recommended).
2. 
   
3. 💡 Save for down payment: 5% for homes under $500k; 10% for $500k–$999,999; 20% if over $1M.
4. 
   
5. 💡 Prepare for closing costs (3–5% of purchase price: land transfer tax, legal fees, inspections).
6. 
   
7. 💡 Get mortgage pre-approval to know your budget.
8. 
   

Step 2: Define Your Needs & Wants

1. 💡 Choose preferred Toronto neighbourhoods.
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3. 💡 Decide property type: condo, townhouse, semi, detached.
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5. 💡 Prioritize features: size, bedrooms, parking, yard, etc.
6. 
   

Step 3: Hire Professionals

1. 💡 Real Estate Agent (buyer representation is free).
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3. 💡 Mortgage Broker/Bank for financing.
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5. 💡 Lawyer for closing.
6. 
   
7. 💡 Home Inspector for property review.
8. 
   

Step 4: Start the Home Search

1. 💡 Tour homes with your agent.
2. 
   
3. 💡 Compare prices with recent sales.
4. 
   
5. 💡 Stay within your budget and pre-approval.
6. 
   

Step 5: Make an Offer

1. 💡 Prepare Agreement of Purchase and Sale (APS).
2. 
   
3. 💡 Include conditions (financing, inspection, status certificate).
4. 
   
5. 💡 Negotiate price, closing date, inclusions.
6. 
   

Step 6: Secure Financing

1. 💡 Provide lender with signed offer and documents.
2. 
   
3. 💡 Receive final mortgage approval.
4. 
   

Step 7: Closing Process

1. 💡 Lawyer conducts title search and prepares documents.
2. 
   
3. 💡 Pay closing costs and down payment balance.
4. 
   
5. 💡 Receive keys on closing day 🎉.