Image: 4Max / RELNKS /Adobe Stock

Buying your first home can feel overwhelming. Aside from the financial commitment, the journey to homeownership can intimidate anyone new to the process.

If this sounds familiar, you’ve come to the right place. This guide will lay out the basic steps for buying a home in Canada – along with some helpful tips – in just three minutes!

This guide is brought to you by the free-to-use platform RELNKS. RELNKS has all the homebuying resources and services you’ll need to buy a home, and more, in one place.

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Step 1: Organize your finances

Your first step is saving for your down payment. The down payment is the initial fee you pay for a home once your offer is accepted. The amount you pay will vary depending on several factors, but in Canada, five per cent of the property’s true market value is the minimum. The more money you put down up front, the smaller your mortgage will be.

Next, you will want to get pre-approved for your mortgage to better understand what you can afford. Consult with a mortgage broker or lender to start the process and to help you find the best rates available. After you’ve created an account on RELNKS, you can find and connect with a local mortgage broker for a quick and guided process.

First-time homebuyers can take advantage of government programs to help your investment. Be sure to do your research!

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Step 2: Connect with a real estate agent

Now comes the fun part – looking at homes! Once you’ve found a real estate agent, you’ll want to connect on RELNKS to share documents, order services, and track your process. Doing so keeps you both in the loop and makes it easier to manage your touchpoints.

Think long-term when looking for your home. Consider budget, location, and personal requirements. With RELNKS, you can also research data and demographics on any neighbourhood you’re considering.

Once you’ve found your dream home it’s time to work with your realtor on making that offer!

A deposit will be needed after your offer is accepted by the seller to let them know you’re serious about the purchase. Next, you’ll return to your lender or mortgage broker to complete your financing. RELNKS can store all of your documents safely within your account, so you can access the documents you’ll need at this stage quickly.

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Step 3: Countdown to possession!

After you’ve paid the deposit, you enter the closing period. Now you’ll work with a real estate lawyer to finalize the paperwork and take care of some final action items. RELNKS helps you find a real estate lawyer and will track your milestones throughout the process.

You’ll also need home insurance before the house is yours. You can request and compare insurance quotes on RELNKS to find the right fit. Legally changing your address and setting up your utilities can take some time and should also be initiated at this stage. Both tasks can go under the radar for new homeowners, so be sure to follow your checklist. On the final day, you’ll receive your keys and take legal possession of your new home!

Remember that RELNKS is here to help at every step of the way. We carefully vet all service providers so our users can experience the best possible home buying process. Create your free account at and get started today. Good luck!

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