Find Your Perfect Ottawa Home

In Canada, the minimum down payment depends on the purchase price. For homes under $500,000, you need at least 5%. For homes between $500,000 and $1 million, it's 5% on the first $500,000 and 10% on the remainder. For homes over $1 million, you need 20%. However, putting down 20% or more helps you avoid mortgage insurance (CMHC) fees. I'll help you understand the best strategy for your situation.

Absolutely! Getting pre-approved shows sellers you're a serious buyer and gives you a clear budget to work within. It also speeds up the offer process when you find the right home. Pre-approval involves a lender reviewing your finances to determine how much they'll lend you. I can connect you with trusted mortgage professionals who will help you through this process at no cost to you.

Closing costs are the fees and expenses you pay when finalizing your home purchase. They typically include legal fees, land transfer tax, home inspection, title insurance, and appraisal fees. In Ottawa, you should budget approximately 1.5% to 4% of the purchase price for closing costs. For example, on a $500,000 home, expect $7,500 to $20,000 in closing costs. I'll provide you with a detailed breakdown early in the process so you can plan accordingly.

That's exactly what I'm here for! I'll provide you with a detailed comparative market analysis (CMA) for any property you're interested in. This includes recent sales of similar homes in the area, current market trends, and the property's condition. I'll give you an honest assessment of whether a property is priced fairly, overpriced, or a great deal. My goal is to ensure you make an informed decision and never overpay.

While not legally required, a home inspection is highly recommended and can save you from costly surprises. A professional inspector will examine the property's structure, systems, and components to identify any issues or needed repairs. This typically costs $400-$600 and is money well spent. The inspection report can also be used to negotiate repairs or price adjustments with the seller. I'll help you coordinate with trusted inspectors and interpret the results.

The Ottawa real estate market fluctuates based on season, inventory levels, and economic conditions. During our consultation, I'll provide you with the most current market data for your desired neighborhoods—including average days on market, sale-to-list price ratios, and inventory levels. This information helps us craft a competitive buying strategy. Even in competitive markets, the right approach and timing can help you secure your dream home without overpaying.