A first time home buyer mortgage is not a separate product, it is a normal mortgage, applied for by someone with no property to sell and no track record with a lender. What is genuinely different is the set of incentives you qualify for once, and the fact that every rule is new to you at the same time.
The brokers listed here work with first time buyers across Canada. Down payment minimums and the stress test are federal and apply everywhere; the land transfer tax rebates and buyer programs differ by province, and in some cases by city.
The brokers below have told us they take on first-time buyer files. Narrow by city to see who works in your market, most lending decisions still turn on where the property sits.
15 of these brokers have a mapped office. Tap a pin to open that profile.
I’m a Mortgage Broker with Premiere Mortgage Centre, bringing 16 years of mortgage and banking experience to clients across the Annapolis Valley and rural Nova Scotia. I take the time to und…
As Licensed Principal Broker, I’m dedicated to providing you with all the information you need to make a well-informed decision on your mortgage financing needs. My mortgage industry knowled…
With 10 years of extensive, hands-on experience in the Canadian mortgage industry, your agent specializes in turning complex financial scenarios into clear, actionable pathways. Providing co…
As a Mortgage Broker with The Mortgage Centre, I deliver customized financing solutions through an extensive network of lenders, ensuring competitive options tailored to each client's needs.…
I’m Janine Veenendaal, a Mortgage Broker who believes this business is about so much more than rates and paperwork. It’s about people, your families, your pets, your dreams, and even the cha…
I’m a Level 2 Mortgage Agent with Get A Better Mortgage, serving residential clients in Ottawa and commercial clients across Ontario. Known as the “Mortgage Matchmaker,” I connect borrowers…
Purchasing a home is an important decision and you should be confident about your investment. I will work with you personally to offer you valuable insight throughout the process, save you t…
I am an experienced mortgage broker who has been helping clients for 23 years. I proudly serves clients, providing honest advice, practical solutions, and personal support from the first con…
With more than 36 years of experience in the banking and mortgage industry, including senior leadership roles with Royal Bank of Canada, CIBC, and most recently as Vice President of Sales wi…
I’m an independent mortgage broker in Ontario who works mostly on the files other people find difficult. Self-employed income, bruised credit, CRA arrears, B and private lending, First Time…
I help homeowners, homebuyers, self-employed individuals and investors find mortgage solutions across Ontario. I specialize in business-for-self financing, refinancing, investment properties…
Licensed in British Columbia, Nova Scotia and Ontario, I believe honest advice and education should come first. You deserve to understand your mortgage options and the why behind my recomme…
Micky Khaneka is a licensed mortgage broker and founder of MKG Mortgages in North York, ranked #15 on CMP's Top 75 Mortgage Brokers in Canada 2026. MKG helps GTA buyers, homeowners and self-…
Rachel Rogerson is a trusted mortgage broker with 16 years of experience helping Canadians find the right mortgage solutions. Based in Burnaby, BC, Rachel specializes in home purchases, refi…
Rita Cousins is an experienced mortgage broker with mortgage architects, bringing over 45 years of experience in the mortgage industry. Based in Nanaimo, BC, Rita helps clients with home pur…
With over 13 years of experience in financial services, I help homebuyers, homeowners, and self-employed professionals navigate mortgage financing with confidence. Specializing in residentia…
I am a dedicated mortgage professional who believes getting s mortgage should feel exciting not overwhelming. As a mortgage broker I work with a wide range of lenders to help find mortgage s…
I’m a Mortgage Agent Level II based in Sturgeon Falls, serving North Bay, Sudbury and clients across Ontario. I work with first-time buyers, homeowners, investors and anyone looking for a be…
# Begonia Celorio – Mortgage Agent Level 2 | Caledon & GTA ### Award-Winning Mortgage Agent Helping You Find the Right Mortgage for Your Goals Buying a home, renewing your mortgage or figu…
I'm P. Michael Thomas, AMP, Mortgage Broker, helping homebuyers, homeowners, investors and business owners find practical mortgage and financing solutions. With almost 10 years of experienc…
Let's get you a better mortgage that is customized for your financial needs. We specialize in using mortgage for more purchasing power and to build your future wealth for retirement. There a…
I’m a licensed mortgage broker serving clients across British Columbia, Alberta and Ontario, with a large part of my business coming from the Lower Mainland, Vancouver Island, the Okanagan,…
The minimum down payment is a percentage of the purchase price that steps up as the price rises, and there is a price ceiling above which no insured mortgage is available at all and twenty percent becomes mandatory.
Below twenty percent, mortgage default insurance is required. It protects the lender, not you, and the premium is added to the mortgage rather than paid up front. The trade-off is real: insured mortgages usually carry lower rates than uninsured ones, so putting down slightly less can occasionally cost less overall. It is worth having a broker run both.
You do not qualify at your contract rate. You qualify at the greater of your contract rate plus two percent, or a floor rate set by the regulator, whichever is higher. On most applications this reduces the maximum you can borrow by roughly a fifth compared with a naive calculation.
The two ratios that decide the outcome are GDS, which measures housing costs against gross income, and TDS, which adds all other debt payments. Car loans and student debt reduce what you can borrow for a house, sometimes by more than buyers expect.
Several federal measures are aimed at first time buyers: a registered account designed specifically for a first home, a plan allowing a withdrawal from an RRSP toward a first purchase, and a tax credit claimed in the year you buy. They stack, and none of them are automatic.
Provincially, land transfer tax rebates for first time buyers exist in several provinces, and Toronto has a municipal rebate on top of the Ontario one. These are claimed at closing, usually by your lawyer, and are easy to miss if nobody raises them.
Definitions of "first time buyer" differ between programs, some look at whether you have owned in the last four years rather than ever. Check the definition that applies to the specific program, not the general idea.
The minimum is a percentage of the purchase price that steps up as the price rises, with a ceiling above which no insured mortgage is available and twenty percent becomes mandatory. Below twenty percent, mortgage default insurance is required and the premium is added to your mortgage.
You must qualify at the greater of your contract rate plus two percent or a regulator floor rate, rather than at the rate you will actually pay. In practice it lowers the maximum mortgage you can obtain by roughly a fifth, which is the single biggest surprise for most first time buyers.
Not for being a first time buyer as such. But buyers putting down less than twenty percent take an insured mortgage, and insured mortgages generally price below uninsured ones because the lender carries less risk. That means a smaller down payment can come with a lower rate.
Yes. A federal plan lets you withdraw from an RRSP toward a first home without immediate tax, provided the funds have been in the account long enough and you repay over a set schedule. It can be combined with the registered account designed specifically for first home savings.
In several provinces, yes, and Toronto adds a municipal rebate on top of the Ontario one. It is claimed at closing rather than applied for separately, usually by your lawyer, so raise it early to make sure it is not missed.
