Moving on up!
Moving to your next home
Buying your next home
There are a few key things to consider if you’ve outgrown your current home or need to relocate.
Determine budget
Decide on a budget that includes any needed renovation costs to your current or new home.
Sell or buy first?
Decide if you’re comfortable buying first or if you should wait to sell in the current market.
Get pre-approved
Determine the price range of homes to consider to get ahead of the game.
List your home
Work with a real estate professional to set the right price and market your home effectively.
Buy your home
Start looking for your next home once you’ve sold or arranged bridge financing for your current one.
Sell your home
Finalize your finances and get ready to celebrate as you settle in to your new home
Selling first vs. buying first
The answer depends on your circumstances. There are advantages to each approach:
Selling first
- It’s easier to get new financing
- You’re confident in the amount of money you have for your new home
- You don’t have the stress of carrying two mortgages at once
Buying first
- It’s easier to get new financing
- You’re confident in the amount of money you have for your new home
- You don’t have the stress of carrying two mortgages at once
How we make it easy
Here are some great mortgage features to choose from when buying your next home:
Move your mortgage
without penalty
Keep the same rate when you transfer your current mortgage to a new one
Blend and increase
your mortgage
Blend your interest rates when you need to borrow additional funds
Finance your renos
with a mortgage
Roll the amount you need for renovations into your new purchase plus improvements mortgage
For the next-time homebuyer
Need more space or looking to buy your next home? Keep these items in mind.
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The overlooked money habit that makes you ready for anything
A simple monthly check-in can help you see what’s coming, plan for bigger expenses and feel better about your money.…
-
How to budget when your income changes every month
If your income rises and falls throughout the year, budgeting can feel like a waste of time. We’ve put together…
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Should you keep saving for retirement when everything feels expensive?
When day-to-day costs rise or an unexpected bill arrives, it can be tempting to put retirement savings on hold. Here’s…
working with a mortgage expert
Let us guide you through your homeownership journey
Our mortgage advisors love helping home buyers continue their homeownership journey and can customize your mortgage just like you can customize the paint colours and lighting fixtures in your new home.
- Combine your financing to meet your specific needs (mortgage, car loan, home reno) to help save you money
- Finding a mortgage term and rate structure that’s right for you
- Securing solutions for future needs like renovations, an income property or vacation home
Featured mortgage rates
5 Year Fixed*
(CMHC/Sagen™ Insured)
5 Year Variable*
(CMHC/Sagen™ Insured)
Mortgage Qualifier Calculator
The first steps in buying a house are ensuring you can afford to pay at least 5% of the purchase price of the home as a down payment and determining your budget. This calculator steps you through the process of finding out how much you can borrow.
Let us help you get into your next home
Ask us about a mortgage
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