Learn how to buy property in Canada without a traditional realtor. From mortgage pre-approval to closing, save thousands in commission.
Absolutely. While most Canadians use real estate agents, there is no legal requirement to do so. By buying directly through platforms like Shopperden, you can negotiate directly with sellers and potentially save on the buyer's agent commission — which is typically 2.5% of the purchase price.
Before house hunting, get pre-approved for a mortgage. Canadian banks and credit unions offer various mortgage products. The stress test requires you to qualify at a rate 2% higher than your actual rate. Use Shopperden's AI mortgage calculator to estimate your maximum purchase price.
Beyond the purchase price, budget for: land transfer tax (varies by province — Ontario charges 0.5-2.5%), legal fees ($1,000-$2,000), home inspection ($300-$600), title insurance ($200-$400), and moving costs. First-time buyers in many provinces get land transfer tax rebates.
Browse listings across Canada with 3D virtual tours. Filter by province, city, property type, and price range. Save your favourites and contact sellers directly through our secure messaging system.
When you find the right property, make a written offer. Include conditions such as: financing approval, home inspection, and review of the status certificate (for condos). Your real estate lawyer can help draft the offer to protect your interests.
Always get a professional home inspection ($300-$600). The inspector will check the foundation, roof, plumbing, electrical, HVAC, and more. If significant issues are found, you can renegotiate the price or walk away.
A real estate lawyer ($500-$2,000) is essential for: reviewing the purchase agreement, conducting title searches, arranging title insurance, handling the closing process, and registering the property in your name.
On closing day, your lawyer handles the transfer of funds and property title. You will need to provide: the remaining down payment, closing costs, and proof of home insurance. Once everything is signed, you get the keys!
Canada offers several programs: the First-Time Home Buyer Incentive, the Home Buyers Plan (withdraw up to $35,000 from your RRSP), and the First Home Savings Account (FHSA). These can significantly reduce your upfront costs.
Real estate rules vary by province. British Columbia has a foreign buyer tax of 20%. Ontario has a non-resident speculation tax. Alberta has no provincial sales tax, making it attractive for buyers. Always check your province's specific requirements.
Published by Shopperden Ltd
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