ARTICLE · 04 FEBRUARY 2026

Five Things First-Time Home Buyers Should Know In Ontario

Soloway Wright

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For many individuals, purchasing a home is the largest financial investment they will ever make.

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For many individuals, purchasing a home is the largest financial investment they will ever make. Purchasing your first home or condominium can be overwhelming but understanding what to expect throughout the process can help ensure a seamless transition into home ownership. Below are five considerations every first-time home buyer in Ontario should be aware of.

Once Accepted, Your Offer is a Binding Contract

The home-buying process generally begins with obtaining a mortgage pre-approval, working with a real estate agent, and searching for a suitable property. Once you have found the right home, you will submit an offer to purchase, which forms the basis of the agreement of purchase and sale (the "APS") between the buyer and seller.

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