Monitor our most recent coronavirus (COVID-19) updates.

Skip to content
CMHC Logo Canada Mortgage
and Housing Corporation
  • Sign In or Register
  • FRANÇAIS
  •  MENU
 MENU
× FRANÇAIS
  • Home
  • Professionals
    • Project funding and mortgage financing
      • Funding programs
        • New construction
        • Renovation, repair and renewal
        • Innovation and research
        • Community (social) housing
        • Funding for Indigenous housing
        • National Housing Strategy Project Profiles
      • Mortgage loan insurance
        • Homeowner and small rental mortgage loan insurance
        • Multi-unit mortgage loan insurance
        • Default, claims and properties for sale
        • Underwriting centre
        • emili
        • NHA approved lenders
        • Calculating GDS / TDS
        • Mortgage fraud
        • Contact mortgage loan insurance
        • Insured Mortgage Purchase Program (IMPP)
        • Consumer Survey Results
        • COVID-19: CECRA for small businesses
        • Client e-update
        • Multi-unit e-update
      • Securitization
        • NHA Mortgage Backed Securities
        • Canada Mortgage Bonds
        • Canadian registered covered bonds
        • Blockchain in the housing industry
    • Housing markets, data and research
      • Housing markets
        • CMHC Reports Calendar
        • Housing market reports
        • Mortgage market and consumer reports
        • Rental Market Report
        • Housing Market Information Portal
        • CMHC Library
        • Housing in Canada Online (HiCO)
      • Housing research
        • Housing research reports
        • Housing surveys
        • Research awards and scholarships
        • Understanding core housing need
        • CMHC Library
        • Housing market information portal
        • Housing in Canada Online (HiCO)
        • Collaborative Housing Research Network
      • Housing data
        • Data tables
          • Household characteristics data
          • Housing market data
          • Housing market indicators
          • Mortgage and debt data
          • Rental market data
          • Housing market indicators
        • CMHC Library
        • Housing in Canada Online (HiCO)
        • CMHC licence agreement for the use of data
        • Housing market information portal
    • Industry innovation and leadership
      • Housing innovation
      • Partnerships
      • Industry collaboration
      • Industry expertise
        • Affordable housing
        • Indigenous housing
        • Senior housing
        • Accessible and adaptable housing
        • Developing sustainable housing
        • Resources for mortgage professionals
        • CMHC e-newsletters
    • Events and speakers
      • Conferences
      • Speakers’ bureau
  • Consumers
    • Buying a home
      • Homebuying calculators
        • Mortgage calculator
        • Affordability calculator
        • Debt service calculator
      • Buying guides
        • Homebuying step by step
        • CMHC's condominium buyer's guide
      • Mortgage loan insurance for consumers
        • What is CMHC mortgage loan insurance?
        • Do I qualify for mortgage loan insurance?
        • CMHC mortgage loan insurance costs
        • CMHC Green Home
        • CMHC — home renovation financing options
        • FAQs — mortgage loan insurance
        • COVID-19: understanding mortgage payment deferral
      • First-time home buyer incentive
      • Incentives for homebuyers
      • Newcomers
    • Owning a home
      • Manage your mortgage
        • Mortgage fraud
        • Mortgage planning tips
        • Plan and manage your mortgage
        • Your credit report
        • Your home value
      • Aging in place
        • Housing options for Seniors
        • Housing and finance tips
        • Mortgage financing options for people 55+
        • Preventing fraud and financial abuse
    • Renting a home
      • I want to rent
        • Things to consider before renting
        • Types of housing for rent in Canada
        • Finding or advertising a rental property
        • Visiting the rental property
        • Lease and rental agreements
        • Signing the lease
        • Credit checks and bad credit
        • Rental payments and deposits
        • Roommates and pets
      • I am renting
        • Moving day
        • Landlord/Tenant responsibilities
        • Inspections
        • Maintenance and repairs
        • Complaints and evictions
        • Rent increases
        • When you can't pay rent
        • Renewing or terminating the lease
        • Moving out
      • COVID-19: eviction bans and suspensions to support renters
  • About CMHC
    • CMHC’s Story
    • Management and governance
      • Speakers’ bureau
      • Annual public meeting
      • Board of directors and committees
      • Our management committee
      • Pension governance
        • Pension overview
        • Key roles and responsibilities
        • Annual reports
    • Corporate reporting
      • CMHC annual report
      • Program evaluation
      • Quarterly financial reports
      • Joint auditors special examination report to CMHC board 2018
      • CMHC’s Insured Mortgage Deferral
      • Summary of the corporate plan
      • Transparency
        • Access to information and privacy protection
        • Briefing materials
        • Procurement
        • Travel, hospitality and conference expenditures
    • Contact us
      • CMHC departments
        • Connect with a housing solutions specialist – multi-unit
        • Contact mortgage loan insurance
      • Granville lsland
      • Media relations
      • National office
      • Regional offices
      • Holiday service hours
    • Careers
  • Media Newsroom
    • Coronavirus (COVID-19) updates
    • Media relations
  • National Housing Strategy
    • What is the strategy?
      • About the initiatives
      • How to apply
      • Help and resources
      • Priority areas for action
      • Glossary
    • Federal/Provincial/Territorial housing agreements
    • Other funding and financing opportunities
  • The Housing Observer
  • Careers
  • CMHC Library
 
  • Home
  • Professionals
  • Industry innovation and leadership
  • Industry expertise
  • Resources for mortgage professionals
  • Professionals who can help you with homebuying
  • Save page to My Folder
    Save
  • Share this page
    Share

Professionals who can help you with homebuying

The people you need to ensure you achieve your homebuying goals.

Save Icon

SAVE TO MY FOLDER

Professionals who can help you with homebuying

SAVE
Close this Window   |   Manage my Folder
Save Icon

SAVE TO MY FOLDER

Professionals who can help you with homebuying

Done Done!
Close this Window   |   Manage my Folder
Share icon

Share via

  • Facebook
  • LinkedIn
  • Mail
  • Twitter
  • print
Share icon

Share via

  • Facebook
  • LinkedIn
  • Mail
  • Twitter
  • print
share icon

Mail-blue Share via Email

Did You Know?

You can include an email signature?

Register | Sign In

×
Google Captcha Loader
share icon

Mail-blue Share via Email

Done Done!
Close this window

Because purchasing a home is probably the biggest investment you will ever make, you’ll definitely want a team of professionals working with you throughout the process.

The real estate agent

  • Helps you find the ideal home
  • Writes an Offer of Purchase
  • Negotiates on your behalf
  • Gives you important information about the community
  • Can help you plan the home inspection

The lawyer/notary

A lawyer (or a notary in Quebec) protects your legal rights. He or she will review all contracts before you sign them, especially the Offer (or Agreement) to Purchase. Remember that a lawyer/notary should:

  • Be a licensed, full-time lawyer/notary
  • Be local and understand real estate laws, regulations and restrictions
  • Have realistic and acceptable fees
  • Be able to explain things in plain language

The home inspector

  • Performs an inspection of the visible components of the home
  • Tells you the condition of the house; what is working properly; what needs to be changed; what is unsafe; and what repairs need to be made
  • Can tell you where there may have been problems in the past
  • Usually belongs to a provincial or industry association

The insurance broker

Helps you with your insurance needs, including:

  • Property insurance to cover the replacement cost of your home
  • Mortgage life insurance to protect your family should you die before your mortgage is paid off

The lender or mortgage broker

Lenders — banks and credit unions — lend money for mortgages and assist you during the process of buying your home.

Mortgage brokers don’t work for any specific lender. Their role is to find a bank or credit union with the terms and rates that best suit you.

The appraiser

An independent appraisal tells you what your home is worth and helps ensure that you aren’t paying too much. Appraisals should include:

  • An unbiased assessment of the property’s characteristics
  • An analysis of recent sales of similar homes in the area
  • An assessment of current market conditions affecting the property

The land surveyor

A land surveyor might be needed if the seller does not have a Survey or Certificate of Location, or if the Survey is more than five years old. A survey is a detailed drawing and explanation of the property which you are buying. Your real estate agent can help you find a land surveyor to have this completed.

The builder/contractor

If you are building a new home, or renovating an existing home, you will need a builder or contractor. What to consider:

  • References from previous homeowners who have used the builder or contractor
  • Check with the New Home Warranty program in the area (if applicable)
  • Other housing developments built by the builder or contractor
  • Membership in a local homebuilder’s association

For more homebuying tips, visit CMHC's interactive Step by Step Guide at www.cmhc.ca. CMHC is Canada's largest provider of mortgage loan insurance, helping Canadians buy a home with a minimum down payment starting at 5%. Ask your mortgage professional about CMHC.

The information is provided by CMHC for general illustrative purposes only, and does not take into account the specific objectives, circumstances and individual needs of the reader. It does not provide advice, and should not be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. Neither CMHC and its employees nor any other party identified in this Article (Lender, Broker, etc.) assumes any liability of any kind in connection with the information provided. CMHC stakeholders are permitted to distribute the materials at their expense. The above mentioned stakeholder organization is responsible for the distribution of this document.

By Topic
  • Professionals
  • Project funding and mortgage financing
  • Housing markets data and research
  • Industry innovation and leadership
  • Events and speakers
  • Consumers
  • Home buying
  • Owning a home
  • Renting a home
About Us
  • CMHC's Story
  • Management and Governance
  • Partnerships
  • Corporate Reporting
  • Contact Us
  • Careers
More
  • CMHC e-Newsletters
  • CMHC Library
  • Housing Observer Online
  • Media Newsroom
  • CMHC on Twitter
  • CMHC on LinkedIn
  • CMHC on Facebook
  • CMHC on Instagram
  • CMHC on YouTube
Privacy Policy    |    Terms and Conditions    |    Transparency     Canada Mortgage and Housing Corporation (CMHC) ©2021 
Canada
loader icon