When you are considering buying a home, one of your first steps will be shopping for a mortgage. You will want to choose a lender who can offer you a low interest rate, with the term, benefits and restrictions that will work best for you.
It is a good idea to talk to your bank or a mortgage broker about being pre-approved for a mortgage so that once you find your dream home, you can bid with confidence and avoid problems and disappointment later. As your Real Estate Agent, I would be happy to offer you advice on how to get started with this process.
You can enter the price you anticipate paying for a home in the mortgage calculator below, along with the yearly property taxes and the CMHC mortgage insurance you might be required to pay (if your downpayment is less than 20%), in order to determine what your monthly mortgage payment might be.