Your step-by-step digital co-pilot to navigate the complex Canadian home buying process. Educate yourself, simulate detailed financial scenarios, match with pre-vetted real estate agents, and receive cash back.
Hausee is built specifically for middle-class Canadian buyers looking to purchase a property with absolute financial clarity and guidance. Traditional home buying search engines are transaction-focused, pushing buyers directly onto realtors. Hausee offers an education-first approach including:
Is renting and investing in stock portfolios superior to buying a home in major Canadian cities like Toronto, Vancouver, Calgary, Ottawa, or Montreal? Our simulator evaluates precise variables over your planning horizon (from 1 to 30 years):
Getting matched with high-performing, hyper-local realtors shouldn't be arbitrary. Hausee Select matches buyers with top-producing agents who propose personalized concierge structures, special commissions, and up to thousands in real estate cashback rebates upon closing.
Our agents compete for your partnership, giving first-time buyers leverage to secure rebates that help offset expensive Canadian land transfer taxes and moving costs.
The standard minimum down payment depends on the home's purchase price. For properties priced at $500,000 or less, the minimum is 5%. For properties between $500,000 and $999,999, you need 5% on the first $500,000 and 10% on the remaining portion. For homes priced at $1,000,000 or more, a flat minimum down payment of 20% is required.
CMHC mortgage loan insurance (or high-ratio mortgage insurance) is legally required in Canada if your down payment is less than 20% of the purchase price. It protects lenders in case of default and allows buyers to secure a mortgage with lower interest rates. The premium scale ranges from 0.6% to 4.0% of the loan amount and is typically added to your total mortgage balance.
When you buy a home, the seller typically pays a commission (often 4% to 5%) which is divided between the seller's agent and your buyer agent. A cashback rebate is when your cooperating buyer agent agrees to share a portion of their commission directly with you after closing. This helps reduce your out-of-pocket closing costs and can save you thousands of dollars.
Canadian home buyers should budget 1.5% to 4% of the purchase price for closing costs. These typically include Land Transfer Tax (provincial and municipal where applicable, e.g. Toronto), real estate legal fees, home inspection costs, title insurance, property tax adjustments, and moving expenses. First-time home buyers may qualify for full or partial land transfer tax rebates.
Read comprehensive, indexable analysis on major Canadian real estate queries. Backed by RECO and provincial guidelines: