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FIRST-TIME HOME BUYER

Buy your first home with confidence

We’ll answer your questions and walk you through the mortgage process, step by step.

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Three steps to your first home

Browse articles, use calculators and watch videos to learn about buying your first home.

Step 1: Get prepared

Be in the know before buying a home.

ADVICE

How much can I afford?

Jar filled with coins.

aDVICE

How much do I need for a down payment?

tools

Mortgage affordability calculator

Rent vs. own calculator

RESOURCE

Find out what you need to know about Canada’s new mortgage rules.

ADVICE

Should I buy or rent?

Houses with buildings in the background.

ADVICE

Buying a home. A guide to help you get started. (PDF, 6 MB)

Step 2: Shop for your first home

Build your home shopping to-do list.

ADVICE

What are the extra costs of buying a home?

Hand inserting money into the roof of a house.

Advice

Required mortgage documents checklist (PDF, 70 KB)

Advice

What should I look for in a home?

Advice

What should I be aware of when buying a home?

Tool

Mortgage selector

Play video Smart budgeting (0:40).

Smart budgeting (0:40)

Read transcriptRead transcript for video Smart budgeting.

Play video On the hunt (0:40).

On the hunt (0:40)

Read transcriptRead transcript for video On the hunt.

Step 3: Buy your first home

Confirm the final details and become a homeowner.

Piece of paper and pen.

ADVICE

How do I finalize my mortgage agreement?

Tool

Mortgage payment calculator

ADVICE

What are my mortgage payment options?

ADVICE

How do I make an offer?

ADVICE

New home buying checklist (PDF, 220 KB)

Our featured rates

4-year fixed

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(APR RDS%rate[5].FRCM.Published(4_null_null_Years_T,null,2,null)(#R#)%)

7-year fixed

RDS%rate[5].FRCM.Published(7_null_null_Years_T,null,18,null)(#R#)%

(APR RDS%rate[5].FRCM.Published(7_null_null_Years_T,null,2,null)(#O2#)%)

All mortgage rates

Get started

Get pre-approvedGet pre-approved for a CIBC mortgage.

Find a Mobile Mortgage AdvisorFind a Mobile Mortgage Advisor. Opens a new window in your browser.

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Call us: 1-866-525-8622 Apply onlineApply online for a CIBC mortgage. | Meet with usMeet with us. Opens a new window in your browser.

Questions?

Top mortgage questions Opens a new window in your browser.

Frequently asked questions

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