First-Time Home Buyer Mortgage

Government Programs & Incentives For Home Buyers

5% Down Payment Program Available
Access Exclusive Home Buyer Tax Credits
Fast Digital Pre-Approval with Lowest Rates

Apply Now For Instant Approval

Property Value

Amount Required

First-Time Home Buyer Mortgage Solutions

Buying your first home is a major financial milestone, and choosing the right mortgage structure is crucial for your long-term financial security.
While many first-time buyers plan to stay in their home for at least five years, circumstances can change. That is why evaluating mortgage portability—the ability to transfer your current interest rate and loan balance to a new property—is essential from day one.

Seamless Property Transfer: Transfer your existing mortgage terms to a new property without paying heavy prepayment penalties.
Rate Protection & Savings: Preserve your low fixed or variable interest rate even if market interest rates rise in the future.
Extended Closing Timelines: Secure flexible closing windows (minimum 60 to 90 days) when selling your current home and transitioning into your next property.

Canadian Mortgage Regulations

Understanding Minimum Down Payment Tiers

Down payment requirements vary based on home valuation. Here is how your minimum down payment is calculated for a typical $700,000 purchase.

5% Minimum Down Payment Eligibility

For homes priced up to $500,000, Canadian guidelines require a minimum 5% down payment. Any amount between $500,000 and $999,999 requires 10% on the portion above $500k.

Starting Down Payment Requirement for Homes Under $500K

01 5% on the First $500,000

$25,000

02 10% on Remaining $200,000 Balance

$20,000

✓ Total Minimum Down Payment Required

$45,000

BOOK A CONSULTATION

Tailored Financial Strategies

Smart Mortgage Structures for First-Time Buyers

Every home buyer's financial journey is unique. Explore our flexible mortgage options designed to maximize savings and future peace of mind.

Maximum Flexibility

Mortgage Portability

Planning to upgrade or move within the next 5 years? Portability allows you to transfer your existing mortgage balance and interest rate directly to your new home without incurring heavy penalty fees.

Avoid early contract break penalties
Retain your low locked-in interest rate

Lowest Interest Rates

Low-Frills Mortgages

If you plan to stay long-term and don't intend to refinance early, low-frills mortgages offer discounted interest rates by stripping away complex features you won't need.

Deeply discounted interest rates
Ideal for steady, long-term homeowners

Budget Certainty

5-Year Fixed Rate Savings

The most popular choice for first-time buyers seeking rate stability. Lock in a consistent monthly payment for 5 years to protect your budget against market inflation and rising interest rates.

Guaranteed predictable monthly payments
Zero exposure to market interest rate spikes

Balanced Strategy

Hybrid & Capped Mortgages

Combine the savings of variable rates with the security of fixed payments. Enjoy lower variable interest rates while setting a maximum payment cap to protect your budget if rates climb.

Capped rate protection against sudden rate hikes
Easier long-term financial budgeting

Steps & Process

Easy Approval Process

1. Initial Conversation

Connect with our mortgage specialists to discuss your goals, financial background, and budget requirements.

2. Digital Application

Complete our quick & secure online form with key details to initiate rate assessment and option matching.

3. Fast Pre-Approval

Receive your tailored pre-approval letter and lock in low interest rates with complete confidence.

Choose Your Service

Why You Should Choose Barex Capital Group

Trusted Advice Tailored for Every Borrower

Borrowers

When we say YES! We stand behind our promise
Mortgage solutions tailored to your unique needs and qualifications
Fast approvals and seamless, hassle-free closings
Save valuable time and lower your overall borrowing costs
Lower mortgage rates due to exclusive lender discounts and promotions
Fully licensed, highly knowledgeable, and experienced specialists
Proactive guidance designed to protect and build your credit score

Free Quote

Feel Free To Ask Any Questions

info@barexcapitalgroup.com +1 647 740 0280

267 Matheson Blvd , E , Unit # 3 . Suite # B . Mississauga Ontario - L4Z 1X8