10 steps to affording a home

Buying a home doesn't have to be a chore

Find your dream home and enjoy a totally stress-free homebuying process with our carefully designed programs and partners. All it takes is five easy steps, and then start packing.

Step 1

Be budget smart

When it comes to budgeting, it’s important to set a realistic budget - and stick to it. Your budget should account for everything - the down payment, mortgage as well as expenses like utilities, property taxes, and maintenance. When you’re budget smart, you won’t overextend yourself and can have more wiggle room for the things you love.

Step 2

Improve your credit score

Your credit score is how banks and lenders assess you when it comes to buying a home. Before you apply, make sure you pay your bills on time and reduce debt to improve your score. This will also help you get lower interest rates, which can significantly reduce mortgage payments.

Step 3

Get down payment assistance

We make it easier for you to own, including payment flexibility and the option to stagger deposits or defer down payments. It’s just another way to get you into your dream home, faster.

Step 4

“Right feature” your home

Buying and building a home is exciting, but you can get in over your head with features you can’t afford or aren’t necessary for your lifestyle. That’s where our support and expertise really shines. We understand your needs, deliver value and help you choose options that make the most sense for you.

Step 5

Take advantage of government incentives

Several government programs recently launched that you may qualify for. From the homebuyers plan expansion, First Home Savings Account and 30-year-mortgages to The Canadian Mortgage Charter and repayment grace periods, there are options available to make your dream a reality.

Step 6

Take advantage of free listing programs

Have a home to sell? Work with us!Hopewell has preferred Realtor partners who will market and sell your home - and even better, when you work with them, we’ll pay your legal fees! That could add up to thousands of dollars in savings. Click to meet our Realtor partners here.

Step 7

Cut down on closing costs

There are many costs throughout the buying process, including closing costs. When you use our preferred lender and lawyer, you’ll save thousands in closing costs. It’s all built into the Hopewell experience.

Step 8

Find the right mortgage partner

Buying a new home is a big deal, so make sure you find mortgage solutions that will best suit your needs. Our mortgage partners have a lot to offer too. Self-employed, first-time buyer, new to Canada or have a specific bank you want to use? Fear not! We have a partner for you. And, if you work with one of them, we’ll give you $500 off your new home.

Step 9

Buy a home that earns money

A legal basement is a great way to make your home more affordable - and we have many options for you to explore, including one or two bedroom layouts that are perfectly planned for future renters. Click to see our plans, and optimize your rental possibilities.

Step 10

There’s an incentive for every buyer

Many programs are available to make homeownership more attainable by offering financial benefits and support to certain buyers. These incentive programs often include down payment assistance, tax credits, and grants to reduce the upfront costs of purchasing a home.

Partner with Us

Get more out of your homebuying support from one of our trusted partners.

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Homebuying Tips
How to Choose a Mortgage Rate!

If you're unsure about which mortgage rate to choose, Hopewell can guide you through the process, offering insights into the benefits of Fixed versus Variable Mortgage Rates and connecting you with specialists for personalized assistance.

Home Updates
Mortgage News!

Starting April 11, 2024, the Canadian Mortgage Charter will enhance home buying by increasing the Home Buyers' Plan limit to $60,000 and introducing 30-year amortizations for first-time buyers of new homes, potentially lowering monthly mortgage payments.

Events and Promos
Mortgage News!

Starting April 11, 2024, the Canadian Mortgage Charter will ease home buying by increasing the Home Buyers’ Plan limit to $60,000 and offering 30-year amortizations for first-time buyers of new homes, potentially lowering monthly mortgage payments significantly.