Properties Under
$1 Million

Explore properties in Ontario from the comfort of your home

Explore Properties In Ontario
Under $1 Million

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For many, buying a home is the biggest purchase of their lives. Understanding the home buying process in Ontario is crucial for avoiding unnecessary stress and uncertainty. We all know that the Ontario real estate market is booming but also has the lowest inventory ever recorded. Here are 4 things to consider while purchasing a home under $1 million in Ontario: 

1. Saving for a down payment 

If you’re a first-time home buyer in Ontario, you need to collect only 5% down payment for homes under $500,000. For more that are over $500,000 but under $1 million, you’ll need 5% down payment for $500,000 and 10% on the amount after $500,000. However, if you put a 20% down payment, you’ll enjoy more flexibility while purchasing a house or condo in Ontario.

2. Getting pre-approved for a mortgage

As a real estate agent and mortgage broker in Mississauga, I can’t emphasize enough on getting pre-approved. By showing a pre-approval, you can make the seller feel confident in accepting your offer. Another advantage of a pre-approved mortgage in Mississauga is that you know exactly how much you can afford. 

Get Pre-Approved in Just 24 Hours

3. Building your credit score 

Lenders consider your credit score as a tool to calculate your risk factor. However, not having a good credit doesn’t mean you can’t purchase a home. I work with dependable and reputable B lenders and private lenders that can give you up to 85% of the property value as loan. Before you even consider buying a home, try paying off any debt that you can. Lower the debt, higher are your chances of approval. 

4. Estimating closing costs 

In Ontario, your closing cost will be anywhere between 3-5% of the purchase price. These include land transfer tax, legal fees, property survey, home inspection, and appraisal fees among others. 

Check Out: Latest Pre-Construction Properties in Ontario

 Like always, I am here for all your real estate needs. Please reach out to Realtor Ose Ainabe, top realtor in Mississauga via email or phone +1 647-761-5237. 

Free Mortgage Calculator

Use this tool to calculate your home-buying budget, interest rate, and monthly mortgage payments.


Ose is informative, professional, and very attentive. As first-time home buyers, we wanted a real estate agent who would answer our questions and doubts. He always picked up our calls and even though our offers kept getting outbid, he kept our spirits high. Thank you for helping us buy our new home.

Steve A

It was a pleasure working with Ose. He is very knowledgeable, which made the process stress-free for me. I was initially misinformed and thought that my budget was not going to get me a home. But Ose exposed me to all the mortgage products and today I am a proud homeowner. Thank you Ose.

Patrick O

We had an amazing experience working with Ose to buy our first investment property in Bowmanville. He was more than patient in answering our questions. Couldn’t have asked for a better real estate agent and mortgage broker to work with.

Dipo O

Contact Realtor Ose Ainabe