Looking to buy a home? Get house smart with CMHC!


Buying a home is one of the biggest decisions you’ll ever make – yet, once you’ve decided what you need in a home, and where you want to live, there are still many unanswered questions: What can you afford? What legal and administrative steps do you have to take?


As Canada’s national housing agency, Canada Mortgage and Housing Corporation (CMHC) is a trusted source of housing information. Canadians can look to CMHC for timely, relevant and reliable information to help them, make informed housing decisions.

CMHC’s website (cmhc.ca) offers valuable information on buying, owning or renting a home, and here are some very useful links: 


Homebuying Step by Step

In plain language, the five-step guide helps you answer such important questions as: Is homeownership right for you? Are you financially ready? Which home is right for you? What happens in the homebuying process? What happens once you are a homeowner? The guide is packed with easy-to-use worksheets that can help you calculate essential items from your net worth to your budgets before and after the purchase, and keep track of house features and key contacts while you look for a new home.

CMHC’s flagship guide to homebuying has helped millions of Canadians ensure that they cover all the bases when deciding to become homeowners, making the purchase, and settling into their new homes.


Online Calculators

How to fit homeownership into a monthly budget can be a challenge for anyone: even if your math skills are good, it’s hard to be sure that you’re taking everything into account.

CMHC’s online calculators can help you find out what kind of mortgage you can comfortably afford, estimate how your down payment will affect your loan insurance premium, and compare your monthly debt and housing-expense payments with your monthly income.


Mortgage Loan Insurance

What is Mortgage Loan Insurance? Mortgage loan insurance is typically required by banks when homebuyers make a down payment of less than 20 per cent of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment of 5 per cent — with interest rates comparable to those with a 20 per cent down payment. Learn more about your options on the CMHC website.


Programs and Financial Assistance


To help, CMHC works with its government, industry, and non-profit partners to improve access to affordable housing for these Canadians.It also includes approximately $240 million toward new and existing affordable housing through the Investment in Affordable Housing (IAH). The IAH gives your provincial or territorial government the flexibility to provide affordable housing programs that meet your community’s housing needs.


Accessible and Adaptable Housing

Canadians are becoming more aware of the need to better accommodate seniors and people with disabilities. Our fact sheets, check lists and guides show you ways to adapt your new or existing home to meet your changing needs.




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