Home Buyer Readiness & Preferences Checklist

Home Ownership & Living Situation

Is this your first home purchase?

Are you currently renting?

If yes, have you signed a lease?

When does the lease term end?

Do you currently own a home?

Will you need to sell it to use the proceeds for your next purchase?

Financing & Deposit

Have you been pre-qualified or pre-approved for a mortgage?

Can you access funds quickly to cover a deposit once you’re ready to make an offer?

If you are a non-resident of Canada, do you have sufficient funds in a Canadian bank account to cover your down payment?

In whose name(s) will you be purchasing the property?

Lifestyle Considerations

Do you require easy access to any of the following?

Public transportation

Schools

Shopping

Condominium Considerations (if applicable)

Would a “no pets allowed” policy be an issue?

Do you require designated parking?

Is a storage locker necessary?

Potential Deal Breakers

Would any of the following discourage you from purchasing a property?

Urea formaldehyde foam insulation (UFFI)

Vermiculite insulation (may contain asbestos)

Aluminum wiring

Swimming pool

Backing onto a train track or major road

Close proximity to:

Hydro towers

Wind turbines

Ongoing or upcoming construction/development

Commercial or industrial zones

Additions or renovations done without proper permits

A secondary suite (apartment) that may not meet local zoning or safety regulations

Hot water or baseboard electric heating

A heritage-designated property

Evidence of pets previously living in the home

Psychological Stigmas

Would any of the following affect your willingness to purchase a property?

Known criminal activity (e.g., marijuana grow-op)

Natural death on the property

Suicide or murder on or in the property

Alleged paranormal activity

Neighbourhood factors (e.g., group home, daycare center, etc.)

Must-Haves or Deal-Breakers

Are there any specific must-haves or must-avoids that would influence your decision to buy?

PDF - https://drive.google.com/file/d/1USPKP65jkw-drvr62CnJqNHcJ9WXx47y/view?usp=drive_link