5 Things Every First-Time Home Buyer in Toronto Must Know in 2026

Buying your first home in Toronto is one of the biggest decisions of your life. Here are 5 essential things you must know before you start.

1. Get Pre-Approved First Before you fall in love with a home, know your budget. A mortgage pre-approval tells you exactly how much you can borrow and shows sellers you are a serious buyer.

2. Understand Closing Costs Many first-time buyers forget about closing costs — typically 1.5% to 4% of the purchase price. This includes land transfer tax, legal fees, and home inspection costs.

3. Use the First Home Savings Account (FHSA) The Canadian government allows first-time buyers to save up to $40,000 tax-free toward their first home. Take full advantage of this program.

4. Work With a Local GTA Expert The Toronto market moves fast. Working with an experienced local agent like Khaled Al Radwan means you get access to listings first and expert negotiation on your behalf.

5. Think Long-Term Choose a neighborhood based on your future needs — schools, transit, amenities. Areas like North York, Scarborough and Mississauga offer great value in 2026.

Ready to start your home buying journey? Contact Khaled Al Radwan today at +1(647) 928-6461 or visit trapoly.com.