As a newcomer, purchasing your first home in Canada is a key milestone. If you’re planning to buy a house soon, you’ll need to save for a down payment before you start exploring mortgage options.

In this video:
What is a down payment
How much down payment do you need to buy a house in Canada
Tips to save for a down payment
Other upfront costs while buying a home
Borrowing from your RRSP or TFSA to purchase your first home
First-Time Home Buyer Incentive

For more information on saving for a down payment on your first home in Canada, visit 👉

Looking for more FREE resources on housing in Canada:

➡️ Newcomer’s guide to accommodation in Canada:

➡️ Cost of Living in Canada Calculator:




Things our lawyers want you to know….
This content offers general information only and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or its affiliates.


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