Home Buyer Readiness Quiz

Discover in just 60 seconds if you're ready to buy a home in Canada. This quick assessment helps you understand where you stand.

No credit check required. No documents needed. Just honest answers.

Question 1

What best describes your employment?

Your employment type helps us understand your income stability.

Employment Status *

Full-Time Employee — Steady paycheck with benefits

Part-Time Employee — Regular hours, flexible schedule

Self-Employed (2+ years) — Established business history

Self-Employed (<2 years) — Growing business venture

Contract Worker — Project-based income

Newcomer to Canada — New to Canadian workforce

Unemployed / Between Jobs

Question 2

What is your total monthly income (before tax)?

Include all regular gross income sources.

Monthly Income *

Under $3,000 — Entry-level range

$3,000–$5,000 — Moderate income

$5,000–$8,000 — Solid earnings

$8,000–$12,000 — Strong income

Over $12,000 — High earner

Question 3

Do you know your credit score?

Your credit score impacts mortgage rates and approvals.

Credit Score Range *

740+ — Excellent

680–739 — Very good

600–679 — Fair (may need to improve)

Below 600 — Needs work

Not sure — We can help you check

Question 4

How much do you have saved for down payment?

A larger down payment reduces monthly mortgage costs.

Down Payment Saved *

< $10,000 — Starting to save

$10,000–$30,000 — Good foundation

$30,000–$70,000 — Strong position

$70,000–$150,000 — Excellent savings

> $150,000 — Premium down payment

Question 5

How much do you pay monthly toward debts?

Lenders use debt-to-income ratios. Lower debts increase borrowing power.

Monthly Debt Payments *

$0 — Debt-free position

< $300 — Minimal debt

$300–$700 — Manageable level

$700–$1,500 — Higher debt, may impact approval

> $1,500 — Significant debt, needs attention

Question 6

What do you currently pay in rent?

Your rent payment indicates what housing costs you can handle.

Current Rent *

< $1,500

$1,500–$2,000

$2,000–$2,800

$2,800–$3,500

> $3,500

Question 7

When would you like to purchase?

This helps prioritize next steps and financing timeframe.

Timeline *

ASAP (0–3 months)

3–6 months

6–12 months

Over 1 year

Just exploring

Question 8

Are you a first-time buyer?

First-time buyers may qualify for special incentives.

FirstTimeBuyer *

Yes — Eligible for first-time buyer programs

No — Previous ownership experience

Not sure — We'll help determine

Question 9

What is your residency status?

Residency affects available mortgage programs.

Residency affects available mortgage programs. *

Citizen — Full access to programs

Permanent Resident — Same options as citizens

Work Permit — Eligible with valid authorization

Study Permit — Limited options, higher down payment

Visitor — Special lender requirements apply

Newcomer — Specialized programs available for you

Question 10

Where would you like to buy?

Location changes prices and program availability.

Preferred Location *

Toronto

Etobicoke

Mississauga

Greater Toronto Area

Ontario (other)

Alberta

British Columbia

Not sure / Still exploring

Contact Info

You could enter your details to receive results.

We'll send your personalized readiness report right away. Your information is secure and confidential.

Full Name

Phone

Email

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