How much is your downpayment? If your downpayment is less than 20% of the purchase price, you will need to know what your CMHC premiums are.
What is the maximum mortgage you are pre-approved for? Make an appointment to see your mortgage representative and find out.
How much can you pay towards your mortgage on a monthly basis? Don't forget to include your property taxes. And if you are purchasing a condo, make sure you also account for the monthly maintenance fees.
What are the costs involved when you buy a home? Costs like lawyer fees, home inspection costs, land transfer taxes, appraisal fees (if applicable), etc...
It helps to be prepared before you buy!
