Your Forever Tools
Everything You Need, In One Place
Here you’ll find the essential tools you need — from buyer and lease forms to calculators and closing resources. Everything is organized in one place so you can move forward with clarity, confidence, and support at every step.
Buyer Form
Tell us what you're looking for, and we'll help you find it.
Rental Application
The standard rental application
Lease Form
Get faster responses.
Mortgage Calculator
Find out your mortgage payment.
Land Transfer Tax
Taxes to expect on closing.
Closing Costs Calculator
Costs you can expect on closing.
Mortgage Basics for Ontario Buyers
What a Down Payment Really Does Your down payment is your upfront stake in the property — the portion not covered by financing. Ontario's minimum sits at 5% of the purchase price, and while putting down more reduces your monthly carrying costs, stretching too thin to hit a bigger number isn't always the smarter move. Keeping some financial breathing room matters more than hitting an arbitrary percentage.
When CMHC Insurance Comes Into Play Any down payment under 20% triggers a requirement for mortgage default insurance, most commonly through CMHC. It exists to protect the lender, but the upside for buyers is real too — it's what makes financing up to 95% of a purchase price possible in the first place. The tradeoff is a higher premium the smaller your down payment gets.
Choosing How Often You Pay Most lenders offer monthly, bi-weekly, or accelerated bi-weekly payment structures. The accelerated option effectively adds one extra payment a year without you noticing much difference in cash flow, which can shave real time and interest off your amortization. Worth a conversation with your lender about which rhythm fits your income.
Paying Down Faster Without Penalty Most Canadian mortgage agreements include some form of prepayment privilege — the ability to make extra lump-sum payments or bump up your regular payment amount once a year, penalty-free. It's easy to overlook, but using this option consistently can cut years off your mortgage and save meaningfully on interest.
Fixed or Variable — What Actually Matters A fixed rate locks in payment certainty for the length of your term; a variable rate floats with the market, offering potential savings in exchange for less predictability. Neither is universally "better" — it comes down to your risk tolerance and how closely you want to track rate movements. A mortgage specialist can walk through real scenarios with you before you commit either way.
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I’ve had the best experience with Sonny and his team. I am very impressed. They are my go to when buying/selling real estate. Professional and hard working. They go above and beyond for their clients and even afterwards. They deserve more than 5 stars and will definitely recommend them. Thank you guys!
Makhinda Borreta
© 2026 Capital Forever Real Estate Inc., Brokerage. Independently Owned & Operated. All rights reserved. All listing information is provided by sources deemed reliable; however, no representation is made as to its accuracy or completeness, and all information should be independently verified.
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