Buying a condo in the Tri-cities?

Getting a mortgage shouldn’t be hard. We’ve complied some information to help you get started on your condo purchase.

The Kitchener-Waterloo condo market

With over 1 billion dollars in active condo building permits, the skyline of KW is changing rapidly. Over 1000 new units will be available in the next 2 to 4 years. However, the KW population is growing faster than construction can keep up. Interest rates are falling, demand is growing, now is a great opportunity to invest in a condo purchase.

1. Discover how much you can afford

Evaluating your finances will help you stay on budget and better align your future purchase with your lifestyle.

  • Use our online tools and determine your budget in under 2 minutes. Click here to get started.
  • Need help or want a second opinion? Working with our mortgage professionals is usually free.*

2. Understand your deposit structure

Buying a condo has slightly different requirements compared to buying a house. Understand how much you owe and how often.

  • Deposit structures vary widely between builders. Your mortgage broker or real estate agent will help you with down payment options.
  • Continue saving. Not all of the down payment is due at once, this is a great opportunity to reduce your mortgage size.

3. Start shopping for your dream condo

Looking for an unbiased opinion? We work with buyers with budgets of every size. Our goal is to help you find the home of your dreams.

  • Financial transparency is key. We break down all the numbers so you can better understand your purchase.
Buying a condo can be a stressful process. Meet with our legal team in the comfort of your home. Our transparent practices empower you to make the best buying decisions. Let us show you how technology sets us apart from the rest of the legal industry.

—Iryna Romanova

Associate Lawyer
Nexera Law Group

Benefits of condo ownership in KW

With the population of the KW region projected to hit 750,000 in 2021 (that’s only 2 years away) and the advancements with ION light rail transportation, Kitchener-Waterloo is fast becoming the city to build careers, start families, and enjoy luxury at your fingertips.

Convenience

With amazing restaurants, craft breweries, and shopping at your door step, owning a condo is all about living your best life. Let’s make it even better, from the comfort of your couch.

An investment to match your lifestyle

With housing and condo pricing consistently gaining value year-over-year, let’s start thinking about where you’ll be in 3 years. Buying a condo is not only about investing in the present, your future self will thank you.

the kitchener waterloo skyline

Live in a booming tech hub

With amazing job growth, world class universities and an array of art and leisure activities, there is a reason we are the cornerstone of the tech corridor.

Need a helping hand?

Have questions about how to get started? Call or email. Our experts will guide you through the process.

Danielle Grundy

Danielle Grundy

Credit Fulfillment

Are you a first time home buyer?

Buying your first home or condo can seem intimidating, we have tools, strategy, and a team of mortgage professionals designed to help you make the right decisions. Learn more about the advantages of being a first-time home or condo buyer. Did we mention working with our team is almost always free?* Read what our clients have to say about us.

Fixed Rate

5-Year Closed

2.59%

Variable Rate

5-Year Closed

2.85%

Our Monthly Newsletter can save you thousands

* Champion Mortgage services are almost always free. However, additional fees such as (legal, lender penalty, appraisal and discharge fees, etc.) may apply. Applicants with good credit often face zero fees. On accepted credit. Mortgage rates vary based on your credit score, assets, liabilities, down payment ratio, and a number of other factors. The best way to determine your true pre-approved rate is to call us at 1-877-341-1299.