Frequently Asked Questions

Detached

Semi-detached

Townhouses (condo or freehold)

Condo apartments

Property value

Greater Toronto Area:

• Aurora: up to $2,000,000
• Brampton and Caledon: up to $1,750,000
• Markham, Mississauga, Oakville, Richmond Hill, and Vaughan: up to $2,250,000
• Toronto: up to $2,750,000
• Rest of the GTA: up to $1,500,000

Greater Vancouver Area:

• Burnaby and Richmond: up to $1,750,000
• North Vancouver and West Vancouver: up to $2,250,000
• Vancouver: up to $1,750,000
• FVREB: up to $1,250,000
• Rest of REBGV: up to $1,500,000

Greater Toronto Area:

• Aurora: up to $1,250,000
• Caledon and Richmond Hill: up to $1,000,000
• Markham, Mississauga, Oakville, and Vaughan: up to $1,750,000
• Toronto: up to $2,500,000
• Rest of GTA: up to $1,500,000

Greater Vancouver Area:

• Burnaby and Richmond: up to $1,750,000
• North Vancouver and West Vancouver: up to $2,250,000
• Vancouver: up to $1,750,000
• FVREB: up to $1,250,000
• Rest of REBGV: up to $1,500,000

Greater Toronto Area:

• Aurora, Markham, and Mississauga: up to $1,250,000
• Caledon: up to $1,000,000
• Oakville: up to $1,750,000
• Toronto: up to $2,000,000
• Rest of the GTA: up to $1,500,000

Greater Vancouver Area:

• Burnaby, Richmond, Vancouver, FVREB, and Rest of REBGV: up to $1,250,000
• North Vancouver: up to $1,500,000
• West Vancouver: Excluded

Greater Toronto Area:

• Durham: up to $750,000
• Halton: up to $1,250,000
• Peel and York: up to $1,000,000
• Toronto: up to $1,500,000

Greater Vancouver Area:

• Burnaby: up to $1,000,000
• North Vancouver: up to $1,500,000
• Richmond, FVREB, and Rest of REBGV: up to $750,000
• Vancouver: up to $1,250,000
• West Vancouver: Excluded

Age

No age restriction

No age restriction

Greater Toronto Area:

• If standalone without units on top or below:
  • No age restriction
• If stacked townhouse:
  • Built after 2000

Greater Vancouver Area: 

• If standalone without units on top or below:
  • No age restriction
• If stacked townhouse:
  • Built after 1990

Greater Toronto Area:

• Built after 2000

Greater Vancouver Area

• Built after 1990

Home features

• Greater Toronto Area:
• 1+ full bathrooms
• All:
• 2+ bedrooms above ground
• 1-acre lot size or smaller

• Greater Toronto Area:
• 1+ full bathrooms
• All:
• 2+ bedrooms above ground
• 1-acre lot size or smaller

• Condo townhomes and freehold townhomes, non-stacked:
  • Greater Toronto Area: 1+ full bathrooms
  • All other: 1+ full bathrooms and 1+ half bathrooms
  • 2+ bedrooms above ground
  • 1-acre lot size or smaller

• Stacked condo townhomes:
  • Not a studio (0 bedrooms)
  • Not a condo-hotel
  • Maint. fees <$1.10 / sq ft
  • Not leased at the time of closing
  • Not on the CMHC blacklist (i.e. able to be insured)

• Not a studio (0 bedrooms)
• Not a condo-hotel
• Maint. fees <$1.10 / sq ft
• Not leased at the time of closing
• Not on the CMHC blacklist (i.e. able to be insured)

Other restrictions

• Not in Dufferin County or Simcoe County
• Not in age-restricted communities
• Not in a flood zone
• Not used for grow-op
• Free of foundation issues
• Free of Masonite woodruff roofs
• Not leased at the time of closing
• Not on designated (or under dispute for designation) as First Nation reserves, Tribal Councils, political organizations and land covered by treaties
• Sale Assurance is not available in Anmore, Belcarra, Bowen Island, Egmont, Furry Creek, Galiano Island/Mayne Islane/Saturna Island, Gibsons/Langdale, Garden Bay, Halfmoon Bay, Keats Island, Lions Bay, Madeira Park, Mission, Pemberton, Roberts Creek, Sechelt, Whistler, or White Rock.