Purchasing your first home in Markham is one of the most significant financial decisions you'll ever make. Michael John Lau and Neeraj Moolchandani help first-time buyers confidently purchase across Markham's most in-demand neighbourhoods — Unionville, Cornell, Greensborough, and Box Grove.
The Markham real estate market operates differently from smaller Ontario markets. Detached homes, townhomes, and condominiums in Markham attract competitive offers, and first-time buyers who are not prepared risk losing properties to more experienced purchasers. Michael John Lau and Neeraj Moolchandani work with first-time home buyers in Markham, Ontario to ensure they understand local market conditions before submitting a single offer.
The first step every first-time home buyer in Markham, Ontario must complete is obtaining mortgage pre-approval from a licensed Canadian lender or mortgage broker. Pre-approval tells you exactly how much home you can afford — and signals to sellers that you are a serious, qualified buyer.
Contribute up to $8,000/year (max $40,000 lifetime); contributions are tax-deductible.
Withdraw up to $35,000 from your RRSP toward a qualifying home purchase in Markham.
First-time buyers in Ontario receive a rebate of up to $4,000 on Ontario Land Transfer Tax.
A Government of Canada shared-equity mortgage designed to reduce monthly payments.
Michael John Lau and Neeraj Moolchandani connect first-time home buyers in Markham, Ontario with trusted mortgage professionals who specialize in first-time buyer financing.
Markham, Ontario contains a wide range of neighbourhoods — each with distinct character, price points, transit access, and community amenities. Michael John Lau and Neeraj Moolchandani help first-time home buyers identify which Markham neighbourhood best fits their lifestyle, daily commute, and long-term financial goals.
Heritage · Condos
Walkable community with Unionville GO Station access, Heritage Main Street, and condominiums in Downtown Markham. Strong long-term resale value.
Most Affordable
Markham's most affordable and rapidly growing community. Newer construction, modern layouts, proximity to Markham Stouffville Hospital and top-rated schools.
Trails & GO Access
Markham GO Station access, scenic trails, and a strong sense of community. Ideal for first-time buyers who work remotely or on a hybrid schedule.
Accessible Price Points
Newer detached and semi-detached homes at accessible price points. Proximity to Highways 404 and 407, modern finishes, growing infrastructure.
First-time home buyers in Markham, Ontario frequently underestimate the total cost of purchasing a home. Beyond the purchase price, buyers must budget for closing costs, government fees, and ongoing homeownership expenses. Michael John Lau and Neeraj Moolchandani provide every first-time buyer with a full cost breakdown before they submit an offer on any Markham property.
Calculated on the purchase price; first-time buyers receive a rebate of up to $4,000.
Typically $1,500–$3,500 for a residential purchase in Ontario.
Protects first-time buyers from title-related issues discovered after closing.
Strongly recommended for all first-time home purchases in Markham; typically $400–$600.
Required for all home purchases in Ontario with less than 20% down payment.
Often underestimated, particularly for buyers relocating to Markham from outside the Greater Toronto Area.
Ontario's minimum down payment scales with the purchase price — most freehold homes in Markham fall into the tiered middle bracket below.
| Purchase Price | Minimum Down Payment |
|---|---|
| Under $500,000 | 5% of the purchase price |
| $500,000 – $999,999 | 5% on the first $500,000 + 10% on the remaining balance |
| $1,000,000 and over | 20% of the purchase price |
Figures reflect current Government of Canada minimum down payment requirements and are subject to change. Confirm exact figures with your mortgage professional.
Purchasing your first home in Markham's competitive real estate market requires an experienced REALTOR® who understands local market conditions, neighbourhood dynamics, and offer strategy. Michael John Lau and Neeraj Moolchandani are trusted REALTORS® in Markham, Ontario with a proven track record of helping first-time home buyers successfully purchase homes across Unionville, Cornell, Greensborough, Box Grove, and every corner of the Markham real estate market.
Michael John Lau and Neeraj Moolchandani are experienced REALTORS® helping first-time home buyers purchase homes throughout Markham, Ontario. Contact Kaizen Real Estate Team to begin with full expert guidance — from pre-approval to closing day.