As a first-time homebuyers in Canada, you have many options and incentives to help you achieve your dream of owning a home.

What is a First-Time Homebuyer?
In Canada, you’re considered a first-time homebuyer if: You’ve never purchased a home before. You haven’t lived in a property you or your spouse/common-law partner owned in the last four years. You’ve recently experienced a separation or divorce.

Benefits and Incentives for First-Time Homebuyers 
The insured mortgage limit is $1.5 million.
The minimum down payment is 5% on the first $500,000 and 10% on the portion between $500,000 and $1.5 million.

The Home Buyers’ Plan (HBP) allows you to withdraw up to $60,000 from your RRSP tax-free to use toward your down payment.
The First-Time Home Buyers’ Tax Credit allows you to claim a $10,000 non-refundable tax credit, resulting in a rebate of up to $1,500.

The GST/HST New Housing Rebate allows you to recover a portion of the GST/HST paid on newly constructed or substantially renovated homes.
The extended 30-year amortizations for first-time homebuyers reduces your monthly payments and helps increase affordability.

Key Steps for First-Time Homebuyers
Understand your homebuying budget by letting our team review your income, expenses, and savings to determine how much you can afford. We can help you estimate your monthly payments, including your down payment and closing fees.

Check out our Mortgage purchasing calculator here

Start saving for a down payment with a maximum of $125,000 needed for an insured purchase of a home of under $1.5 million dollars.

Let us pre-approve you for your potential new purchase. Our team will help you understand your borrowing capacity, lock in an interest rate for up to 120 days, and strengthens your offer when bidding on a home.

Explore your mortgage options by letting us help you decide between a fixed and variable product and consider your preferred term and amortization period to align with your financial goals.

Work with trusted professionals such as real estate agents, appraisers and lawyers to guide you through every step of the home-buying process.

How We Help First-Time Homebuyers
Our team specializes in helping first-time homebuyers navigate the updated mortgage rules and access the programs that make homeownership more affordable. We provide:
Expert Guidance: From pre-approval to closing, we simplify the process.

Access to Incentives: We’ll help you take advantage of tax credits, government programs, and rebates.
Tailored Solutions: We match you with the right mortgage product for your unique needs.

Take the First Step Today
The path to owning your first home has never been more accessible. With updated rules, increased affordability, and our expert support, your dream of homeownership is within reach. Contact us today to learn more and get started!