First Time Home Buyers

Without the proper guidance purchasing your first home can be an intimidating task. This is why we feel it is important to educate and provide you, a First Time Home Buyer, with the information and resources that you need, in order to feel confident when making an offer.

As a first time buyer you are eligible for a number of products and programs offered by the government:

Home Buyers Plan

The Home Buyers Plan allows first-time buyers or eligible individuals to withdraw up to $25,000 TAX FREE from their Registered Retirement Savings Plan (RRSP) to purchase or build a qualifying home.

Land Transfer Tax Rebate

If you buy land in Ontario, you must pay Ontario’s land transfer tax. However, if you have never owned a property in your lifetime you qualify for the Land Transfer Tax Rebate. The maximum amount of the refund is $2,000.

Home Buyers Tax Credit

The Home Buyers Tax Credit was put in place to assist first time buyers with costs associated with the purchase of a home, such as legal fees, disbursements etc. The non-refundable Home Buyers Tax Credit provides up to $750 in federal tax relief.

Our Team of Mortgage Specialists

We have a team of mortgage specialists who serve Hamilton, Burlington, Brantford, Cambridge and the surrounding communities. We know these cities because we live there, and so we advocate for first time home buyers in these communities and help you get the best mortgage rates available.

Learn more about our Mortgage Brokers