Many buyers do not realize how many incentives are available to help with their purchase. From first-time buyer programs to tax rebates, these can make a big difference.
The First Home Savings Account (FHSA) lets you save up to $40,000 tax-free toward your first home. The Home Buyers’ Plan (HBP) allows you to borrow from your RRSP to use for a down payment.
In Ontario, land transfer tax rebates can return thousands of dollars to eligible first-time buyers. Some municipalities also offer energy-efficiency grants or incentives for renovations.
Your mortgage broker or realtor can help identify which programs you qualify for and how to apply.
Taking advantage of these incentives can make your first purchase or next move more affordable and strategic.
Want to know which rebates you qualify for?
I can help you explore programs that fit your situation and maximize your savings.