First Time Home Buyer Mortgage Ontario

First Time Home Buyer Mortgage Ontario

Mortgage Information & Advice

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First Time Home Buyer Programs

First time home buyer programs cover a wide variety of topics. We provide information on a range of issues that will almost certainly save you thousands of dollars. Or allow you to purchase your first home years sooner than you might have thought.

Having a professional registered Kingston Mortgage Broker helping you at this time is critical. We will assess your needs and current financial position. Then look at where you want to be in the future, which may change but we work with you through the years to fine tune your mortgage as your requirements change.

Feel free to call us at any time with any questions you may have:  613 484 5358

Here are the topics we will discuss briefly

First Time Home Buyers RRSP Plan

First Time Home Buyer Mortgage Land Transfer Tax Rebate

First Time Home Buyers Tax Credit

First Time Home Buyer GST – HST Rebate

First Time Home Buyer CMHC Mortgage Insurance

First time home buyers pay nothing for our mortgage services. The banks pay us to do all the work for them.


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First Time Home Buyers RRSP Plan

First time home buyers have access to the government RRSP home buyers plan. This great legislation allows you to access up to $25,000 from your RRSP as a downpayment on your first home, tax free! It gets better because many people are purchasing their first home with a partner so that person can access the $25,000 RRSP plan as well. So it’s possible to have $50,000 as a down payment.

As registered professional mortgage agents we deal with these issues on a daily basis and will guide you through the process. Regulations change and the individual needs of each of our clients is different so having an expert piece together all these elements is important.

First time home buyers can look at the option in much more detail by visiting our;

First Time Home Buyers RRSP Plan Page


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First Time Home Buyer Tax Credit

First time home buyer tax credits are yet another way of getting into a home sooner than you thought and saving money at the same time. The amount may vary but based on the current legislation as part of the Canada Economic Action Plan most people qualify for a tax rebate of $750. That money isn’t available until claimed on your tax return but can be factored into you budget in the near future as it will come to you.

As always with government legislation there are rules but we will guide you through them. We will also send you a reminder at tax time just in case you forget to claim your free $750. It’s just a small part of the many ongoing free services we provide our customers so your mortgage isn’t one of the things that keep you up at night.

For a very detailed look at the First Time Home Buyers Tax Credit follow the link below.

First Time Home Buyers Tax Credit


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First Time Home Buyers Land Transfer Tax Rebate

First time home buyer land transfer tax rebates add up to a lot of money and make a huge difference to your first year in your new home. The government of Ontario decided to give a large part of most peoples first home purchase land transfer tax back to them, under certain conditions of course. But we’re talking $2000 back in your pocket.

We will take this amount into consideration when helping you plan the purchase of your first home. The legislation can change at a moments notice but we keep up to date on policy and will advise you of any changes. But at this time it would be our pleasure to help you get the full $2000.

For more detailed information on the Land Transfer Tax Rebate follow the link below.

First Time Home Buyer land Transfer Tax Rebate


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First Time Home Buyers GST – HST Housing Rebate

The first time home buyer GST and HST housing rebate is another way to save a considerable amount of money when purchasing your first home. The rebate is limited to people purchasing a newly built home or an existing home which is substantially renovated or a home destroyed by fire. The government will rebate the GST part of receipts incurred at this time.

There are rules which apply to this legislation as it could be open to people taking advantage but if set up the right way by a professional mortgage agent in the planning process it will save you a considerable amount of money in the first year of ownership. As always we will guide you through the process.

For more detailed information on the GST – HST Housing Rebate follow the link below.

First time Home Buyer GST – HST Housing Rebate


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First Time Home Buyer CMHC Mortgage Insurance

First time home buyers seldom have more than a 20% downpayment for their first home. As a result the government CMHC insurance company was formed. You don’t get any money back here but it does allow you to own your first home long before many people thought as it allows you to borrow more money and get the home you want.

CMHC insurance protects the lender and that’s why you can have less than 20% down payment. As always legislation changes and we are up to date with all of it so will advise you at the time how best to integrate CMHC insurance into your overall first home purchase.

If you’re ready to talk to someone we’re here:  613 484 5358

Lots to know here so for a very detailed look click the link below.

First Time Home Buyers CMHC Mortgage Insurance


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