ASK ABOUT OUR FIRST-TIME HOME BUYERS' CASH REBATE OFFER!
Buying Your First Home Just Got Better
A Little Extra for Your First Big Move when you Work with One of Us!
If you’re a first-time buyer and you purchase your home with one of us, you’ll receive a special rebate after closing; a simple way to help with inspections, legal fees, or moving costs.
No hoops. No gatekeeping. Just real support when it counts.
Connect with us to get the details →
**Right at Home Realty, Brokerage (“RAHR”) does not accept or assume any responsibility or liability, direct or consequential, for the commission rate or fees offered by the Salesperson/Independent Contractor to the public in any MLS® /non-MLS® listings and/or promotional material. RAHR encourages competitive commission rate/fee arrangements offered to the public and in no way influences, mandates or sanctions any incentives or commission rates or fees of our Salesperson/Independent Contractor.**
First-Time Home buyer's Land Transfer Tax Rebate
A little Help from the Government can Go a Long Way
If you're buying your very first home in Ontario, you could be eligible for a refund on all or part of the land transfer tax. To qualify, you must be at least 18 years old, and neither you nor your spouse can have ever owned a home or an interest in a home anywhere in the world; regardless of how it was acquired (including by gift or inheritance).
This is a one-time opportunity designed to support genuine first-time buyers provided by the provincial governement that is worth looking into!
First-Time Home Buyers’ Tax Credit (HBTC)
Tax-time became a little less 'scary'
Buying your first home is a big milestone, but it can also be financially overwhelming.
To ease the burden, the First-Time Home Buyers’ Tax Credit (HBTC) offers eligible first-time buyers a $10,000 non-refundable credit on their income tax return. This could translate into up to $1,500 in savings come tax time....
Originally launched in 2009 with a $5,000 credit, the program doubled in 2022 to provide more support for first-time or qualifying disabled homebuyers. While it won’t result in a refund if you don’t owe taxes, it can significantly reduce what you owe offering a small but meaningful boost and some relief when it matters most!
First Home Savings Account (FHSA)
Being a First-Time Home Buyer has it's Perks!
Meet the First Home Savings Account (FHSA); a super helpful new way to save for your very first home! Designed with first-time buyers in mind, this registered Canadian savings plan lets you grow your down payment completely tax-free. It’s the best of both worlds, blending the benefits of an RRSP and a TFSA, so you can build your future with confidence, ease, and a little extra momentum.
The Home Buyers' Plan (HBP)
Tap into Your RRSP to Help Buy Your First Home
The Home Buyers’ Plan (HBP) lets you withdraw up to $60,000 from your RRSP to put toward buying or building your first home — tax-free. You’ll have 15 years to repay what you’ve withdrawn, giving you some breathing room as you settle in.
To qualify, you must be considered a first-time home buyer (with a few exceptions), have a written agreement to buy or build, and intend to live in the home as your primary residence within a year.
And yes, even if you’ve used the HBP before, you might be eligible to use it again if your balance has been fully repaid. It’s one more way to make homeownership more accessible, without giving up your long-term savings.
Downpayment Funds Gifted from your Family
How to Handle a Gifted Down Payment Without Delays
How Do Gifted Down Payments Work?
If you're receiving help with your down payment from a family member, there are a few steps to follow. Each person giving funds will need to sign a mortgage gift letter, using the lender’s preferred format. You’ll also need to show that the funds have landed in your account — ideally at least 15 days before closing. If the gift is coming from outside Canada, most lenders want to see those funds in your Canadian account 30 to 90 days before closing. Depending on how the funds are used (for example, if they’re sent directly to your REALTOR®), there may be additional steps to meet anti–money laundering regulations, including verifying the identity of the person gifting the money.
