Currently the following incentives and rebates are available to qualifying purchasers. For more information about these programs Contact Me
This program increases your down payment by offering a payment and interest free loan of up to 5% of the purchase price for resale properties and up to 10% for new homes.
The following table shows how the Program works:
By taking advantage of the First-Time Home Buyer Incentive
How do you qualify?
You are eligible to claim $5,000 for the purchase of a qualifying home in the year if both of the following apply:
The Home Buyers' Plan (HBP) is a program that allows you to withdraw up to $35,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability.
You may qualify for a rebate of part of the GST that you paid on the purchase price or cost of building your new house, on the cost of substantially renovating or building a major addition onto your existing house, or on converting a non-residential property into a house.