First Time Home Buyers

It’s okay if you haven’t done this before, we have.

Welcome, First-Time Homebuyers!

Congratulations on beginning your journey to homeownership! At indi Mortgage, we’re here to make the process fun, exciting, and as stress-free as possible. Navigating the world of mortgages can feel overwhelming, but as a first-time homebuyer (FTHB) in Ontario, you have access to some incredible benefits—and we’re here to help you take full advantage of them.

Key Advantages for First-Time Homebuyers

Land Transfer Tax Rebate

In Ontario, buyers are responsible for paying a Provincial Land Transfer Tax (LTT) on all real estate transactions. For those purchasing in Toronto, an additional Municipal Land Transfer Tax is applied, effectively doubling the cost.

But here’s the good news: as a first-time homebuyer, you qualify for an automatic rebate of up to $4,000 on the Provincial Land Transfer Tax.

Curious what your LTT would be as a first-time buyer? Use the Land Transfer Tax Calculator to find out and start planning today!

Regional Down Payment Assistance Programs

Finding it hard to get ahead and save for your down payment? You may qualify for on of the region’s Down Payment Assistance Programs, which can help provide some of your down payment. Assistance programs can vary from region to region. The eligible programs depend on factors such as:

  • Your income.

  • The type of home you’re buying.

  • Your down payment amount.

  • The property’s location.

We’re here to guide you through the application process and explain how these programs could make your dream home more attainable.

Explore more with your trusted indi Mortgage Agent by reaching out to us for personalized advice.

Home Buyers' Plan: RRSP Withdrawal

As a first-time homebuyer, you can withdraw up to $35,000 tax-free from your Registered Retirement Savings Plan (RRSP) to use toward your home purchase. Couples can withdraw up to $70,000 combined!

You’ll have 15 years to repay the amount back into your RRSP, making this an excellent option for getting into the market sooner while managing your finances long-term.

Let’s Make Homeownership a Reality

At indi Mortgage, we’re passionate about helping first-time buyers navigate their options, maximize savings, and take confident steps toward homeownership. Ready to get started? Let’s connect and make your dream of owning a home come true!

It’s not a calculator, it’s a conversation

Getting the best mortgage is not just about the rate. An indi Mortgage expert can show you why the type of mortgage product you choose can make all the difference. The potential to save thousands of dollars while securing a competitive rate? Sign us up.