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Navigating the path to homeownership can be overwhelming, but you don't have to do it alone. We're here to help you take advantage of valuable federal housing programs that can make buying your dream home more affordable and less stressful. Whether you're a first-time buyer or looking to upgrade, our curated list of resources will guide you through the various incentives and credits available to Canadian homebuyers. From tax breaks to down payment assistance, discover the support options that can turn your homeownership dreams into reality.
First Time Home Buyer Incentive FTHBI
Provides a shared equity mortgage with the Government of Canada to help first-time home buyers lower their monthly mortgage payments without increasing their down payment.
First Time Home Buyers' Tax Credit HBTC
Budget 2022 proposed increasing the amount used to calculate the First-Time Home Buyers' Tax Credit to $10,000 (from $5,000), which would provide a tax credit of up to $1,500 to eligible home buyers. This amendment applies to the 2022 and subsequent taxation years.
This law allows eligible homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) to use for the down payment on their first home.
They were created to assist low-income renters with rental costs. If they meet income and rent payment criteria, eligible clients may receive a tax-free one-time payment of $500.
Navigating these rebates, tax incentives, and savings programs can be overwhelming to some. Ensuring you know and understand the housing programs available, you may also enjoy reading.
The Scoop on Five First-Time Home Buyer Programs in Canada
Helping Home Buyers Navigate Government Funding Programs
Unlock Your Path to Homeownership Today! Special Offer Below ⬇️
Special Offer: Free Homeownership Consultation.
To help you get started, we're offering a free, no-obligation homeownership consultation. During this session, our experienced team will:
Assess Your Eligibility: Determine which programs and incentives you qualify for.
Tailor a Plan: Create a customized roadmap to homeownership based on your unique financial situation and goals.
Provide Expert Guidance: Answer your questions and provide insights on navigating the home-buying process.
Don't let uncertainty hold you back.
Contact us to schedule your free consultation and take the first step toward owning your dream home. Whether you're interested in federal incentive programs or exploring Rent-to-Own options, we're here to help you every step of the way.
Call Kendell at 905-440-0505, contact us online, or complete the form below to schedule your consultation now.
Let us help you turn your homeownership dreams into reality!
Real Estate Information Brought To You By:
Matt Cooper Realty Group Brokerage
Matt Cooper CEO | Broker of Record
905-440-0505