First Time Home Buyers

Residential Mortgage Agent in Toronto, ON

Before beginning your search, be aware of all the programs that will assist you in buying your first home. The Government of Canada has a variety of programs to assist first time homebuyers, such as:

  • $5000 Income Tax Credit: the Government of Canada has implemented a $5000 non-refundable tax credit on a qualifying home. For an individual that is eligible, the credit will provide up to $750 in federal tax relief*
  • RRSP Withdrawals: The Government of Canada has set the Home Buyers Plan withdrawal limit to $35000 per person to allow for greater access to RRSP savings. You have 15 years to repay the amount back to your RRSP
  • Land Transfer Tax Refunds: depending on your province, there may be a land transfer tax refund available for first time home buyers. Please call your mortgage lending agent for more information.

Contact Donna McLean, Mortgage Agent today to discuss your options (416)-721-6105

Serving clients across the Greater Toronto Area, Cottage Country, and all over Canada.

Contact Mortgage Lending with Donna McLean - Mortgage Agent in Toronto, ON

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