Buying your first home is an exciting milestone! At Tobias Real Estate, we're here to help you navigate the process, understand your options, and find the right home for your needs and budget.
First-Time Home Buyer Programs
There are several programs available to help eligible Canadian first-time buyers:
First Home Savings Account (FHSA): Save up to $40,000 toward your first home with tax advantages.
Home Buyers' Plan (HBP): Withdraw up to $60,000 from your RRSP toward a qualifying home purchase, subject to repayment requirements.
Home Buyers' Tax Credit: Eligible buyers may qualify for a federal non-refundable tax credit.
First-Time Home Buyers' GST Rebate: Eligible buyers of newly built homes may qualify for a rebate of up to $50,000.
Eligibility requirements apply. Visit Canada.ca for current program details.
How Much Do You Need for a Down Payment?
For homes priced at $500,000 or less, eligible buyers may qualify with as little as 5% down.
For example, a $350,000 home would require a minimum down payment of $17,500, subject to mortgage approval.
Let's Find Your First Home!
Whether you're just starting to explore your options or you're ready to begin viewing properties, we're here to guide you every step of the way.
Contact Robin & Michael Tobias today to get started!
