Government programs can save you thousands and make homeownership more affordable. With expert guidance from Bhawana Rana , you can take full advantage of these opportunities and find your dream home faster.
or share your results with to confirm your eligibility and find the best savings.
Or send your results to to review your situation and find more ways to save on your home.
Home Buyer’s Plan (HBP)
The HBP allows you withdraw up to $60,000 from your RRSP tax-free to buy or build your first home. You'll have up to 15 years to repay the funds, starting the second year after withdrawal.
Tip
If buying with a partner, each of you can withdraw $60,000, for a combined $120,000 toward your down payment.
Looking for help with Home Buyer’s Plan application?
First-time home buyer You haven’t lived in a home owned by yourself or your spouse/common-law partner in the current year or in any of the past four years
Have a written agreement to buy or build a qualifying home
Plan to occupy the home as your principal residence within one year of purchase or build
What homes qualify?
Located in Canada
Includes:
Detached or semi-detachedhomes
Townhouses
Condominiums or apartments
Mobile homes
Co-ops with equity ownership
Check Out Some of ’s listings that could qualify for the Home Buyer’s Plan.
The FHSA is a registered plan that combines the benefits of an RRSP and TFSA — tax-deductible contribution and tax-free withdrawal for your first home. You can contribute up to $8,000 per year, with a lifetime maximum of $40,000.
Who is eligible?
Canadian resident
18 to 71 years old
First-time home buyer You haven’t lived in a home owned by yourself or your spouse/common-law partner in the current year or in any of the past four years
When making a withdrawal:
Have a written agreement to buy or build a qualifying home
Plan to occupy the home as your principal residence within one year of purchase or build
First-time home buyer You haven’t lived in a home owned by yourself or your spouse/common-law partner in the current year or in any of the past four years
Plan to occupy the home as your principal residence within 9 months
How much can you get?
Ontario: Up to $4,000
Toronto: Up to $4,475 in addition to the Ontario rebate
British Columbia: Full exemption for homes up to $500,000
Other provinces vary; check your local rules
Estimate your land transfer tax in seconds. Use our Land Transfer Tax Calculator to see how much tax you’ll pay and any potential rebate you may qualify for.
Have your Land Transfer Tax figured out?
Receive updates on newly listed properties in your area and make your next move easier.
Also known as the First-Time Home Buyers’ Tax Credit (HBTC), this on-refundable tax credit helps with closing costs. You can claim up to $10,000, which translates to a maximum tax reduction of $1,500.
Who is eligible?
First-time home buyer You haven’t lived in a home owned by yourself or your spouse/common-law partner in the current year or in any of the past four years
Bought a qualifying home in Canada
Plan to occupy the home as your principal residence within one year of purchase
What homes qualify?
Located in Canada
Includes:
Detached or semi-detached homes
Townhouses
Condominiums or apartments
Mobile homes
Co-ops with equity ownership
See how has helped clients turn their homeownership dreams into reality. Get in touch today to start your own journey.
TESTIMONIALS
CMHC Improvements (Purchase Plus Improvements)
The CMHC Improvement program lets you add eligible renovation costs to your mortgage — up to 10% of the improved value of the home Market value after renovations. . Ideal for buying a fixer-upper or upgrading immediately without a separate loan.
Tips
For owner-built or rental properties, you may qualify for construction financing or small rental loans under different rules.
Sign up for Neighborhood Buzzer to get updates on homes with renovation potential
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREAs By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
