10/15/2026
🏡 FIRST HOME IN ONTARIO? HERE’S HOW TO GET STARTED!
Wondering whether you qualify as a first-time home buyer? Your mortgage approval and eligibility for buyer benefits are assessed separately.
✅ CHECK YOUR BUYER STATUS
Each program has its own definition. Ontario’s land transfer tax refund generally requires that you have never owned a home anywhere in the world. Your spouse’s ownership history also matters.
✅ PREPARE YOUR DOWN PAYMENT
Minimum down payment examples:
• $400,000 home → $20,000
• $600,000 home → $35,000
• $800,000 home → $55,000
Save separately for closing costs. Mortgage insurance is usually required with less than 20% down.
✅ GET YOUR FINANCES READY
Lenders review your income, employment, credit history, existing debts and ability to afford mortgage payments. Get pre-approved to understand your budget.
✅ EXPLORE AVAILABLE BENEFITS
You may qualify for an FHSA, RRSP Home Buyers’ Plan, land transfer tax refund or rebates on an eligible new home. Each has separate conditions—benefits are not automatic.
🔑 Buying a resale home or a new build? Start with a plan that fits your situation.
📩 Message “FIRST HOME” to get started.
Param Bajarh | REALTOR®
RE/MAX Skyway Realty Inc.
📞 416-317-5252
🌐 parambajarh.com
ParamBajarh
