From land transfer tax rebates to mortgage pre-approval, here's everything you need to know before buying your first home in Ontario.
Buying your first home is exciting — and a little overwhelming. The good news is that Ontario offers several programs designed to help first-time buyers get their foot in the door.
First, get pre-approved for a mortgage. This tells you exactly what you can afford and signals to sellers that you're a serious buyer. Then explore the First-Time Home Buyer Incentive and the land transfer tax refund, which can save you thousands on closing.
Don't forget to budget beyond the purchase price: land transfer tax, legal fees, home inspection, and moving costs all add up. We recommend setting aside 1.5–4% of the purchase price for closing costs.
Finally, choose a neighbourhood that fits your life five years from now, not just today. Schools, transit, and commute times all affect resale value. We help first-time buyers weigh these factors every day — reach out and we'll walk you through it.
Have questions about this topic?
Simin Issabeiglou and the Signature Homes are here to help with your buying, selling, or investment goals across Ontario.
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