FIRST-TIME HOME BUYERS – THIS ONE’S FOR YOU!
Looking to buy your FIRST HOME?! We know… it’s a big purchase!! But did you know there are a number of tips and tricks available that can make things a bit easier? We thought we would give you everything you need to help get your journey started! From rebates, to incentives, to application & mortgage info! We’ve got it all riiiight here 🙂
The Canada Mortgage and Housing Corporation (CMHC) offers tons of tools for first-time home buyers! For instance, have you ever wondered how much your mortgage will be? Wonder no more! Calculate your mortgage HERE.
CMHC also offers all kinds of REBATES & INCENTIVES! Because everyone could use a little help now and again are we right!?
REBATES & INCENTIVES:
Click through to see which one best suits your needs and be sure to read up on the conditions!
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First-Time Home Buyer Incentive – makes it easier to buy a home by reducing your mortgage payments! You can borrow 5 or 10% of the purchase price!
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Home Buyers’ Amount – allows you to claim $5,000 on Line 31270
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Home Buyers’ Plan (HBP) – allows you to withdraw from your RRSPs to buy or build!
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GST/HST New Housing Rebate – allows the homeowner to recover some of the GST paid through their home purchase
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Canada Greener Homes – sign up to receive grants up to $5,000 that increase energy efficiency or get a $600 discount to help with the cost of an energy home evaluation
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CMHC Green Home: offers a partial refund on mortgage loan insurance. Buy or build an energy efficient home and you just might be eligible for a refund of up to 25% of your premium!
Browse all CMHC financial support options HERE!
What about incentives from banks?
Do a little homework and you could receive cash back! Use banks such as TD and CIBC and get up to $3,000 cash!
OUR FAVOURITE PARTNERS:
We also have an AMAZING list of our favourite partners available to you on our website – browse mortgage specialists HERE!
Your first home should be a special journey, so we hope this helps alleviate some of the worry when making your first big purchase!
As always, we’re here to help!
Email/Call us: erin@thesneazwells.com 780-887-7047 or alex@thesneazwells.com 587-988-7407
Blog courtesy of Alexa Prodaniuk
Photos by Tracey Jazmin
