Buying your first home can be both exciting and stressful at the same time. It’s also very expensive. You’ll need to start saving for a down payment and the costs that go along with purchasing a home.
If you don’t think you’ll be able to afford a home, the Canadian government offers a variety of incentives for first-time homebuyers. First-time home buyers in Ontario, BC, and Prince Edward Island, for example, can qualify for a land-transfer tax rebate. Read the pages below to find out more about the first-time home buyer tax credits and rebates, grants, and programs available in Canada.