Your Path to Homeownership Starts Now!
Did you know there are fantastic private and government-backed programs in Ontario and across Canada designed specifically to make owning your first home a reality? These initiatives, which can significantly lower the financial hurdles, are a real game-changer for first-time buyers!
Here’s the key takeaway you need to know:
These special funds and programs are incredibly popular, and they operate on a "first-come, first-served" basis. Once the allocated money for the year is used up, the program closes and won't reopen until the next calendar year, if at all.
Don't wait and miss your window of opportunity. Your dream home is within reach, but the funding that can help you get there won't last forever.
Let's get you started! Take action today to explore your options and secure your spot before these valuable funds are gone.
Programs:
1) Rent To Own Option
Benefit: Give you time to save for the down payment
Requirements: Good Credit
2) Bad Credit Funding:
Benefit: Give you time to improve your credit
Requirements: Down payment will ne needed
3) New To Canada:
Benefit: No Income Requirements
Requirements: Down payment will ne needed
4) First Time Home Buyer Programs
Land Transfer Tax Rebate (Government Program)
First Home Savings Account (Government Program)
Home Buyers' Plan (Government Program)
First-Time Home Buyers' Tax Credit (Government Program)
5) The First-Time Home Buyer Incentive (Ended March 2024)
6) Shared equity programs
Funds part of the down payment ( Private Program)
7) Affordable Homeownership Programs (Municipal)
8) Fractional Ownership
Percentage Ownership
9) Shared Ownership
Joint Ownership
10) Charitable Organizations
Habitat for Humanity Program
Options For Home Program