When budgeting for your first home in Ontario, the Land Transfer Tax (LTT) is often the largest "hidden" cost. On a $700,000 home, the provincial tax alone is nearly $10,500.
The good news? To help first-time buyers enter the market, the Ontario government offers a rebate of up to $4,000. If you are buying in…
For years, first-time homebuyers in Ontario were stuck with a strict 25-year limit on "insured" mortgages (those with less than a 20% down payment). This often meant higher monthly payments that pushed many out of the market.
However, as of December 15, 2024, new federal rules have fully come into effect, allowing all first-time homebuyers…

