First Time Home Buyers
Buying your first home in Ontario can feel overwhelming — but it doesn't have to be. Here's everything you need to know.
Are you a first time home buyer in Brampton or Mississauga? Harbir Gill specializes in guiding first time buyers through every step — from mortgage pre-approval to getting the keys. Take advantage of Ontario land transfer tax rebates, FHSA accounts and the RRSP Home Buyers Plan. Book a free first time buyer consultation today.
First-time buyers in Ontario receive up to $4,000 back on provincial land transfer tax — plus up to $4,475 back on Toronto's municipal tax.
Save up to $40,000 tax-free toward your first home. Contributions are tax-deductible and qualifying withdrawals are completely tax-free.
Withdraw up to $35,000 from your RRSP per person, tax-free, for a qualifying first home purchase. Repay over 15 years with no penalty.
5% for homes under $500K · 5–10% for $500K–$999K · 20% required for homes $1M+. CMHC insurance applies below 20%.
Required when your down payment is under 20%. Premiums range from 2.8% to 4% of the loan and can be added directly to your mortgage.
A shared-equity program where the government contributes 5–10% toward your down payment, meaningfully reducing your monthly mortgage cost.
Know your budget before you shop. Pre-approval locks in your rate for 90–130 days, shows sellers you're serious, and speeds up closing.
Set aside an additional 1.5%–4% of the purchase price for closing costs: legal fees, title insurance, home inspection, land transfer tax, and adjustments.
Never skip a home inspection. A licensed inspector uncovers hidden issues — roof, foundation, HVAC — that could cost thousands after closing.
Your lawyer handles the transfer of funds and title. You'll receive your keys once everything is registered — usually by mid-to-late afternoon.
Step by Step
From your first search to getting the keys — here's what to expect when buying a home in Ontario.
Meet with a mortgage broker or bank to determine your budget. Pre-approval locks in your rate and shows sellers you're a serious buyer.
Location, property type, bedrooms, budget, must-haves vs. nice-to-haves. Harbir helps you prioritize what matters most.
Harbir sets up MLS alerts matching your criteria and schedules private showings. You'll tour homes until you find the right one.
Harbir prepares a competitive offer based on comparable sales, market conditions, and your budget. Negotiation begins.
Complete your home inspection, finalize mortgage financing, and review the status certificate (for condos). Conditions protect you as a buyer.
Your lawyer handles the legal transfer and funds. You'll sign documents, receive your keys, and officially become a homeowner.
Ready to Get Started?
Tell us what you're looking for and Harbir will match you with the best options in the GTA.
As a first time home buyer in Brampton, navigating the real estate market can feel overwhelming. Harbir Gill specializes in guiding first-time buyers through the entire process — from mortgage pre-approval to closing day. If you're looking for a real estate agent near me who truly understands the local market, you've found the right professional.