First-Time Home Buyer’s Guide

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Buying your first home is exciting, but it can feel overwhelming. This guide will walk you through the process, explain the costs, and show you the incentives available to first-time buyers in Ontario.

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Step-by-Step Process

1. Mortgage Pre-Approval – Know your budget before shopping.

2. Hire a REALTOR® – I’ll guide you through every step.

3. Search for Homes – Tour properties that match your needs.

4. Make an Offer – I’ll help you negotiate the best price.

5. Conditions & Inspection – Protect your purchase.

6. Closing Day – Sign documents, pay closing costs, and get your keys!

Costs to Budget For

• Down Payment (minimum 5%)

• Land Transfer Tax (Ontario + Ottawa rebate available)

• Lawyer Fees ($1,500–$2,500)

• Home Inspection ($400–$600)

• Closing Costs (approx. 2–3% of purchase price)

Government Incentives

• First-Time Home Buyer Incentive – Shared equity with CMHC.

• RRSP Home Buyers’ Plan – Withdraw up to $60,000 tax-free.

• Land Transfer Tax Refund – Up to $4,000 back in Ontario.

• First-Time Home Buyers’ Tax Credit – Claim $1,500 on your taxes.

Tips for Success

• Don’t max out your budget – think about long-term affordability.

• Keep an emergency fund for unexpected costs.

• Always get a home inspection.

• Work with professionals – REALTOR®, lawyer, mortgage broker.

Why Work With Me?

• Knowledge of Ottawa neighborhoods

• Guidance through financing & paperwork

• Negotiation skills to save you money

• Support from your first viewing to your first key handoff