Government Incentives
- CMHC Purchase Plus ImprovementsMortgage funds plus funds for major renos & other improvements.
- CMHC to Insure 30 Year Mortgages on Pilot BasisProgram designed to make housing more affordable to more buyers.
- Five Percent Down Payment ProgramMortgage Insurance available to both first time and repeat home buyers.
- Land Transfer Tax Rebates (Provincial and Toronto)First Time Homebuyers of New & Resale Homes to receive rebates.
- Second Suites Legal in TorontoIf certain criteria met, second suites in Toronto now legal.
- Residential Rehabilitation Assistance ProgramHelp to renovate up to basic health and safety standards.
- Home Renovation Tax CreditHomeowners may be eligible for a 2009 tax credit of up to 15% on home renovations.
- First-Time Home Buyers' Tax CreditFirst-Time Home Buyers may be eligible for a 15% income tax credit for closing costs.
- EnerGuide for Houses Retrofit GrantGrant to homeowners who renovate to improve energy efficiency.
- RRSP Home Buyers PlanIncreases to withdrawal limits to further assist first time home buyers.
