First Time Home Buyer Mortgage

Government Programs for Home Buyers

Purchasing your first home can be incredibly exciting, whether you’re doing it on your own, with a new spouse, or with your family. At Real Trio in partnership with Mortgage Alliance (AKAL Mortgages), we have extensive experience of helping first-time home buyers with their Mortgage requirements. As this is one of the largest investments you will likely make, it is very important to be thorough and well-informed on the resources that are available to you.

There are a number government programs available to home buyers, including:

  • First-time home buyers’ credit
  • RRSP home buyers’ plan (HBP)
  • 5% down payment program*
  • HST new housing rebate
  • Land transfer tax rebates

*New Down Payment Rules as of February 2016:
5% down payment is available for homes up to $500,000 purchase price.
Homebuyers will have to put 10% “on the portion” of the price over $500,000.
For example: On a purchase price of $700,000, minimum down payment will be calculated as below:

5% on the first $500,000 = $25,000
10% on the next $200,000 = $10,000
A total of $25,000 + $10,000 = $35,000

We truly want to help you achieve your dream of homeownership by making the process as stress-free as possible. Call us today at +1 647 332 4846 to speak with a professional from our team.

Get a FREE evaluation by calling us today at +1 647 332 4846


Welcome to Real Trio, your number one source for finding you a home and protecting your family. We’re dedicated to giving you the very best of service, with a focus on quick, professional, stress-free experience.

+1 647 332 4846

120 Traders Blvd. E., Unit 202 Mississauga, ON L4Z2H7.
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