Keys & Co.Buying your first home in Ontario, done right.
Land transfer tax rebates, the FHSA, the RRSP Home Buyers' Plan — there's real money on the table for first-time buyers. We'll walk you through what applies to you and handle the rest of the search.
Get 1% of our commission back
Buy your first home with Keys & Co. and we'll rebate 1% of our commission to you within 30 days of closing.
Eligibility & terms: available to first-time buyers where no party on title has owned a home in Canada in the past 4 years. Rebate is calculated on Keys & Co.'s commission on the transaction and paid within 30 days of closing; subject to change or withdrawal at any time.
Programs and rebates worth knowing about
Ontario Land Transfer Tax Rebate
Eligible first-time buyers can get a rebate of up to $4,000 on Ontario's land transfer tax — enough to cover the full provincial tax on homes up to roughly $368,000, with the rebate applied against the tax owing on higher-priced homes.
Toronto Municipal Land Transfer Tax Rebate
Buying within the City of Toronto adds a second land transfer tax — but first-time buyers can also get a rebate of up to $4,475 on that one, for a combined saving of up to $8,475 between the two rebates.
Tax-Free First Home Savings Account (FHSA)
The FHSA lets first-time buyers contribute up to $8,000 a year (up to $40,000 lifetime), with contributions tax-deductible and withdrawals for a first home completely tax-free.
RRSP Home Buyers' Plan (HBP)
You can withdraw up to $60,000 from your RRSP tax-free toward a first home (up to $120,000 combined for a couple), repayable back into your RRSP over 15 years.
CMHC-insured mortgages
With less than 20% down, mortgage default insurance opens the door to homeownership with as little as 5% down on eligible properties — we'll help you understand what that means for your monthly payment.
Gift letters & down payment sourcing
Getting help from family? Lenders have specific requirements for gifted down payments — we'll make sure your documentation is lender-ready before you're up against a financing condition deadline.
Eligibility rules apply to each of these programs and they can change — this is general information, not tax or legal advice. We'll connect you with a mortgage professional and, where needed, a real estate lawyer or accountant to confirm exactly what applies to your situation.