Buying your first home in Ontario can feel overwhelming. Rising prices, high closing costs, and strict mortgage rules make it harder than ever to enter the market. That is why the Ontario HomeGrow Initiative was created: to bring together all major government incentives in one place and introduce programs designed specifically for first-time home buyers.
We believe every Canadian deserves a fair shot at homeownership. The Ontario HomeGrow Initiative is our way of helping first time home buyers navigate the process, reduce stress, and confidently take the first step toward owning a home.
Introducing the Freeway HomeStart Offer
The Freeway HomeStart Offer is an exclusive program available only to buyers working with Freeway Real Estates Inc., Brokerage as buyer clients. This offer provides additional support to first-time home buyers and is summarized in a simple chart (see image below).
To participate in this program, you must fall within the criteria mentioned in the downloadable brochure. If you are unable to download it please contact clientcare@freewayrealestates.com or call (416)-455-4800 to request the brochure through email.
Note: The chart will visually show the range of cashback incentives depending on the purchase price of your home.
Government Incentives – Quick Summary
First Home Savings Account (FHSA)
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Save up to $40,000 tax-free
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Contribute $8,000 per year
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Withdrawals for your first home are tax-free
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Land Transfer Tax Refunds
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Reduces provincial and municipal land transfer taxes
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Ontario Provincial Land Transfer Tax Refund: Up to $4000
- Toronto Municipal Land Transfer Tax Refund: Up to $4,475
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Home Buyers’ Plan (HBP)
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Use your RRSP to fund your down payment
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Withdraw up to $60,000 tax-free
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Repay the RRSP fund over 15 years
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First-Time Home Buyer Tax Credit
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Provides a federal non-refundable income tax credit
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Can reduce first-year expenses up to $1,500
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CMHC Mortgage Loan Insurance (Minimum Down Payment Rules)
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Down payment: Minimum 5%. For homes over $500,000, 5% applies to the first $500,000 and 10% to the remainder.
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Applies to homes up to $1.5 million
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Must meet income and debt service requirements
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For more details on each government incentive, download the brochure below.
Why the HomeGrow Initiative Matters
Buying your first home can be confusing. The Ontario HomeGrow Initiative simplifies everything:
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Clear explanation of all major first-time buyer programs
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Step-by-step guidance on eligibility
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Exclusive Freeway HomeStart Offer
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Support from a brokerage committed to affordability and transparency
At Freeway Real Estates Inc., our mission is simple: make buying your first home easier, more achievable, and less stressful.
Ready to Start Your Journey?
If you are considering buying your first home, this initiative was built for you. Our team is here to guide you, explain every program, prepare you financially, and help you find the right property.
Download the brochure from the button above. Or Contact us today
(416)-455-4800
clientcare@freewayrealestates.com
