First-Time Home Buyers
Buying a home for the first time is one of the biggest financial decisions you will ever make. Whether you are searching for a condo, townhouse, or detached home, the process can feel overwhelming at first.
As a first time home buyer, it’s important to understand your budget, mortgage options, closing costs, and the neighborhoods that best fit your lifestyle and future goals. With the right guidance and support, buying your first home can become a much smoother and more confident experience.
We help first-time buyers across Oakville, Burlington, Milton, Mississauga, and the GTA navigate the real estate market with expert local guidance and personalized support every step of the way.
Are You Eligible as a First-Time Home Buyer?
You may qualify as a first-time home buyer if you have not owned a home in the past four years. Depending on your situation, you may also qualify for several first-time home buyer programs and incentives available in Canada.
These programs may help reduce some of the costs associated with buying a home, including:
- First-Time Home Buyers’ Tax Credit
- RRSP Home Buyers’ Plan
- Land Transfer Tax Rebates
- First-Time Buyer Incentives
If you are planning to purchase your first property in Oakville or the GTA, we can help guide you through the process and answer any questions you may have before getting started.
First-Time Home Buyer’s Credit (FTHBC)
The First-Time Home Buyer’s Tax Credit (FTHBC) is a government program designed to help first-time buyers reduce some of the costs associated with purchasing a home.
Eligible first-time buyers may qualify for a 15% income tax credit on $10,000 (According to the 2026 Tax Year) of qualifying home purchase expenses, including:
- legal fees
- land transfer taxes
- closing-related expenses
This program can help make the transition into home ownership more affordable for first-time buyers in Oakville and across the GTA.
If you are planning to purchase your first property, we can help guide you through the process and answer any questions you may have before getting started.
Need More Help Understanding the Home Buying Process?
Buying your first home comes with a lot of important decisions, and the right guidance can make the whole process feel much easier and less stressful. If you want to understand mortgages, budgeting, closing costs, neighbourhoods, and the full step-by-step buying journey in more detail, you can check out our complete home buyer guide. You can also view the complete buyer guide here.
Start Your First Home Search Today
Explore available homes and discover properties that fit your lifestyle, budget, and future goals. Browse updated listings and take the first step toward buying your first home with confidence.
Get Expert Real Estate Guidance
Work with Sam Valji for clear market insight, strong negotiation, and a strategy built around your long-term goals.
First-Time Home Buyer FAQs
Buying your first home can feel overwhelming at times, especially with so many steps, costs, and decisions involved. These frequently asked questions are here to give you clear, simple answers so you can move forward with more confidence and less stress.
How much do I need for a down payment in Ontario?
In most cases, first-time buyers in Ontario need a minimum of 5% for homes under $500,000. For higher-priced homes, the percentage increases. It’s also important to plan for closing costs in addition to your down payment.
What are closing costs when buying a home?
Closing costs are extra expenses paid at the end of a purchase. These can include legal fees, land transfer tax, home inspection, and adjustments. A good rule of thumb is to budget 1.5% to 4% of the purchase price.
Do I need mortgage pre-approval before house hunting?
Yes, getting pre-approved is highly recommended. It helps you understand your budget, strengthens your offer, and makes the buying process faster and more confident.
What is the first step in buying a home?
The first step is understanding your budget and getting mortgage pre-approval. After that, you can start exploring neighbourhoods and viewing properties that match your needs.
Are there incentives for first-time home buyers in Canada?
Yes. First-time buyers may qualify for programs such as the First-Time Home Buyer Incentive, RRSP Home Buyers’ Plan, and land transfer tax rebates depending on eligibility.
How long does it take to buy a home in the GTA?
The timeline varies, but on average it can take a few weeks to a few months depending on market conditions, financing, and how quickly you find the right property.
How do I choose the right neighbourhood?
It depends on your lifestyle, budget, commute, and long-term goals. Areas like Oakville, Mississauga, and Burlington offer different benefits such as schools, transit access, and investment potential.
Why should I work with a real estate agent as a first-time buyer?
A real estate agent helps you understand the market, negotiate offers, avoid costly mistakes, and guide you through legal and financial steps so the process is smoother and less stressful.