Ontario First Time Home Buyer Rebate Doubled

By: Thomas Cook

Ontario First Time Home Buyer Rebate Doubled

As of January 1, 2017, a first-time home buyer in Ontario will be eligible for an up to $4,000 Land Transfer Tax rebate – up from the previous $2,000.
 
This means that no Province of Ontario Land Transfer Tax is paid on the first $368,000 of the purchase price of a home.
 
Whether you’ll use the rebate to pay down your mortgage, renovate your bathroom, purchase new appliances or pay your closing costs, the rebate is sure to be great news for first-time home buyers.
 
To qualify: