First-Time Buyer Program · Markham, Ontario

The Markham First-Time Buyer Program — Built to Get You Into Your First Home.

Every government incentive you qualify for, combined with free, dedicated buyer representation from Michael John Lau and Neeraj Moolchandani. One call tells you exactly what you qualify for and what it's worth.

$4,000
Land Transfer Tax Rebate
$40,000
FHSA Lifetime Contribution Limit
$35,000
Home Buyers' Plan RRSP Withdrawal
$0
Cost for Buyer Representation
Quick Answer

What Is the First-Time Buyer Program?

There's no single government office that hands you "the first-time buyer program" in one envelope. It's a stack of separate federal and provincial incentives — the FHSA, the Home Buyers' Plan, the Ontario Land Transfer Tax Rebate, and the First Home Buyer Incentive — that most first-time buyers never fully claim because nobody walks them through how the pieces fit together. Kaizen's First-Time Buyer Program is that walkthrough: we check what you qualify for, connect you with the right mortgage professional, and represent your interests as your buyer's agent — at no cost to you, since the buyer's agent commission is paid by the seller's side regardless.

Key Takeaways

  • The program is a combination, not a single benefit. Most first-time buyers qualify for two or three incentives simultaneously, but only if they're set up correctly before closing.
  • Some pieces have to be claimed before you buy. The FHSA and HBP both require funds to be in place ahead of your purchase — they can't be applied retroactively after closing.
  • Eligibility is specific, not generic. "First-time buyer" has a defined meaning under each program, and the definitions don't all match exactly — we check all of them for you in one conversation.
First-time buyers reviewing program eligibility with their agent
One conversation tells you exactly what you qualify for — and what it's worth in dollars.
The Program Stack

Four Incentives. One Coordinated Plan.

Each of these exists independently — the value comes from claiming the ones you qualify for together, in the right order, before you close.

First Home Savings Account (FHSA)

Contribute up to $8,000/year (max $40,000 lifetime); contributions are tax-deductible and withdrawals for a qualifying first home are tax-free.

Home Buyers' Plan (HBP)

Withdraw up to $35,000 from your RRSP — $70,000 for a couple — toward a qualifying home purchase in Markham, repayable over 15 years.

Ontario Land Transfer Tax Rebate

First-time buyers in Ontario receive a rebate of up to $4,000 on Ontario Land Transfer Tax, applied directly at closing by your lawyer.

First Home Buyer Incentive (FHBI)

A Government of Canada shared-equity mortgage designed to reduce monthly carrying costs for qualifying buyers and properties.

Most buyers leave money behind simply by not knowing which combination applies to their situation. We check all four against your numbers in one call.

Before You Apply

Am I Eligible?

Most of these criteria are straightforward — but a few details trip people up. Here's the honest breakdown.

✓ You Likely Qualify If…

You haven't owned a home that you lived in during the current calendar year or the four preceding years.

You're a Canadian citizen or permanent resident.

You intend to occupy the home as your primary residence within nine months of closing.

You have, or can obtain, mortgage pre-approval from a Canadian lender.

You're purchasing in Markham or anywhere else in Ontario.

× Worth Confirming First

If you previously owned a home with a spouse, that ownership can still count against your "first-time" status even if you weren't on title.

FHSA and HBP have separate eligibility tests — qualifying for one doesn't automatically mean you qualify for both.

The Land Transfer Tax Rebate must be claimed at the time of registration — it isn't automatic and isn't retroactive.

Newly built homes and resale homes can have different rebate mechanics — we confirm which applies to your purchase.

Not sure where you stand? We check it for you, free, before you commit to anything.

How It Works

From Eligibility Check to Closing Day

Six steps. No cost to you at any stage — buyer representation is paid by the listing side, regardless of whether you have an agent.

01

Free Eligibility Check

A short call where we confirm which of the four incentives you qualify for and roughly what each is worth in your situation.

02

Mortgage Pre-Approval Connection

We connect you with a trusted mortgage professional who specializes in first-time buyer financing and the FHSA/HBP mechanics.

03

Program Setup

FHSA contributions, HBP withdrawal timing, and Land Transfer Tax Rebate paperwork are sequenced correctly — before you're under contract, not after.

04

Neighbourhood & Property Matching

We match your budget — including the incentives you're claiming — to the right Markham neighbourhoods and property types.

05

Offer & Purchase Support

Dedicated buyer representation through every offer, negotiation, and condition period — never the seller's side, always yours.

06

Closing & Rebate Filing

We liaise with your lawyer to confirm every rebate and incentive is correctly applied at closing — no missed paperwork, no money left behind.

Reviewing first-time buyer program paperwork and timelines together
Sequencing matters — FHSA and HBP both need to be set up before you're under contract, not after.
Know Your Numbers

Minimum Down Payment by Purchase Price

Ontario's minimum down payment scales with the purchase price — most freehold homes in Markham fall into the tiered middle bracket below.

Purchase PriceMinimum Down Payment
Under $500,0005% of the purchase price
$500,000 – $999,9995% on the first $500,000 + 10% on the remaining balance
$1,000,000 and over20% of the purchase price

Figures reflect current Government of Canada minimum down payment requirements and are subject to change. Confirm exact figures with your mortgage professional.

Program FAQs

First-Time Buyer Program — Frequently Asked Questions

Who actually qualifies as a "first-time buyer" in Canada?
Generally, someone who hasn't owned and lived in a home in the current calendar year or the previous four years. The exact test varies slightly between the FHSA, HBP, and the Ontario Land Transfer Tax Rebate, so it's worth confirming against each program individually rather than assuming one definition covers all three — which is exactly what we check on your eligibility call.
Can I use the FHSA and the Home Buyers' Plan together?
Yes. The FHSA and HBP can both be used toward the same qualifying home purchase, since they draw from different accounts (a dedicated FHSA versus your existing RRSP). Used together, a couple could potentially access well over $100,000 in combined contributions and withdrawals toward their first home, depending on how long they've been contributing.
Is there a deadline to use these programs?
The FHSA must be opened and closed within specific windows tied to your first qualifying withdrawal, and HBP withdrawals must occur within 30 days of taking possession of the home. The Land Transfer Tax Rebate must be claimed at registration. None of these can be applied retroactively after closing, which is why timing the program setup before you're under contract matters.
Does it cost anything to use Kaizen's First-Time Buyer Program guidance?
No. As your buyer's agent, our commission is paid through the transaction by the seller's side, exactly as it would be for any buyer representation. The eligibility check, program guidance, and mortgage professional referral are all part of that representation — there's no separate fee for any of it.
What if I'm not sure whether I still qualify as a first-time buyer?
That's exactly what the free eligibility check is for. Past ownership, spousal ownership, and out-of-province property history can all affect your status under different programs, and the answer isn't always obvious. We'll walk through your specific history before you commit to anything.
Your Advisors
Kaizen Real Estate Team · Markham, Ontario

Find Out What You Actually Qualify For.

One free call. We'll check your eligibility against all four programs, tell you what they're worth in your specific situation, and map out the right order to claim them — before you make an offer on anything.

(647) 370-8885 [email protected] 8763 Bayview Ave #127, Richmond Hill, ON
4
Incentives Checked in One Call
$4,000
Max Land Transfer Tax Rebate
$0
Cost for Buyer Representation
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