First-time buyers

Your first home in the GTA is doable — with the right plan

Prices are high, but the toolkit has never been bigger: tax-free FHSA savings, the $60,000 Home Buyers' Plan, 30-year insured amortizations for first-time buyers, and up to $8,475 back in land transfer tax rebates in Toronto. We put the pieces together and get you pre-approved — free.

The 2026 first-timer toolkit

  • FHSA: save $8,000/year (to $40,000) — deductible going in, tax-free coming out. FHSA vs HBP →
  • Home Buyers' Plan: withdraw up to $60,000 from your RRSP per buyer — stackable with the FHSA.
  • 30-year insured amortization: available to first-time buyers, lowering the monthly payment.
  • Land transfer tax rebates: up to $4,000 (Ontario) plus $4,475 (Toronto) back at closing.

Today's rates

Market range as of 2026-07-03 · ● Holding steady
TermMarket rate range
5 Year Fixed 3.94% – 4.39%
3 Year Fixed 3.84% – 4.34%
5 Year Variable 3.30% – 3.70%
Prime rate 4.45%
Bank of Canada policy rate 2.25%

See the full picture on our rates page.

Get pre-approved

A pre-approval locks a rate for up to 120 days and tells you your true budget before you shop.