Sales Representative

HomeLife/Bayview Realty Inc., Brokerage*

(905) 889-2200
Email Me

Government Programs for Home Buyers

12 Step Guide to Buying Your Home Additional Costs When Buying a Home Government Programs for Buyers
Buying Strategies House Hunting Checklist Calculators
Dream Home Checklist Buying the Best House Title Insurance





A home is usually the single largest investment that most people make in their lives. Achieving your dream can be made easier by taking advantage of various Government Programs for home buyers and property owners. Some of the programs are targeted to first-time buyers, while others apply more generally. Other programs benefit those in the industrial, commercial and multi-unit property market. Your REALTOR can provide information on these programs and help you to determine your eligibility.


CMHC Purchase Plus Improvements

According to the Mortgage Consumer Survey, 37% of mortgage consumers didn’t know their renovation costs could be added to their mortgage (up from 31% in 2018).

Canada Mortgage and Housing Corporation (CMHC) insured mortgage loans are available to cover the purchase price of a home as well as an amount to pay for immediate major renovations or other improvements that the purchaser may wish to make to the property.

This option eliminates the need to obtain secondary financing after the purchase to pay for improvements. The homebuyer obtains a single first mortgage, makes a single mortgage payment, and benefits from first mortgage interest rates.

  • Flexible advancing options for small- or large-scale improvements and new construction.
  • Insured financing up to 95% of “as-improved” value for 1 or 2 unit owner-occupied properties, and up to 90% for 3 to 4 unit owner-occupied properties.
  • Down payment requirements are based on the lending value as determined by CMHC, which is the lower of the market value or the purchase price/cost of construction.

Energy efficiency rebate

CMHC Green Home offers a premium refund up to 25% to borrowers who buy, build or renovate for energy efficiency using CMHC-insured financing.

For more information call CMHC at (416) 221-2642 or www.cmhc.ca.


Purchase Price $100,000
Renovations/improvements costs $25,000
Total cost $125,000
Lending Value $125,000
Maximum Mortgage (95%) $118,750
Minimum 5% down payment $6,250



HST New Housing Rebate


You may be eligible to claim a rebate for a part of the HST you pay on the purchase price or cost of building your home if:

  • You buy a new or substantially renovated home (including the land or if you lease the land) from a builder.
  • You buy a new mobile home (including a modular home) or a floating home from a builder or vendor.
  • You buy a share of capital stock of a co-operative housing corporation.
  • You construct or substantially renovate your own home, or carry out a major addition (or hire another person to do so).
  • Your home is destroyed in a fire and is subsequently rebuilt.


  • Resale homes are exempt from the 6% HST.
  • New homes are subject to the 6% HST. New home buyers can apply for a 36% rebate of the 6% HST applicable to the purchase price to a maximum of $7,560 for homes costing $350,000 or less before HST.
  • For new homes priced between $350,000 and $450,000 before HST, the HST rebate would be reduced proportionately.
  • New homes priced $450,000 before HST or higher would not receive a rebate.



In the GTA, most builders include the HST in the price of the house, and any rebate would be assignable to the builder as they would be absorbing the net HST cost.

Just Listed 15 Claridge Drive South Richvale Detached Bungalow

15 Claridge Dr ,  N5672102, Richmond Hill,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Lovely Home In Prestigious South Richvale Community Among Multi-Million Dollar Homes*Your Opportunity To Live Or Build Your Home*Updated Kitchen & Bathrooms*New Laminate Flrs*Potlights*New Steel Front Door*New Vinyl Sliding Patio Door*Huge Deck*Dble Driveway*Short Walk To Yonge Street Shops, Banks, Restaurants, Schools, Parks, Theatre, Hillcrest Mall*Close To Hwy 407,Future Yonge North Subway Extension, Go Train, Golf. Close To Everything!****

View 15 Claridge Dr

Thinking of Buying or Selling?

By submitting this form, you are providing express consent to receive commercial electronic messages from www.sellhomestoronto.com. You may unsubscribe at any time.

Featured Listings

1909 - 9500 Markham Rd N,  N5639835, Markham,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Luxurious Upper Village Condo By Green Park, 9Ft Ceiling, A Phenomenal Clear View From The Open Balcony, Walk-Out To Large Balcony. Kitchen With Granite Countertop, Stainless Steel Appliances, Master Bedroom With Large Walk In Closet & Stack Linen Shelves, Ensuite Samsung Washer & Dryer, Parking & Locker Included, Great Amenities,24 Hr Concierge, Walking Distance To Mount Joy Station, Public Transit, Top-Rank Schools, Neighborhood Shopping Malls, Restaurants

View 1909 - 9500 Markham Rd N

Featured Listings

80 Richardson Dr,  N5672872, Aurora,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Beautiful 3+2 Bdrm Bungalow, Perfect Home For A First Time Buyer/Young Family Or Investor/Builder, Freshly Renovated With New Floors, New Appliances, Painted Thru-Out, Premium Lot 50X140Ft, This Family Orientated Community Is Mins From Shopping, Schools, Theatre, Public Transit, Hwy's & More! Possible Conversion To Two Separate Apartments!

View 80 Richardson Dr

Featured Listings

59 Meadowsweet Lane,  N5628122, Richmond Hill,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Premium Ravine Lot! Stunningly Renovated Top To Bottom (2022), Gorgeous Energy Star Home In A Highly Desirable Oak Ridges Lake Wilcox Neighborhood. Perfusion Of Light Is Awakening In This Home W/Large Windows Throughout. Fully Renovated Large Kitchen With Waterfall Island ('22) & Brand New Appliances & Walk-Out To Pool Sized Backyard & Overlook To Green Belt. 9' Ceiling. Finished Basement With Ample Space For Exercise & Entertainment. Fireplace On Each Floor! Double Driveway. 7.5" Hwd Main & 2nd Floor ('22). All Bathrooms Upgraded ('22). All Closets W. Organizers ('22).Close To All Amenities, Schools, Restaurants, Parks & Trails, Yonge St., Go Station, Highway 404. Truly A Place For Your Family To Enjoy And Grow. Must See!

View 59 Meadowsweet Lane

Featured Listings

1404 - 75 North Park Rd,  N5655823, Vaughan,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Excellent Contemporary Sun-Filled 1 Bedroom Suite In A Great Area Of Bathurst Glen. Numerous Impressive Upgrades Include: 9 Ft Ceiling, All Laminate Flooring, Upgraded Extended Kitchen Cabinets With Backsplash And Granite Countertop, S/S Appliances, Owned One Parking And Locker. Convenient Location Close To Disera Shopping Village, Promenade Mall And Plazas, Public Transportation, Reputable Wilshire Elementary School And Westmount High School. Luxury Building Amenities: Concierge, Indoor Pool, Guests Suites, Exercise Room, Visitor Parking.

View 1404 - 75 North Park Rd

What's your home worth?

Exclusive FREE online evaluation!

Dream Home Finder

Finding your Dream Home has never been this easy!