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HomeLife/Bayview Realty Inc., Brokerage*

(905) 889-2200
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Government Programs for Home Buyers

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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.

Featured Listings

123 Blue Dasher Blvd,  N5288334, Bradford West Gwillimbury,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Over 3,000 Sqft Of Finished Living Space Upgraded Thru-Out! 9' Ceilings On Main, Bright & Open Concept Kitchen W/Ss Appl, Centre Island & W/O To Interlock Stone Patio. Fam Rm W/Gas Fire Pl. Master With W/I Closet, Renovated 4Pc Ensuite W/Glass Shower. Main Flr Laundry W/Access To Garage. Finished Basement W/3Pc Bath & Cold Rm.

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Stunning Unobstructed Cn Tower & Water View Features This East Facing One + Den.This Unit Is Absolutely Breath Taking! Modern Open Concept Kitchen & Dining.Interior 600Sf + 45Sf Balcony.Over 23,000 Sf Of Hotel-Style Amenities.Loblaws Flagship Store, Shoppers Drug Mart, Joe Fresh,Lcbo & More Retails Offered In The Same Courtyard At Your Doorstep!!! Steps To Lake, Street Car, Schools, Parks And King West Village.*Parking & Locker*.

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1513 - 50 Bruyeres Mews,  C5223775, Toronto,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

"Local At Fort York", Unobstructed View Across From Historical Fort York. Walking Distance To Transit, Rogers Centre, Cn Tower And Waterfront. Close To Popular Neighbourhoods Such As King West, Queen West And The Entertainment District. Amenities Include: Dining Area, Exercise Room, Rooftop Terrace, Guest Suite & Garden.

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Featured Listings

31 Petunias Rd,  W5314373, Brampton,  for sale, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Spacious 4 Bedroom 5 Level Back-Split With Large Eat-In Kitchen. Separate Entrance To Finished Basement Apartment. Great Investment Property, Very Desirable Location. The Seller Or Listing Agent Do Not Warrant The Status Of The Basement Apartment.

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