First-Time Buyer Toolkit

Name: First-Time Buyer Toolkit
Rating: 4.8 (1240 reviews)
Author: Homees

Land transfer tax, rebates, FHSA, HBP & closing costs

About your purchase

We’ll total the real cash you need on closing day.

Home price$650,000

Down payment$60,000

Minimum for this price: $40,000

Province

First-time buyer?

Tax-free funds you’ll use

FHSA saved

Max $40,000 lifetime

RRSP Home Buyers’ Plan

Max $60,000

Cash needed to close

$76,225

Your down payment meets the minimum ✓

Down payment$60,000

Land transfer tax (net)$10,475

Closing costs$5,750

FHSA + HBP available$51,000

Includes first-time buyer rebates

Where your closing cash goes

Down payment

$60,000

Provincial LTT

$5,475

Toronto LTT

$5,000

Closing costs

$5,750

First-time rebates save you $8,475

Looking good

You’re in a strong position to buy.

A local Homees agent can turn these numbers into a real shortlist — and a winning offer.

Verified Homees agents · replies within 24h

No cost, no obligation

They see your full report

Local market expertise

Take your numbers with you

Download your closing-cost cheat sheet. Earns +50 IQ.

Ontario & Toronto land transfer tax with first-time rebates (up to $4,000 ON + $4,475 Toronto). Closing costs estimated. Guidance only. © Homees

Keep going

Your next 3 moves

Affordability Calculator

Get your real max purchase price.

Open

Down Payment Planner

Plan your savings timeline.

Open

True Cost of Owning

Every monthly cost, not just the mortgage.

Open