Buying your first home is an exciting milestone — but it also comes with a steep price tag. From land transfer taxes to home upgrades, first-time buyers often face more expenses than expected after getting the keys.
If you’ve been searching “first-time home buyer incentive Ontario,” “how to buy a house in Canada,” or “grants for first-time home buyers,” you’re not alone. This guide breaks down what financial help is available — and how iFinance Canada can help fund home improvement projects your mortgage may not cover.
🏡 What Is the First-Time Home Buyer Incentive?
The First-Time Home Buyer Incentive (FTHBI) is a federal program designed to reduce monthly mortgage payments through a shared equity loan:
- 5% or 10% loan for newly built homes
- 5% loan for resale or mobile/manufactured homes
- Repaid after 25 years or when the home is sold
💰 Additional First-Time Buyer Grants & Rebates
| Program Name | Benefit |
| HBTC (Home Buyers’ Tax Credit) | Up to $1,500 in tax savings |
| GST/HST Housing Rebate | Partial refund on new home sales |
| Ontario Land Transfer Tax Rebate | Up to $4,000 off provincial tax |
| Toronto Land Transfer Rebate | Up to $4,475 in local savings |
These programs help reduce your upfront costs — but they don’t always cover what comes next.
🔨 Where iFinance Canada Comes In
Government grants and tax credits can help with your down payment or legal fees, but if you’re planning home upgrades, renovations, or improvements through an approved contractor, that’s where iFinance Canada steps in.
💳 iFinance Home Improvement Loans for First-Time Buyers
We offer fast and flexible loans through approved renovation and home improvement partners across Canada. Whether you’re upgrading your kitchen, installing new windows, or finishing a basement — we help make your vision affordable.
What you get with iFinance:
- Financing up to $40,000
- Repayment terms from 12–84 months
- No home equity required
- No early payment penalties
- Simple online application through our approved partners
These loans are available only through businesses we work with — such as licensed contractors and home renovation companies.
📍 Available Across Canada
Whether you’re looking into the First-Time Home Buyer Incentive in Toronto, tax rebates in Ontario, or simply planning your home improvements, iFinance is here to help — through our network of trusted service providers.
🏁 Final Thoughts: Incentives Open the Door — iFinance Helps You Make It Home
Getting into your first home is a big step — and with iFinance Canada, you can make that space your own without financial stress.
👉 Ask your contractor or renovation provider if they offer iFinance Canada as a payment option.
