Loading...

Selected

    When would you like to visit...

    Complete the form below:
    Schedule a showing (optional):

    Sutton Group Realty Systems

    Brokerage

    Sutton Group Realty Systems Inc., Brokerage

    iTorontoRentals First Time Buyer Incentive Banner

    Great News for First Time Buyers

    More government incentives that can help bring home ownership dreams to reality!

    The First Time Buyer Incentive Program

    The First Time Home Buyer Incentive helps qualified first time buyers reduce their monthly mortgage carrying costs without adding to their financial burdens. Up to 1.25 billion dollars has been set aside to help lower mortgage costs for eligible Canadians, on a First Come First Service Basis.  


    Buyers will need to have a minimum down payment to be eligible, which can be from your qualified R.S.P.  Just keep in mind this is a C.M.H.C. insured mortgage program. Total down payment is to be “less” than 20% downYou can then apply for the 5% Down Payment Incentive, giving you an extra 5% down on resale purchases or 10% on new construction.  Simplified, this is a shared equity mortgage program with the Government of Canada. 


    The Incentive funds will be a second mortgage on title.  There will be no regular principal payments, no interest and has a maximum repayment term of 25 years or sooner if the property is sold. You can repay the Incentive at any time without a prepayment penalty.  However, the repayment is based on the property’s fair market value.


    The Government will share in the upside and downside of the property value upon repayment.   Essentially the government is re-paid by their shared equity from the value of the property.


    How Does it Work?

    The incentive enables first-time homebyers to reduce their month morgage payment without increasing their downpayment. The incentive is not interest bearing and does not require ongoing payments.


    Through the First-Time Home Buyer Incentive, the Government of Canada will offer:

    5% for a first-time buyer's purchase of a re-sale home

    5% or 10% for a first-time buyer's purchase of new construction

    An example, you receive a 5% incentive of a resale home that you purchase for $480,000, and you receive a $24,000 incentive, then perhaps your home value increases to $600,000 your payback would be 5% for the current value which would be $30,000. 

    Eligibility and Requirements

    Who Can Apply?


    • Canadian citizens, permanent residents, and non-permanent residents who are legally authorized to work in Canada


    • Borrowers must have a maximum qualifying income of $120,000
      • Total qualifying income must be $120,000 per year or less
      • This is subject to qualifying income requirements set out by lenders and mortgage loan insurers


    • ​At least one borrower must be a first-time homebuyer


    More Information and Resources

    For more First Time Home Buyer Incentive Program Details download more information below. 


    Home Buyers Government Incentives - Down Payment Program


    A simple example would be if your combined income is 120,000 x 4 the maximum purchase price would be $480,000 plus the down payment. There is a scaling price based on your down payment and the governments incentive so we have created a spread sheet for easy reference.


    Maximum Purchase Price Charts for the First Time Buyers Program


    Call us today for more details at 416-896-3333 for this and other Government Programs available to help you with Home Ownership. Funds are limited, and timing is important, so please ensure to get all the details for a well-planned home purchase.


    Your Sutton Realty agent will have a list of resale and new construction developments in your selected area. 



    Happy House Hunting from your Sutton Realtor

    Featured Listings Under $600,000

    Loading...

    Our Listings Under $600,000

    + Advanced Search
    reset filter
    3,780 Listings Found
    Loading...
    You are viewing 2,213 out of 3,780 Listings. Quick Sign Up for full access.
    MLS®#:E5300384
    Status:For Sale 
    Type:Condominium
    Community:Lakeview - Oshawa
    • 4+0

    • 2

    • Area:

      1200-1399 Sq Ft

    Rarely Offered 4 Bedroom Unit! Spacious And Bright! New Laminate Flooring On Main Level, Heat/Hydro/Water All Included With Maintenance Fee, Fenced In Yard Overlooking Open Courtyard, Partially Finished Basement For Extra Living Space, With Powder Room! Updated Electrical And Panel. Comfortable Principal Rooms, Parking Not Far From Unit. Parking/Sn....More details

    View Details
    • 4+0

    • 2

    • Area:

      1200-1399 Sq Ft

    MLS®#:X5307801
    Status:Sale Pending 
    Type:Condominium
    City:Waterloo
    • 2+0

    • 2

    • Area:

      900-999 Sq Ft

    Excellent Opportunity For Investors And "University Parents" In Waterloo. Beautiful 2Bedroom, 2 Full Washroom Unit With An Open Balcony. It Is A New Building With An Excellent Location, Only A 9 Min Walk To Wilfrid Laurier University And A 6 Minute Drive To The University Of Waterloo. Close To Express Hwy 85 & Lrt. A Great Quantity Of Fast Food Opt....More details

    View Details
    • 2+0

    • 2

    • Area:

      900-999 Sq Ft

    MLS®#:X5302176
    Status:For Sale 
    Type:Residential
    Community:Rural Galway-Cavendish and Harvey - Galway-Cavendish and Harvey

    Build Dream Home On 6.87 Acre Estate-Lot W/ Water Access To Lower Buckhorn Lake Just Access The Rd Which Is Part Of The Trent-Severn Waterway! This Land Offers Mature Trees For Privacy, A Small Creek, Beautiful Granite Outcropping & Has Space Already Cleared W/ Drilled Well In Place. Located Just A Short Drive From Buckhorn.. Imagine Living Year-Ro....More details

    View Details
    $499,888

    9 Green St W

    MLS®#:X5314969
    Status:For Sale 
    Type:Residential
    Community:Fenelon Falls - Kawartha Lakes
    • 5+0

    • 2

    In Lovely Tourist Town, You Will Not Be Disappointed W/ This Large Well-Maintained Home. Spacious Kitchen, Ample Cabinets & Counter Space. Open Dining Area To Kitchen W/ Walk-Out To Deck. Large Family Room, 5 Large Bdrms (4 W/ Walk-In Closets). 2 Baths And Main Floor Laundry. Large Back Yard W/ Private Back Deck That Goes To Lower Patio. Location I....More details

    View Details
    • 5+0

    • 2

    $299,000

    55 Franklin St

    MLS®#:X5294077
    Status:For Sale 
    Type:Residential
    Community:Curve Lake First Nation - Curve Lake First Nation 35
    • 2+1

    • 2

    Corner Lot 4 Season Home. Open Concept Kitchen/Dining Rm/ Living Rm W/ 3 Bed 2 Bath And Fully Finished Bsmt W/ Walk Out & Large Deck. Large Garage W/ Access From Front & Side. Lovely Landscaped Yard & Path Taking You To Waterfront Access On Buckhorn Lake W/ Dock On The Trent Severn Waterway. Land Is Leased Through Department Of Indian And Northern ....More details

    View Details
    • 2+1

    • 2

    MLS®#:S5314337
    Status:For Sale 
    Type:Condominium
    Community:Collingwood - Collingwood
    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    Spacious 2 Bdrm,2 Bath. Desirable Community In The Family Friendly Community Of Cranberry. Well Maintained Bright, Beautiful Upper Level End Unit Steps To All The Amenities Trails, Water, Golf, Short Drive To All The Ski Hills And Downtown. Situated In A Low Traffic Mature Neighborhood. Walk Out To Back Deck From Sliding Doors Surrounded By Mature....More details

    View Details
    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    MLS®#:X5310373
    Status:For Sale 
    Type:Residential
    Community:Rural Smith-Ennismore-Lakefield - Smith-Ennismore-Lakefield
    • 3+2

    • 2

    • Area:

      2000-2500 Sq Ft

    Great 5 Br Raised Sput Level Brick And Aluminum Siding Bungalow W/ Fully Finished Lower Level W/Walkout & Sep Living Accomodations. Lrg L/R W/ Big Bright Windows, Separate Dining, Brkfst Nook, Tons Of Cupboard Space In Kit & Rest Of House. 3Pc Bath Down And 4Pc Up, Lrg Foyer. Walkouts To Deck Area. Beautiful Treed Landscaped Yrd Fully Fenced. Huge ....More details

    View Details
    • 3+2

    • 2

    • Area:

      2000-2500 Sq Ft

    $479,900

    1202 - 4 Lisa St

    MLS®#:W5291687
    Status:For Sale 
    Type:Condominium
    Community:Queen Street Corridor - Brampton
    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    Welcome To This Beautiful Well Kept Place That You Can Make Your Home. It Has Two(2) Big Size Bedroom Along With Separate Office Space Den Area And One(1) Full Washroom. Steps Away From Bramalea City Center, Brampton Transit Terminal And Go-Transit Stop. Very Well Kept Building. New Elevators,Tennis Court, Swimming Pool, Play Area For Kids. Located....More details

    View Details
    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    MLS®#:W5304723
    Status:For Sale 
    Type:Condominium
    Community:City Centre - Mississauga
    • 1+1

    • 1

    • Area:

      700-799 Sq Ft

    Beautiful 1 Bedroom + Den Located In The Heartbeat Of Mississauga, Within The Luxurious Ovation Tower. Features Include A Lobby Area, Concierge Service, On Site 24 Hour Security. Building Amenities Includes: Movie Theater, Bowling Alley, Gym (With Classes), Newly Designed Games Room, Sauna, And Much More! Beautiful Views From Your Master Retreat Su....More details

    View Details
    • 1+1

    • 1

    • Area:

      700-799 Sq Ft

    MLS®#:E5312246
    Status:For Sale 
    Type:Condominium
    Community:Clairlea-Birchmount - Toronto
    • 2+0

    • 2

    • Area:

      800-899 Sq Ft

    Welcome To Mattamy's Popular "Birchcliff" Model Featuring 2 Bdrm, 2 Bath Plan With Balcony, Parking And Locker And Walking Distance Warden Subway Station And Warden Hilltop Community Ctr And Mall. This Unit High End Upgrades Such As Upgraded Kitchen/Foyer Flooring, Premium Paint In All Rooms, Pot Lights Throughout(With Dimming), Granite Counters, C....More details

    View Details
    • 2+0

    • 2

    • Area:

      800-899 Sq Ft

    MLS®#:W5308852
    Status:Sale Pending 
    Type:Condominium
    Community:Erindale - Mississauga
    • 3+0

    • 3

    • Area:

      1400-1599 Sq Ft

    Beautiful Bright & Spacious 3+3 Townhome Situated In A Quiet Family Neighbourhood In The Heart Of Erindale. Fully Renovated, Open Concept & Provides You W/ An Upscale Living Space & Added Features Making It The Perfect Home For Entertaining. Newly Finished Bsmt With Your Own Private Gym, 3 Pc Bathroom And An Office. Minutes Away From Shopping, Erin....More details

    View Details
    • 3+0

    • 3

    • Area:

      1400-1599 Sq Ft

    MLS®#:W5315656
    Status:For Sale 
    Type:Condominium
    Community:Elms-Old Rexdale - Toronto
    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    Spacious 3 Bdrm Condo With Parking In Sought After Location. Well-Designed Layout With Balcony. Easy Access To Hwys 400,401,427.Ttc At Your Doorstep. Close To Schools, Parks, Shopping & Humber River Trail. Well Maintained, Building Amenities, Outdoor Pool, Gym, Sauna, Party/Meeting Room, Bbqs Allowed, Visitor Parking. Evening Security 7 Days Week. ....More details

    View Details
    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    MLS®#:W5261085
    Status:For Sale 
    Type:Condominium
    Community:Yorkdale-Glen Park - Toronto
    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    Enjoy Italian Inspired Living At Treviso Condos! Situated On The Quiet Side Of The Building, This One Bedroom Condo Features Rare 9 Foot Ceilings, Massive Windows, Stainless Steel Appliances And Upgraded Lighting. Perfect For First Time Buyers Or Investors With Affordable Maintenance Fees. 1 Underground Parking And 2 Lockers! Gorgeous Building With....More details

    View Details
    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    $499,999

    21-19 Asher St

    MLS®#:X5312973
    Status:For Sale 
    Type:Residential
    City:Welland
    • 3+0

    • 2

    Investor's Paradise! Beautiful Property, Recently Renovated! Brand New Doors, Windows, Updated Wiring, Plumbing, Washroom Fixtures. Freshly Painted. Ready To Live Or Rent! Two Addresses On One Plot! Cottage At The Back, Blank Slate For Renovations. Potential Of 1Br+1W Unit. Live In One Unit Yourself And Rent Another Or Rent Both The Units! (Potenti....More details

    View Details
    • 3+0

    • 2

    MLS®#:N5286812
    Status:For Sale 
    Type:Condominium
    Community:Vaughan Corporate Centre - Vaughan
    • 1+0

    • 2

    • Area:

      600-699 Sq Ft

    Invest In Future Downtown Vaughan Now! Beautiful Brand New, Modern Design In The Luxurious Nord Condos. Located In The Heart Of Vaughan, A Short Walk To Vaughan Metro Centre Subway. Upgraded Kitchen, Modern Track Lighting In The Kitchen, Smooth Ceilings Throughout. Minutes To 400/407, Shops, Great Dining, Groceries, Parks, Universities. Resort Like....More details

    View Details
    • 1+0

    • 2

    • Area:

      600-699 Sq Ft

    MLS®#:W5301675
    Status:For Sale 
    Type:Condominium
    Community:Fletcher's Creek South - Brampton
    • 3+1

    • 2

    • Area:

      1400-1599 Sq Ft

    Immaculate!! Show Stopper!!! This Beautifully Updated Condo Boast One Of The Largest Floor Plans At 1448 Sq Ft. Situated In The Prestigious "Crown West" Building. This Corner Unit Has 3 Bedrooms Plus A Den And 2 Full Updated Bathrooms. Bright Living And Cozy Dining Room, Kitchen With Granite Counter Tops, Breakfast Bar, Pantry And New Stainless St....More details

    View Details
    • 3+1

    • 2

    • Area:

      1400-1599 Sq Ft

    MLS®#:C5314263
    Status:For Sale 
    Type:Condominium
    Community:Mount Pleasant West - Toronto
    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    Extra Luxury 101 Erskine By Tridel! This 1 Bed + Study Nook Possesses A Functional Layout & Boasts A Designer Kitchen W/Integrated Appliances, Quartz Counters & Backsplash, Gleaming Laminate Flooring Throughout, Mirrored Closets, And A Spacious Balcony W/Unobstructed Sw Views. Incredible Amenities: Roof Garden W/Infinity Pool, Gym, Yoga Studio, Mov....More details

    View Details
    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    $421,000

    12 Fire Route 27

    MLS®#:X5287785
    Status:For Sale 
    Type:Residential
    Community:Rural Galway-Cavendish and Harvey - Galway-Cavendish and Harvey
    • 3+0

    • 1

    Enjoy Deeded Access Directly Across The Road On Buckhorn Lake. Leave Your Canoe Or Kayak On The Shore Or Enjoy A Swim At The Narrows Of Buckhorn Lake. 3-Bedroom Cottage Is Nicely Kept With An Open Concept Kitchen Living Area And A 3 Pc Bath. Enjoy The Large Deck Overlooking The Lake & The Lovely, Treed Property. Call For Your Showing Today. Large S....More details

    View Details
    • 3+0

    • 1

    3,780 Listings Found
    Loading...

    Load More

    Loading...

    Contact Us