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    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

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    Our Listings Under $600,000

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    $459,900

    646 Donegal St

    MLS®#:X4829090
    Status:For Sale 
    Type:Residential
    Community:Monaghan - Peterborough
    • 3+1

    • 1

    3+1 Bedroom Home Has Been Lovingly Updated And Meticulously Cared For. Recent Upgrades: Heated Above Ground Pool, Deck, Insulated Garage Door/Opener, Security Cameras, New Bedroom Carpets. Main Floor Features Bright And Open Concept Kitchen/Dining Room With Newer Appliances, Large Living Room With Cozy Natural Gas Fireplace, And 2 Bedrooms. Upper F....More details

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    • 3+1

    • 1

    $539,000

    7 Renaissance Pt

    MLS®#:N4824444
    Status:For Sale 
    Type:Condominium
    Community:Alliston - New Tecumseth
    • 1+1

    • 3

    • Area:

      1200-1399 Sq Ft

    Stunning Maintenance-Free Home Close To Gta In One Of Ontario's Premier Lifestyle Communities. Beautiful "Cezanne" Model In Briar Hill Features Bright Spacious Rooms & You Will Find Yourself In The Tranquillity Of The Countryside With All The Amenities & Conveniences Just Outside Your Door. Main Floor Master Bedroom, Deck To The Backyard With Matur....More details

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    • 1+1

    • 3

    • Area:

      1200-1399 Sq Ft

    $579,900

    19 Kolbe Dr

    MLS®#:X4806526
    Status:Sale Pending 
    Type:Residential
    Community:Norfolk - Norfolk
    • 2+1

    • 3

    • Area:

      1100-1500 Sq Ft

    Located In A Safe & Friendly Neighbourhood, A Short Distance To Downtown Port Dover & The Beach. Open Concept Design, 2+1 Bdrm, 3 Full Bath Bungalow, Attached Double Car Garage W/ Finished Bsmt. Functional Kitchen W/ Separate Dinette Area, Great Room, Main Floor Master W/ Ensuite & His/Hers W/I Closets, Hrv System, Central Air/Vac, Custum-Built 12X....More details

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    • 2+1

    • 3

    • Area:

      1100-1500 Sq Ft

    MLS®#:N4824666
    Status:For Sale 
    Type:Condominium
    Community:Alliston - New Tecumseth
    • 2+0

    • 3

    • Area:

      1000-1199 Sq Ft

    Well Maintained And Fully Finished Top To Bottom. Feat. Lrg Open Concept Living/Dining, Fully Updated Eat-In Kitchen With W/O To Back Deck. Main Fl Master With En-Suite And Walk-In Jetted Tub. Main Fl Laundry W Entry To Garage. Lower Lev. Features 2nd Bedroom, Xl Rec Living Space, 3-Pc Bath With W/I Shower, Lrg Utility Room With Work Bench And Stor....More details

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    • 2+0

    • 3

    • Area:

      1000-1199 Sq Ft

    $369,000

    486 Talbot St

    MLS®#:S4769338
    Status:For Sale 
    Type:Residential
    Community:Port McNicoll - Tay
    • 1+0

    • 2

    • Area:

      1500-2000 Sq Ft

    Great Commercial Exposure, Corner Lot On The Main St. Over 1150 Sq.Ft Of Commercial Space Including An Office And 2 Pc Washroom + 550 Sq.Ft 1 Bedroom Unit With Separate Entrance. Many Recent Upgrades, New Siding And Newer Gas Furnace (2015). Currently A Used Car Dealership But Zoning Permits Several Other Uses. More Information Or A Complete List O....More details

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    • 1+0

    • 2

    • Area:

      1500-2000 Sq Ft

    MLS®#:S4800038
    Status:For Sale 
    Type:Residential
    Community:Port Severn - Severn

    Amazing Opportunity To Build Your Dream Home Or Cottage On This Beautiful, Sunny, West-Facing Waterfront Lot. Enjoy 129 Ft Of Waterfront And Just Over An Acre Of Land Located On The Trent Severn Waterway With Easy Access To Georgian Bay And The Community Dock! This Is Truly A Rare And Unique Opportunity To Secure Prime Waterfront On The Quiet Point....More details

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    MLS®#:W4800688
    Status:Sale Pending 
    Type:Condominium
    Community:Orchard - Burlington
    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    This Fantastic 2 Bdrm 2 Bath Condo Sums Up All Things Urban And Modern For The Ultimate In Convenience Lifestyle. The Building Is Sleek And Stylish Offering Concierge/Security, Underground Parking, Exercise And Party Rooms And A Beautiful Terrace For Outdoor Gatherings. Close Proximity To All Major Amenities, The Qew And 407. Investors Welcome, Uni....More details

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    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    MLS®#:N4771197
    Status:For Sale 
    Type:Condominium
    Community:Maple - Vaughan
    • 1+0

    • 2

    • Area:

      600-699 Sq Ft

    Suite 1014 Has Been Meticulously Renovated With High-End Finishes. 1Bedroom + Den 656Sqft Onyx Model. Custom Kitchen Includes White Cabinetry W/ Maple Interiors, Quartz C-Tops/Bsplash, S/S Apron Front Sink, Upgraded Cabinet Hardware, S/S Appliances And A Design That Features A B/I Electric Cooktop, Microwave Drawer And Wall Oven. The En-Suite Bathr....More details

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    • 1+0

    • 2

    • Area:

      600-699 Sq Ft

    MLS®#:X4790956
    Status:For Sale 
    Type:Condominium
    City:Brantford
    • 2+0

    • 1

    • Area:

      900-999 Sq Ft

    Welcome To Harmony Square In The Heart Of Downtown Brantford. The Unit Has An Open Concept Living And Dining Area With 2 Large Bedrooms, 1 Bathroom And A Large Kitchen, Located Step Away From Laurier University, Conestoga College, Shops, Grocery Stores, Casino, Public Transit, And Go Bus Station. Double Balcony ,Coin Laundry. Great Opportunity For ....More details

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    • 2+0

    • 1

    • Area:

      900-999 Sq Ft

    $599,000

    651 Kemp Common

    MLS®#:W4782970
    Status:For Sale 
    Type:Residential
    Community:Shoreacres - Burlington
    • 2+0

    • 2

    • Area:

      700-1100 Sq Ft

    Bright 3 Storey Townhouse With Foyer Entrance At The First Floor, 2 Bedrooms Plus Den/Office At 3rd Floor, Open Kitchen With Large Granite Countertop Eating Bar, Great Living Room And Balcony At 2nd Floor, Minutes Access Qew Walkers Line And Applybe Go Station, Walk To Nelson Park And Nelson High School.

    View Details
    • 2+0

    • 2

    • Area:

      700-1100 Sq Ft

    MLS®#:W4777010
    Status:For Sale 
    Type:Condominium
    Community:Black Creek - Toronto
    • 4+1

    • 2

    • Area:

      1000-1199 Sq Ft

    Newly Renovated Townhouse With New Washroom And 4 Generous Size Bedroom. 4 Pc Bath On 2nd Floor And 2 Pc Bath On Main. Open Concept Living And Dining Room With Walk Out To Private Garden. Underground Parking Spot Close To The House. This Is Close To Ttc, Shopping And Highways. And New Metrolink Subway.

    View Details
    • 4+1

    • 2

    • Area:

      1000-1199 Sq Ft

    MLS®#:E4799433
    Status:For Sale 
    Type:Condominium
    Community:Agincourt South-Malvern West - Toronto
    • 4+0

    • 2

    • Area:

      1600-1799 Sq Ft

    Prime Location Of Agincourt. Very Rare To Find **4 Bed**+**2 Baths**+**2 Parking (Tandem)**. Approx, **1700 Sq.Ft, Corner Unit With Lots Of Natural Light**.Laminate Floors Installed In Bedrooms. Spacious Laundry Rm W/ Storage Space. Transportation Just Steps Away - Go Station And Ttc. Only 26 Mins From Agincourt Go To Downtown. New Paint (2020). Cl....More details

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    • 4+0

    • 2

    • Area:

      1600-1799 Sq Ft

    MLS®#:S4810484
    Status:For Sale 
    Type:Condominium
    Community:Wasaga Beach - Wasaga Beach
    • 3+0

    • 3

    • Area:

      1200-1399 Sq Ft

    Luxury Living At The Aqua Building In Wasaga Beach. Enjoy The Sunsets From Your Private Patio And Its Just Steps To The Beach! This Is Truly One Of The Best Views In The Building. Flamingo Floor Plan Is 1265' With 3 Bedrooms And 2.5 Baths. Hardwood Flooring Throughout, Central Air, Fireplace And Bbq Hook Up. Both Full Baths Have Frameless Glass Sho....More details

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    • 3+0

    • 3

    • Area:

      1200-1399 Sq Ft

    MLS®#:S4804128
    Status:For Sale 
    Type:Condominium
    Community:Wasaga Beach - Wasaga Beach
    • 3+0

    • 3

    • Area:

      1200-1399 Sq Ft

    Gorgeous Well Maintained Unit In Aqua Luxury Condo Right On The Beach! Enjoy Breathtaking Sunsets From Your Private Patio Or The Heated Pool. Totally Upgraded 3 Bedroom Unit With Hardwood Flooring Throughout, 7" Baseboards, Granite Counters In Kitchen And Bathrooms. Spacious Open Concept Living Area With Gas Fireplace And Walkout To Patio And Beach....More details

    View Details
    • 3+0

    • 3

    • Area:

      1200-1399 Sq Ft

    $439,900

    2203 - 8 Lisa St

    MLS®#:W4812324
    Status:For Sale 
    Type:Condominium
    Community:Queen Street Corridor - Brampton
    • 2+1

    • 2

    • Area:

      1000-1199 Sq Ft

    Beautiful 2 Bedroom Plus 1 Condo Located In The Prestigious "Ritz Towers" With Amazing Views Overlooking 10 Acres Of Manicured Grounds! Upgraded Kitchen W/ Granite Counters, Ceramic And Glass Bcksplsh & Ss Appliances. Master Bedrm W/ Updated 3Pc Ensuite & His&Hers Closets. 2nd Bdrm W/O To Solarium W/ Spectacular Views! Sparkling Updated Main 4Pc B....More details

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    • 2+1

    • 2

    • Area:

      1000-1199 Sq Ft

    MLS®#:E4731538
    Status:For Sale 
    Type:Residential
    Community:O'Neill - Oshawa
    • 3+1

    • 2

    • Area:

      1500-2000 Sq Ft

    Beautiful?heritage Family Home In Prime Location!? The Craftsmanship Gives A Nod To The Past, While The Functionality?is All Modern.Large Principal Rooms Are Drenched With Natural Light & Boast Original?wood Trim & French Doors With Glass Knobs,The Spacious Kitchen Offers Plenty Of Room For Storage & Cooking With A Lovely Covered Porch & Access To ....More details

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    • 3+1

    • 2

    • Area:

      1500-2000 Sq Ft

    MLS®#:X4828531
    Status:For Sale 
    Type:Residential
    Community:Cobourg - Cobourg
    • 2+1

    • 2

    In The Sought After Community Of Fitzhugh Shores And Steps To Lucas Point Park On Lake Ontario, This Affordable All Brick Family Home Is Ready For Its New Owners.Perfectly Situated At The End Of A Cul De Sac,This Well Maintained 2 Story Home Features A Magnificent Yard With Privacy And Mature Trees Backing Directly Onto Fitzhugh Park. Drenched In N....More details

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    • 2+1

    • 2

    MLS®#:E4775367
    Status:For Sale 
    Type:Condominium
    Community:Bendale - Toronto
    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    Luxury Equinox Condo At Scarborough Town Center. Bright & Spacious Condo With 2 Beds & 2 Bath Located In North West Corner. Newly Painted, Brand New Light Fixtures, Master With 4Pc En-Suite, Baclony Access From Living Room & Master. Common Elements Include 24Hr Concierge, Indoor Pool With Jacuzzi,Full Size Gym, Party Room, Theater,Library,Conferen....More details

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    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    MLS®#:E4800320
    Status:For Sale 
    Type:Condominium
    Community:Steeles - Toronto
    • 1+1

    • 2

    • Area:

      1000-1199 Sq Ft

    Rare, Luxurious Tridel Condo! Large 1+1 (Solarium Can Be Used As 2nd Bdrm), 2 Washrooms (4Pc & 2Pc) & 2 Parking!!! Laminate Throughout.Large Closets. Mins To T&T And Foody Supermarkets, Library,Restaurants,Public Transit At Door.Lower Condo Fees. Top Ranking School Zone-St.Henry Catholic School & Dr. Norman Bethune. 1 Locker Included.

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    • 1+1

    • 2

    • Area:

      1000-1199 Sq Ft

    MLS®#:X4745668
    Status:For Sale 
    Type:Residential
    City:Arran-Elderslie
    • 3+0

    • 2

    • Area:

      1500-2000 Sq Ft

    Welcome To 171 Alma Street In The Village Of Paisley. Known For Outdoor Activities Such As Canoeing, Kayaking, Fishing And Hiking, There's Always Something To Do In The Area. Only 15 Minutes To The Beach In Southampton, And Around The Corner To Amenities Like The Grocer, Pharmacy And Lcbo, This Beautiful Three Bedroom Century Home Overlooks The Tee....More details

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    • 3+0

    • 2

    • Area:

      1500-2000 Sq Ft

    6,290 Listings Found
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