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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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    $599,000

    604 - 1103 Leslie St

    MLS®#:C4559000
    Status:For Sale 
    Type:Condominium
    Community:Banbury-Don Mills - Toronto
    • 2+1

    • 2

    • Area:

      900-999 Sq Ft

    2 Bedroom + Den With 2 Bath Unit With Spectacular West And South Views. Overlooking Parks, Trees, And Downtown Skyline From Living Area And Bedroom! Carrington Condo Unit Features Lrg Windows For Bright & Airy Kitchen &Living Room, And A Master With Walk-In Closet And 3 Pc Ensuite! Amazing Location Steps From Crosstown Lrt, Ttc & Parks At Your Door....More details

    View Details
    $479,900

    8 Benson Dr

    MLS®#:X4575717
    Status:For Sale 
    Type:Residential
    City:St. Catharines
    • 3+0

    • 2

    • Area:

      1100-1500 Sq Ft

    Fantastic Opportunity To Own This Updated 3 Bd, 2 Bath Spacious Bungalow Nestled In Desirable St. Catharines. Move In Ready! Perfect For Young Families, Working Professionals Or Empty Nesters. Well Laid Out 1175+ Sq Ft Property With New Modern Kitchen W/ Breakfast Bar And Spacious Dining Rm. Living Rm Has Large Bay Window Overlooking Front Yard. Co....More details

    View Details
    $479,900

    8 Benson Dr

    MLS®#:X4575719
    Status:For Sale 
    Type:Residential
    City:St. Catharines
    • 3+0

    • 2

    • Area:

      1100-1500 Sq Ft

    Fantastic Opportunity To Own This Updated 3 Bd, 2 Bath Spacious Bungalow Nestled In Desirable St. Catharines. Move In Ready! Perfect For Young Families, Working Professionals Or Empty Nesters. Well Laid Out 1175+ Sq Ft Property With New Modern Kitchen W/ Breakfast Bar And Spacious Dining Rm. Living Rm Has Large Bay Window Overlooking Front Yard. Co....More details

    View Details
    $489,900

    23 Victorway Dr

    MLS®#:S4576381
    Status:For Sale 
    Type:Residential
    Community:Holly - Barrie
    • 3+0

    • 3

    • Area:

      1100-1500 Sq Ft

    23 Victorway Is The Demonstration And The Meaning Of Pride Of Ownership. 23 Victorway Has Three Bedrooms, Two Full Bathrooms, One Powder Room, Finished Basement, And Parking For Two In Driveway And One In Garage. Fine Finishes And What's New; New Roof 2017, New Furnace 2017, New A/C 2018, Central Vac, Led Pot Lights On Main Floor, Smooth Ceilings, ....More details

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    $435,900

    110 - 306 Essa Rd

    MLS®#:S4553272
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 2+0

    • 2

    • Area:

      1000-1199 Sq Ft

    This Suite Boasts 1184 Square Feet, Airy 9' Ceilings, Large Terrace To Bbq On/Walk Your Dog With Easy In And Out, 2 Bedroom, 2 Bathroom, And Underground Parking. Stunning High End Laminate Flooring Throughout, Quartz Counters That Are Sure To Impress, Kitchen Backsplash, Professionally Painted. All In All, Suite 110 Is Completely Move In Ready And ....More details

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    $404,900

    609 - 306 Essa Rd

    MLS®#:S4546913
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    Welcome To 306 Essa Rd, Located In Barrie's Art Inspired Development. This Unit Is Located In The "Rom" Building. Comfortable 2 Bedroom, Full Bath. Upgrades Include; Quartz Counters In Kitchen And Bathroom, Pot And Pan Drawers, Kitchen Backsplash, Stainless Steel Appliances, High End Laminate Flooring Throughout, Kitchen And Living Room Pot Lights,....More details

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    $399,900

    409 - 306 Essa Rd

    MLS®#:S4553282
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    Welcome To 306 Essa Rd, Located In Barrie's Art Inspired Development. This Unit Is Located In The "Rom" Building. Comfortable 2 Bedroom, Full Bath. Upgrades Include; Quartz Counters In Kitchen And Bathroom, Pot And Pan Drawers, Stainless Steel Appliances, High End Laminate Flooring Throughout, Living Room Pot Lights, Custom Roller Shades In All Roo....More details

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    $410,500

    509 - 304 Essa Rd

    MLS®#:S4553296
    Status:Sale Pending 
    Type:Condominium
    Community:Ardagh - Barrie
    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    Over $30,000 Spent In Upgrades; Double Edge Quartz Countertops And Backsplash In The Kitchen, Pot And Pan Drawers For Convenience, Upper Angled Corner Cabinet, Under Mount Lighting, Quartz Counter Top In Bathroom, Laminate Flooring, Flat Ceilings Throughout, Pot Lights, Upgraded Contemporary Trim Package, Upgraded Electronic Light Fixtures, Custom ....More details

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    $459,900

    312 - 304 Essa Rd

    MLS®#:S4553313
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 2+0

    • 2

    • Area:

      1200-1399 Sq Ft

    *Premium Unit Facing 14 Acres Of Forested Park, South For Sun* This Suite Boasts 1374 Square Feet. Underground Parking. Stunning Engineered Hardwood Throughout, Stone Counters That Are Sure To Impress, A Carrera Stone Tile Backsplash, High End Appliances, Pot Lights For Natural Light, Motorized Blinds And Custom Window Coverings, And The Walk In Gl....More details

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    $497,900

    513 - 306 Essa Rd

    MLS®#:S4547054
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 3+0

    • 2

    • Area:

      1400-1599 Sq Ft

    Live Your Best Life In This Modern Coastal Style 1454 Sq.Ft Suite, Corner Unit With Wrap Around Balcony. Enjoy The Beautiful Summer Months On The Large Balcony In Which You Can Bbq On, Smile As You Walk To Your Underground Parking Spot During The Winter Months, And Entertain In Your Suite Which Is The Size Of Most Bungalows. Stunning Finishes Inclu....More details

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    $417,900

    506 - 299 Cundles Rd E

    MLS®#:S4547182
    Status:For Sale 
    Type:Condominium
    Community:400 North - Barrie
    • 2+0

    • 2

    • Area:

      1000-1199 Sq Ft

    Live The Lifestyle, And Do So From Your Classy 1080 Sq.Ft 2 Bed, 2 Bath, Condo Complete With A Spacious Den, Underground Parking, And Storage. This Condo Has All The Bells And Whistles; Trendy Flooring Throughout, Stunning Kitchen With A Stone Countertop, Smooth Ceilings Equipped With Pot Lights, Quartz Countertop In The Master Ensuite, A Sleek Gla....More details

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    $428,900

    301 - 299 Cundles Rd E

    MLS®#:S4547258
    Status:For Sale 
    Type:Condominium
    Community:400 North - Barrie
    • 3+0

    • 2

    • Area:

      1200-1399 Sq Ft

    Tart And End Your Day In The Perfect Suite To Call Home, This 1244 Sq.Ft Corner Unit Has 3 Bedroom, 2 Bathroom, With Underground Parking, Storage, And Has All The Fine Finishes. Finishes Include; Stone Counters In Kitchen With A Backsplash To Compliment, Desirable Black S/S Appliances, Trendy Laminate Flooring, 9' Airy Ceilings, And Stunning Light ....More details

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    $371,900

    303 - 295 Cundles Rd E

    MLS®#:S4546062
    Status:For Sale 
    Type:Condominium
    Community:Cundles East - Barrie
    • 2+0

    • 1

    • Area:

      800-899 Sq Ft

    Presenting Suite 303 @ 299 Cundles Rd E. Convenience As A Bonus, Suite 303 Is The Perfect Place To Start And End Your Day. (2 Bedrooms, 1 Bathroom), Open Concept With A Large Island In The Kitchen, 9' Ceilings, And Modern Finishes. Stylish Finishes Include; Double Edge Granite Countertop, S/S Appliances, Soft Close Drawers, Laminate Flooring, And P....More details

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    $569,900

    602 - 306 Essa Rd

    MLS®#:S4565131
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 3+0

    • 2

    • Area:

      1400-1599 Sq Ft

    This 3 Bedroom, 2 Bathroom Ph Suite Boasts 1454 Sq Ft, Making This The Largest Model In The Development. Airy 9' Ceilings, A Large Balcony To Bbq On, And Underground Parking + Storage Locker. Upgrades Include: Engineered Hardwood, Stone Counters In Both Kitchen And Bathrooms. Custom Kitchen With An Extended Island, Kitchen Backsplash, High End Stai....More details

    View Details
    $429,900

    208 - 43 Ferndale Dr S

    MLS®#:S4565354
    Status:For Sale 
    Type:Condominium
    Community:Ardagh - Barrie
    • 2+0

    • 2

    • Area:

      1000-1199 Sq Ft

    Suite 208 Offers 1102 Sq. Ft Of Open Concept Living With The 2 Bedrooms And 2 Bathrooms. Laminate Flooring, Rounded Corner Beads, Crown Mouldings, Light Fixtures And Ceiling Fan, Kitchen Features S/S Appliances, Glass/Ceramic Back Splash, Under Cabinet Lighting, Upgraded Kitchen Cabinetry With Space Savers And Soft Close, Double Edge Granite Counte....More details

    View Details
    $599,999

    21 Billiter Rd

    MLS®#:W4568883
    Status:For Sale 
    Type:Residential
    Community:Northwest Brampton - Brampton
    • 3+1

    • 3

    Beautiful Free Hold Town Home With Extraordinary Big Size Double Car Garage,Near Mt Pleasant Go Station, Separate Living & Family Room,Spacious Kitchen With A Center Island, Extended Terrace/Patio, Master Bedroom With 2 Closets And 4 Piece En Suites. Main Floor Laundry Room, Ample Storage Space. No Carpet In The Entire House. Garage Access From Ins....More details

    View Details
    $550,000

    7 Andruss Lane

    MLS®#:X4569448
    Status:For Sale 
    Type:Residential
    Community:Ancaster - Hamilton
    • 3+0

    • 3

    • Area:

      1500-2000 Sq Ft

    Stunning Freehold Townhouse Loaded With Upgrades! 3 Bedrooms, 3 Bathrooms, Hardwood Floors, Solid Oak Stairs Up And Down. Central Air Condition, Oversized Garage, Basement Walk-Out, Granite Countertop Kitchen With Walk-Out Deck. Spacious Open Concept Living/Dining. Master Bedroom With 4Pc Ensuite And W/I Closet. Laundry On Main Floor.

    View Details
    $399,900

    509 - 3533 Derry Rd

    MLS®#:W4565470
    Status:Sale Pending 
    Type:Condominium
    Community:Malton - Mississauga
    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    Location Location A Great Opportunity For 1st Time Home Buyers,3 Bedroom , 2 Washrooms,En Suite Laundry,Large Size Living Room,Laminated Floor,Pot Lights,Hard To Find Unit Like. This One Well Kept End Unit, Huge Full Balcony. Great View Very Spacious Layout ,Close To Medical Center, Close To All Amenities And Main Hwy 427 & 407. Close To Bus Stop ....More details

    View Details
    $515,000

    89 - 2701 Aquitaine Ave

    MLS®#:W4570482
    Status:For Sale 
    Type:Condominium
    Community:Meadowvale - Mississauga
    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    Totally Upgraded 3 Bdrm Condo W/ Pride Of Ownership In Prime Meadowvale Location. Mins To Meadowvale Go & Meadowvale T.C. This Unit Boosts 3 Bedrm, 1.5 Bath W/ Lrg Dining Area Inside & Out. Carpet Free, 2 Car Parking 1 Garage 1 Driveway, Snow Removal, Landscape, Vip Cable Pkg, Water All Included

    View Details
    $399,000

    28 Carlton Dr

    MLS®#:W4575652
    Status:For Sale 
    Type:Residential
    Community:Orangeville - Orangeville
    • 4+0

    • 3

    • Area:

      1100-1500 Sq Ft

    Open House Sunday Sept 15th 1-3Pm........Check Out This Spacious 4 Bedroom, 2.5 Bath Semi Close To All Amenities! This Home Boasts A Large Fenced Yard And Side Door Entrance....A Great Opportunity For First Time Home Buyers To Enter The Market And Make This House A Home.

    View Details
    8,089 Listings Found
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