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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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    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

    View Details
    • 3+1

    • 2

    • Area:

      1500-2000 Sq Ft

    $349,900

    63 Robins Ave

    MLS®#:X4718997
    Status:Sale Pending 
    Type:Residential
    Community:Central - Hamilton
    • 2

    • 1

    • Area:

      700-1100 Sq Ft

    Welcome To 63 Robins Avenue In The Trendy Crown Point East Part Of Hamilton. Located A Short Walk From Restaurants, Shopping, Public Transit And More, This Beautiful 737 Square Foot Bungalow Truly Does Feel Like Home. Whether You Are A First Time Buyer, Down-Sizer, Or Just Looking For A Change, This 2 Bedroom Home With 1 Full Bath, Upgrades Through....More details

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    • 2

    • 1

    • Area:

      700-1100 Sq Ft

    $574,990

    18 Amberwood Sq

    MLS®#:W4727543
    Status:Sale Pending 
    Type:Residential
    Community:Heart Lake West - Brampton
    • 3+0

    • 2

    • Area:

      1100-1500 Sq Ft

    Home Feels Like Family & This Home Is Where, Your Family Begins. This Incredibly Clean & Maintained Townhouse Is Located In Desirable Heartlake Region Close To Loafers Lake & Surrounded By Mature Trees An Nature. Backing Onto A Walking Trail This Home Has Lots Of Privacy And Outdoor Space With No House At Back. Open Concept Main Floor Will Have The....More details

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    • 3+0

    • 2

    • Area:

      1100-1500 Sq Ft

    MLS®#:W4731889
    Status:For Sale 
    Type:Condominium
    Community:Brant - Burlington
    • 2+0

    • 2

    • Area:

      1400-1599 Sq Ft

    Located In The Desirable Downtown Maple Ave Brownstones, This Beautiful 2 Bed, 2 Bath Home Has Been Professionally Renovated & Backs Onto A Quiet Green Space. Updates Include New Laminate Flring, Kitchen W Quartz Counters, Pot-Lights & Backsplash, Built-In Cabinetry & All New Appliances, New Carpeting On Stairs, Updated Powder & 5 Pc Bath On Upper ....More details

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    • 2+0

    • 2

    • Area:

      1400-1599 Sq Ft

    $389,988

    39 Russell St E

    MLS®#:X4725021
    Status:For Sale 
    Type:Residential
    Community:Lindsay - Kawartha Lakes
    • 3+0

    • 2

    Beautiful Updated Double Brick Century ( 1875 ) Bungalow In A Fabulous Location Just Blocks From Downtown & A Short Stroll To The River, Schools, Transit & Parks. Walk Everywhere!! Loads Of Character 10\' Ceilings. Wide Trim, Gleaming Hardwood Floors, Big Bright Windows, Spacious Layout With 3+ Bedrooms, 2 Baths, Master With Ensuite,

    View Details
    • 3+0

    • 2

    $579,900

    69 Taylor Dr

    MLS®#:X4726123
    Status:For Sale 
    Type:Residential
    Community:Rural East Luther Grand Valley - East Luther Grand Valley
    • 3+0

    • 3

    Stunning 3Bdrm Home, Covered Front Porch, Hardwood Throughout Main Floor W/ Cozy Great Room Overlooking Fenced-In Backyard W/ Stunning Views Of The Valley. Kitchen Features Dinette Area W/ Walk-Out To Private Backyard. Good-Size Master W/ W/I Closet. Professional Finished Basement Features 4Pc Bath W/ Rec Room. Home Shows Well & Is Meticulously Car....More details

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    • 3+0

    • 3

    MLS®#:W4727926
    Status:For Sale 
    Type:Residential
    Community:Coates - Milton
    • 2+0

    • 2

    • Area:

      700-1100 Sq Ft

    Lovely, Well Maintained, Townhome In Desirable Neighbourhood. Move In Ready. 2 Spacious Bedrooms With Plenty Of Storage. Kitchen With Breakfast Bar. Walk Out From Kitchen To A Good Sized Deck. Open Concept Living/Dining With Darker Hardwood. California Shutters Throughout. S/S Fridge, Stove And Over The Range Microwave. Front Load Washer And Dryer.....More details

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    • 2+0

    • 2

    • Area:

      700-1100 Sq Ft

    MLS®#:E4731457
    Status:For Sale 
    Type:Residential
    Community:Centennial - Oshawa
    • 3+1

    • 3

    Beautiful 3+1 Home With So Many Updates! Stunning Open Concept Layout W/ Farmhouse Kitchen, Living & Dining, Garage Access & W/O To Deck. Brand New Reno'd 5 Pc Bath. Upstairs Laundry Room (Can Easily Be Converted Back To Ensuite Bath). Features Separate Side Entry To Lower Level, With Bedroom, 3 Pc Bath, Separate Laundry & 2nd Kitchen, Open Concept....More details

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    • 3+1

    • 3

    $599,900

    169 Michael Blvd

    MLS®#:E4732203
    Status:For Sale 
    Type:Residential
    Community:Lynde Creek - Whitby
    • 3+0

    • 2

    Stunning Home W/ 61 Ft Frontage In The Desirable Lynde Creek Community! Bright Open Concept Living & Dining W/ Beautiful Lrg Windows. Kitchen W/ New Pantry, S/S Appliances & W/O To Massive Yard & Lrg Two-Tier Deck - Perfect For Summer Entertaining! 3 Bedrooms & Updated 4 Pc Bath Upstairs. Gorgeous Brand New Reno'd Basement W/ Rec Room, Laundry Room....More details

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    • 3+0

    • 2

    MLS®#:W4723093
    Status:Sale Pending 
    Type:Condominium
    Community:Southgate - Brampton
    • 4+0

    • 3

    • Area:

      1600-1799 Sq Ft

    Beautiful Spacious Townhouse In The Southgate Area Of Brampton. 4 Bedrooms With Sunlight Coming In From All Directions. Recently Renovated With $50K In Upgrades Featuring A Formal Dine In , Living, Kitchen With Eat-In, Main Level Laundry Ensuite. 2.5 Bathrooms And Walkout Basement. This Townhouse Is Within Walkable Distance To A Lot Of Amenities, B....More details

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    • 4+0

    • 3

    • Area:

      1600-1799 Sq Ft

    MLS®#:W4682834
    Status:For Sale 
    Type:Condominium
    Community:Kingsview Village-The Westway - Toronto
    • 2+0

    • 1

    • Area:

      900-999 Sq Ft

    Spacious 2 Bedroom, 1 Bath Condo With En-Suite Laundry In Great Location. Open Balcony With Laminate Floor. Underground Parking Included. Ttc, Shopping Centers, Hwy 401. Pool, Gym, Security System And 10 Mins To Airport And Close To All Amenities. The Building Has Many Recent Upgrades Including 5 New Elevators And Management Is Continuously Upgradi....More details

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    • 2+0

    • 1

    • Area:

      900-999 Sq Ft

    $399,900

    11 Courtland Ave

    MLS®#:X4717724
    Status:For Sale 
    Type:Condominium
    Community:Gilkson - Hamilton
    • 3+0

    • 2

    • Area:

      1200-1399 Sq Ft

    Totally Renovated. First Time Home Buyers Dream. All New Appliances, Light Fixtures, Bathrooms Redone , New Carpet Upstairs In All Bedrooms And In Rec Room. Just Move In And Enjoy. Close To Amenities Highway And Public Transportation

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    • 3+0

    • 2

    • Area:

      1200-1399 Sq Ft

    $599,900

    8780 Pawpaw Lane

    MLS®#:X4704219
    Status:For Sale 
    Type:Residential
    City:Niagara Falls
    • 4+0

    • 3

    • Area:

      1500-2000 Sq Ft

    Beautiful Brand New Never Lived In Home. Located On Peaceful Area. High Ceiling Wood And Tile Floor On Main. Spacious Open Space Kitchen. Minutes Drive To Downtown Niagara Falls, Casino And Highway. Close To School, Day Care, Parks, & Shopping.

    View Details
    • 4+0

    • 3

    • Area:

      1500-2000 Sq Ft

    MLS®#:X4717999
    Status:For Sale 
    Type:Condominium
    Community:Ainslie Wood - Hamilton
    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    Renovated Condo, Located In The Forest Glen Complex, Close To Mcmaster Hospital And Univ,Open Concept,Escarpment View,Private Park.The Eat-In Kitchen:Oversized Island,New Cabinets,Quarts Counter Tops,New Whirlpool Appliances,New Modern Floors,Crown Moldings,Trims,2 Panel Doors,Led Light Fixtures. Spacious Mbr W/ 2 Pc.Ensuite And A Walk In Closet. O....More details

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    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    $574,900

    147 Bowman St

    MLS®#:X4698870
    Status:Sale Pending 
    Type:Residential
    Community:Ainslie Wood - Hamilton
    • 3+2

    • 2

    • Area:

      700-1100 Sq Ft

    Lots Of Updates On This 3 + 2 Bedroom, Within Walking Distance To Mac Currently Rented Until April 30 ,2020, Vacant Possession Is Available. This Brick 1.5 Story Has Been Well Looked After And Maintained. Furnace & A/C Updated In 2014; New Roof Shingles 2016. Features Parking For 3 Or 4 Cars In The Private Driveway, Shed For Storage And Bicycles. T....More details

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    • 3+2

    • 2

    • Area:

      700-1100 Sq Ft

    $585,000

    73 Griselda Cres

    MLS®#:W4720705
    Status:For Sale 
    Type:Residential
    Community:Northgate - Brampton
    • 3+0

    • 2

    Excellent Location,Lovely Semi In Desirable "G" Community Cute As A Button Home Great For First Time Buyer Spacious Eat-In-Kitchen, Features Peninsula W/Breakfast Bar Pantry/Ample Cabinetry And W/O To Patio.Large Windows For Tons Of Natural Light. Finished Lower Level With Rec Room Adding More Family Space, Laundry Area,3 Pc Washroom.Master Br W/Ic....More details

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    • 3+0

    • 2

    MLS®#:E4720215
    Status:For Sale 
    Type:Condominium
    Community:Birchcliffe-Cliffside - Toronto
    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    Beautiful 2 Bed 2 Washroom High Ends Bath & Kitchen Finishes. Spacious, Bright And Practical Layout. Located In One Of The City\'s Most Idyllic Neighborhoods. Amenities Include Shops, Cafes, Restaurants And 24Hr Transit Service At Your Door Step- Nearby Go Transit, Convenient Location Close To Scarborough Bluffs & Lake, Schools, Shopping.

    View Details
    • 2+0

    • 2

    • Area:

      700-799 Sq Ft

    MLS®#:W4720780
    Status:Sale Pending 
    Type:Condominium
    Community:Northwest Brampton - Brampton
    • 3+0

    • 3

    • Area:

      1200-1399 Sq Ft

    Absolutely Stunning Town Home Corner Unit. Open Concept 3 Bedroom 2 & Half Washroom, 2nd Floor Great Room With Dining, Open Concept Kitchen, Walk Out To Balcony With Best View, Oak Staircase, 3 Good Size Bedroom, Close To Mount Pleasant, Go Station, Schools, Park, Shopping Centre And Public Transit.

    View Details
    • 3+0

    • 3

    • Area:

      1200-1399 Sq Ft

    MLS®#:E4723485
    Status:Sale Pending 
    Type:Condominium
    Community:Kennedy Park - Toronto
    • 1+0

    • 1

    • Area:

      500-599 Sq Ft

    Beautiful 1 Bedroom 1 Bath Condo Offering Approximately 600Sqft Of Living Space. Open Concept Layout Feat Kitchen Overlooking Dining Room And Living Room. Updated Laminate Floors. Living Room Walk Out To Large Deck, Perfect For Entertaining. Floor To Ceiling Windows Offer Plenty Of Natural Light. Spacious Bedroom And Renovated 4 Piece Bathroom. In ....More details

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    • 1+0

    • 1

    • Area:

      500-599 Sq Ft

    MLS®#:C4717291
    Status:For Sale 
    Type:Condominium
    Community:Waterfront Communities C8 - Toronto
    • 1+0

    • 1

    • Area:

      500-599 Sq Ft

    Gorgeous Corner Unit One Bedroom Filled With Sunlight. Enjoy Your Morning Coffee On Your Over 300 Square Foot Wrap Around Terrace Not Like Any Other You Will Find In The Area. Includes, Integrated Fridge/Freezer, Dishw, Microwave, And W/D Amazing Amenities Including Gym,Party Room, Outdoor Private Terrace For Bbq Use, Moving Room, Office Space Boar....More details

    View Details
    • 1+0

    • 1

    • Area:

      500-599 Sq Ft

    5,071 Listings Found
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