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    Sutton Group Realty Systems

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    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

    Our Listings Under $600,000

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    3,022 Listings Found
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    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    MLS®#:X5621104
    Status:For Sale 
    Type:Condominium
    City:Brantford
    • 2+0

    • 1

    • Area:

      1000-1199 Sq Ft

    View Details

    Located In One Of The Most Prestigious Neighbourhoods In Brantford, Welcome To 54 Dufferin Ave! Full Of Character, With Crown Moulding, High Baseboards, And Hardwood Floors - This Spacious Unit Offers Two Bedrooms, Large Living/Dining Areas, Kitchen, And Updated 3-Piece Bath. This Unit Also Includes A Semi-Private Deck/Balcony And A Dedicated Parki....More details

    $499,900

    64 William St S

    • 5+0

    • 2

    MLS®#:X5613902
    Status:For Sale 
    Type:Residential
    Community:Lindsay - Kawartha Lakes
    • 5+0

    • 2

    View Details

    Two Storey Family Home, Centrally Located Close To Downtown, Easy Walk To Parks, School And Shopping. Main Floor Hosts A Huge Living Room, Separate Kitchen And Dining. Kitchen Has Walkout To Rear Deck And Fenced Yard. Detached Garage For Car And Storage. Main Floor Has 2 Piece Bath. Closed In Front Porch. Second Storey Has 3 Bedrooms, 4 Piece Bath....More details

    • 1

    • Area:

      0-499 Sq Ft

    MLS®#:X5596117
    Status:For Sale 
    Type:Condominium
    Community:Rideau - Ottawa
    • 1

    • Area:

      0-499 Sq Ft

    View Details

    Luxury Studio Located In The Heart Of Downtown Ottawa. Just A Short Walking Distance From Uottawa, By-Ward Market, Rideau Center, Parliament Hill, Restaurants, Public Transit/Lrt And Everything Downtown Has To Offer! Luxury Kitchen With Upgraded Granite Countertop, Surrounding Pot Lights, Ss Appliances, Hardwood Floors, And Open Concept Living Spac....More details

    • 3+1

    • 3

    • Area:

      1100-1500 Sq Ft

    MLS®#:X5608287
    Status:Sale Pending 
    Type:Residential
    City:Welland
    • 3+1

    • 3

    • Area:

      1100-1500 Sq Ft

    View Details

    Big Lot Bungalow In Niagara , 3 Bedrooms On The Main Level Along With 2 Full Bathrooms. Separate Entrance Basement Boasted One Bedroom, Full Bathroom And Kitchen. Full Basement That Has Been Weeping Tile Water Proofed Around The Whole Outside. It Can Be For Two Family Or Mom, Dad And Adult Kids. 1.5 Car Detached Garage. Fenced Yard, Recently Repla....More details

    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    MLS®#:C5609859
    Status:For Sale 
    Type:Condominium
    Community:Church-Yonge Corridor - Toronto
    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    View Details

    Live In The Heart Of Downtown To! 1Yr New Bright & Beautiful 1 Bed 1 Bath W/Fantastic Sunset Views From The 35th Floor W/Balcony. Gourmet Kitchen W/Modern Built-In Ss Appliances, Quartz Countertops, Porcelain Backsplash & Sleek Cabinetry. In-Suite Laundry, Floor To Ceiling Windows & Wood Floors Throughout. Amazing Amenities, 24Hr Concierge, Guest S....More details

    • 3+1

    • 2

    • Area:

      1100-1500 Sq Ft

    MLS®#:X5623896
    Status:For Sale 
    Type:Residential
    City:Bracebridge
    • 3+1

    • 2

    • Area:

      1100-1500 Sq Ft

    View Details

    Attention Investors And First-Time Home Buyers! Enjoy The Muskoka Life On You Very Own Private 10 Acre Wooded Rural Lot In Bracebridge/Port Sydney. This 1,600+ Sqft Finished 4 (3+1) Bedroom And 2 (1+1) Bathroom Home Awaits Your Finishing Touches. The Attached 2 Car Garage Compliments A Very Large Driveway That Can Accommodate Up To 16 Vehicles. The....More details

    • 1+0

    • 1

    • Area:

      700-799 Sq Ft

    MLS®#:X5596880
    Status:For Sale 
    Type:Condominium
    Community:Durand - Hamilton
    • 1+0

    • 1

    • Area:

      700-799 Sq Ft

    View Details

    Welcome To The Trendy James Street South Area! This Bright And Spacious 1 Bedroom Condo Located In The Stunning Chateau Royale Building Has It All. Huge Primary Bedroom With Customized Walk In Closet, Upgraded Ss Appliances, Upgraded Kitchen Cabinets, In-Suite Laundry, And Locker. Next To The Go Station, Hospital, Restaurants And So Much More. Rela....More details

    $469,900

    202 Queen St

    • 3

    • 2

    MLS®#:X5535432
    Status:For Sale 
    Type:Residential
    Community:Campbellford - Trent Hills
    • 3

    • 2

    View Details

    Room To Roam. Large Rooms, Great For Entertaining. Private Back Yard. 3 Bedrooms, 2 Baths, Separate 2 Car Garage. Close To Schools, Beach And Downtown. Note: Driveway Is Located To The North Beside Purple House. Sellers Driveway Is The Back Part (Shared).

    MLS®#:X5625298
    Status:For Sale 
    Type:Residential
    City:Dysart et al
    View Details

    Excellent Opportunity To Build Your Dream Home Or Cottage On This Tranquil 2.13 Acre Waterfront Lot On Drag Lake\'s Outlet Bay. Enjoy Year-Round Maintained Municipal Roads In This Beautiful Community. Live A Lifestyle Of Year-Round Activities On Your Doorstep, 15 Mins To The Town Of Haliburton! Hydro Access To Lot.

    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    MLS®#:C5535703
    Status:For Sale 
    Type:Condominium
    Community:Moss Park - Toronto
    • 1+0

    • 1

    • Area:

      0-499 Sq Ft

    View Details

    Fantastic Opportunity To Own 9" Ceiling, 1 Bedroom + 1 Bath With Locker Condo Located In Dundas Square Gardens, The Core Of Downtown. Cozy And Beautiful Modern Style Quartz Counter Modern Kitchen With Backsplash. Walking Distance To Ryerson University, George Brown College, Eaton Centre, Ttc Public Transit. Td Bank And Starbucks At The Ground Level....More details

    $499,000

    54 Ivy Ave

    • 2+0

    • 1

    • Area:

      700-1100 Sq Ft

    MLS®#:X5624182
    Status:For Sale 
    Type:Residential
    City:St. Catharines
    • 2+0

    • 1

    • Area:

      700-1100 Sq Ft

    View Details

    Welcome To 54 Ivy Ave In The Beautiful Neighbourhood Of Secord Woods. Close To Parks And Schools, This Is The Perfect Home For You And Your Family! Featuring A Nice Size Fenced Backyard With Endless Possibilities! Detached Garage, Two Bed, One Bath Home. Close To Niagara Outlets And Hwy.

    • 2+0

    • 1

    • Area:

      700-1100 Sq Ft

    MLS®#:X5625278
    Status:For Sale 
    Type:Residential
    Community:Homeside - Hamilton
    • 2+0

    • 1

    • Area:

      700-1100 Sq Ft

    View Details

    This Home Is Where Functional Meets Amazing. Perfect For 1st Time Home Buyers, Downsizers Or Investors. Great Housing Alternative To A Condo. This 2 Bedroom, 1 Bathroom Home Has Had Many Improvements And Updates Including Windows, Furnace, Ac, Attic Insulation, Electrical, Plumbing And The Lead Pipes From The City To Home Have Been Removed. The Ba....More details

    $599,000

    1031 Cannon St E

    • 3+0

    • 2

    • Area:

      1100-1500 Sq Ft

    MLS®#:X5626114
    Status:For Sale 
    Type:Residential
    Community:Crown Point - Hamilton
    • 3+0

    • 2

    • Area:

      1100-1500 Sq Ft

    View Details

    This Crown Point Beauty Has Been Brought Down To The Studs With All New Electrical, Hvac, Plumbing, Windows, Siding, Roof, Soffit/Eavestrough, Bathrooms, Kitchen, Lighting. No Expense Has Been Spared And The Final Product Speaks For Itself. Basement Is Complete A Great Media/Den/Bedroom. 3 Bedrooms 2 Full Baths And 2 Parking Spaces At Rear. A Great....More details

    • 1+0

    • 1

    • Area:

      500-599 Sq Ft

    MLS®#:X5553619
    Status:Sale Pending 
    Type:Condominium
    City:Waterloo
    • 1+0

    • 1

    • Area:

      500-599 Sq Ft

    View Details

    *Assignment Sale* Welcome To One28 Condos On King St North! Open Concept Living/Dining, Bedroom With W/O To Private Balcony, Ensuite Laundry, Ss Appliances. This Amazing 1-Bed 1-Bath Unit Conveniently Located In The Heart Of Waterloo, Close To Wilfrid Laurier University, University Of Waterloo, Grocery Stores, Public Transit, Restaurants, Retail An....More details

    $589,900

    14 Agnes St

    • 2+1

    • 2

    MLS®#:X5587211
    Status:For Sale 
    Type:Residential
    Community:Crown Point - Hamilton
    • 2+1

    • 2

    View Details

    Attention All Investors, Downsizers And First-Time Homebuyers !! Outstanding Investment / House Hacking Opportunity In Central Hamilton! This All Brick 1 1/2 Storey With Two Separate Units Has Huge Income Potential In The Sought-After Crown Point Location. This Home Comes With A 3-Season Enclosed Sunroom Porch For Shaded Relaxation, And 1 Car Park ....More details

    • 1+1

    • 1

    • Area:

      600-699 Sq Ft

    MLS®#:X5597817
    Status:For Sale 
    Type:Condominium
    City:Waterloo
    • 1+1

    • 1

    • Area:

      600-699 Sq Ft

    View Details

    Great Opportunity For Families Or Students At The Corner Of University. Bright And Beautiful Unit With 1+1 Bedrooms. Ensuite Laundry And Huge Balcony. In The Sought After University District And Minutes From Both Major Universities And Conestoga College. Close To Public Transit, Shops, And Downtown Living. Building Has A Study Area, Roof Top Terrac....More details

    • 1+1

    • 1

    • Area:

      600-699 Sq Ft

    MLS®#:W5615755
    Status:For Sale 
    Type:Condominium
    Community:Islington-City Centre West - Toronto
    • 1+1

    • 1

    • Area:

      600-699 Sq Ft

    View Details

    Freshly Painted, Vacant, Luxurious One Bedroom Plus Den Condo On The 8th Floor.(678Sf+55Sf Balcony). Den Large Enough To Be Used As A Living Room. Large Walk In Closet. Bright And Spacious Open Concept Living, Dining And Kitchen. Lots Of Sunlight! Kitchen Has Pantry With Lots Of Storage And Counter Space. Movable Breakfast Bar With Additional Stora....More details

    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    MLS®#:X5608705
    Status:For Sale 
    Type:Condominium
    City:London
    • 3+0

    • 2

    • Area:

      1000-1199 Sq Ft

    View Details

    Att: Investors, 1st Time Buyers & Those Looking To Downsize! This Home Could Be Yours In Thirty Days!! Seller Is Open To Offers And Flexible On Closing, Home Priced Below Most Recent Sale, Located Just Minutes From The London Airport And 401, As Well As Major Shopping And Future Transit Hub, Features, Three Good Size Bedrooms, 1.5 Bath, Fully Fence....More details

    $599,900

    106 Asmus St

    • 4+0

    • 2

    • Area:

      1100-1500 Sq Ft

    MLS®#:X5621561
    Status:For Sale 
    Type:Residential
    City:Wilmot
    • 4+0

    • 2

    • Area:

      1100-1500 Sq Ft

    View Details

    Prepare To Be Wow'd By This Super Charming Yellow Brick 2 Storey That Delivers All You Want From A Century Home And More! This Well Maintained 4 Bed, 1 1/2 Bath Home Is Freshly Painted And Features An Open Main Floor With High Ceilings And A Big Bright Kitchen With Gleaming White Cabinetry. Many Updates Include Bathrooms 2020/2021, Furnace 2020, A/....More details

    3,022 Listings Found

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