1. Ontario Affordable Housing Program

If you are you renting, at least 18 years old, income under $59,000/yr and your buying a home under $200K then you may qualify for 5% government grant towards your down payment. Each qualification per municipality varies — Click here for more details.

2. Ontario Land Transfer Tax Refund for First Time Home Buyers

Land Transfer Tax applies to all transfers of land in Ontario. The maximum claim amount is $2,000. First-time homebuyers may be eligible for a refund of all or part of the tax. For agreements of purchase and sale entered into before December 14, 2007, the refund only applies on the purchase of a newly constructed home. For agreements of purchase and sale entered into after December 13, 2007, the refund applies to all homes, whether newly constructed or resale.

To qualify and claim a refund, you:

• must be at least 18 years of age; must occupy the home as your principal residence within 9 months of after the date of transfer; and
• cannot have owned a home, or an interest in a home, anywhere in the world. In addition:
• your spouse cannot have owned a home, or an interest in a home, anywhere in the world while being your spouse; and
• in the case of a newly constructed home, you must be entitled to a Tarion New Home Warranty.

Click here for more details.