Free live class on Zoom
5 first-time buyer mistakes
A free live class on buying your first home in the GTA, and how to avoid the costly mistakes.
Hosted by Ishwar Garg, Broker.
English, Hindi and Punjabi.
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Can't make it live? Register anyway and you'll get the replay.
What you'll learn in 60 minutes
Buying your first home is one of the biggest financial decisions you'll make. In this free 60-minute class, Ishwar walks you through how buying works in Ontario, so you know what's coming before you start looking.
- The buying process in Ontario, step by stepFrom pre-approval to closing day, and what happens at each step.
- How to compare mortgage offersWhat to ask every lender, including options beyond the big banks.
- Stacking the FHSA, Home Buyers' Plan and tax refundsWhich programs you qualify for, and how they add up.
- The 5 mistakes first-time buyers make mostAnd how to avoid each one before they cost you.
Your head start before the class
Five things to check this week. The class covers how they fit together.
- 5%Know your minimum down payment5% of the first $500,000, then 10% of the rest up to $1.5 million.
- $40KOpen an FHSA earlyUp to $8,000 a year, $40,000 in total, tax-free in and out for a first home.
- $60KCheck the RRSP Home Buyers' PlanEach first-time buyer can withdraw up to $60,000 from their RRSP.
- $4KClaim the land transfer tax refundOntario refunds up to $4,000. In Toronto, the city refund adds up to $4,475.
- 1stGet pre-approved before you shopIt sets your real budget and holds a rate while you look.
Federal and Ontario rules as published. Confirm the current limits on canada.ca and ontario.ca.
5.0 on Google · 51 reviews
Recent Google reviews
“I had the pleasure of working with Ishwar Garg recently, and I couldn't be more impressed with his professionalism and expertise. From the moment we started our home search, more than a year back, Ishwar demonstrated an in-depth knowledge of the market, providing valuable…”
vibhu malik · Google