First Time Home Buyer Mortgages

Realize Your Dreams with an affordable and easy first mortgage from Brevity Mortgages!

Brevity Mortgages offers the lowest mortgage rates and best service to first time home buyers. We’ll make getting your first mortgage a delightful experience. At Brevity, we’re here to help you take that first step to home ownership.  We understand the questions and concerns that you have about your first mortgage, what it will cost you, whether you can afford it, and all of the other issues surrounding the initial plunge into home ownership, and will answer them for you in a straightforward and understandable way.  We will work to smoothly and effortlessly navigate you through the mortgage process, holding your hand all the way.  Brevity offers you, the first time home buyer, Canada’s best and cheapest mortgages, packaged for simplicity and speed.

First Mortgage Financial Benefits – Money for Free

Did you know that, as a first time Canadian home buyers, you can avail of multiple financial benefits?  The Canadian Federal and Provincial Governments have several rebates, grants and other programs to help Canadians acquire first mortgages and transition to home ownership.

Brevity Mortgages would love to help with your first mortgage. We offer a full service package to first time buyers, and will not only get you the best rates with uncompromising service, but also work with you to get the maximum applicable Federal and provincial tax credits and benefits applicable. We’re here to serve and delight you, and make the purchase of your first home a pleasure from which you benefit financially to the extent possible.

You can directly apply on line for your first mortgage, or have one of our experienced mortgage consultants call you to explain the benefits and process.

Government Tax Credits and Benefits for First Time Home Buyers

Federal Programs

The First Time Home Buyers Tax Credit Program (HBTC)

The HBTC program from the Federal Government offers home buyers a rebate of up to $5000 on their income tax when they buy a home.  While the program is titled “First Time Home Buyers Tax Credit”, Canadians can still apply for the credit even if they’ve previously owned a home, provided that they do not currently own a home, and have not owned one in the four years preceding.  Visit the CRA website at for details on the program, and how to apply.

The Home Buyers Plan (HBP)

The Home Buyers Plan is not a grant or credit, but a way to use your RRSP savings to finance your first home.   It allows you to withdraw up to $25,000 in a calendar year from your Registered Retirement Savings Plan (RRSP) to buy a home, which can be for yourself or for a relative with a disability.  Full details of the scheme can be viewed at

Brevity Mortgages would be happy to advise you on how to avail the benefits of these schemes as well as the provincial schemes listed below.

First Mortgage Benefit – Ontario

Home Buyers Tax Credit

First time home buyers in Ontario receive a refund on up to $2000 of the land transfer tax payable to the provincial government, if the new home is your principal residence. You have to apply to claim the benefit either electronically or via a paper application. . You can get the full details of the scheme on the Ontario Finance Ministry website.
Contact us to learn more about the scheme and how to benefit.

First Mortgage Benefit – Nova Scotia

Home Buyers Tax Credit

First time home buyers in Nova Scotia are entitled to a rebate on the purchase of their home, which is equivalent to 18.75 per cent of the provincial portion of the applicable HST on the home, or 1.31 percent of the capital stock for the purchase price in the case of co-operative housing.   On newly built homes you may be eligible for a rebate of up to $3000.  Contact Brevity for more information and details on the scheme, and how you can apply.

First Mortgage Benefit – New Brunswick

Home Buyers Tax Credit

In New Brunswick first time home buyers get a personal rebate of $750 on their provincial income tax. The claim for this credit should be made within the first year of purchase, and it is non-refundable.

First Mortgage Benefit – Manitoba

Home Buyers Tax Credit

Manitoba residents can avail of  a rebate of $750 for first time home buyers on their provincial income tax.  For more details please contact us.

First Mortgage Benefit – British Columbia

Property Transfer Tax (PTT) Rebate

If you reside in British Columbia, you can claim a rebate of 1% of the applicable Provincial Transfer Tax (PTT)Ton the first $200,000 of the price of your home, and 2% on the remainder for the purchase price if you are buying a home that costs up to $475,000. For homes costing between $475,000 and $500,000 you can claim a pro rated rebate on the balance amount. There is no rebate on amounts of $500,000 and above. You can get the full details of the scheme on the British Columbia Ministry of Finance website at Property Transfer Tax .

First Mortgage Benefit – Prince Edward Island

Tax Rebates

Home Buyers Tax Credit

PEI offers first time home buyers a rebate of $750 on their provincial taxes.  The claim has to be done within one year of the purchase of your home. This is a non-refundable benefit, meaning that if your payable tax is below this amount, you will not get a cash rebate from the Government. In additionthe combined claim cannot exceed $750, if the purchase of your first home is made jointly with a friend, spouse or partner.

Land Transfer Tax Rebate

First time home buyers in Prince Edward Island get a tax refund of $2000 of the land transfer tax payable to the provincial government. The land transfer price in Prince Edward Island is calculated by taking the greater of the purchase price of the home and its assessed property value.
Contact Brevity Mortgages to learn more about these schemes.

First Mortgage Benefit – Saskatchewan

Home Buyers Tax Credit

Saskatchewan’s first time home buyer tax credit provision provides around $10,000 non- refundable income tax credits,  which results in an income tax saving of $1,100. There is also a provision for first time home buyers tax credit, which is up to $750 on your personal tax return.  For more details you can contact us.

First Mortgage Benefit – Alberta

Home Buyers Tax Credit

First time home buyers in Alberta receive a tax credit of $750 on the provincial portion of their income tax. For more information
talk to us.

First Mortgage Benefit – Newfoundland and Labrador

Home Buyers Tax Credit

Newfoundland and Labrador offer first time home buyers a tax rebate of $750 on their provincial taxes. Please contact us for more details.