Our Mortgage Services
First-Time Homebuyers
Your First Home. Your First Step. Expertly Guided.
Buying your first home is exciting — but it can also feel overwhelming. At ABA Mortgages, we’re here to help you navigate every stage of the homebuying process with clear advice, steady support, and expert mortgage solutions tailored to first-time buyers in Canada.
Whether you’re unsure where to start or comparing options between lenders, our goal is simple: to make your journey to homeownership smooth, informed, and successful.
Who Qualifies as a First-Time Homebuyer in Canada?
You may be considered a first-time homebuyer if:
- You’ve never owned a home before
- You are a Canadian citizen, permanent resident, or temporary resident with a valid work permit
- You plan to live in the home as your primary residence
In some cases, if you previously owned a home but now find yourself in a similar financial position to a first-time buyer (such as after a divorce), you may still qualify under certain incentive programs.
Why Work with a Mortgage Broker Instead of a Bank?
Choosing the right mortgage partner is one of the most important decisions you’ll make. Here are just a few reasons why working with ABA Mortgages is a smart move:
- Access to multiple lenders — not just one bank’s options
- Unbiased advice based on your needs, not institutional quotas
- Tailored solutions for first-time buyers, including pre-approvals and incentive planning
- Help with paperwork and deadlines to reduce stress
- Strong advocacy in negotiating rates and terms
We act in your best interest — every time.
First-Time Buyer Incentives in Canada
Several programs exist to support first-time homebuyers, helping make your purchase more affordable:
First-Time Home Buyer Incentive (FTHBI)
A shared-equity program offered by the federal government that helps lower your monthly payments without increasing your down payment.
RRSP Home Buyers’ Plan (HBP)
Allows you to withdraw up to $35,000 from your Registered Retirement Savings Plan (RRSP) to use toward your down payment — tax-free.
Land Transfer Tax Rebates
First-time buyers may be eligible for rebates on land transfer taxes at the federal, provincial, or municipal level.
GST/HST Housing Rebate
For qualifying new homes or substantially renovated homes, partial tax rebates may apply.
Note: Incentives and eligibility may vary depending on your province or municipality. We’ll help you determine what applies to your situation.
How We Help You Succeed
At ABA Mortgages, we don’t just get you a mortgage — we prepare you for successful homeownership. From credit guidance to pre-approvals, and from comparing lender offers to explaining legal and financial steps, we ensure you move forward with confidence.
Ready to buy your first home?
Contact Anoop Balakrishnan today for a personalized consultation and let’s take your first step together.