First-Time Homebuyer Benefits in Ontario

In Canada, there are many benefits to being a first time home buyer. These benefits are put in place to help you achieve owning your first home instead of continuing to rent. Did you know that, depending on what province that you live in, there are provincial incentives to purchasing your first home? Ontario is one of those provinces. These benefits can help someone with the income to pay a mortgage take that first step into home ownership. Especially with the increased cost of living, it can be much more difficult to save for a down payment.