Mortgage Centre


Tracy Irwin

- Accredited Mortgage Professional

Mortgage Strategies - Land Transfer Tax Rebate

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First Time Home Buyers
- Land Transfer Tax Rebate

Maximum allowable benefit $2,000

In addition to new construction homes, if you are a first-time home buyer, you are eligible for a refund up to $2,000 on the purchase of your resale home.

The definition of a first-time home buyer is:

  • “a purchaser who has not owned a home or had any ownership interest in a home anywhere in the world or the spouse of a purchaser”

A spouse is defined as:

  • either of two persons who are married to each other, and also includes
  • either of two persons who have continuously cohabited for a period of not less than three years, or for a shorter period of time if they are the natural or adoptive parents of a child

You will still be eligible to claim if you are a first-time home buyer and you are purchasing a home with someone who is not a first-time home buyer.

For example, a parent who is not a first-time home buyer and a daughter who is a first-time home buyer purchase a home with 50/50 interest. The daughter can claim 50% of the allowable refund up to a maximum of 50% of $2,000.

Your lawyer will make the necessary adjustments to the land transfer tax upon closing.

For more information visit First-time home buyer – land transfer tax rebate or Ministry of Revenue

Call for information on the land transfer tax rebate
To apply or for more information on purchasing your first home, please contact Tracy Irwin at toll-free number 1-866-797-7616 or contact her online at Ask for your complimentary copy of Home Buying Step by Step – a consumer guide and workbook or Mortgage Wise – a guide for home buyers.

Financing your mortgage loan needs in Stoney Creek, Burlington, Waterdown, Oakville, Hamilton, Ancaster and Dundas, Ontario.

R.D.M. Financial Consultants Ltd. Brokerage Licence # 10716 Each Mortgage Centre office is independently owned and operated