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Incentives for First-Time Home Buyers: What You Need to Know to Unlock the Door to Homeownership

For many Canadians, owning a home is a dream—a milestone that marks stability, independence, and financial security. For first-time home buyers, this journey often feels overwhelming. Fortunately, today’s housing landscape includes a wide range of financial incentives and expert support systems to make that dream more attainable than ever.


Highlighting a suite of new and ongoing incentives that offer significant savings for first-time home buyers:


  1. GST Elimination on New Builds: For homes under $1 million, first-time buyers can save up to $50,000 in GST.

  2. CMHC Eco Plus Rebate: Qualifying properties can get up to 25% off mortgage insurance costs—potentially another $10,000 in savings.

  3. Property Transfer Tax Exemption: For homes under $1.1 million, first-time buyers may receive a full exemption from this tax, which cannot be rolled into the mortgage. This results in a major upfront cost saving.


Altogether, these benefits can add up to approximately $72,000 in savings on a $1 million purchase—a transformative figure for those trying to break into the housing market.



Restructuring Debt Into Savings: The Bernadette Story


Beyond first-time purchases, many homeowners find themselves burdened with high-interest debt. Angela Calla’s team helped client Bernadette consolidate her debts into her mortgage, saving her $2,727.74 per month.

What did Bernadette do with those savings? She’s creating an emergency fund, saving for her children’s education, and most importantly. Her story is a powerful reminder that mortgage restructuring can be a lifeline for struggling families.


Samantha’s First Home: From Renting to Ownership


Samantha, a young mom with twin boys, shared her heartfelt journey from renting to buying her family’s first home in Pitt Meadows. With Angela Calla Mortgage team’s help, she navigated pre-approval, secured a lower interest rate right before closing, saving her over $9,000, and received support with life insurance and financial planning—all tailored to her growing family.


Ready to take the first step?


Whether you’re a first-time buyer exploring incentives or a homeowner struggling with debt. The mortgage process doesn’t have to be intimidating. With the right team and information, it can be empowering.

Visit Angelacalla.ca to start your journey toward homeownership or financial freedom today. There's no fee for our services.

Reach out to Angela Calla Mortgage team to explore mortgage options and potential savings today! Call us at 604-802-3983 or email us at callateam@countoncalla.ca 


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 No GST. No Property Tax. Big Savings up to $72K!


Angela Calla is a mortgage renewal and debt elimination expert with over 20 years of industry experience. She is also a multi-award-winning mortgage professional. Since beginning as a mortgage broker in 2004, Angela has helped thousands of Canadians optimize their mortgage strategies, eliminate debt, and build wealth through real estate.


She is the best-selling author of The Mortgage Code, which equips readers with the tools to make informed financial decisions. Additionally, she is the host of Canada’s longest-running finance radio show on CKNW, where she simplifies mortgage advice and empowers listeners to take control of their financial futures.


Angela has been recognized as Business Leader of the Year (2020) by the Tri-Cities Chamber of Commerce and Entrepreneur of the Year (2019) by the City of Port Coquitlam. She is also a sought-after speaker and educator, delivering accredited training for real estate boards across Greater Vancouver.


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