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Smart Strategies for First-Time Home Buyers: How to Save Big on Your Mortgage

Buying your first home is a thrilling milestone, but it can also be financially overwhelming if you’re not equipped with the right information. Fortunately, there’s some great news for first-time buyers: several government programs and mortgage strategies can save you tens of thousands of dollars if you know where to look.



Here’s what first-time buyers need to know to navigate the process confidently and maximize savings.

1. Save Big with New Build Incentives

One of the biggest announcements in recent months is that GST is now exempt on new build purchases. On a $1 million home, that’s a $50,000 savings right off the bat. And it doesn’t stop there, property transfer tax exemptions for new constructions can add even more relief.


These incentives apply not just to first-time buyers but to anyone purchasing a newly constructed home, making it a golden opportunity for anyone entering or moving up the market.


2. Eco-Friendly Homes Come with Cash Back

For buyers opting for energy-efficient new builds, there’s more good news. The CMHC Eco Plus Program offers a 25% premium rebate on mortgage insurance for homes meeting certain environmental standards. On a $1 million purchase, this could equate to $72,800 in upfront savings.


But here’s the catch: not all lenders apply this rebate automatically. Some include it in the mortgage up front (improving qualification and reducing costs), while others leave it to the borrower to claim post-funding. This is why choosing the right mortgage professional is essential.


3. Avoid Common Misconceptions

Many buyers wrongly assume that GST exemptions apply to all types of purchases, including assignment sales but that’s not true. The exemption applies only to new contracts dated after May 27, 2025.


Another common myth is that property transfer tax can be rolled into the mortgage. For new builds, this cost is exempt, making it easier to meet down payment requirements and get into the market sooner.


4. Special Programs for Certain Professions

Some sectors benefit from specialized mortgage programs. For instance, medical professionals in residency can qualify using projected income, which could bump their mortgage qualification from $300,000 to $1M.


Self-employed individuals can also benefit from customized solutions that take into account more than just traditional income documents.


5. Renting or Living at Home Is a Hidden Advantage. You’re in a Strong Position

Buyers who are currently renting or living with family have a unique edge. They can submit offers without a “subject to sale” condition, making them more attractive to sellers. In a cautious market, this can give you a real edge. With abundant housing inventory, this flexibility can be the key to securing a great deal.


6. Expert Advice Makes All the Difference

The Angela Calla Mortgage team doesn’t just help you get a mortgage, they help you build and protect wealth. With shifting market dynamics, interest rates, and government policies, a trusted advisor can help you stay informed and adjust your strategy over time.


Real Buyer Story: From Vancouver to Calgary

A first-time buyer named Aiken recently moved from Vancouver to Calgary, where she found the market far more accessible. With Angela Calla Mortgage team guiding her, she benefited from a low interest rate, flexible mortgage terms, and strong team support throughout the process. Now she’s comfortably settled in a renovated condo with future financial flexibility.



Smarter Homeownership Starts Here—Let’s Talk


Working with the Angela Calla Mortgage team, there’s no fee. We can help you navigate opportunities, secure low rates, and avoid costly mistakes. From upfront savings to ongoing mortgage management, working with the right professionals ensures you’re not leaving money on the table.


Your homeownership dream might be closer than you think. We will help you take full advantage of all available programs so you can move forward with confidence. 


Visit Angelacalla.ca and contact our team at 604-802-3983 or email us at callateam@countoncalla.ca to get started!


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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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