PAYING FOR
YOUR HOME

Buying Your New Landmark Home

Our goal is to make your home buying experience simple and straightforward. Our Area Sales Representatives will walk you through the process every step of the way. The first step to buying a new home is understanding what you can afford. You may have already been pre-approved, but if you are unsure where to start, come into one of your show homes and we will help you through the process.

Mortgage Loan Insurance

Mortgages with less than 20 percent down are required to have mortgage loan insurance added. This insurance protects the lender in case the borrower defaults on the loan. Your Mortgage Specialist can provide more information on mortgage loan insurance.

Government of Canada
New Home Buyer Programs

Home Buyers’ Plan

Buying a home can be an expensive proposition, especially when it’s your first one. Using the Government of Canada’s Home Buyers’ Plan may help you come up with the extra funds that could make the difference in your purchase. If you’re a first time home buyer, or building a home for a related person with a disability, you can withdraw up to $25,000 from your registered retirement savings plans (RRSPs) to use as a down payment for your home. You have up to 15 years to pay back the funds to your RRSP(s). Visit the Government of Canada’s website for more information.

GST New Housing Rebate

If your new home is priced under $350,000, you may be eligible to recover some of the goods and services tax (GST). A 36% GST rebate of up to $6,300 is available for homes priced under $350,000. There is a partial rebate for homes priced between $350,000 and $450,000. Visit the Government of Canada’s website for more information.

First Time Home Buyers’ Tax Credit

If you’re a first time home buyer, or have not owned a home for four years before buying a home, you may be eligible for a $5,000 income tax credit. Visit the Government of Canada’s website for more information.


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This tool is to be used as an estimate only. Please consult a financial professional to advise on your mortgage affordability and payments.