Your First Step Towards Homeownership
Learn how to navigate the home buying process, qualify for the right mortgage, and access exclusive resources for First-Time Home Buyers.
📹 First-Time Homebuyer Updates in Canada – 2025 Breakdown by Paul Davidescu
In this video, Paul Davidescu, co-founder of Level Up Mortgages, walks you through the latest 2025 updates for first-time homebuyers in Canada. Whether you're just beginning your homeownership journey or actively preparing to purchase, this guide provides valuable insights into government programs, tax strategies, and smart savings options to help you secure your dream home.
✅ Cancellation of the First-Time Home Buyer Incentive – Why it ended and what it means for buyers.
✅ New Property Transfer Tax Exemptions & TFSA & RRSP Tips – Save thousands if you're purchasing in British Columbia also compare your options for saving a down payment strategically.
✅ First Home Savings Account (FHSA) & First-Time Home Buyer Tax Credit – Learn how to contribute up to $40,000 tax-free & maximize your tax return with available credits.
🎯 Whether you're buying pre-sale, planning a low down payment, or saving through RRSPs and FHSAs, this video gives you the roadmap to make the most of your options in today’s market.
Why to buy?
Incentives
Tax credits, grants, and rebates available exclusively for first-time buyers. Buying your first home comes with a range of financial benefits designed to ease your entry into the market. From the First-Time Home Buyer Tax Credit (FTHB) to GST/HST rebates and land transfer tax exemptions, there are numerous incentives to reduce your upfront and long-term costs. Some provinces and municipalities even offer down payment assistance programs, making homeownership more accessible than ever. These programs are often stackable, meaning you can combine them for maximum value.
✅ Examples:
$10,000 FTHB tax credit & FHSA: Save up to $40,000 tax-free
RRSP Home Buyers’ Plan: Withdraw up to $60,000 for your down payment
BC Property Transfer Tax exemption for first-time buyers
New Policies
Access to the latest policies favoring first-time homeowners. Recent federal and provincial policy updates have made it easier to buy your first home. In 2025, the First-Time Home Buyer Incentive Program was discontinued due to low uptake, making way for more relevant and accessible options like the First Home Savings Account (FHSA). In provinces like British Columbia, property transfer tax thresholds have been raised, providing relief to more buyers. Additionally, new amortization flexibility for pre-sale buyers and those with low down payments helps reduce monthly mortgage costs.
🆕 What's New in 2025:
Elimination of the FTHBI (ineffective shared-equity plan)
Enhanced FHSA benefits
Longer amortization options for insured mortgages
Streamlined qualification rules for pre-construction buyers
Investment Opportunities
Learn how buying your first property can be your first investment step. Purchasing a home isn't just about having a place to live—it’s a powerful step toward building wealth and equity. Real estate often appreciates over time, and by buying early, you start growing your net worth sooner. As a first-time buyer, your home can also double as an investment property in the future, whether through rental income, leveraging equity for another purchase, or resale profits. Some new programs even support first-time investor education, helping you think long-term from day one.
📈 Why It’s Smart:
Turn monthly rent into equity
Hedge against inflation with real estate appreciation
Explore rental or Airbnb potential & Access HELOCs (Home Equity Lines of Credit) as equity builds
How Can We Help You?
Dedicated First-Time Buyer specialists guiding you from A to Z.
Customized mortgage solutions suited to your unique situation.
Access to lenders offering exclusive FTHB programs.
Step-by-step support throughout the entire buying process.
Blog Posts For First Time Home Buyers 🏡
