New Home Mortgage Mississauga

If you are a first-time home buyer and looking for a new home mortgage in Mississauga? Tajwar Rahman strives to find the most fitting solution for you by offering a variety of new home mortgage options. 

I understand that a home purchase is probably one of the biggest purchases of your life. As your mortgage agent, I am here to walk you through every step of the process and can offer you mortgage services to make this process easy and stress-free.

The Canadian government has tax credits and rebates to help you save money on closing costs. They are called first-time home buyers’ tax credits and land transfer rebates.  Below is some information about both of these tax credits.

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First-Time Home Buyers' Tax Credit (HBTC)

The First-Time Home Buyers’ Tax Credit (HBTC) is a non-refundable tax credit that helps homeowners recover closing costs such as legal expenses and inspections. For an eligible home acquired after January 27, 2009, the credit is worth up to $750.

The HBTC is calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. This results in a maximum credit of $750. To receive the full credit, you must have been a first-time home buyer during the year of purchase. If you were not a first-time home buyer but purchased a home for someone who was, you may still be able to claim a portion of the credit.

To be considered a first-time home buyer, you must not have owned a home in the year before the purchase. If you are married, only one spouse can claim the credit, even if both spouses meet the definition of a first-time home buyer.

Land Transfer Rebate

The land transfer rebate refunds a portion of the Land Transfer Tax (LTT) paid when you purchase a home. The amount of the rebate will depend on the value of your home and whether you are considered a first-time home buyer.

To be eligible for the rebate, you must be at least 18 years old and occupy the home as your principal residence within nine months of the date of registration. You or your spouse must not have owned a home anywhere in the world in the four years before the purchase. If you are married, only one spouse can claim the rebate. 

The maximum rebate is $4,000, which represents a refund of up to $2,000 of the LTT paid. The rebate is calculated as a percentage of the LTT, based on the value of your home. The rate varies depending on whether you are considered a first-time home buyer.

First-time home buyers are entitled to a rebate of up to 0.5% of the value of their home, up to a maximum of $4,000. If you are not a first-time home buyer, the rebate is 0.2% of the value of your home, up to a maximum of $550.

Getting pre-approved for a mortgage is a great way to understand how much you can spend on your new home, and also lock in a competitive interest rate for up to 120 days. Once your rate is secure, you’ll be able to focus on finding your dream home without worrying about rising rates. And if interest rates happen to fall before you purchase your new home, you can always re-qualify for the lower rate.

If you are planning on buying a home and would like to take advantage of the First-Time Home Buyers’ Tax Credit or Land Transfer rebate, I can help you navigate the process and ensure you claim all the eligible expenses. Contact me today to get started with your new home mortgage in Mississauga!

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What Our Clients Say


A. Patel
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Thank you Tajwar for your support. You are indeed a great agent. I recommend others to take advantage of your great service. All the Best and Thank you. Keep up amazing work.
D. Yonelinas
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Thank you Tajwar for helping us get our second home. Without your extreme knowledge, experience and professionalism, we wouldn’t be able to get a second mortgage. And plus with a bonus low interest rate that you get for us was a big help! Please continue to help others. Thank you so much! Your hard work is truly appreciated from the bottom of our heart
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Had amazing time working with Tajwar - very professional, reliable and I felt comfortable placing my difficult mortgage situation into his hands. He and his team took care of absolutely everything, leaving nothing to chance. Transaction went smooth - certainly will be recommending to my family and friends.

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