Government Incentive Programs
Incentive & Rebate Programs
Source: CMHC Website
First Time Home Buyer Incentive
The First-Time Home Buyer Incentive helps first-time homebuyers without adding to their financial burdens. Eligible first-time homebuyers who have the minimum down payment for an insured mortgage can apply to finance a portion of their home purchase through a shared equity mortgage with the Government of Canada. Visit the First-Time Home Buyer Incentive for more details.
Home Buyers Amount
The Home Buyers’ Amount offers a $5,000 non-refundable income tax credit amount on a qualifying home acquired during the year. For an eligible individual, the credit will provide up to $750 in federal tax relief. Go to the Home Buyers’ Amount webpage to see if you are eligible.
Home Buyer’s Plan (HBP)
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $35,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. Review the Home Buyers’ Plan for more information.
GST/HST New Housing Rebate
You may qualify for a rebate of part of the GST or HST that you paid on the purchase price or cost of building your new house, on the cost of substantially renovating or building a major addition onto your existing house, or on converting a non-residential property into a house. GST/HST New Housing provides all of the details on this rebate.
Government of Ontario LTT Refunds for First-Time Home Buyers
Land transfer tax applies to all conveyances of land in Ontario. First-time homebuyers may be eligible for a refund of all or part of the tax payable.
Incentives Programs for Home
There are many conservation and renewable energy programs available in Ontario to help you in your efforts to be more energy aware for your home. They are offered by various levels of government, by local electricity and natural gas utilities, by non-profit agencies, and by many other associations.
Monthly Summaries & Stats
RAGBOS Stats October 2020
Grey Bruce Owen Sound set new sales and average price record in October
Grey Bruce Owen Sound average home price sets new record in September
RAGBOS Stats August 2020
Grey Bruce Owen Sound home sales remain strong in August
RAGBOS Stats July 2020
Grey Bruce Owen Sound home sales hit second highest monthly level ever since in July 2020
RAGBOS Stats June 2020
Grey Bruce Owen Sound home sales jump 37.7% year over year in June, while new listings continue to recover.
RAGBOS Stats May 2020
Grey Bruce Owen Sound home sales begin to recover in May, average price surges past $500,000 mark for the first time.
RAGBOS Stats April 2020
Grey Bruce Owen Sound housing market put on pause in April as communities follow public health guidelines
RAGBOS Stats March 2020
Grey Bruce Owen Sound home sales up year-over-year in March
RAGBOS Stats February 2020
Grey Bruce Owen Sound home sales just miss record February
RAGBOS Stats December 2019
Grey Bruce Owen Sound home sales up year-over-year in December
RAGBSO Stats November 2019
Grey Bruce Owen Sound home sales remain strong for fourth consecutive month in November
RAGBOS Stats October 2019
Grey Bruce Owen Sound home sales remain strong for third straight month in October
RAGBOS Stats September 2019
Grey Bruce Owen Sound homes sales remain strong for second straight month in September
RAGBOS Stats August 2019
Grey Bruce home sales surge higher in August 2019
RAGBOS Stats July 2019
Grey Bruce Owen Sound home sales improve in July; prices continue to push higher amid ongoing supply shortage
RAGBOS Stats June 2019
Grey Bruce Owen Sound homes sales still subdued in June; prices push higher amid ongoing supply shortage
RAGBOS Stats Release May 2019
Grey Bruce Owen Sound home sales have middling spring amid ongoing supply shortage
RAGBOS Stats April 2019
Grey Bruce Owen Sound homes sales still subdued, but prices picking up again amid low inventory
RAGBOS Stats March 2019
Grey Bruce Owen Sound home sales post below-average March amid ongoing supply shortage