Harry Multani

Who qualifies as a first-time buyer in Ontario?

It’s good to understand what being a “first-time home buyer” means in Ontario, especially if you intend on making use of any provincial assistance programs.

Being considered a first-time home buyer in Ontario means you have never owned a home — in full or in part — anywhere in the world. That also holds true if you owned property that you didn’t technically buy. If you previously received a home as a gift or inheritance, for example, the government of Ontario won’t consider you a first-time buyer.

https://www.scotiabank.com/ca/en/about/perspectives.articles.impact.2022-12-scotiabank-named-bank-of-the-year-canada-fourth-year.html

Scotiabank named Bank of the Year in Canada for fourth year in a row Awards from the U.K.-based magazine The Banker include the 2022 Banking in the Community Award, in recognition of ScotiaRISE community investment program

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New announcement made by Ontario government!!
See the article below..

Ontario announces sweeping housing changes allowing up to three units on many residential lots The Ontario government announced sweeping housing changes on Tuesday that will override municipal zoning laws in some situations and allow for the construction of up to three units on each residential lot.

HFA- At Scotia Bank

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Rego Realty Inc., Brokerage