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First-time homebuyers can take advantage of many government programs to help ease the expense of buying a home. The programs offered include tax credits (including the land transfer tax rebate), the Home Buyer’s plan, and the GST/HST new housing rebate. Mortgage insurance is offered by the Canada Mortgage and Housing Corporation (CMHC) and other private insurers, and allows all home buyers including first-timers to buy a home with a down payment of as little as 5%. Cash grants are rare, but the programs available can help buyers save thousands of dollars.

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