PAYING FOR YOUR HOME

Getting Qualified

The first step to buying a new home is understanding what you can afford. We makeyour home buying experience simple and straightforward by working with a group ofreputable and knowledgeable Mortgage Specialists. Our preferred Mortgage Specialistswork for a variety of financial institutions and many are fluent in multiple languages.Their goal is to help you get approved and assist you through the financial processof buying your Landmark Home.

Check out our preferred Mortgage Specialist list or visit any of our show homesto get started.

PREFERRED MORTGAGE SPECIALISTS

Mortgage Loan Insurance

Mortgages with less than 20% down are required to have mortgage loan insurance added.This insurance protects the lender in case the borrower defaults on the loan. Onthe plus side, there is a CMHC Green Home Refund that can refund up to 25% of themortgage loan insurance amount.

CMHC Green Home Mortgage Loan Refund

A mortgage loan insurance refund of 15% or 25% is available to customers who buya new, energy efficient home and have their mortgage insured with CMHC. Our attachedgarage homes, detached garage homes, duplexes and townhomes are eligible for a 15%refund on the CMHC mortgage loan insurance because of the energy efficient featureswe include*. If you choose to boost the energy efficiency of your Landmark homeor make it Net Zero, the refund would be 25% of your mortgage loan insurance.

Here’s an example of what you could save:

$400,000 home
5% down payment
CMHC mortgage loan insurance $15,200v 15% refund - save $2,280
25% refund - save $3,800
Find out more about our energy efficient homes.

Energy Efficiency

*Some conditions apply. Subject to change without notice. Visit a sales centrefor details.

Government of Canada New Home Buyer Programs

Home Buyers' Plan

Buying a home can be an expensive proposition, especially when it’s your first one.Using the Government of Canada’s Home Buyers’ Plan may help you come up with theextra funds that could make the difference in your purchase. If you’re a first timehome buyer, or building a home for a related person with a disability, you can withdrawup to $25,000 from your registered retirement savings plans (RRSPs) to use as adown payment for your home. You have up to 15 years to pay back the funds to yourRRSP(s). Visit the Government of Canada’s website for more information.

GST New Housing Rebate

If your new home is priced under $350,000, you may be eligible to recover some ofthe goods and services tax (GST). A 36% GST rebate of up to $6,300 is availablefor homes priced under $350,000. There is a partial rebate for homes priced between$350,000 and $450,000. Visit the Government of Canada’s website for more information.

First Time Home Buyers’ Tax Credit

If you’re a first time home buyer, or have not owned a home for four years beforebuying a home, you may be eligible for a $5,000 income tax credit. Visit the Governmentof Canada’s website for more information.