To be eligible as a first-time buyer for the provincial LTT rebate: • The purchaser must be at least 18 years old. • The purchaser must occupy the home as their principal residence within nine months of the date of transfer. • The purchaser cannot have ever owned an eligible home, or an interest in an eligible home, anywhere in the world, at any time. • If the purchaser agreed to purchase and sell before December 14, 2007, the home must be a newly constructed home and the purchaser must be eligible for the Tarion New Home Warranty. • If the purchaser has a spouse, the spouse cannot have owned an eligible home, or had any ownership interest in an eligible home, anywhere in the world, while he or she was the purchaser’s spouse. If this is the case, no refund is available to either spouse. • The purchaser cannot have previously received an Ontario Home Ownership Savings Plan (OHOSP)
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https://trreb.ca/files/homeownership/govprog_hstrebate0211.pdf
Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice. Real estate investments carry risks, and individuals should conduct thorough research and seek professional guidance before making any investment decisions.
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