Real Estate Incentives for Home Buyers & Sellers
Let Us Help You Keep More In Your Pocket
Buying or selling a home is a big financial decision. Our job is to help you make the most of it. With decades of local experience, a full support team, and a truly client-first approach, we don’t just guide you through the process … we help you take advantage of every incentive, guarantee, and opportunity available to you.
From exclusive Trevor Shaw Team incentives to local, provincial, and national programs, this page outlines the tools that can help you save money, reduce risk, and move forward with confidence.
Incentives from The Trevor Shaw Team
These incentives are exclusive to clients of the Trevor Shaw Team. They’re designed to reduce stress, offset costs, and give you added confidence when buying a home.
$1,000 Toward Real Estate Legal Fees for Buyers
Buying a home comes with a variety of costs, and legal fees are one of the unavoidable ones. To make the process a little easier, the Trevor Shaw Team offers $1,000 toward your real estate legal fees when you buy with us.
This incentive helps offset the cost of your lawyer’s services for preparing contracts, handling closing documents, and ensuring a smooth, compliant transaction. Our goal is to reduce stress and make buying your home more affordable, giving you added confidence as you move forward.
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12-Month Home Satisfaction Guarantee for Buyers
For the first year after you move in, we guarantee that you’ll be happy with your home, your neighbourhood, and even your neighbours. If for any reason you feel it’s not the right fit, we’ll help you sell your home, waive our listing commission (the selling agent’s commission still applies), and guide you to a property that better meets your needs.
It’s our way of giving you peace of mind, showing we stand behind every purchase, and making your first year in your new home as stress-free and rewarding as possible.
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Local & National Real Estate Incentives for Sellers
While Canada doesn’t offer direct rebates for selling a home, sellers can still benefit from valuable tax and cost-saving opportunities.
Principal Residence Exemption
When you sell your home, there may be a capital gain. The good news: if the property was your principal residence for every year you owned it, you do not have to pay tax on that gain. This can result in significant tax savings and is one of the most valuable benefits available to Canadian homeowners.
Moving Expenses
If you’re moving for post-secondary or employment (including self‑employment), the Canada Revenue Agency lets you claim moving expenses on your tax return provided you moved at least 40 km closer to your new workplace or school. This can help reduce taxable income.
Local & National Real Estate Incentives for Buyers
Here are options that can help make your new home purchase more affordable, whether you are buying your first home or buying again.
New Housing Rebate
If you purchase a new or substantially renovated home from a builder in Ontario, you may be eligible for the Ontario New Housing Rebate up to $24,000. Eligibility depends on how the home is used, its purchase price, and whether it will be your primary residence.
Moving Expenses
You may be able to claim moving expenses in the year you move. To qualify, your move must be for a new job, to run a business, or to attend a post-secondary program full-time, and your new home must be at least 40 kilometres closer to your new workplace or school.
Ontario Renovates
If you are buying a home that needs repairs or updates, the Ontario Renovates Program may be of help. Eligible buyers of low- to moderate-income homes can receive up to $15,000 per unit for urgent repairs, renovations, or accessibility modifications.
Secondary Suites Program
Are you thinking of building a rental space? The Secondary Suites Program provides funding of up to $50,000 per unit to create secondary or garden suites, helping increase the supply of affordable housing and adding long-term value to your property.
Incentives for First-Time Home Buyers
There are a variety of programs, rebates, and incentives designed to make homeownership more affordable for first-time buyers. Some of these benefits are also available to those who are purchasing again after a period without owning a home.
Affordable Homeownership Program
The Affordable Homeownership Program helps eligible low- to moderate-income renter households in Simcoe County take the step into homeownership by providing 10% down payment assistance through a 20-year forgivable loan.
Ontario Land Transfer Tax (LTT) Rebate
First-time homebuyers in Ontario may be eligible for a refund of up to $4,000 for the land transfer tax when buying an eligible home through the LTT Rebate. To qualify, you must be at least 18 and occupy the home as your principal residence.
First-Time Home Buyers’ Tax Credit (HBTC)
The HBTC helps first-time homebuyers reduce federal taxes when purchasing a home. Eligible buyers can claim up to $10,000 on their income tax, giving a tax credit of up to $1,500. To qualify, the home must be your principal residence.
Home Buyers’ Plan (HBP)
The HBP lets first-time buyers withdraw up to $60,000 from RRSPs to buy or build a qualifying home. You can use the HBP alongside your FSHA for the same home and withdrawn amounts are repaidover a 15-year period to avoid taxes.
First Home Savings Account (FHSA)
A FHSA is a tax-free savings plan designed for first-time buyers to save toward buying or building a home. You can contribute up to $8,000 per year, and contributions are generally tax-deductible, helping you grow your down payment faster.
First-Time Buyers’ GST/HST Rebate
The federal government has proposed a new rebate allowing first-time home buyers to recover up to 100% of the GST (or federal HST) on a new home, up to $50,000, if the legislation receives Royal Assent.
Not Sure What Real Estate Incentives You Qualify For?
Every situation is different. Some incentives can be stacked, others depend on timing, location, or buyer status. We’ll walk you through what applies to you and how to use it strategically.
Ask us how you can take advantage of these real estate incentives before making you next move.