First Time Home Buyers

Buying your first home is one of life's biggest decisions. I'll guide you through every step — clearly, calmly, and at no cost to you.

First Time Home Buyers

Navigating your first mortgage can feel overwhelming. I'll explain everything in plain language, help you take advantage of first-time buyer programs, and make sure you get the best possible start.

From your first conversation to the day you get your keys, I'll be with you every step of the way.

First-Time Buyer Advantages

  • First Home Savings Account (FHSA) eligible
  • Home Buyers' Plan — use RRSP funds for down payment
  • First-Time Home Buyers' Tax Credit (up to $1,500 back)
  • Land transfer tax rebates where applicable
  • Minimum 5% down payment for homes under $500K
  • CMHC mortgage insurance available

Why Work With Gagan Luna

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Plain Language Guidance

Every term, document, and decision explained in language that makes sense.

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Access to Incentives

Take advantage of every government program and rebate available to you.

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No Pressure

You'll feel completely informed and confident before making any decision.

Frequently Asked Questions

Q: How much do I need for a down payment?

Minimum 5% for homes up to $500K. Between $500K–$999,999: 5% on the first $500K and 10% on the remainder. Over $1M requires 20% down.

Q: What is CMHC insurance?

If your down payment is under 20%, your mortgage requires CMHC default insurance. It protects the lender but allows buyers to enter the market sooner.

Q: Can I use my RRSP for a down payment?

Yes! The Home Buyers' Plan lets first-time buyers withdraw up to $35,000 from their RRSP tax-free. You have 15 years to repay it.

Ready to take the next step?

Book a free, no-obligation consultation and let's find the right mortgage for your situation.

Apply Now → Contact Gagan