Most people think you can only be a first-time home buyer once — but that’s not always true. Depending on your situation, you may be able to reset your status and take advantage of valuable rebates and incentives that can save you thousands when purchasing your next home.
Let’s break down how it works, who qualifies, and what you could gain.
💡 What Does “Resetting Your Status” Mean?
In Ontario (and across Canada), several programs and rebates are available exclusively to first-time buyers — including:
- The Ontario Land Transfer Tax Refund
- The Federal First-Time Home Buyer Incentive
- The HST Rebate for New Home Purchases
If you’ve previously owned a home, you’re normally ineligible for these. However, certain circumstances allow you to re-qualify as if you were buying for the first time again.
📅 When You Might Qualify Again
You could be considered a first-time home buyer again if:
- You haven’t owned a home (or had any ownership interest) in the last four years
- You’ve recently divorced or separated and are starting fresh
- You’re purchasing with a spouse or partner who is a first-time buyer — and you haven’t owned a home together before
Each program defines eligibility slightly differently, so it’s important to confirm your specific details before applying.
💰 Why It Matters
Resetting your status could unlock significant savings on your next purchase, including:
✅ Land Transfer Tax refunds (up to $4,000 in Ontario)
✅ HST rebates on new construction homes
✅ Federal First-Time Home Buyer Incentive, which can reduce your mortgage payments through a shared-equity program
These programs can add up to thousands in savings — money that can go right back into your new home.
🧭 Every Situation Is Unique
Life changes — and your eligibility can too. Whether you’ve been renting for several years, recently gone through a separation, or are buying again with a new partner, you might have options you didn’t realize were available.
I’ll help you:
- Review your situation
- Confirm your eligibility
- Maximize the programs and rebates you qualify for
📩 Let’s Find Out If You Qualify
If you’re considering buying a home and wondering whether you can reset your status, let’s connect. I’ll guide you through the process, explain the options, and help you make the most of the available incentives.
👉 Contact me today to find out if you qualify for first-time home buyer programs again.
Chad Featherstone
Salesperson | Sutton Group Ottawa Realty
📞 613-851-8132
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