The Government of Canada has officially passed new legislation that provides GST relief on newly built homes for first-time buyers. This means GST is eliminated on new homes priced up to $1 million (up to $50,000 in savings) for first-time home buyers.
Find out what this means for you!
Jayman Financial.
Get the best mortgage rate for your unique financial needs.
Buying a new home is one of the most important financial decisions you’ll ever make. Feel confident you’re making all the right choices along the way with the guidance of professional, independent mortgage brokers. We are here to provide the best advice and save you money.
Why Jayman Financial?
Mortgage insurance rebate.
All Jayman BUILT homes are Built Green certified, which allows buyers to qualify for a mortgage insurance rebate of up to 25% through providers like CMHC, Sagen, and Canada Guaranty. This rebate is applied after possession and can result in meaningful savings.
For example, an average home is priced at $650,000 with a minimum 5% down payment, a Jayman home buyer could receive a rebate up to $6,175 after they take possession.
Down payment savings plan.
It is easier than ever to save for the purchase of your new home. If you have found the home of your dreams, but don’t yet have the savings to for 5% down payment, Jayman Financial's Down Payment Savings Plan Program may fit your needs. You can start this program by putting as little as 2.5% down, with the remainder paid in monthly installments over the following 2 - 5 months.
This allows you to secure the home and lot you love, while you save for your full 5% down payment.
PreQualify
Jayman Financial's team of experts are here to guide you through the entire process, explaining everything you need to know to make an informed decision and get a truly personalized mortgage solution. Find out how much your qualify for.
GST relief for first-time home buyers.
The Government of Canada has officially passed new legislation that provides GST relief on newly built homes for first-time buyers and it means significant savings when purchasing your new home. The passing of this bill officially implements the federal elimination/reduction of GST on new homes for first‑time buyers:
- Eliminates GST on new homes priced up to $1 million (up to $50,000 savings).
- Reduced GST on new homes priced between $1 million and $1.5 million (sliding scale based on percentage between $1M and $1.5M).
Jayman Financial Calgary Associates
- Jordan D'Haese - Vice President - 403.974.6841
- Ray Drake - Mortgage Broker - 403.354.8799
- Jenny Tran - Mortgage Broker - 403.615.4408
- Kara Junk - Mortgage Broker - 403.348.3868
- Avleen Kang - Mortgage Broker - 587.707.8796