Attention First-Time Home Buyers!

Buying your first home is a big milestone, and knowing when to make the move can feel like an even bigger decision.

The good news? There are more opportunities available to first-time buyers today that can help make homeownership feel more within reach.

From the new First-Time Home Buyers’ GST/HST Rebate to Daytona Comfort Pay and today’s interest rate environment, if you’ve been thinking about buying your first home, now could be a great time to explore what’s possible.

Save Up to $50,000 on Your First Home

The First-Time Home Buyers’ GST/HST Rebate is now in effect, helping eligible first-time buyers save on the cost of a newly built home. To learn more, visit here.

Eligible buyers can save up to $50,000 in GST on a new home priced at $1 million or less, with partial savings available on qualifying homes between $1 million and $1.5 million.

At Daytona Homes, we’re making those savings easier to access by applying eligible GST savings directly to the purchase price.

That means less money upfront and more room in your budget for the things that matter most.

More Flexibility with Daytona Comfort Pay

We know saving for a down payment can be one of the biggest hurdles when buying your first home.

That’s why we created Daytona Comfort Pay.

Available to eligible purchasers on select presale homes, Comfort Pay provides more flexibility in how you approach your down payment throughout the homebuying process.

Every homebuying journey looks a little different. Comfort Pay gives you another option to plan for your purchase while your new home is being built.

To learn more about Comfort Pay, click here.

Today’s Interest Rates Won’t Always Be Tomorrow’s

Interest rates have a way of changing with the economy, and what feels like a normal borrowing environment today can look very different a few years from now.

Canada’s interest rate environment has changed considerably from the recent highs of 2023 and 2024. Historically, periods of favourable borrowing conditions have tended to be temporary. As economic conditions evolve, so can interest rates, which means today’s rates may not be available indefinitely.

If you explored buying a home a few years ago and decided to wait, it may be worth taking another look. Understanding what you can afford under today’s conditions can help you make a more informed decision, rather than waiting for the “perfect” time.

Speaking with a mortgage professional can give you a clearer picture of your purchasing power, potential monthly payments and what you may be able to comfortably afford.

More Support for First-Time Buyers

There are also several programs designed to help make buying your first home more attainable.

The First Home Savings Account (FHSA) offers tax advantages while you save for your first home, while the Home Buyers’ Plan allows eligible buyers to withdraw funds from their RRSP toward their purchase.

First-time buyers may also qualify for a 30-year insured mortgage amortization, which can help lower monthly mortgage payments by spreading them over a longer period.

Together with the GST/HST rebate and Daytona Comfort Pay, these programs give first-time buyers more options when planning their path to homeownership.

Why Now Is Worth a Closer Look

If homeownership has been on your mind, now is a great time to see what’s possible.

With the First-Time Home Buyers’ GST/HST Rebate now available, today’s interest rate environment, more flexible down payment options through Daytona Comfort Pay on select homes, and the added certainty of Daytona’s Price Lock Guarantee, there are several opportunities available to first-time buyers right now.

Waiting for the “perfect” time can mean overlooking the opportunities already in front of you. You don’t have to be ready to buy tomorrow to start exploring today.

Talk to our team, understand your options and see what homeownership could look like for you. You may find that your first home is closer than you think.

Your First Home May Be Closer Than You Think

Explore Daytona Homes’ available homes and models, or visit one of our show homes to speak with our team about the options available to you.

Eligibility and conditions apply to Daytona Comfort Pay, the First-Time Home Buyers’ GST/HST Rebate and other first-time buyer programs. Buyers should consult the appropriate government resources and their mortgage or financial professional to confirm eligibility.