- Home
- First-time buyers
Your first home could be a new freehold in Erin
Brand-new freehold townhomes from $599,900, a lot of rebate money on the table, and 30-year amortizations on new builds. Here’s how first-time buyers make Erin work.
What’s available to you
| Program | Amount | Who qualifies | Deadline |
|---|---|---|---|
| Ontario HST relief for all buyers | Up to $130,000 | Any buyer of a new home up to $1.5M (full relief to $1M), as a principal residence or a rental property | Agreements signed Apr 1, 2026 – Mar 31, 2027 |
| Federal First-Time Home Buyers’ GST rebate | Up to $50,000 | First-time buyers of new homes; full to $1M, phased out to $1.5M | Agreements signed Mar 20, 2025 – end of 2030 |
| Ontario first-time buyer HST rebate | Up to $80,000 | First-time buyers of new homes; full to $1M, phased out to $1.5M | Agreements signed Mar 20, 2025 – Dec 31, 2030 |
| Land transfer tax refund | Up to $4,000 | First-time buyers in Ontario | Ongoing |
| 30-year insured mortgages | Lower payments | All buyers of new builds and all first-time buyers; insured price cap $1.5M | Since Dec 15, 2024 |
Eligibility rules apply. The federal 5% and Ontario relief programs overlap, so combined relief is capped at the full 13% HST. Sources: CRA: First-Time Home Buyers’ GST/HST Rebate · Ontario: Building more homes faster (HST relief) · Ontario land transfer tax refund for first-time buyers. Confirm with your lawyer before signing.
A $599,900 Erin townhome
| Starting price (Erin Glen 20′ town, HST credit applied) | $599,900 |
| Deposits over the first 6 months (builder structure) | $40,000 |
| Balance to 10% before closing | $19,990 |
| Insured mortgage at 10% down, 30 yrs, ~4.2% (before CMHC premium) | ≈ $2,630/mo |
| Land transfer tax after first-time refund | ≈ $4,475 |
Illustrative. Erin Glen’s prices already include an HST credit that depends on eligibility; check your rebate position with the builder and your lawyer. Mortgage payment excludes default insurance premiums and property tax.
Run your own numbers
Use your FHSA
A First Home Savings Account gives you $8,000 a year of tax-deductible room (up to $40,000 lifetime), and qualifying withdrawals are tax-free. That’s ideal for funding pre-construction deposits.
House-hack it
On serviced Erin lots, Ontario allows up to three units per lot. A legal basement suite can help carry your mortgage. Ask for a side entrance and basement rough-in up front.
Time is on your side
Pre-construction spreads your deposits over months and closes in one to three years, giving you time to save, build credit and lock in rebates.
First-time buyer? Start with the entry-level releases
We’ll flag the best-value townhomes and semis in every Erin and Hillsburgh release, and walk you through the rebates step by step.
- Price lists, floor plans and deposit structures as soon as they’re out
- First pick of lots before public launch weekends
- Straight answers on which models and lots hold value
First-time buyer questions
What rebates can first-time buyers get on a new home in Erin?
Up to $50,000 from the federal First-Time Home Buyers’ GST rebate and up to $80,000 from Ontario’s first-time buyer HST rebate, together up to the full 13% HST on homes up to $1M (phasing out to $1.5M), plus up to $4,000 back on land transfer tax. Agreements must be signed after March 20, 2025.
What is the cheapest new home in Erin?
As of September 2026, Erin Glen’s 20′ freehold townhomes start at $599,900 (HST credit applied). Ballantry advertises its Hillsburgh community from the $580s, with pricing not yet released.
Can first-time buyers get a 30-year mortgage on a new build?
Yes. Since December 15, 2024, insured mortgages can be amortized over 30 years for all first-time buyers and for all buyers of new builds, and the insured-mortgage price cap is $1.5 million.
