Ontario First-Time Home Buyer Guide

First-time home buyers in Ontario face significant challenges due to high living costs, low housing supply, and elevated home prices, with averages exceeding $865,000 province-wide and over $1,000,000 in Toronto. Various assistance programs exist, including land transfer tax refunds and down payment loans, but they may not drastically alleviate affordability issues. Buyers should understand local market conditions, get mortgage pre-approval, and create a budget. Persistence and expert guidance are crucial for navigating the competitive housing landscape.