Does the Ontario first-time buyer LTT rebate apply to condo purchases as well as houses?

Yes, the Ontario first-time home buyer land transfer tax rebate applies to condominiums as well as detached houses, semi-detached homes, townhouses, and other types of residential property. The rebate is not restricted to a particular type of residential dwelling — what matters is that the property is residential and you intend to occupy it as your principal residence.

Whether you are buying a resale condo, a pre-construction condo, a detached house, or a townhouse in a common elements condominium, the same rebate eligibility rules and maximum rebate amount apply. The type of property does not affect eligibility.

One area of nuance is pre-construction condos: LTT is paid at final closing when the deed is registered, not when you sign the purchase agreement with the builder. If you are a first-time buyer eligible for the rebate, your lawyer will apply it at the time of that final closing. Make sure your lawyer is aware of your first-time buyer status well in advance of the closing date.