Ontario’s Premier Down Payment Program
Get Up to $25,000 For
Your First Home
Your First Home
50% commission rebate as down payment boost plus dedicated advisors guiding you from pre-approval to keys-in-hand.
4.9
from 100+ reviews
Apply Now
No Loans
No Equity
No Credit Check
As featured on
Your Path to Homeownership
Upfront Cash for your Home Purchase
Secure your home purchase through Zown and receive 1.25% of the purchase price as a down payment boost
Eligibility Requirements
To qualify for our program, you must have the following:
- Annual household income of $90,000
- Minimum savings of $15,000
- Minimum credit score of 620
Find out how much you qualify for today!
Property Price
$700,000$100K$3.0M
Down Payment Needed
$45,0006.4%
Zown's Contribution
$8,7501.25%
New Down Payment Needed
$38,000Save 19.4%
How Does Zown Work?
Four steps of buying a home with Zown
1
Schedule a Call
Speak with a Zown expert to discuss your home buying goals and how our 1.25% contribution offer can boost your purchasing power.
2
Boost Your Budget
We'll help you get pre-approved quickly through our mortgage partners so you can start your home search with confidence.
3
Go Home Shopping
Work with your personal account manager for tailored home recommendations, and work with your local Zown agent to view & find the perfect fit.
4
Close with Confidence
A week before closing, Zown provides your upfront cash back, ensuring a smooth finish. We also handle the legal and closing details, so you can move in stress-free.
Know Your Numbers
Calculate Your Affordability
Find out what's within your reach and take the first step toward owning your dream home with no stress and complete clarity.
The total income for your household before taxes
Include RRSP, FHSA, TFSA etc. savings if applicable
What you currently pay monthly for loans, credit cards, or other debts.
Your Current Buying Power
Maximum Affordability$0
Zown's Contribution $0
Total Mortgage Savings (30-Years)$0
Down Payment Needed (5%)
$0Zown's Contribution
$0New Down Payment Needed
$0Suren and Marina arrived in Canada in 2019 as professionals under the Skilled Immigrant program. Like many new immigrants, they were overwhelmed by the Canadian housing market - unsure if their household income could support a mortgage, where to buy, or how to navigate the process.
With Zown's help, they received:
With Zown's help, they received:
$12,000 in upfront funds for their down payment
Guidance through the entire home buying process
A lower mortgage rate than they could find elsewhere
Client Success Stories
Suren & Marina
First Home Learning Center
Smart Steps to Homeownership
Navigate your journey from dreaming to owning with confidence. We've tailored each resource to help Ontario first-time home buyers make smarter decisions, avoid costly surprises, and get the most out of every dollar. No jargon, just guidance.
Get Started
Saving Up
First Home Savings Accounts
Extra Cash
Upfront Cashback with Zown
Mortgage 101
No Credit Check Pre-Qual
Home Search Tips
Finding the Right Fit
Get a Bigger Tax Return
New Housing Rebates
Closing Fees
Land Transfer Taxes
Save Faster for Your Down Payment
Unlock the Best Savings Methods for Homeownership
Buying a home is a major financial step, but the right savings strategy can make it easier. Canada offers powerful tools to help you grow savings faster, maximize tax benefits, and make homeownership more affordable. From government-backed programs to flexible savings options, these methods ensure you get the most out of every dollar.
Method 1 - Zown Down Payment Boost
Upfront Cashback
Securing a home requires more than just a strong offer - it demands financial flexibility. With our Upfront Down Payment Boost, you can receive up to 1.25% of your property's total value ahead of your purchase, providing immediate access to funds that can help cover closing costs, legal fees, or other upfront expenses.
By giving you a head start, we make homeownership more accessible, ensuring you can secure your dream home without unnecessary financial strain.
- Get up to 1.25% of the purchase price in advance
- Use the funds toward closing costs, legal fees, or adjustments
- Maintain your savings for moving expenses or home improvements
- No complicated repayment terms - just more financial confidence when buying
By giving you a head start, we make homeownership more accessible, ensuring you can secure your dream home without unnecessary financial strain.
Method 2 - FHSA
First Home Savings Account
The First Home Savings Account, introduced in 2023, is the most powerful savings tool in Canada for first-time home buyers. This allows you to deposit within a tax-free account to let you save towards your future home. The best part is if unused, this rolls into your RRSP effectively doubling your contribution room without affecting your RRSP limits.
- Contribute up to $40,000 tax-free specifically for your first home, with an annual contribution limit of $8,000
- Contributions are tax-deductible, similar to an RRSP, this would mean your taxable income can be reduced by $8000 each year you contribute
- Withdrawals for a home purchase are completely tax-free
- 15-year maximum participation period from the date you open the account
Method 3 - RRSP
Registered Retirement Savings Plan
If you have existing RRSP savings, the Home Buyers' Plan allows you to withdraw funds for a home purchase while deferring tax obligations. However, you are required to repay that contribution you had made to your RRSP over the next 15 years.
- Withdraw up to $60,000 tax-free from your RRSP ($120,000 for couples)
- Funds must be repaid within 15 years to maintain tax-advantaged status
- Repayments start the second year after withdrawal with a minimum annual repayment of 1/15 of the amount borrowed
- Best suited for those with an established RRSP account
- Must be a first-time home buyer or have not owned a home within the previous 4 calendar years
- Furthermore, withdrawn funds must be used within 30 days of receiving them
Method 4 - TFSA
Tax Free Savings Account
Another flexible method for approaching your down payment would be utilizing a Tax-Free Savings Account, which offers significant advantages for both short- and long-term savings goals. However, you will need to carefully review how the contribution limits work with calculators such as these.
- Earnings and withdrawals are tax-free
- No restrictions on how funds are used
- Withdrawn amounts are added back to your contribution room the following calendar year if you withdraw $20,000 you get back $20,000 in contribution room
- A great supplemental savings tool alongside your RRSP and FHSA
- No tax deduction for contributions, but all growth and withdrawals remain tax-free
You’re One Step Closer To Home
Apply today to unlock non-repayable, equity-free funds for your home purchase and get personalized support every step of the way.
