Anonymous conversation
First-time buying · AI chat · 12 messages
Summary
Tier Cneutral
Anonymous FTB researcher — $37K saved on $650K target. Guided to readiness content.
Intent: exploring
Outcome
QualificationStarted
AppointmentNot booked
Assigned brokerUnassigned
EscalationNot required
Linked opportunity
No opportunity created from this conversation.
Transcript
Visitor · Jul 21, 2:36 PM
How much do I need for a down payment on my first home?AI assistant · Jul 21, 2:36 PM
In Canada, the minimum is 5% on the first $500K and 10% on the portion from $500K–$1M. Above $1M you need 20%.Visitor · Jul 21, 2:36 PM
So if I'm buying at $650K?AI assistant · Jul 21, 2:36 PM
$25,000 (5% of $500K) + $15,000 (10% of $150K) = $40,000 minimum down. You'd also want closing costs (~1.5% of purchase price) on top.Visitor · Jul 21, 2:36 PM
What credits or programs are there?AI assistant · Jul 21, 2:36 PM
A few in Ontario: First Home Savings Account (up to $40K tax-advantaged), Home Buyers' Plan (up to $60K from RRSP), Land Transfer Tax rebate (Ontario + Toronto), and the First-Time Home Buyers' Tax Credit ($1,500).Visitor · Jul 21, 2:36 PM
I have $22K saved and $15K in RRSP.AI assistant · Jul 21, 2:36 PM
$37K is close but under the $40K minimum on $650K. Options: aim slightly lower, or save more. Would you like a step-by-step readiness plan?Visitor · Jul 21, 2:36 PM
Yes please.AI assistant · Jul 21, 2:36 PM
Great. I'll email it. What email should I use?Visitor · Jul 21, 2:36 PM
I'd rather not share yet. Can I get it another way?AI assistant · Jul 21, 2:36 PM
Absolutely. Here's the readiness checklist link: /guides/first-time-readiness. No email needed. When you're ready, come back and we'll pick up.