If you are buying your first home in Manitoba, several federal and provincial programs can help with the down payment and closing costs. Here is the 2026 overview.
First-time buyers in Manitoba can use the federal First Home Savings Account (FHSA, up to $40,000 tax-free for a home), the Home Buyers' Plan (up to $60,000 from an RRSP), and the GST/HST new-home rebate — plus Manitoba land transfer tax rules and any provincial first-time rebate. Verify current program details.
| First Home Savings Account (FHSA) | Up to $8,000/yr, $40,000 lifetime, tax-deductible in, tax-free out |
| Home Buyers' Plan (HBP) | Withdraw up to $60,000 from an RRSP, repay over 15 years |
| GST/HST new-home rebate | Partial rebate on qualifying new builds |
| First-time buyer land transfer rebate | Available in some provinces/cities (see below) |
Land transfer tax is one of your biggest closing costs and it varies by province. Estimate yours on the land transfer tax calculator, which covers Manitoba rates and any first-time-buyer rebate.
You must qualify under the stress test at the higher of your rate + 2% or 5.25%, so the Bank of Canada rate directly shapes how much you can borrow. Check the live rate, the next decision, and estimate your budget on the affordability calculator.
Federal FHSA, the Home Buyers' Plan ($60,000 from an RRSP), the GST new-home rebate, plus provincial land transfer tax rules and rebates. Verify current details.
As little as 5%% on the first $500,000. See minimum down payment.
No — it is an illustrative overview. Confirm eligibility with the CRA and a mortgage professional.