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First-Time Home Buyer

Get your home ownership started with a Libro Coach today. 

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What To Think About Before Buying Your First Home

This is a good place to start and a Libro Coach is here to help you at any stage of your first-time home buying journey!

What Are You Wanting Out Of Your Home?

Are you looking for a fixer upper? Do you need a big backyard? What are you needing out of your home?

How Much Can You Afford?

With your income, living expenses, debts and down payment – how much can you afford? If you aren’t sure, check out our First Time Home Buyer Mortgage calculator.

What Is A Down Payment?

This is the amount of money you put towards the purchase of your home! It must be a minimum of 5% of the purchase price.

Cash Back Mortgage Offer

When buying a new home, extra cash might be tight. With Libro's Cash Back Mortgage offer, you can get the cash you need to buy those new appliances, pay your land transfer tax, lawyer fees, closing costs or save for your future. Receive 2.5% of the mortgage balance in cash on a 5-year term. See full terms and conditions.

Contact a Libro Coach  today to take advantage of this special offer.

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Government Incentives

The Government of Canada has put programs in place to support first-time home buyers and help Canadians get into their first home. Check out the resources below for more information or contact a Libro Coach to find out if one of these programs will work well for you!

First-Time Home Buyer Incentive

The program offers 5 or 10% of the home’s purchase price to put toward a down payment.

GST/HST New Housing Rebate

This rebate allows an individual to recover some of the tax paid for a new or substantially renovated house

Home Buyers' Plan

This program allows you to withdraw from your registered retirement savings plans to buy a home.


Check Out Our Rates

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Mortgage Calculator

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In 2019, Libro reinvested $1.5 Million back into our community.

When You Bank Local, You Support Local.

Libro invests 100% of profits back into the people, businesses and communities we serve. When you choose to bank local, you are helping our local economy thrive.

bcorp.jpgLibro is proud to be a Certified B Corporation, joining leaders of a global movement of people using business as a force for good. We believe this is a great way of doing business and one that reinforces what we have always done. B Corp certification aligns with our business model and Prosperity Purpose, helps us to be transparent and tell Libro’s story by measuring our impact on all of our stake holders and allows Libro to help bring awareness to the global movement of businesses working to solve social and environmental challenges.

The Libro Difference

As a Libro Owner, you’re part of a larger purpose of helping to grow prosperity right here in southwestern Ontario. In 2018, we reinvested $1.5 million into our communities through sponsorships, donations, student awards, our strategic partnerships, and the Libro Prosperity Fund.

Libro is proud to be a certified B Corporation®, joining leaders of a global movement of people using business as a force for good™. B Corporations (or B Corps) are important because they inspire all businesses to compete not only to be the best in the world, but also to be the Best for the World®.

As a new Libro Owner, you’ll receive $200 when you open a new account online and set up a pre-authorized reoccurring payment or deposit within 12 weeks of registering for Get Your Share.

How it works:

  1. Register on the Get Your Share website
    1. During registration you’ll submit your contact information, your personal information, review terms and conditions, and choose your preferred branch location.
  2. Open your new account online
    1. The process only takes about 5 minutes.
  3. Receive your $200 once we verify you’ve set up a pre-authorized reoccurring payment or deposit and met the eligibility requirements.

This program started on February 4, 2020. To be eligible for the $200, new Owners must:

  1. Be at least 17 years old
  2. Be resident of Ontario
  3. Not have been a member of an Ontario credit union since December 31, 2016
  4. Not be currently employee by an Ontario credit union or subsidiary
  5. Not have redeemed a Get Your Share new owner offer previously

REGISTER & OPEN ACCOUNT

Financial coaching is one important way Libro is different from banks. Every Owner at Libro gets their very own Coach — a financial expert who cares about you and your success. Your Coach gets to know you and your situation and always offers personalized financial advice to help you reach your goals.

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