First-Time Home Buyer
Libro makes owning your first home a reality. Get your home ownership started with a Libro Coach today.
How does the stress test impact your qualification?
A stress test will ensure that you’re able to withstand rising interest rates.
The Government of Canada sets the regulations for mortgage qualifications.
Tax-Free First Home Savings Account
Libro is proud to offer this new account to help Canadians save for their first home with the help of tax breaks unlike any other product before. Use this combined approach to saving, like a TFSA + an RRSP, with the added benefit of a Coach in your corner.
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!
More reasons to get a mortgage with us
When you bank local, you support local
In 2022, Libro reinvested $1.35 million back into our community.
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.
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 Corp certification aligns with our business model and Prosperity Purpose, helps us to be transparent and allows Libro to help bring awareness to the global movement of businesses working to solve social and environmental challenges.
As a Libro Owner, you’re part of a larger purpose of helping to grow prosperity right here in southwestern Ontario. We deliver on that Purpose by helping people in the region be financially resilient, adequately, safely, and affordably housed, meaningfully employed and food secure. We use our entire operation, resources, and influence to be a positive force in society.
One of the ways we support people in our communities is by funding initiatives aligned with our pillars and supporting students through scholarships. Every year we invest over 1.3 million dollars into our communities through grants, sponsorships, donations, student awards, and our strategic partnerships.
Business For Good
Libro is proud to be a certified B Corporation®, we’re counted among businesses that are leading a global movement for an inclusive, equitable, and regenerative economy.
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.