$7500 Tax Credit
Some of you may not be aware of this incentive the federal government just introduced. Anyone buying their 1st home between 4/9/2008 and 7/1/2009 home who is below the limits (which vary depending on marital status) can claim up to a $7500 tax refund.
The catch is - this is not a gift, it must be paid back but that payback is interest-free over 15 years so it's still a great deal.