Buying your first home in Ontario can be challenging, especially with bad credit. Understanding your credit score is crucial, as it affects mortgage eligibility. First-time buyers can benefit from programs like the Land Transfer Tax Rebate and the RRSP Home Buyers' Plan. Increasing your down payment can improve your chances with lenders. Alternative lending options exist for those with poor credit, but research is essential. Improving your credit score and getting pre-approved for a mortgage can also help. It's important to stay within your financial limits to achieve homeownership.