First-time home buyers may save up to $2,000.00 First time home buyers who meet the following eligibility requirements may be funded up to $2,000 of their Land Transfer Tax payment. The purchaser must occupy the home as his or her principal residence no later than nine months after the date of the conveyance or disposition. … Continue Reading
The Home Buyer’s Plan is not new! But it does bear repeating. Did you know that you can withdraw up to $25,000 from your registered retirement plan? The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plan (RRSPs) to buy or build a qualifying home … Continue Reading
How long has it been on the market? This is a question many buyers ask. The thought behind it is often one of two things. Either there’s something wrong with the home or the price is too high. Both of these notions may need clarification. Let’s deal with the first thought. Home buyers need to … Continue Reading
Resale homes are not subject to HST There still seems to be some confusion out there about HST and buying a home. In simple terms, a resale home is HST exempt. A new home is HST taxable but most builders quote their price with the HST included and there are rebates available. Watch the video … Continue Reading