FIRST TIME BUYERS
IBoth the government of Canada and the Ontario government have established programs to assist first time home buyers. The two best known programs are the RRSP Home Buyer's Plan and the Land Transfer tax Rebate program.
Land Transfer Tax is reduced by up to $2,000 for first time homebuyers in Ontario. You can calculate your land transfer tax on our website. Note: there is a premium if you live in Toronto.
In addition to information about the programs to assist first time home buyers, we have also added a paragraph with tips. If you are buying a home, your real estate sales representative can help you find the right type of home at the right price, prepare your offer to purchase, and present your offer to the seller. In most cases, there is no direct cost to you for these services.
Effective January 27, 2009 the federal government set up a new program for first time home buyers that gives a $750 tax credit to help offset closing costs.
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HomeLife is a Canadian company with over 400 Real Estate Offices and 7500 Real Estate professionals to serve your needs.
These calculators are for information purposes only and should be used only as a guideline. We do not guarantee that they are accurate, use with caution.
HomeLife Results Realty Inc. Brokerage
838 Fennell Ave. East, Suite 301
Hamilton, ONT. __L8V 1V6
e-mail: jlchun@mail.com
phone:(905) 318-3800
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