First Time Buyers Using the Home Buyers Plan

First Time Buyers Using the Home Buyers Plan

The Home Buyers‘ Plan (HBP) is a way to borrow from your RRSP in order to use them as part of a down payment for your first home. With the federal government’s Home Buyers’ Plan, you can use up to $25,000 of your RRSP savings ($50,000 for a couple) to help finance your down payment on a home. The best part is the withdrawal

Your backyard could become extra income…

Your backyard could become extra income…

Great news for real estate investors! A coach house (separated second house) is now permitted in any lot in Ottawa also containing a detached or semi-detached house, linked detached, townhouse or duplex dwelling, under certain rules. For example, the coach house has to be built in the backyard of the principal home and must be smaller than the primary home. The

GREAT NEWS. TAX BREAK FOR FIRST TIME HOME BUYERS!

GREAT NEWS. TAX BREAK FOR FIRST TIME HOME BUYERS!

This tax break will help make home ownership more affordable by providing some relief to those Ontarians that need it most – young families. This news came today as part of Ontario’s Fall Economic Statement. In the statement, Minister Charles Sousa committed to increasing the land transfer tax (LTT) rebate for first-time buyers from $2,000 to $4,000. The increase was

What to do when you’re a first time home buyer

What to do when you’re a first time home buyer

If you are shopping for a home, we have lots of tips and advice to give you but our first suggestion would be that you get pre-approved for a mortgage before looking for real estate properties. Why? because you may think that your finances are great but many people have surprises when their banks look at their credit and income. Also, once the

WANTED! 3 bedroom townhouse in Kanata Lakes!

WANTED! 3 bedroom townhouse in Kanata Lakes!

We are looking for a 3 bedroom townhouse in Kanata Lakes for a SERIOUS buyer. Must have features: 3 bedrooms plus Finished basement Built recently Fenced backyard with patio or deck Hardwood floors Granite counter in Kitchen Stainless steel appliances If you have a townhouse like this, please contact us. WE HAVE A SERIOUS BUYER.

New down payment rules beginning Feb 2016

New down payment rules beginning Feb 2016

The federal government is implementing new mortgage rules that will require some homebuyers to have a bigger down payment when buying a home. Home buyers in Ottawa purchasing properties $500,000 and over will have to make a minimum down payment of 5 per cent on the first $500,000, and 10 per cent of the dollar value above that beginning February of

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