Incentives  for

 FIRST –TIME BUYERS

First-time home buyers - - defined as not having owned a home in the 4 prior years.

$5,000 Savings on Your Purchase

Or I Will Pay You $1000  GUARANTEED!        

SAVE  Five Thousand Dollars when you use my services to purchase your home …See details

• $5,000 federal tax credit on the purchase of a home

This is a “First-Time Buyer’s Credit” of $5,000 saving $750 at the 15% federal rate on the purchase of a home . Only one credit may be claimed per spousal couple.

• Withdraw of up to $25,000  under the Home Buyers Plan

The Home Buyers Plan (HBP) maximum RRSP tax-free withdrawal for first-time buyers has increased from $20,000 to $25,000 or $50,000 cash for a couple. HBP withdrawals are interest-free loans from your RRSP repaid over 15 years starting 2 years after withdrawing.

• $2,000 refund on Ontario Land Transfer Tax

$2,000 rebate of Ontario Land Transfer Tax on the purchase of both new homes and resale homes.

A  $3,725 exemption on the new Toronto Land Transfer Tax started on February 1, 2008. First-time buyers will pay only 2% on the purchases over $400,000.

Mortgage rates are now at their lowest levels in recent years…   ($250,000 loan 4.34% , 5yrs 30yrs amort. ) paying $1237.37 /mth  P & I.. pay even less with a variable mortgage (1.75%)

Renters..Renters..Renters…

Take advantage of recently announced Government incentives + lowest mortgage rates in recent years. 

Get a $250,000 mortgage NOW !!  for less than $1250 /mth. Get quick approval here or call  Sheila