Buying

house midtown

First Time Home Buyer Guide

First Time Home Buyers Guide  Step 1: Get Pre-Qualified for a MortgageWhen you pre-qualify for a mortgage, your lender will look at your:IncomeDebtsCredit historyDown paymentDon't be afraid to shop around for the best rates.The pre-approval should be in writing and will include a guaranteed interest rate, usually valid for 90 days.Pre-qualifying will ensure that you know how much...

first time home buyer rebate

First-time home buyers rebate

Are you a first time home buyer looking to take advantage of the governments 5% to 10% incentive program⁉️ New incentive can help first-time homebuyers in 19 parts of the country Homebuyers locked out of the real estate market are about to get a leg up starting September 2, thanks to a controversial federal program called the First-Time Home Buyer Incentive (FTHBI). Critics say it does nothing...

foreign investment

A Foreign National may qualify for a rebate : NRST Tax

In 2017, the Ontario Provincial Government implemented a Non-Resident Speculation Tax ("NRST"), for foreign home buyers. Currently, the tax rate is set at 15% on a purchase or acquisition of interest in residential property located in the Greater Golden Horseshoe Region . Under certain circumstances, Foreign Nationals may be eligible for a rebate on the NRST. Generally, NRST is payable by Foreign...

closing costs

Home Buyers: Be Prepared for Closing Costs

If you’re considering buying a property in Toronto, remember to brace yourself for the nerve-wracking  Closing Costs. With the right knowledge though, you will be able to budget for the estimated payment amount beforehand. So no need to panic. Listed below are the usual and most important closing costs: Closing Costs: Before Closing Deposit: Once your offer is accepted, you usually pay 5% of the...

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