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The new budget is encouraging first time home buyers to buy.First time buyers can be eligible for money back on closing costs. A credit of up to $750 to cover closing costs, such as legal fees, title insurance and deed transfer taxes. This credit covers 15 per cent of eligible closing costs, up to a maximum of $5,000. As well, the amount first-time buyers can withdraw from their RRSPs for a down payment has been increased from $20,000 to $25,000, the first ...
Posted by Tara Devereaux
on February 4, 2009
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The new budjet is encouraging first time home buyers to buy.First time buyers can be eligible for money back on closing costs. A credit of up to $750 to cover closing costs, such as legal fees, title insurance and deed transfer taxes. This credit covers 15 per cent of eligible closing costs, up to a maximum of $5,000. As well, the amount first-time buyers can withdraw from their RRSPs for a down payment has been increased from $20,000 to $25,000, the first ...
Posted by Tara Devereaux
on February 4, 2009
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Real Estate, budgets and drop in prime, what does that mean to you?I’ll tell you, it’s a good thing. A rate drop means that borrowing money to buy a house or that line of credit is cheaper. Those home equity lines of credit with variable rates are looking pretty darn good these days. Now this budget delivered today would have us getting credits and reductions. Putting more money into our pockets to buy the things we need. This combined with some of ...
Posted by Patrick Galesloot
on January 27, 2009
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