Big news for first time home buyers!
First-time home buyers are now eligible to get $4,000 off the Canadian dream and we need your help to help spread the word.
New Ontario LTT Rebate
Effective January 1st, 2017, Ontario has doubled the land transfer tax rebate for first-time home buyers from $2,000 to $4,000. That means that a first-time home buyer will pay no provincial tax on homes sold for $368,000 or less.
Ontario REALTORS® lobbied hard for the improved rebate and we’re very proud to promote it to first-time buyers.
To help promote this new rebate the Ontario Real Estate Association (OREA) has created a website www.FirstHomeRebate.ca with an informative video and calculator that can help your clients figure out how much tax relief they can claim on their first home.
OREA has also equipped the site with tools and information you can share with prospective buyers to encourage them to get into the market.
So if you are a first time home buyer, check out the website. Then email me to get started with your Kingston House Hunting! I’ve work with many first time buyers – they are actually one of my favourite buyers to work with for many reasons. But one thing is for sure, I love the energy and excitement of my first time buyers. Let’s find you a home together in 2017!