So, you’ve finally decided to take the plunge and buy your first home. Congratulations! This is a huge milestone in your life, and one that comes with a lot of responsibility. Don’t worry – we’re here to help guide you through the process with our first time home buyer’s guide.
The first time home buyers’ program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home.
The first time home buyers’ program is a great way to reduce the amount of money you have to pay in property transfer tax. This can save you a significant amount of money, especially if you are buying a home for the first time. The program is also a good way to help you get into the market, since it can make buying a home more affordable.
First-Time Home Buyer Incentive and links to tools and resources to help you prepare to buy your first home.
The First-Time Home Buyer Incentive helps make your dream of home ownership a reality by reducing your monthly mortgage payments and making it easier to finance your first home. With this incentive, the Government of Canada will pay 5% of the purchase price (to a maximum of $49,500) on your first home.
If you’re ready to buy your first home, we’ve got lots of tools and resources to help you prepare. Check out our Home Buyers’ Plan (HBP) to see if you’re eligible for a tax-free withdrawal from your Registered Retirement Savings Plan (RRSP). Then, use our Mortgage Calculator to help you determine how much you can afford to spend on your new home.
If you have any questions about the First-Time Home Buyer Incentive or the home buying process in general, feel free to contact us. We’re here to help you every step of the way.
The First-Time Home Buyer Incentive helps people across Vancouver Island purchase their first home.
The First-Time Home Buyer Incentive helps people across Vancouver Island purchase their first home. It’s a great way to get into the market, and with prices on the rise, it’s more important than ever to take advantage of this program.
The Incentive offers up to $37,500 towards the purchase of a home. To be eligible, you must:
– Be a first-time home buyer
– Have a household income of less than $150,000
– Have a down payment of at least 5% of the purchase price
For more information about this program, please visit the website.