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.
Should be an interesting day. First snow fall and worst in the Barrie area and guess what? Im in Barrie. I will post as new info pops up.
From: MoneySense ~ September 12th, 2016
Home buyers may feel the pinch as banks comply to stricter rules
Home buyers should expect tougher mortgage rules to kick in as early as November 1 of this year.
The Q2 2016 Royal LePage House Price Survey and Market Survey Forecast was released to media early this morning. Some highlights from the national release include:
