1. How much can I afford?+
Your gross household income, down payment, and mortgage interest rate determine affordability. We'll guide you to find the right balance for your budget and needs.
2. Will I pay real estate commission as a buyer?+
No, you will not pay anything to us.
3. How do I locate the best schools before buying a property?+
Explore Mississauga and Toronto school boards, EQAO results, Fraser Institute's school report cards, and resources from the Ontario Ministry of Education.
4. Are there any government incentives for first-time buyers in Ontario?+
Yes, there are multiple incentives including the First Home Savings Account, RRSP Home buyers plan, Ontario Land transfer tax rebate, HST rebate, and the First-time buyer tax credit.
5. What are the latest first-time home buyer incentives?+
The First Home Savings Account (FHSA) allows tax-free savings with an $8,000 annual contribution limit and a $40,000 lifetime limit.
6. What is the RRSP Home Buyer's Plan (HBP)?+
The HBP allows first-time buyers to borrow up to $35,000 from their RRSPs tax-free for a down payment.
7. Is there any HST home buying rebate?+
Resale homes in Ontario are exempted from HST. Visit the Canada Revenue Agency website for more details.
8. Do first-time buyers pay land transfer tax?+
First-time homebuyers in Ontario are eligible for a rebate on the provincial land transfer tax, up to $4,000.
9. What is a First-Time Buyer Tax Credit?+
First-time home buyers can claim a non-refundable tax credit of up to $750.
10. Have questions?+
Let's connect, and we'll be happy to answer them for you!
11. Whether you're a first-time home buyer, looking to sell, or simply curious about the real estate, we're here to help. +
Contact us today for expert advice and guidance tailored to your needs.
