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The Home Inspection

I will REIMBURSE the cost of your home inspection upon the successful completion of your purchase or sale.

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Staging & Photography

COMPLIMENTARY visit and consult from Home Stager and use of a PROFESSIONAL photographer.

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Peace of Mind

Whether you are buying or selling your home, you will receive a complimentary warranty package to protect...

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Use government savings plans to your advantage

Owning your own home has a lot of payoffs, especially these days when mortgage rates are still among the lowest in 30 years. There are also many housing options available in a wide range of prices. Simply put, you can carry a home of your own for no more than what you would pay in rent. And, unlike renting, your payments go toward increasing the equity in your home. So, what’s stopping you? For most people who have never owned a home before, it’s the initial down payment and the ability to keep up with the monthly financial obligations (mortgage payment, insurance, utilities, maintenance). One of the best ways of saving for a down payment is to take advantage of government programs available to first-time home buyers. A real estate professional can help you understand how these programs work and ensure that you get the maximum benefit possible.

 

 

RRSP Home Buyers’ Plan

Contribute to a Registered Retirement Savings Plan (RRSP) regularly and to the maximum allowed. The federal government’s RRSP Home Buyers’ Plan enables eligible taxpayers to withdraw up to $25,000 tax free from their plan to buy or build a qualifying home. The amount of money withdrawn must be repaid within 15 years. If you buy the qualifying home together with your spouse or other individuals, each person can withdraw up to $25,000 tax free. A government form must be completed for each withdrawal. Generally, an RRSP holder can participate in the Home Buyers’ Plan only once in a lifetime. The Guide, Home Buyers’ Plan (HBP) – RC4135  available from Revenue Canada and will help you determine if you are considered a first-time home buyer.

 

 

CMHC five per cent down

While Canada Mortgage and Housing Corporation’s (CMHC) five per cent down option program doesn’t help you save for the down payment, it sure eases the way to home ownership. With as little as five per cent down, all home owners now have access to CMHC mortgage insurance. This means CMHC may insure the mortgage on your home (against default in payments) for up to 95 per cent of the lending value of the home. This helps make home ownership a reality for many Canadians who can afford monthly mortgage payments but would have trouble saving for a larger down payment. Previously available only to first-time home buyers, the program was expanded earlier this year to include all home buyers. Eligible borrowers include anyone who buys a home in Canada and occupies it as a principle residence.