First Time Home Buyer Incentive
Friday Oct 04th, 2019
Being a first time home buyer can be pretty intimidating. Considering financial obligations you may already have, purchasing your first home can add some substantial stress to your existing financial burdens. The good news is, there is good news! The Government of Canada has implemented a First Time Home Buyer Incentive to help making purchasing your first home a reality sooner than you had anticipated. This incentive provides 5% or 10% for a newly constructed home. Also, 5% for the purchase of a resale home or new/resale mobile/manufactured home. First time home buyers with a qualified annual income of no more than $120,000.00 are eligible. The insured mortgage and incentive amount cannot exceed four times the buyer’s qualified annual income. If you’re scrolling through listings near the North End of Toronto in the established Humber Summit Community or are looking to purchase near the shores of Lake Simcoe in Simcoe Landing in Keswick, know that the keys to your first home are available sooner than you think, without additional financial strain. Leave it to the Real Estate Matchmakers to help you make that Real Estate Dream into Reality.
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