New Law to Curb Home Sales
Come April 19, new laws will kick in designed by the conservatives to cool down the housing market. This is one good move by the feds. Record low interest rates made it easy for many to purchase rather than rent. Indeed this has been a factor for a consistent multiple-offer situations. Here is what this new law dictates: Buyers must qualify for a fixed 5 year rate, they can opt for a variable...
Read MoreGovernment programs for Home Owners
If you own a home or are planning to buy one soon, here are some programs available to you as a resident of Canada. This is an incentive from Canada Revenue Agency that makes home ownership a bit easier. Home Buyers Plan Withdraw up to $20,000 from your RRSP to buy a qualifying home under this program. Tax Credit for First Time Home Buyers Claim a non-refundable tax credit of up to $750 on your...
Read MoreFrequently Asked Questions By Home Sellers
Time and again I meet seller’s who have questions which are pretty much common concerns. Here is a brief compilation of frequently asked questions by Sellers: Does time on the market affect selling price? Absolutely! There is a direct correlation between time on market and final selling price. The longer a home is on the market the greater decline in perceived value by the buyer. How do I...
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