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When purchasing a new home, it’s easy to focus only on the short-term financial requirements (down payment, closing costs, moving expenses), and overlook a long-term plan for home maintenance and upgrades.
It’s also easy to have tunnel vision about saving for that custom kitchen you’ve been dreaming of, and ignoring the really not-so-exciting hot water tank in need of replacement…until it bursts on a Sunday morning and floods your laundry room.
This stunning property in rural Caledon boasting 5,300 square feet of custom-built grandeur could be yours to call home! It has it all: high ceilings, gourmet kitchen with quartz counters, radiant heated porcelain floors, two wood-burning stoves, a huge master with double walk-in closets, and a large sunroom overlooking the grounds.
This beautiful 1+den loft-inspired suite has an open plan with 9-foot ceilings, granite counters, stainless appliances, and a custom centre island in the spacious kitchen. The oversized balcony has a gas BBQ hookup, and the unit comes with a storage locker as well as one owned parking spot!
It’s a big decision to make: whether or when it’s the right time to make that leap into the Toronto housing market. There are no shortage of expenses, ranging from the cost of moving, to the down payment, to that ugliest of bills: the land transfer taxes.
But there is a piece of good news, and that is an update to the land transfer tax rebate program for first-time home buyers. The potential rebate for Ontario homebuyers has just increased from a maximum of $2,000 to $4,000, in addition to the Toronto rebate of up to $3,725, depending on property value and other factors.
You can read more about this rebate program in this Toronto Star article here, or feel free to contact me with any questions!