First-time Buyer Rebate
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!