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If you are in the market for the first time, you know that buying a house is a big and important life decision. At CAKE REALTY our agents pay extras special attention to the needs of first time buyers. Check out the Buyer Guide where you can find detailed information on costs you may not be aware of and important things to do when your are closing a deal. As someone who represents you, a CAKE REALTY agent is looking out for your best interest and will make sure that not one step is forgotten.
One thing really cool about being a first time is buyer is that you may have access to certain government incentive programs.
For example, First-Time Home Buyer’s Credit (FTHBC), is a government program geared towards buyers like you. The objective is to reduce costs associated with purchasing a home. As a first time buyer, you are eligible for a 15% income tax credit on a maximum of $5,000 of home purchase costs such as legal fees and land transfer taxes. It can be claimed for the taxation year that you acquired the house.
You are considered to be a first time buyer if neither you and your spouse or common-law partner has owned and lived in another home in the year of the purchase or in any of the four previous years.
Contact your CAKE REALTY agent direct at (905) 939-9321 for up to date information on other incentive programs that may be available for you.
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