First-time home buyers can now get $4,000 off their new home purchase

First-time home buyers can now get $4,000 off their new home purchase

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | © All rights reserved

ontario land transfer tax rebateFirst-time home buyers can now get $4,000 off their new home purchase

New Ontario LTT Rebate

As of January 1st, 2017, the Ontario government has increased the land transfer tax rebate for first-time home buyers from $2,000 to $4,000. Effectively, this means that a first-time home buyer will NOT have to pay a provincial tax on homes sold for $368,000 or less.

REALTORS® throughout Ontario lobbied hard for the improved rebate and we are proud to say WE DID IT!

www.FirstHomeRebate.ca

A new website has been created to promote this new rebate, which includes an informative video and calculator that can help you figure out how much tax relief you can claim on your first home.

The site is equipped with many great tools and information to help you get ready to get into the market as a first time buyer.

 


Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team.

You can find him on LinkedIn, Twitter, YouTube and Google+.

Since 2002, Ilan has provided more than 1650 buyers and sellers valued advice and service, enabling them to reach their real estate goals.

He’s kind of like the Bruce Willis of real estate.