(NC)—With spring home buying season in full bloom, Chris Wisniewski, Group Product Manager, Real Estate Secured Lending, TD Canada Trust, offers this list of things Canadians, especially first time buyers, should consider when purchasing a home.
“The Big Things”
• Consider a larger down payment – a 10% or greater down payment will make a big difference to ...
Posted by Carol Ireland
on March 30, 2010
OTTAWA — New federal measures meant to cool the red-hot housing market will make it more difficult for homebuyers to qualify for government-backed mortgages, Finance Minister Jim Flaherty acknowledged this morning.
Some buyers will have to settle for less expensive houses or a bigger mortgage as a result of the rule changes brought in by the Conservatives. To give the financial industry time ...
Posted by Carol Ireland
on February 16, 2010
Tax Brackets, Credits Higher
The taxable income thresholds in all four federal tax brackets were increased by 2.5 per cent in 2009 to mirror changes in the consumer-price index (CPI). All indexed non-refundable tax credits also increased by 2.5 per cent in 2009 in order to reflect the CPI adjustment.
Increases in the thresholds for the lower and middle-income tax brackets will positively affect ...
Posted by Carol Ireland
on December 29, 2009
(NC)—There's nothing quite like owning your own home – getting to know your neighbours, decorating your home and creating a place that you can call your own. But owning a home is not quite as simple as finding the right home in the right neighbourhood; your financial situation can be an important factor in the type of home you can afford. For example, you will need to determine how much ...
Posted by Carol Ireland
on October 29, 2009
Maybe you're buying a home for the first time. Or maybe you're selling your old home to move up to something new. Whatever the reason, the buying and selling of a home is a big event. It's an intricate process involving many specialists. One of these specialists is a REALTOR®, whose job it is to make the transfer of property as easy as possible.
But not ...
Posted by Carol Ireland
on October 15, 2009
OTTAWA – October 15th, 2009 – National resale housing activity climbed to the highest level of any third quarter on record.
Actual (not seasonally adjusted) home sales via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards totalled 135,182 units in the third quarter of 2009, according to statistics released by The Canadian Real Estate Association (CREA). ...
Posted by Carol Ireland
on October 15, 2009
Canada-Ontario Affordable Housing Program's Homeownership Program
The purpose of the Homeownership Component of the Canada-Ontario Affordable Housing Program (AHP) is to provide down payment assistance in the form of a forgivable loan to eligible individuals and families for the purchase of a home. All homes purchased must be new homes or conversions from non-residential use that have not previously ...
Posted by Carol Ireland
on September 1, 2009
Canada-Ontario Affordable Housing Program's Homeownership Program
Recently, the Ministry of Municipal Affairs and Housing announced a new wave of funding for the Canada-Ontario Affordable Homeownership Program.
Program guidelines and application forms are coming soon....so please continue to check my website for further updates.
Posted by Carol Ireland
on August 20, 2009
We understand this program to assist first time home buyers with a grant for their down payment, is coming back this month or the next. Details to follow. It is our understanding the same eligibility requirements will continue. We estimate the qualifications as noted below:
* household income less than $62,800
* assets can not exceed $20,00
* be a first time home buyer ...
Posted by Carol Ireland
on August 17, 2009
Do you Know Someone who is throwing money away on Rent, because they can't afford a Down Payment?
Contact Carol Ireland at 1-888-429-2121 for the full details.
Here are just a few of the facts:
HOME OWNERSHIP PROGRAM FACT SHEET
The Federal and Provincial governments have provided the County of Simcoe with $1.2 million funding to provide down payment assistance to a minimum of 138 ...
Posted by Carol Ireland
on March 28, 2009