By: Jean Boynton

Good News for First Time Home Buyers!

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First-time home buyers are now eligible to get $4,000 off the Canadian dream and we need your help to help spread the word. 

New Ontario LTT Rebate 

Effective January 1st, 2017, Ontario has doubled the land transfer tax rebate for first-time home buyers from $2,000 to $4,000. That means that a first-time home buyer will pay NO provincial tax on homes sold for $368,000 or less. 

Ontario REALTORS® lobbied hard for the improved rebate and we’re very proud to promote it to first-time buyers. 

www.FirstHomeRebate.ca 

To help promote this new rebate we’ve created a website www.FirstHomeRebate.ca with an informative video and calculator that can help your clients figure out how much tax relief they can claim on their first home. 

We’ve also equipped the site with tools and information you can share with prospective buyers to encourage them to get into the market. 

REALTORS® and the Canadian Dream 

As REALTORS®, we know home ownership is part of the Canadian Dream. It’s a source of financial security, drives economic activity and binds communities together. The benefits of home ownership are why OREA fights so hard to protect it and make it more affordable for young families.