Monday, 17 October 2011

Kitten. :)
kitten by:  netzanette   Licensed under  Creative Commons

MLS now available on IPhone and Blackberry

For those who have wondered why we could not check MLS listings on our Blackberries and IPhones - good news!  New apps are now available that will help you do just that.  Find product features and set up guides

Property Purchase Tax

Some people don't realize, but first time home buyers may be able to qualify for a break in the Property Purchase Tax when purchasing their first home.  In order to qualify for this break, the home must be the first ever purchased, and it must be their primary residence.  Your lawyer should be able to ensure you qualify for this. More info

This can amount to substantial savings.  Property Purchase Tax if calculated at 1% if the first $200,000. and 2% on the remainder. Purchasing your first home can seem daunting. Canada Mortgage and Housing Corporation (CMHC) provides information for new home buyers. More information.
For those buyers who are purchasing a home with less than 25% downpayment, mortgage insurance is required by most lenders.  CMHC provides coverage for this - read more.

For more information, and for help finding the perfect home, contact Lou Cruz