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Hi all, Will be buying my first home as a new build in Ottawa. It is scheduled to close middle of 2021, but signing will be this month and 10% will be down at that time, and the remainder at closing. I will be living in this home, and total downpayment will be about 30% total. Questions: 1. For the ...
Aug 8th, 2020 8:20 pm
Hi there, My partner and I are planning to purchase a house this year and I wanted to ask about the first time home buyer's credits/benefits. I have already purchased a home so don't qualify. We currently live together in the condo I own. Questions: - Is he eligible for the ...
Jan 28th, 2020 3:09 pm
Would a newcomer to Canada (Ontario) be considered a first time home buyer (for land transfer tax purposes and such) if they had owned a home in the country of origin before?
Jan 26th, 2020 5:12 pm
... land transfer tax rebates upon closing as I was not eligible for the rebates at that time. Now I meet the eligibility and want to apply for the first time home buyer land transfer tax rebates, but I have some questions about the application forms. I'm in the process of completing the Municipal ...
Jan 8th, 2020 8:08 pm
Hi RFD, newbie here, especially in the mortgage area. We're planning to get our first home near mid/end of this year. I'm working as a full-time contractor making around $100k+ yearly. recently my employer's business isn't doing too well and chances for them to end my contract this year is quite hig...
Jan 8th, 2020 4:21 am
Hi, A couple questions from a newly married couple- (not us!) Can someone purchase a house with a down payment and good credit history but just graduated from college? Son has worked full time before school and part time during school. He did a co-op in the summer and they have kept him on since and...
Jan 1st, 2020 3:18 pm
Hi RFD members, I was wondering about whether you'd have some suggestions on a reliable real estate agent in the area, as I am planning to buy a 1 bedroom condo in the outskirts of Toronto or in the neighbourhood (Etobicoke, North York, Scarborough, etc). I have no idea on how I should begin this pr...
Dec 26th, 2019 12:38 pm
RRSP First Time Home Buyer Advice My presale house currently has completion date for Jan 31st. Due to some issues I am planning to move it to Jan 26th. Now this is the current situation: 1. I have money in RRSP that will complete ...
Dec 13th, 2019 7:08 pm
My presale house currently has completion date for Jan 31st. Due to some issues I am planning to move it to Jan 26th. Now this is the current situation: 1. I have money in RRSP that will complete its 90 days on Jan 28th. 2. I do not need this money for completion date of Jan 26th as I have some mone...
Dec 13th, 2019 5:02 pm
... paying like 35% down payment 20% saved up and 15% if i can use this home equity to pay for another property. And i am buying that new built with a first time home buyer. And that will be our primary residence for both of us. Do you guys can give me some advice what should i do or how should i do ...
Nov 21st, 2019 11:11 pm
New First Time home buyer incentives Have you guys heard about it? While it says it's not "free money", however, by giving money to low income (under 120k household income) first time buyer repayqble after 25 years ...
Aug 31st, 2019 8:15 am
Hello All, I'm planning on becoming a first time home owner in the near future, and was wondering how best to approach the mortgage issue. I'm in the Vancouver area. I honestly don't know with all the rules in place now what amount of mortgage I'll even qualify for.. Should I start by going to a ban...
Aug 12th, 2019 12:21 am
Hello fellow RFDers, I am looking to purchase my first house and would appreciate any tips or advice. I am married with a toddler, and likely another baby soon to come. We are looking at homes in Ottawa's east end around the 500k-600k range. We have enough saved up for a 20% down payment mainly with...
Aug 7th, 2019 7:59 pm
Hi everyone! I am a potential first time home buyer (finally!) and am looking to buy a house. For my budget, it looks like I will only be able to buy a townhouse. I have selected a location I want to buy in, as most of my family, friends ...
Jul 31st, 2019 9:24 am
Hey folks , i am a first time home buyer and would like to know about home insurance . i am getting quotes of 1100$ per year with all perils covered. Liabilty upto 1 million, sewage and water flooding covered. do you guys think this ...
Jul 18th, 2019 10:14 pm
If a first time home buyer is buying a house together with a co-owner who is not a first time home buyer, how does the land transfer tax gets calculated? e.g. Son is a first time home buyer and is partnering up with his dad(who already owns a house), will they get any break in land transfer tax?
Jun 13th, 2019 12:09 pm
If a First time home buyer living in Alberta buys a condo(under half a million) for investment purpose in Toronto. The plan is to rent it out for now and potentially move to Toronto in future. 1) Does he qualify as a First time ...
Apr 30th, 2019 3:37 pm
Hello I'm considering a purchase of a condo and I'm a first time home buyer.If I use my RRSP under the FTHBP and the land transfer tax credit in Vaughan for FTHBs can I still rent it for a year? Thanks in advance
Apr 26th, 2019 11:50 am
Hi all, I have a question about the FTHB tax credit. My boyfriend and I purchased a home together last year and I was hoping he would be able to claim this tax credit. According to the CRA he qualifies if both of the following apply: you or your spouse or common-law partner acquired a qualifying hom...
Mar 6th, 2019 11:23 am
Hi all, We are looking to buy our first home sometime this year and currently going through the pre-approval along with my bro and parents (seniors). I don't have much knowledge about other available programs or funds (rrsp or something) that would help us out. So i have no idea what is usable other...
Feb 22nd, 2019 12:10 am