Possibly the Best Time Ever for First Time Home Buyers

First Time Home Buyers in Toronto and across Canada are purchasing their dream homes and taking advantage of today's low interest rates and lower housing prices, and the pace is picking up. The spring market is here and we are definitely in a buyers market.

Some of my clients have lost out on multiple offer situations and others have gone back to make an offer, only for the property to already have been sold. Needless to say, if you have been waiting to make an offer due to lower rates, or further declines in the housing costs, you really don't need to wait any longer. It's time to get out there with your Realtor, find your dream home and snap it up before someone else does.

I have talked about the many incentives for First Time Home Buyers including:

1) Increase to $25,000 withdrawal amount from your RRSPs under the Home Buyers Plan (HBP)
2) $750 tax credit to closing costs for any purchase in 2009
3) Provincial Land Transfer Tax Rebate
4) Toronto Land Transfer Tax Rebate

For more details on any of these incentives, please call email me.

You are also invited to attend my FREE Mortgage Seminar on May 25th, 2009. It will be held at the Rexall Health Centre in Richmond Hill. I will be covering many topics, including Mortgage Basics, Market Conditions, First Time Home Buyer Tips, Assembling your Team of Experts and more. To register, please call Greg at 416 807 7123 or email me.

Have a great day and Happy House Hunting!