First-time home buyers tax break & RRSP withdrawl
Couple changes for first-time home buyers. They can withdraw more from their RRSPs and also receive a tax break against closing expenses
There are new rules for 2009 making it easier for people to purchase a home when buying for the first time. Previously buyers could withdraw 20 thousand from their RRSPs, now the allowable amount has increased to 25 thousand. Also, buyers will receive a tax break on some of their costs associated with buying. A couple examples would be a home inspection and lawyer fees. Due to the slowing market in 2008 the government has made it easier for people to own their own home. Since the beginning of 2009 Jacob & Jacky have been extremely busy helping clients get into the market for the first time.
What to expect when buying real estate
Realtor explains how he will help you purchase real estate.
Realtor takes you from the beginning to end of the buying process. Hear how he will update you with the current MLS properties and filter what you receive by email. Working with our team will give you access to MLS listings before they’re displayed on Realtor.ca. At what point do you need to talk with a mortgage broker and what are the benefits of doing so? Why is it a good idea to use a Realtor when buying? We will help you find a quality home within your budget and matching your criteria.
Why rent when buying is more affordable?
Realtor takes a look at rental rates and compares them to the cost of owning your own home.
Vancouver home prices took a dramatic drop at the end of last year and this has made owning your own home more affordable. Interest rates are also at an unprecedented low. Mike looks at renting a 1 bedroom condo in the Kitsilano area of Vancouver by searching Craigs List online. He then compares the costs of owning your own apartment to the cost of renting a similar flat. Mike explains why he feels it’s a good time to buy your own home to live.
