Thinking of buying your first home now that rates have gone down? The federal budget introduced earlier this year contains new incentives to help first-time homebuyers.
- Closing costs can be a sizeable expense when buying a property, and the budget also provides up to $750 in tax relief to help with the purchase of a first home
- Under the popular Home Buyers’ Plan, first-time buyers will be able to access up to $25,000 (or $50,000 per couple) from their Registered Retirement Savings Plan for a down payment to purchase or build a qualifying home – that’s a $5,000 increase.
Call your Southern Alberta and Calgary Mortgage Specialist to discuss what these incentives mean for you. Reach your MBN Mortgage Specialist at 1.866.955.9662.
MBN Mortgage // Mortgage Intelligence
