Absolutely stunning setting in one of the most sought after areas in Mississauga, East Mineola.
If you would like to see this home call now for a viewing. Lea Jensen 905-822-5000 .
$ 849,000 MLS Listing W1418888
This lovely bungalow has a magnificent treed lot with lovely, serene setting.
This would be ideal spot to build your dream home in Mississauga.
Survey Available. Note Lot Size 100” X 257”. Close To All Amenities And Lake.
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Are You a First time home buyer in Ontario?
Are you living in Toronto and buying your first home?
Savings For First Time Home Buyers in Toronto and Ontario
First time home buyers- There are HUGE savings through government programs and rebates available to you.
Depending on where you live there is Toronto Land Transfer Tax rebate for first time home buyers and an upfront rebate for Provincial Land Transfer Tax. it can be confusing but may save you thousands of dollars- if you have any questions and you are looking to buy your first home in the Toronto, Oakville, Mississauga area- I can help .
Give me a call: Lea Jensen 905-891-8089 or email for more information.
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2nd TORONTO LAND TRANSFER TAX (Municipal – This applies to the City of Toronto only)
The new laws can be confusing- if you have any question, please give me a call at 905-891-8089.
The City of Toronto has indicated that it has been able to make arrangements that will allow purchasers who are eligible for a FULL rebate of the Toronto Land Transfer Tax (TLTT) to close their transactions without paying the TLTT upfront (and then receiving a rebate at a later date). The City previously indicated that these arrangements would not be made until the “spring of 2008”, but has now indicated that changes will be made by February 1, 2008, when the Toronto land transfer tax takes effect.
Toronto land transfer tax is not payable on transactions closing before the tax takes effect on February 1, 2008. For transactions closing after the Toronto land transfer tax takes effect on February 1, 2008, the City of Toronto allows for certain rebates, as described below.
Details on City of Toronto Land Transfer Tax Full Rebate
According to the City, purchasers who are eligible for a FULL rebate of the Toronto land transfer tax will not have to pay the tax (meaning that they do not have to pay the tax upfront and be rebated later). This includes the following:
Purchasers who have entered into an Agreement of Purchase and Sale for a property on or before December 31, 2007; and
First-time home buyers where the total Toronto land transfer tax is $3,725 or less ($3,725 is the amount of TLTT payable on a home purchased for $400,000). First-time home buyers with Toronto land transfer tax payable above the maximum rebate amount of $3,725 (those purchasing homes above $400,000) will be required to pay the total Toronto land transfer tax, and then receive the maximum rebate of $3,725 at a later date from the City. Once all changes have been made to Teranet’s collection system, in the spring of 2008, these buyers will only have to pay the balance of the Toronto land transfer tax above $3,725.
More Information
Further information is available by calling:
City of Toronto
416-338-0338.
Looking at Etobicoke real estate?? Give me a call at 905-891-8089. I can help.
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As of January 2008 changes to CMHC rules now allow mortgage companies to finance a property 100%. Buyers who are buying a property with the intention of renting can get the 100& financing now. The property can be for one -two to qualify for up to 100& finaincing.1-2 units.
For property with three- four units up to 95& financing allowed .
If you are looking to buy a rental property in the Mississauga/Burlington, Oakville are- give me a call!
Lea Jensen : 905-891-8089
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Want to know where to find the best mortgage rates? The Toronto Star posts Mortage Rates from over 30 financial Institutions in Canada. You would be amazed at the difference in rates available.
For even better rates- use a mortgage broker. I will be happy to recommend a mortgage broker, just contact me for more info.
Canadian Mortgage Rates
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Canadian Institute of Mortgage Lenders and Brokers offers some tools to help you decide how much you can afford for a new home and how much your mortgage on a new home would be.
- Rent vs. Buy Calculator
Determine which is more economical, renting or buying, based
on your payments and accommodation schedule.
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