Still Renting? Choose Homeownership

Homeownership

Finally the freedom to design your own space
Investment in your future
Cheaper than renting long-term
Build your home equity with a long-term investment
Certainly no more headaches from moving every year or two
Increase your credit score over time as a result
Pet ownership restrictions are a thing of the past
Private yard and even more storage

Renting

Work with the layout and design that you’re given
You never see that rent payment again
Short-term living situation
Smaller living area that probably suits singles or couples
Higher cost for greater mobility
Can prevent you from reaching your financial goals
Lifestyle limits, from pet ownership to spatial limitations
Less privacy

First-Time Homebuyer—Taxes

BC Property Transfer Tax

When you purchase or gain an interest in property that is registered at the Land Title Office, you’re responsible for paying property transfer tax.

ON Land Transfer Tax

When you acquire land or a beneficial interest in land, you pay land transfer tax to the province when the transaction closes.

First-Time Homebuyer—Tax Exemptions/Credits

BC Property Transfer Tax Exemption

Check your eligibility for this exemption today!

Florida Tax Credit For First-Time Homebuyers

Check your eligibility for this credit today!

Newly-Built Home Exemption

Check your eligibility for this exemption today!

Ontario Land Transfer Tax Exemption

Check your eligibility for this exemption today!

First-Time Homebuyer—Ready or Not?

Arе You Rеаdу to Buy Your Fіrѕt Home?

Fоr years, уоu’vе been drеаmіng about becoming a homebuyer.

Why Gеt Pre-Approved fоr a Mоrtgаgе?

Yоu’vе been ѕеаrсhing online fоr just the right home.

What If I Don’t Get Pre-Approved for a Mortgage?

Yоu finally fоund іt, thе home of уоur dreams.

6 Mortgage Mistakes To Avoid

Making the wrong decision can lead to spending too much.

More On First-Time Homebuyers