GOOD NEWS for First Time Homebuyers! Ontario Doubles It’s Land Transfer Tax Refund

If you are planning on buying your first home in the near future, you will be happy to hear that yesterday, the Ontario government announced they will be doubling their land transfer tax refund for first time homebuyers from $2,000 to $4,000. Now I know this isn’t a ‘make-it-or-break-it’ deal for most of you, but it is a welcomed change! The other announcement, was an increase in land transfer taxes for properties sold over $2M. Both these changes will come into effect on January 1st, 2017. Read on as we explore together. Continue reading “GOOD NEWS for First Time Homebuyers! Ontario Doubles It’s Land Transfer Tax Refund”