If you have any questions regarding Toronto Real Estate, buying or selling a home or would like more information regarding a listing...just call us at 416.358.5867

Lisa Reilly and Lisa Hipgrave - the two lisas ________________________________________________________________________________

Take advantage of the best mortgage rates in the market.

The Sutton Member Program rewards clients of Sutton realtors with ultra-low interest rates on the financing of their primary residence.

 

Want to learn more...call Lisa Reilly at 416-358-5867.

Federal Budget Advantages for Home Owners and Home Buyers 

Home, Sweet Home

The federal budget offers several measures of interest to people who plan to renovate or buy a home. Here's how they could theoretically work in unison for a first-time buyer:

Step 1: Claim the First-Time Home Buyers' Tax Credit
Details: Offers tax relief of up to $750 to first-time buyers to help defray closing costs on their purchase.

Step 2: Take advantage of changes to the federal Home Buyers' Program
Details: You can take up to $25,000 out of your RRSP to buy a first home and pay no taxes, up from $20,000

Step 3: Renovate your new home with help from the temporary new Home Renovation Tax Credit
Details: Claim up to $1,350 in tax relief for upgrades to your home done before Feb. 1, 2010; available to everyone, not just first-time buyers; applies to renos costing $1,000 to $10,000

For a list of the eligible products, services and expenses for the HRTC program, click here.

On Jan. 1, the government, through Natural Resources Canada, began handing out grants to homeowners who, as well as implementing other retrofits, bump up their homes' insulation.

Read on.