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The DOT / WAVE Dance = Master your NRGY = Master your DESTINY

LAND TAX SHOULD BE CHANGED IF ONLY TEMPORARY DU- ALL OF CURRENT LAND TAX SHOULD GO TOWARDS DOWNPAYMENT TO OFFSET BARRIERS TO INITIAL HIGH COSTS OF MORTGAGES – AND NO – BUILDERS CANNOT INCREASE PRICES DUE HELP POTENTIAL HOMEOWNERS ARE GETTING ON FIRST TIME PURCHASES

Ontario A first-time homebuyer purchasing in Ontario will be eligible for a maximum land transfer tax rebate of $4,000. If purchasing a new property for $1,000,000 the total land transfer tax charged by the Ontario government would be $12,475. With the $4,000 tax rebate, it would bring it down to $8,475. However, if you’re purchasing in the city of Toronto then you get nailed for the land transfer tax twice. $12,475 to the province and another $12,475 to the city for a total of $24,950. As a first-time homebuyer, you’ll also receive a rebate of up to $4,475 on the

Meredith , Paul . Beat the Bank : How to Win the Mortgage Game in Canada (p. 25). SeaLord Publishing . Kindle Edition.

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