• 566 Bryne Dr, Barrie ON L4N 9P6

First time home buyers
First time home buyers
Jackie Jones Difference
Buy or rent?

Real Estate is constantly changing and in today’s market it is increasing challenging for 1 agent to do it all! But don’t worry, this is where we shine most.  With our unique team approach your every need will get the outmost attention! Our Buyer agents only work with buyers ensuring you get all the attention you need and then some.  Having a buyers agent that only focuses on finding homes they get you there first, they have time to hand pick the properties they show you and always available when you are.

Buy or rent?

Downpayments

In Canada, you must put down a minimum of 5$ as a dow payment on your home.  However, this only appies to homes with a purchase price lf less than $500,000.  It is important to note that if you’re buying a home costing between $500,000 and $1 million, the federal government recently increased how much you must place as a down payment.  With the new rules, you have to put down 5% for the first 500,000 but 10% on the amount between $500,000 and $1 million.

RRSP HOME BUYER'S PLAN

If you haven’t purchased a home within the last four years (or lived in a spouse’s home in the same time frame), you may qualify for the government’s Home Buyer’s Plan.  With this plan, you may borrow up to $25,000 tax free from your RRSP to fund your down payment.  Just keepp in mind that the money must be in your RRSP at least 90 days before the purchase of your house.  The first Time Home Buyer’s Plan is advantageous for Canadians because generally speaking, early withdrawals from RRSP are considered taxable income.  In this case, they’re exempt but you must start repaying the amount borrowed from the RRSP two years after you buy over a 15-year period.

Learn the basics

If you’ve never had a mortgage, the lingo can seem overwhelming. Learn the basics and come talk to one of our

Buyer’s Specialist

Learn the basics

If you’ve never had a mortgage, the lingo can seem overwhelming. Learn the basics and come talk to one of our

Buyer’s Specialist

Land transfer tax rebate

You can receive a rebate on some of the land transfer tax you pay if you live in British Columbia, Ontario, or Prince Edward Island. Homebuyers in the City of Toronto are also eligible to receive a rebate on the city’s land transfer tax, in addition to the provincial rebate

First-time home buyer's credit

This credit, introduced in the 2009 federal budget allows first-time buyers in Canada the opportunity to recover some of the costs associated with their purchase.  It helps offset legal fees, inspections, and other similar closing costs.  The First-time Home Buyer’s Tax Credit is a non-refundable credit and is valued at $750

We can help!

If home ownership is the goal and you could use some help along the way, sign up for our Home Buyers Program which offers:

Did You Know?

There are programs that will give you 5 to 10% down to buy your first home?

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