Buying Your First Home? The Canadian Government Can Help
Buying Your First Home? The Canadian Government Can Help
The Canadian Government offers financial assistance for first time home buyers, making purchasing a home an intriguing idea.
Thanks to the Canadian Economic Action Plan, First-time home buyers are getting a bit of a break when it comes to owning their own household. First-time home buyers can apply for a tax credit which can provide them with up to 0 in tax relief. The Canadian Economic Action Plan is trying to support home construction in Canada. With this tax credit incentive many home buyers are taking the advantage to save.
Zel Knezevic, a real estate professional believes that home buyers should grab this offer while they can. “Homes in Mississauga, Oakville, Burlington and the surrounding GTA can be expensive. This tax credit helps make the home buying process a little less scary, and more exciting,” says Knezevic. Zel also feels that with the economy starting to stabilize, there’s no better time to buy or sell your home. The tax break will be a great way for the housing and real estate industry to strengthen. It can stimulate the demand for labourers, materials, natural resources and more. Since first-time home buyers make up the majority of real estate buyers – it’s a great incentive for not only them but for others as well. This tax break can benefit individuals in the workforce, production levels, real estate professionals, and other industries as well.
“The real estate industry is starting to gain momentum again. With the help of a real estate professional you can get the most value on either side of the coin,” says Knezevic. Canadians can now feel more relaxed and confident in purchasing their first home. With the right help and knowledge, first-time home buyers can feel secure about their big investment throughout the entire process.
Zel Knezevic is a real estate agent with Sutton Group Summit Realty. For more information on buying Mississauga homes, Burlington homes, Oakville homes or Toronto homes - contact Zel Knezevic at Zel@East2WestHomes.com or call 905.897.9555.
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