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Eden Mesganaw's blog
CMHC announced changes to its mortgage insurance underwriting and acceptance criteria.
Effective July 1, these changes will take effect for new applications for homeowner transactional and portfolio mortgage insurance:
1. The First-Time Home Buyer Tax Credit
The First-Time Home Buyer Tax Credit amount is valued at $750 for all first-time home buyers.
How do you get it, and what are the eligibility requirements?
First Time home buyer tax credit must be claimed on your personal tax return for the year affiliated with your home purchase.
Any qualification necessary aside from being a first-time home buyer?
Given the current COVID-19 crisis, we have implemented the following protocol in order to safeguard the health and safety of our clients and our community, while also ensuring that buyers are able to view and obtain the information they need to make an offer:
1) We urge all buyers to view the photographs/video tour of the property attached to this listing before booking a showing.
Buying or selling a house is a big undertaking under normal circumstances, let alone in the midst of a pandemic. With economic impacts and the uncertainty that accompanies day-to-day life, Canada’s federal, provincial and municipal governments and companies have implemented a number of COVID-19 relief measures to help soften the financial blow.
1. Will a renovation truly fix what you don’t like about your property?
If you’re tired of a small kitchen, for example, given the layout of your house, it might not be possible to make it any bigger. On the other hand, if you’re craving a spacious rec room with a cozy fireplace, then a renovation could make that happen.
Most people feel confident that they know the basics of home security. For example, they know to: keep all doors locked; have a light on in the house while away; and, never hide a key outside in an obvious place, like under the mat.
When you make or receive an offer to buy a property, it’s important that you read and understand every clause. It is especially important to understand any conditions or any changes that are made to the standard offer.
If you’re like most people, you go to see a doctor when you’re not feeling well or have a health concern. However, you may also visit your doctor for a check-up, or to ask questions about healthy living.
In fact, consulting your doctor for anything health-related is a smart idea.