This email says it all but good news for First Time Buyers and the Land Transfer Tax Refund Program recently expanded to include resale homes.
P.S.: Remember, a referral is sending someone you care about to someone you respect. Please don’t keep me a secret! Who is the next person you know looking to buy or sell real estate?
FROM OREA REALTOR EDGE JANUARY 2008
Ontario expands Land Transfer Tax Refund:
First time buyers of resale homes are now eligible for a refund from the provincial government of up to two thousand dollars of the land transfer tax paid. In December, Ontario announced that, effective December 13th, 2007, the existing land transfer tax refund program would be expanded to include first time buyers who purchase resale, as well as new homes. OREA has lobbied the government over the past five years to expand the rebate program to included resale homes as a good first step toward eventual abolition of the tax.