First Time Buyers
Buying a house for the first time is a huge decision, and a very important one. Within our local market, Real Estate over the long term is a very safe investment, and although it’s a big step, wouldn’t you rather pay down your own mortgage, than rent and contribute towards your Landlord’s wealth? After all, everyone needs a place that they can call home, and here are a few ways that the Government is trying to help!
To take advantage of any of these four opportunities, you must meet certain requirements. You are not a first-time home buyer if you (or you and your spouse) have owned a home which you have occupied as your principal place of residence in the past 5 years. If a spouse is involved, the spouse cannot have owned a home or had any ownership interest in a home while he/she was the purchaser's spouse.