Are You a First Time Homebuyer?

To qualify for the instant first time homebuyer rebates for the Ontario/Toronto Land Transfer Tax the following must apply:

• The purchaser must be at least 18 years of age.
• Application for the refund must be made within 18 months after the date of the conveyance or disposition.  Real Estate Lawyers.ca LLP gets their qualifying clients the instant rebate. 
• The purchaser must occupy the home as his or her principal residence within 9 months of the date of closing.
• The purchaser cannot have owned a home or had any ownership interest in a home, anywhere in the world.
• A spouse of the purchaser cannot have owned a home or had any ownership interest in a home, anywhere in the world while he or she was the purchaser’s spouse.

How Much Rebate Do First Time Homebuyers Qualify For?