01/24/2023
𝙁𝙞𝙧𝙨𝙩 𝙏𝙞𝙢𝙚 𝙃𝙤𝙢𝙚 𝘽𝙪𝙮𝙚𝙧 𝙄𝙣𝙘𝙚𝙣𝙩𝙞𝙫𝙚 - 𝙇𝙤𝙖𝙣! 💰🏠
We know it’s hard for Torontonians, with hikes literally everywhere but salaries 🥲: grocery prices, rent, interest rates, forget getting away from the cold if you’re saving 🥶….here’s a helping hand from the Gov 😌👍🏻:
𝙇𝙤𝙖𝙣 𝙊𝙥𝙩𝙞𝙤𝙣𝙨 T𝙤𝙬𝙖𝙧𝙙𝙨 D𝙤𝙬𝙣𝙥𝙖𝙮𝙢𝙚𝙣𝙩:
- 5% for resale.
- 5%-10% for new construction.
𝙀𝙡𝙞𝙜𝙞𝙗𝙞𝙡𝙞𝙩𝙮:
- Canadian Citizen, PR, work permit.
- In Toronto: less than $150,000 combined income
- Approved for over 80% of the mortgage, paying CMHC insurance.
𝙋𝙖𝙮 𝙞𝙩 𝙗𝙖𝙘𝙠 𝙬𝙝𝙚𝙣?!
- You have to pay it back when you resell.
- Repayment has to be within 25 years.
ᴛʜᴇ 5% amount paid back ᴡɪʟʟ ʙᴇ ʙᴀꜱᴇᴅ ᴏɴ ᴠᴀʟᴜᴇ ᴀᴛ ᴛʜᴇ ᴛɪᴍᴇ ᴏꜰ ʀᴇᴘᴀʏᴍᴇɴᴛ, ᴏʀ %8 ᴏꜰ ᴛʜᴇ ᴀɴɴᴜᴀʟ ɢʀᴏᴡᴛʜ ᴏɴ ᴛʜᴇ ʟᴏᴀɴ + ᴏʀɪɢɪɴᴀʟ ʟᴏᴀɴ. ᴡʜɪᴄʜᴇᴠᴇʀ ᴀᴍᴏᴜɴᴛ ɪꜱ ʟᴏᴡᴇʀ 𝔀𝓲𝓵𝓵 𝓫𝓮 𝓻𝓮𝓺𝓾𝓲𝓻𝓮𝓭 ɪꜰ 𝓽𝓱𝓮 ᴠᴀʟᴜᴇ 𝓸𝓯 𝔂𝓸𝓾𝓻 𝓱𝓸𝓶𝓮 ʜᴀꜱ ᴀᴘᴘʀᴇᴄɪᴀᴛᴇᴅ.
𝓘𝓼 𝓬𝓵𝓪𝓻𝓲𝓽𝔂 𝓪𝓵𝓵 𝔂𝓸𝓾’𝓻𝓮 𝓶𝓲𝓼𝓼𝓲𝓷𝓰 𝓯𝓻𝓸𝓶 𝓶𝓪𝓴𝓲𝓷𝓰 𝓪𝓷 𝓲𝓷𝓯𝓸𝓻𝓶𝓮𝓭 𝓭𝓮𝓬𝓲𝓼𝓲𝓸𝓷? 𝓑𝓻𝓲𝓷𝓰 𝓶𝓮 𝓪𝓷 𝓲𝓬𝓮 𝓬𝓸𝓯𝓯𝓮𝓮 𝓪𝓷𝓭 𝓘 𝓬𝓪𝓷 𝓬𝓱𝓪𝓽 𝓪𝓵𝓵 𝓪𝓫𝓸𝓾𝓽 𝔂𝓸𝓾𝓻 𝓸𝓹𝓽𝓲𝓸𝓷𝓼 𝓯𝓸𝓻 𝓱𝓸𝓾𝓻𝓼 ☕️👍🏻 𝓶𝓸𝓻𝓮 𝓵𝓲𝓴𝓮 45 𝓶𝓲𝓷 🤭
Dm / text / call! 📲
