Friday, June 23, 2006
Buying a home for the first time can be quite a challenge. First time home buyers are often unaware of what the market is like, and what kind of costs are involved. On top of the purchase price of the house there is often lawyer fees, land transfer tax, and if it is a brand new home you get hit with the GST. On $300,000 the GST is $21,000. That means you can't get that new car. The Toronto Star and HEATHER GREENWOOD DAVIS have the full story on what to watch for when buying a home for the first time.
Posted by Snap Up Real Estate on 6/23/2006