First-Time Buyer Incentive Ending Soon!

MESSAGE FROM ELENA

Dear Friend,

I hope you're all doing great! I just got back from Orlando, FL. I was there for a Real Estate Conference to learn new ways to help you better. It was a great week! I learned a lot from top experts and met agents from all over the world. After the conference, I spent a few days with my daughter, her husband, and my wonderful granddaughter. They're in Florida for a few months to avoid the cold winter. It was the best part of my trip!

Now, for some news on real estate and mortgages. On March 6th, we'll see the next decision on interest rates overnight. Inflation was at 2.9% in January, down from 3.4% in December 2023. There are different views on whether the prime rate will go down or not. So let's see how it will go. Also, the First Time Buyer Incentive will end on March 21st. You can read more about it in the publication below.

If you have any questions about the market or if you need a home evaluation, just let me know. Have a fantastic week!

Take care,
Elena

ARTICLE NEWS AND PUBLICATIONS

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21.

The tax implications for Canadians selling foreign real estate

How are Canadians taxed on foreign property? Find out if you should report the sale on your tax return and what role tax treaties play.

Moving With Kids? How to Choose a Great School Near Your New Home

There are many factors to consider when searching for your dream home, including cost, number of bedrooms, layout and neighbourhood. But if you have children—or plan to someday soon—you need to think about another important selling feature: schools.

ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603