So, you’re thinking about buying your first home, right? Who isn’t these days? But let’s be real, the cost of housing is skyrocketing, and it can feel like an impossible dream. But hold up – there might be some good news on the horizon.
The government is considering a big change that could make buying a new home a lot more affordable. They’re talking about cutting the sales tax on new construction, which could save you a whopping $27,000 on average! That’s a significant chunk of change, especially for someone just starting out.
Imagine what you could do with that extra cash. Think of the down payment, the closing costs, or maybe even that dream kitchen you’ve been eyeing. It’s definitely worth keeping an eye on this, because it could be a game changer for first-time buyers.
Content adapted by the team from the original source: https://www.ctvnews.ca/canada/article/ottawas-gst-rebate-on-new-homes-would-save-typical-1st-time-buyer-27k-pbo/
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