Tuesday, January 31, 2017

First-Time Home Buyers’ Tax Credit

 To assist first-time home buyers with the costs related to the purchase of a home.


 • The First-Time Home Buyers’ Credit (FTHBC) provides a 15 percent credit on a maximum of $5,000 of home purchase costs (e.g. legal fees, land transfer taxes, etc.), meaning maximum tax relief of $750. • Applicable to first-time buyers purchasing a home closing after January 27, 2009.

• The FTHBC is claimable for the taxation year in which the home is acquired.

• An individual will be considered a first-time home buyer if neither the individual nor the individual’s spouse or common-law partner owned and lived in another home in the calendar year of the home purchase or in any of the four preceding calendar years. First-time home buyers may be eligible for a 15 percent income tax credit for closing costs. 

Tuesday, August 30, 2016

Brand New Mississauga Condo - JUST LISTED! $309,000

Attention first time home buyers, working professionals and investors! 

Brand new condo 1 Bed + den

Open concept 

Amenities: Pool, Gym, Sauna, Bowling lanes, Party room Billiards and much more! 

Prime location- walking distance to square one, major intersection (Hurontario/ 403)









Monday, August 1, 2016

Brand New Listing - Condo Apt $349,900 (Brampton)

Beautifully Renovated Suite!

Recently Converted 2+1 Into A Luxurious Open Concept

2 Bdrm Penthouse Suite With Unobstructed Toronto Skyline Views

Located at Hurontario / 407

2 Bedroom

2 Washroom

Call 647-716-0145 to book your showing














Wednesday, July 27, 2016

Mississauga/ Brampton house for rent $1950































3 bedroom
3 washroom
9 feet ceilings
Brand New, Never lived in
Hardwood floors/ walkout to deck
Deck Faces ravine! Lots of privacy
Stainless steel appliances
Master bedroom has 5 pc ensuite with walk in closet
Walkout basement with lots of room for storage
Located at Mississauga Rd/Financial Drive
1 year lease, Move in ASAP


Call Megan 647-716-0145 to arrange a showing

Friday, July 15, 2016

GOVERNMENT PROGRAMS FOR HOME BUYERS AND PROPERTY OWNERS

A home is usually the single largest investment that most people make in their lives. Achieving your dream can be made easier by taking advantage of various Government Programs for home buyers and property owners. Some of the programs are targeted to first-time buyers, while others apply more generally. Other programs benefit those in the industrial, commercial and multi-unit property market.


Government Programs for Home Buyers

  • First-Time Home Buyers' Tax Credit 
Program First-time home buyers may be eligible for a 15 per-cent income tax credit for closing costs. 

  • RRSP Home Buyers' Plan 
The Home Buyers’ Plan (HBP) is a program under which you can, generally, withdraw up to $25,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home
  • HST New Housing Rebate 
You may be eligible to claim a rebate for a part of the HST you pay on the purchase price of a newly constructed home or the cost of building your home
  • Land Transfer Tax Rebates 
First-time buyers of new and re-sale homes are eligible to receive rebates of the provincial and Toronto land transfer taxes. The maximum provincial land transfer tax (LTT) rebate for first-time buyers is $2,000 and the maximum Toronto LTT rebate for first time buyers is $3,725.

For more information about these programs- please call or email me

Megan Rekhi B.HSc. MHA
647 716 0145
647 929 3324
meganrekhi@gmail.com

Friday, June 17, 2016

5 Reasons You Should Buy A Home In 2016


Why is 2016 a good year to buy a home in Canada? Let us count the ways.
1. LOW INTEREST RATES

In its latest rate announcement on Jan. 20, the Bank of Canada held its target for the overnight rate at 0.50 per cent, citing a setback brought on by a decline in oil and commodities prices. BoC expects the economy to grow by about 1.5 per cent in 2016 and 2.5 per cent in 2017.

Some experts, such as Benjamin Tal, deputy chief economist at CIBC World Markets, expects interest rates to remain low through 2016, if not fall.

At least one lender, in Ontario, even recently introduced what it says is the lowest posted fixed mortgage rate on the market - at 1.69 per cent for a one-year term.

The BoC's next rate announcement is March 9.

2. THE UPSIDE OF DOWN PRICES

When the The Canadian Real Estate Association (CREA) released its latest statisticson Feb. 16, one number jumped off the page and into the headlines: 17 per cent - the rate by which the national average sale price rose on a year-over-year basis in January.

"Holy," prospective homebuyers might have thought, "how will I ever be able to buy a home if this keeps happening?"

The key thing to look for when you see such news, however, is what's happening inyour market. Real estate is local, not national. You don't buy the Canadian market, or even a provincial or regional one. You buy one home in one location.

Excluding British Columbia and Ontario from CREA's January stats, the national average sale price actually declined slightly, by 0.3 per cent.

Economies and housing sectors in markets such as Calgary, Edmonton and Saskatoon are feeling the pinch of the extended slowdown in oil and gas. For existing homeowners, of course, this isn't great news; average home prices in Calgary dropped 3.05 per cent year-over-year in January, and in Saskatoon they fell 2.11 per cent.

For prospective buyers, however, this means opportunity.

Naturally, buyers might not too jazzed about getting in when prices are dropping, fearing their home's value will go down after they purchase. But look at the longer term. In Calgary, prices have increased 14.29 per cent over the last three years; in Saskatoon, 2.07 per cent.

3. THE HOT GETS HOTTER

The Toronto and Vancouver housing markets continue to roll along, hitting record sales and prices. If you live there and you're fortunate enough to be able to buy, particularly in the lowrise home category, the forecasts for 2016 are for more growth.

Again looking at the CREA's stats for January, B.C.'s Lower Mainland and the GTA contributed most to the national increase. Greater Vancouver (20.56 per cent) and the Fraser Valley (16.94 per cent) posted the largest gains, followed by Greater Toronto (10.69 per cent).

Longer-term performance for these markets is off the charts. Greater Vancouver average home prices rose 20.56 per cent in the last year, 31.58 per cent over the last three years. For the GTA, the figures are 10.69 and 27.44 per cent, respectively.

4. HISTORY IS ON YOUR SIDE

If you've heard the adage, "Don't wait to buy real estate, buy real estate and wait," but aren't sure what it means exactly, read here.

While there are no guarantees, in short, real estate in Canada is a proven performer over time.

Sure, Vancouver and Toronto have shown the most spectacular historical growth, but even unsung markets in eastern Canada have performed well over time.

5. SPRING IS AROUND THE CORNER

Spring in real estate is typically "busy season." The warmer weather and longer days generally encourage more activity in the market. Those who were thinking of selling but delayed through the winter months might now throw up that "For Sale" sign.

Those looking to buy are similarly more enthused about getting out and looking around when the weather is nicer, and when, coincidentally, listings are usually higher.

Even on the new-home front, builders often use the spring season to launch new developments, and to add incentives for any remaining inventory in existing communities.


Adapted from HuffPost Canada

Friday, June 10, 2016

OPEN HOUSE / Semi detached at Bovaird and Bramalea


OPEN HOUSE! 
JUNE 11 from 1-5pm 

Semi detached 3 bedroom hardwood floors house 
Upgraded kitchen, lots spent on upgrades 
Finished basement with large room and kitchen 

Direct Intersection: Bramalea/ Bovaird 
Call MEGAN REKHI 
homelife miracle realty ltd. 

Not intended to solicit Buyers / Sellers already under contract.




Thursday, April 4, 2013

Brand New Listing! 4 Bedroom, 3 Washroom, Detached 2 storey, Seperate entrance to basement, Very Private no neighbors at front or back. 5 Piece Ensuite in master bedroom, Gas fireplace, Stainless Steel appliances, Walk out to beautiful deck and gazebo. Listed at $479,900. Location : Brisdale/Sugarhill Dr, Brampton

Thursday, November 8, 2012

Beautiful Richmond Hill House listed for $499,000


SOLD!!!





GREAT for First time home buyers & new comers! 


Live in a spotlessly maintained 4 bedroom house 


Master bedroom has 5 pc Ensuite, soaker tub, stand up shower, walk in closet 


9 foot ceilings 


Gas fireplace 


Double Garage 


Location Intersection: Yonge and 19th Avenue, Richmond Hill 


CALL Megan 


































Sunday, October 28, 2012

Marilyn Munroe Towers In Square One











2 Bd + den for sale at Marilyn Munroe Towers In Square
One Area -$389,900
· Lowest Price For Quick Sale
· Approx.1200 Sqft Incl. Balcony
· Very Clean Unit In Famous Marilyn Munroe Towers In Square One Area
· Every Room With Walkout To Balcony
· Bright Large Windows
· Upgraded Kitchen With Granite Countertop With Undermount Sink


CALL MEGAN
Call today for your showing!