1, government decompression.
Canada's incentive plan for first-time home buyers can ease the pressure on many new immigrants to buy houses. The government provides 5% (old house) or 65,438+00% (new house) interest-free loans for first-time buyers. This policy applies to new immigrants who land within one year, with a down payment of 20%. Login documents and proof of Canadian income are required.
2, the first purchase tax rebate
In the process of buying a house, the maximum declared amount of legal fees, real estate transfer fees, property insurance and other miscellaneous expenses. For $5,000, buyers who meet the first-time purchase criteria can get a tax refund of up to $750.
Matters needing attention in buying a house in Canada
1, make a budget
The main purpose of the budget is to determine the purchase price range, and then determine the down payment amount, and estimate the taxes, monthly loans and other housing expenses, such as property tax, water and electricity network and so on. To clarify your own needs, we must first be clear: whether living, investing or changing houses, everyone's ideas and needs are different, so the house you choose will be different.
2. Pre-approval letter of housing loan
Pre-application: the letter applying for pre-approval shall be based on the plane, including personal identification, asset information, income certificate, debt certificate, work certificate, etc. If you don't want to affect your credit and loan, you'd better pay off all foreign debts before the loan, so that the approval rate is higher, and the pre-approval letter has a time limit, which can be up to four months and one month at the shortest.