Montreal Home Ownership Program

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Montreal Home Ownership Program

Post: # 4773Post Flipping4Profit.ca
Wed Aug 22, 2012 11:59 am

Montreal Home Ownership Program

The Home Ownership Program was adopted by City Council at its meeting held on January 23, 2012. By virtue of this by-law, the portion of the program involving the reimbursement of the real estate transfer tax ("welcome" tax) for households without children was abolished on February 1, 2012.

As of this date, applications may no longer be submitted by a household without children for the purchase of an existing building with two or three above-ground units. In addition, as of February 1, 2012, if a household without children submits an application for the purchase of a new residential unit, they will not receive a partial reimbursement of the real estate transfer tax.

They will however be eligible for a lump-sum amount of $ 4,500.


You dream of owning a property in Montréal?

With the Home Ownership Program, you could take advantage of:

• Financial assistance when you purchase a new property
• A refund of your "welcome" tax if you are a family and you purchase a new property or an existing residential building with 2 or 3 above-ground dwelling units

You have kids?

The maximum purchase prices are increased for families who buy a new residential property. In addition, you are entitled to receive 6 months of free public transit on purchase of a one-year OPUS full-fare pass, and to 2 Accès Montréal cards to take advantage of rebates on many activities offered in the cultural metropolis.

For more information, please go to

http://ville.montreal.qc.ca/portal/page ... ema=PORTAL

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at [email protected] or 647-393-6100 to set up a session at your meeting or convention.


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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

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Posts: 4524
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City of Montreal offers Cash up to $6250 Cash for Ist time b

Post: # 45998Post Flipping4Profit.ca
Sat Feb 27, 2016 11:57 am

City of Montreal offers Cash up to $6250 Cash for first-time buyer
Montreal, Quebec


The City of Montreal offers cash up to $6,250 per home to eligible first-time buyers, and households with at least one child get a full refund of their real estate transfer tax.

Experienced buyers also get the refund.

The deals apply to new or used homes and exclusively residential buildings up to a maximum purchase price that include up to 3 above-ground dwelling units. (For buildings with 2 or 3 above-ground dwelling units, at least one of them must be offered for rent). They also get a break on entry into the city’s renovation programs.

As a bonus throw in from the city, families in the program receive six months of free transit if they buy a year pass.

The average price of homes in Montreal was $338,000 in January 2016, according to the Canadian Real Estate Association.
Montreal had a $4.88-billion budget for 2015.
For the sake of comparison, that amount of cash could buy about 14,440 homes in La Belle Ville.

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at [email protected] or 647-393-6100 to set up a session at your meeting or convention.


Flipping for instant profit LIVE real estate training seminar

Reserve your seat now at
www.Flipping4Profit.ca
Image

Special Sale Forgivable Canadian Business & Real estate Grants, Canadian Credit Repair
Image

Alberta Foreclosure LIVE Training 2016
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

$500 reasons to be a Referral Partner
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

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