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St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.

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Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation

This real estate blog is written by Fraser & Stephen Winters. We both are full time successful top producing RE/MAX Realtors in St. John's, Newfoundland. The information contained on this website is from sources believed to be reliable. However, it may be incorrect. This information should not be relied upon without personal verification. We assume no responsibility for its accuracy. This information is not intended to solicit clients already under contract. For more information about us visit our website.
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Tax Credit for First Time Buyers

I’m not one for talking politics. Nor am I one for pushing a certain poltical party on anyone, but this caught my interest….more so for me to write about.

In Stephen Harpers campaign, he is offering a tax credit to first time home buyers if re-elected. Up to a $5000 tax credit to help with closing costs. Note this is a tax credit and NOT $5000 cash in hand. According to the article on CBC, it would result in a maximum return rebate of $750 per family.

The average selling price of a home in this country will rise by 3.3 per cent this year to $317,450, and by a further three in 2009 to $327,000, Canada Mortgage and Housing Corporation predicted last month.

The average closing costs on a house ranges from 1% to 2% the cost of the house.

Tags: average closing costs, cmhc, First Time Buyers, mortgage and housing, stephen harper, tax credit