David Anderson Real Estate

LAND TRANSFER TAX 

When you buy land or an interest in land in Ontario, you pay land transfer tax. First-time homebuyers of an eligible home may be eligible for a refund of all or part of the tax.

http://www.fin.gov.on.ca/en/bulletins/ltt/1_2008.html

CMHC INSURANCE

Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment starting at 5%* — with interest rates comparable to those with a 20% down payment.

https://www.cmhc-schl.gc.ca/en/co/moloin/moloin_010.cfm

MORTGAGE PAYMENT CALCULATOR

Use our mortgage payment calculator to reflect how mortgage amount, interest rate, and other factors affect your payment.