Город Монреаль has launched a new HomeOwnership program, designed to help home buyers — particularly families with children.

Families with at least one child who purchase a newly-built home — a three-bedroom property under $295,000 within the city of Montreal — receive $12,500 subsidy и a refund of 100 percent of the real estate transfer taÑ…. Families purchasing a smaller home, под $265,000, получать $10,000 subsidy as well as the 100 percent transfer tax refund.

Families who buy an existing home — a duplex up to $360,000 or a triplex up to $400,000 — don’t get a subsidy, but they’re still eligible for the 100 percent real estate transfer tax refund.

If you don’t have children, Ð’Ñ‹ все еще может принести пользу.

A single person buying a new home of up to $200,000, or a two people jointly purchasing a new home of up to $235,000, будет получать $4,500 subsidy and a 40 percent real estate transfer tax refund.

A household without children purchasing an existing duplex (до $360,000) или триплекс (до $400,000) будет получать 40 percent real estate transfer tax refund.

To qualify, applicants must prove that they have not owned a residential property in Quebec over the past five years.

По CBC News, Монреаль мэр Жеральд Трамбле said that the subsidies should help families remain in the city of Montreal, rather than decamping to the suburbs. Read more about the city’s take on the benefits of living in Montreal.

And for more information about the subsidy program or about home buying in Montreal, визит Habiter Монреаль.

Фото © Carolyn B. Хеллер