Deposit
This is part of your down payment and must be paid when you make an Offer to Purchase. The cost varies depending on the area, but it may be up to 5% of the purchase price.
Note: In the case of a first-time homebuyer you may be applicable to take advantage of the Home Buyers Plan (HBP).
The program allows for a tax-free withdrawal (up to $20,000) from a Registered Retirement Savings Plan to buy a home.
While great care has been taken to ensure the accuracy of the information provided throughout www.philiphollett.com and www.waterdownhomes.com, Philip Hollett does not assume liability for decisions based on the information provided or related to the information provided. Philip Hollett E&OE.
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