Governerment Grants Loans for Real Estate

[AdamG]

The Purpose of this post is to gather and share as much as we can about government grants and loans with respects to real estate…



I was at a seminar on the weekend and a speaker by the name of Chris Johnson was preaching how easy it was to get FREE money from the government… I figure with the REIN network we could work together and find this “free” money and share the application we find….



I know as a first home buyer I qualify for a rebate when it comes to land transfer tax… I heard about a Mortgage grant rebate of some sort however I am still searching…



http://www.strategis.gc.ca/ic_wp-pa.htm

http://www.bdc.ca/flash.htm?cookie%5Ftest=1

http://www.canadabenefits.gc.ca/

http://www.torontorealestateboard.com/consumer_info/gov_programs/index.htm



Please use these sites to help find any of the following government programs



[*]Homeowners Rebate Program[*]Community Development ProgramEnergy ConservationHousing & Rehabilitation GrantHistoric Preservation Grant [*]And many more…

If you find any application for grants or loans please reply to this topic and add a link so that other members can further investigate if they too can qualify.

 

[YLCorporation]

QUOTE (AdamG @ Apr 1 2008, 03:27 PM) The Purpose of this post is to gather and share as much as we can about government grants and loans with respects to real estate…



I was at a seminar on the weekend and a speaker by the name of Chris Johnson was preaching how easy it was to get FREE money from the government… I figure with the REIN network we could work together and find this "free" money and share the application we find….



I know as a first home buyer I qualify for a rebate when it comes to land transfer tax… I heard about a Mortgage grant rebate of some sort however I am still searching…



http://www.strategis.gc.ca/ic_wp-pa.htm

http://www.bdc.ca/flash.htm?cookie%5Ftest=1

http://www.canadabenefits.gc.ca/

http://www.torontorealestateboard.com/consumer_info/gov_programs/index.htm

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Please use these sites to help find any of the following government programs



[*]Homeowners Rebate Program[*]Community Development ProgramEnergy ConservationHousing & Rehabilitation GrantHistoric Preservation Grant [*]And many more…

If you find any application for grants or loans please reply to this topic and add a link so that other members can further investigate if they too can qualify.


I am from Hamilton too and i also went to the Seminar too. I guess you didn`t purchase the packages? Darn it!!


Lynn from Hamilton

 

[Thomas Beyer]

"free" usually comes with strings attached !

We researched the CMHC program for in-suite upgrades for example, relatively $ rich to the tune of about $20,000 per apartment .. BUT: you have to cap the rents for many many years at a pretty low leveland thus, you impact the property value by possibly far more than $20,000 / unit !

I like CMHC mortgage insurance as you get
a ) a higher loan to value and
b ) a lower interest rate

With interest rates around low 4% range .. this CMHC insured mortgage is FREE MONEY to me .. as inflation is over 4% annually !!