February 2012: MLS® Sales Steam Ahead!

Greater Montréal Real Estate Board (GMREB) registered a 9% increase in sales throughout the Montréal Metropolitan Area as compared to February 2011. This marks the ninth consecutive increase and the strongest one since April 2010. Active listings grew by 13% in February with almost 29,000 residential properties for sale by real estate brokers in the Greater Montréal area.
The Vaudreuil-Soulanges region continued to lead the way with an overall 26% increase in residential sales for February 2012. The Laval and the South Shore regions are tied at second place with an 11% increase, followed by a 7% increase for the Island of Montréal and a 5% increase for the North Shore relative to the same period last year.

For the 23rd consecutive month, condominiums are the performance leader out of all property categories with 1,394 transactions, a 15% increase relative to February 2011. Single-family homes increased by 6% despite a slight 2% decrease in January 2012. Plexes registered a 7% increase.(Source : http://www.cigm.qc.ca)

 

L’achat d’une première habitation : REER et RAP / First-time Home Buyer : RRSP and HBP

Régime d’accession à la propriété (RAP)

reerpigLe Régime d’accession à la propriété (RAP) est un programme qui vous permet de retirer des fonds de vos régimes enregistrés d’épargne-retraite (REER) pour acheter ou construire une habitation admissible pour vous-même ou pour une personne handicapée qui vous est liée. Vous pouvez retirer jusqu’à 25 000 $ dans une année civile.

Vos cotisations REER doivent demeurer au compte REER au moins 90 jours avant de les retirer pour participer au RAP, ou les cotisations pourraient ne pas être déductibles pour aucune année.

Généralement, vous avez 15 ans pour rembourser les montants retirés de vos REER. Vous devez rembourser chaque année un montant dans vos REER, jusqu’à ce que le solde du RAP soit nul. Si vous ne remboursez pas le montant prévu pour une année, vous devrez l’inclure dans vos revenus de cette année-là.

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Home Buyers’ Plan (HBP)

Calculator & coins with arrowThe Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. You can withdraw up to $25,000 in a calendar year.

Your RRSP contributions must remain in the RRSP for at least 90 days before you can withdraw them under the HBP, or they may not be deductible for any year.

Generally, you have to repay all withdrawals to your RRSPs within a period of no more than 15 years. You will have to repay an amount to your RRSPs each year until your HBP balance is zero. If you do not repay the amount due for a year, it will have to be included in your income for that year.

Source : http://www.cra-arc.gc.ca