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PORT PERRY STAR REAL ESTATE ano CLASSIFIED @DVERTISING VOL.1 No.39 - FIRST CHOICE REAL ESTATE - TUESDAY, JUNE 12, 1990 Published weekly by the Port Perry Star | FRANK @LEALT: TORONTD LINE 686-3931 Serv jo IV a aT: To 0 = LYS TTT ~g or EDD +r 112 SCUGOG STREET | | PORT PERRY - PHONE 985-7386 REALTOR PORT PERRAY CUSTOM BUILT 3 bedroom bungalow on approximately 1 acre lot, eat-in kitchen, fieldstone fireplace in living room, oak flooring throughout, main floor laundry. Priced to sell at $269,900. Open House Saturday, June 16th from 1 to 3 p.m. at 7 Edinborough Avenue, Cawkers Creek, Port Perry. Call Steven Brouwer 985-7386 or 986-0687. "BRICK -- BRICK -- BRICK" Home overlooking Lake Scugog with westerly exposure, you have to view it to believe it. Only 6 months new, 1760 sq.ft. of luxurious delight, features galore such as deeded lake ownership. Just listed at $244,900. with fast closing if desired. Call Penny or Ernie Duncan 985-7386 or 986-0055. TO VIEW THESE PROPERTIES call: 985-7386 Good news for first time home buyers The Honourable Remo Mancini, Minister of Revenue, announced recently that Ontario residents saving for a home can benefit from im- provements to the Ontario Home Ownership Savings Plan (OHOSP). "The changes I'm propos- ing will make the plan ac- cessible to more first-time home buyers,"" said the Minister. "These amend- ments will.also_put more money into the. pockets of people striving to purchase their first home." Aimed at first-time On- tario home buyers with in- comes of up to $40,000 (if single) and $80,000 combin- ed (if married) the OHOSP program offers tax credits based on qualifying con- tributions to the plan. To date, over 81,000 plans have been opened, resulting in over 25,000 home pur- chases. In 1988, individuals and households received over $11 million in OHOSP tax credits and more than six million dollars in land transfer tax refunds. In- dividually, if a'planholder purchased a home costing less than $150,000, the Land Transfer Tax refund amounted to $1,225. In the 1989 Ontario Budget, the Treasurer of Ontario announced propos- ed enhancements to the pro- gram. They include: * higher yield, fixed term investments such as Guaranteed Investment Certificates (GICs), as eligible investments in addi- tion to demand deposits; * the early release of plan deposits when a buyer-has agreed to make interim payments to a builder as part of the agreement of purchase and sale; * eliminating repayment of tax credits received in previous years by planholders who acquire an interest in a home as a result of marriage or in- heritance; and * extending eligibility to an individual whose spouse owned a home prior to but not after the marriage. Changes to the Land Transfer Tax Act, also an- nounced at that time pro- vide further enhancements to the OHOSP program. A first-time home buyer who Tum to Page 7 * * @he Bout Bovey Shue READ EVERY WEEK BY OVER - 20,000 PEOPLE IN THESE COMMUNITIES * ASHBURN - BLACKSTOCK - BROOKLIN CAESAREA - COLUMBUS EPSOM - GREENBANK - JANETVILLE LITTLE BRITAIN - NESTLETON PORT PERRY - PRINCE ALBERT SEAGRAVE - SUNDERLAND - UTICA UXBRIDGE and surrounding hamlets & villages.