Comment 41908

By pumpkin (anonymous) | Posted June 12, 2010 at 08:22:26

I am a new home buyer and was just blown away while signing a purchase agreement with a builder here in Hamilton. The $7500 does NOT go on your mortgage it is due at closing (so out of my profit money from my house selling)...Also not everyone buying a new house is RICH, $40,000 is ridiculous. Just because new home buyers are buying new doesn't mean we havent been paying the same taxes as everyone else living in a resale home or less new home, Property taxes, HST, income etc etc. So we have been contributing to the city as a whole. This was a huge shock and I wonder how many home purchases have suffered from it as my husband and I seriously contemplated leaving the table because of that $7500.

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