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Homebuyer’s Tools

J&G Homes is a leader in the Manitoba construction services industry, offering quality craftsmanship across the fullest range of innovative designs.

BANK PROGRAMS

Banks and Credit Unions are constantly creating programs to assist new homebuyers enter the real estate market. The largest barrier to entering real estate is coming up with a down payment of at least 5% of your home price. Depending on your current credit situation, some banks and mortgage brokers can help you finance a down payment with lines of credit. One example can be found at the link below with BMO’s ‘Default Insured Borrowed Down Payment Program.’ If you are wanting to purchase a home, be sure to check with your bank or mortgage broker to see if any of these options are available to you.


BUILDING EQUITY THROUGH HOME OWNERSHIP

Purchasing a home with the following assumptions:

Home Price $300,000.00
Down Payment @ 5% $15,000.00
Amortization 25 Years
Interest Rate 3.25%
Monthly Payment $1,389

In 5 years, you will have approximately $55,873 in home equity if the housing market stays flat.

In 5 years, you will have approximately $64,873 in home equity if the housing market increases by 3%.

In 5 years, you will have approximately $70,873 in home equity if the housing market increases by 5%.

If you rent, you will have ZERO in home equity in 5 years. Assuming you saved your down payment you could expect to turn your $15,000 into $19,200 if you received an average annual return of 5%. Therefore, the above shows how using savings to invest in a down payment on a home is a great way to begin building wealth as opposed to renting and saving.

*Disclaimer: Numbers used is entirely for demonstration purposes and actual returns may vary.

Land Transfer Tax Calculator

Use this calculator from Rate Hub to calculate your land transfer tax.

RateHub logo

IMPORTANT NOTICE:
The calculated results and information are provided for illustrative purposes only. Further, the calculated amount does not include any additional registration fees that may be charged by The Property Registry for registration of transfer documents. Neither Jacobson & Greiner Group Ltd., nor any of its subsidiary companies, makes any claims, promises or guarantees about the accuracy, completeness, or adequacy of the information provided. Visitors are encouraged to speak with their legal representative for an accurate Land Transfer Tax calculation.

Mortgage Calculator

IMPORTANT NOTICE:
The calculated results and information are provided for illustrative purposes only, and are based on the information entered by the Visitor, which may not accurately reflect current market conditions or the Visitor’s credit history. Neither Jacobson & Greiner Group Ltd., nor any of its subsidiary companies, makes any claims, promises or guarantees about the accuracy, completeness, or adequacy of the information provided. Visitors are encouraged to consult their financial institution in order to obtain an accurate analysis of their mortgage rates and payments.

Property Tax Calculator

IMPORTANT NOTICE:
The calculated results and information are provided for illustrative purposes only.  Neither Jacobson & Greiner Group Ltd., nor any of its subsidiary companies, makes any claims, promises or guarantees about the accuracy, completeness, or adequacy of the information provided.  Visitors are encouraged to speak with a City of Brandon representative for an accurate Property Tax calculation.

GST Rebate Calculator

To determine the GST, simply type in the purchase price in the appropriate box, then click on the final purchase price.

GST Rebate Calculator
G.S.T. Rate in effect:

(includes taxes and rebate)
$
OR

(exludes taxes and rebate)
$

Calculate Price and GST Rebate Details

Price, Tax, and GST Rebate Breakdown:
BASE PRICE:
$
G.S.T.
$
GST REBATE:
$
NET GST:
$
FINAL PRICE:
$