8 Good Reasons why it's a good time to buy property:

1. Historic low interest rates

2. 5% down payments

3. Amortizations can be spread to 35 years

4. Land Transfer tax rebates (Ontario and Toronto) for first time buyers

5. Increase from 20K to 25K for RRSP contribution for first time buyers

6. Federal Government tax credits for closing costs

7. Federal government tax credits for home renovations

8. Ability to add renovation costs to the first mortgage