Time for a New Fireplace!

As part of today’s federal budget announcement, we learned that home owners will be eligible for a 15% rebate on home renovations between $1,000 and $10,000, up until February of 2010.

That’s not a bad incentive to refinance and renovate your basement, re-do your kitchen, or look at doing some of the other eligible renovations.

With mortgage rates as low as 3.75% for 3 years, and a 15% rebate, that’s pretty cheap money.