Monday, January 31, 2011
Real Estate Market is Heating UP
WOW, I have been working in and around Toronto over the last couple of days and the market is really heating up in certain areas. Everything is multiple offers. The spring market has started early this year. The reason behind this is the recent changes with CHMC, elminating the 35 year mortgages, by March 18,2011. If you are thinking of selling your property this year, this might be the perfect time to do it.
Thursday, January 27, 2011
No pressure for Rate Hike
Loonie falls on tame inflation report
The Canadian dollar fell Tuesday on the heels of a soft inflation report that suggests the central bank will be in no rush to hike interest rates.
As per Toronto Star Report
The Canadian dollar fell Tuesday on the heels of a soft inflation report that suggests the central bank will be in no rush to hike interest rates.
As per Toronto Star Report
Sell your house before is goes Power of Sale
Can't Pay Your Mortgage, Falling behind! The bank is calling you!
Call me immediately, Let me tell you what your options are, you normally have many. I can sell you property of top dollar immediatly and we also have Cash Buyers standing by, this will save you credit and allow you to still purchase a home in a future through CHMC.
Call me immediately, Let me tell you what your options are, you normally have many. I can sell you property of top dollar immediatly and we also have Cash Buyers standing by, this will save you credit and allow you to still purchase a home in a future through CHMC.
New tool for understanding mortgages and other finance issues
The Financial Consumer Agency of Canada has specifically designed a new "Mortgage Toolkit" for the Ontario Real Estate Association to be shared with potential hombuyers, it is www.moneytools.ca
Monday, January 24, 2011
Home Energy Retrofit Grants – Deadlines for Eligibility
January 24, 2011 -- The federal and provincial governments provide grants to homeowners who undertake renovations that improve the energy efficiency of their homes. These programs are coming to a close as of March 31, 2011. See deadlines for eligibility below.
Details
Before undertaking any renovations, homeowners must first have an energy audit of their home performed by a licensed service organization (list of auditors provided at government web site address provided below). The evaluation report provides customized recommendations for renovations to improve the energy efficiency of the home. Once the homeowner has completed the renovations, a second audit must be undertaken within 18 months of the first one to determine the change in the home’s energy efficiency.
Deadlines for eligibility: Home energy retrofit grants are provided by both the federal and provincial governments. Both programs are ending as of March 31, 2011. To be eligible for federal grants, homeowners must have booked a pre-retrofit audit BEFORE March 31, 2010 and have the post-retrofit audit completed by March 31, 2011, or within 18 months of the date of the pre-retrofit evaluation (whichever comes first). Homeowners who booked a pre-retrofit audit AFTER March 31, 2010 can only access grants from the provincial government, but must also complete their post-retrofit audit completed by March 31, 2011.
For more information visit:
http://www.mei.gov.on.ca/en/energy/conservation/ohesp2/
http://oee.nrcan.gc.ca/residential/personal/grants.cfm?attr=0
Details
Before undertaking any renovations, homeowners must first have an energy audit of their home performed by a licensed service organization (list of auditors provided at government web site address provided below). The evaluation report provides customized recommendations for renovations to improve the energy efficiency of the home. Once the homeowner has completed the renovations, a second audit must be undertaken within 18 months of the first one to determine the change in the home’s energy efficiency.
Deadlines for eligibility: Home energy retrofit grants are provided by both the federal and provincial governments. Both programs are ending as of March 31, 2011. To be eligible for federal grants, homeowners must have booked a pre-retrofit audit BEFORE March 31, 2010 and have the post-retrofit audit completed by March 31, 2011, or within 18 months of the date of the pre-retrofit evaluation (whichever comes first). Homeowners who booked a pre-retrofit audit AFTER March 31, 2010 can only access grants from the provincial government, but must also complete their post-retrofit audit completed by March 31, 2011.
For more information visit:
http://www.mei.gov.on.ca/en/energy/conservation/ohesp2/
http://oee.nrcan.gc.ca/residential/personal/grants.cfm?attr=0
Tuesday, January 18, 2011
Monday, January 17, 2011
CHMC Changes what will they mean to most?
What will all this mean? It will mean that you will probably find it a little more difficult to qualify for a mortgage, your payments will be a little higher because of the shorter amortization and it will be much tougher to get a large secured (cheaper rates) line of cerdit against your current property. But the rates are still low, so the market will continue strong....
Wednesday, January 12, 2011
Power of Sale in Toronto
I just listed this great large house on Oakwood Avenue in Toronto. One of the best prices for a 3 bedroom Detached house. Listed for only $379,900. Finished basement with a separate entrance.
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