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Orleans four bedroom home! $294,900

Great family home. Main level features eatin kitchen, diningroom, livingroom, two piece powder room and inside access to garage and fenced in back yard. Upper level has four good sized bedrooms and a full bathroom. Basement is finished with storage. Close to all amenities...shopping, buses, medical, recreation facilities. Diane DeCooman 613-837-3800 Ext 134

Mortgage rates in Canada just fell below 2% from lenders

If you thought mortgage rates could not go any lower, you were wrong. Investors Group is rocking the mortgage world with what appears to be the deepest discount in Canadian history on a floating rate loan, offering a deal that takes an effective mortgage rate down to 1.99%. Full article –http://tinyurl.com/l9zureb   Source: Financial Post & CREA May 14 2014

Executive Bungalow in move in condition! $599,900

Three bedroom exclusive listing in Carp. Heated inground salt water pool, 4 car garage, 2 acres, updated kitchen, bathrooms, plenty of upgrades. Diane DeCooman 613-837-3800 ext 134

Market update

Canada home sales rise most since August Canadian home sales rose last month at the fastest pace since August as a surge in transactions in Vancouver and Toronto offset a cooling elsewhere. The number of homes changing hands in April rose 2.7 percent from a month earlier, the Canadian Real Estate Association said today in a statement, as sales jumped 14 percent in Vancouver and 4.6 percent in Toronto. ...

Spring Has Finally Sprung!!

Its been a long winter, but the snow is finally gone and we are starting to see more of the sunshine and nice weather!  Now is the time to be thinking about Spring Cleaning, the yard work and any household projects that you have been putting off!  With the start of a new season, it is always a great time to dust off your shelves and  start organizing your space!  Whether that means ...

Strong housing prices expected amid slowing sales

The Canadian Real Estate Association will be releasing April’s housing data on Thursday, and the report is expected to show that prices are strong even though sales have been lacklustre. “Price gains remain firm in much of the country, with average prices expected to be up about 6 per cent year-over-year, steady from the prior month,” Bank of Montreal economist Benjamin Reitzes wrote ...

Exterior Spring Cleaning

This weekend in Ottawa has got to be the best one we've had yet, this spring!  If you are feeling liberated and can't wait to get outside to get the exterior of your home in tip top shape after the miserable winter, here are a few things you can do to make your home look amazing: Repair and re-seal the driveway Shoveling, plowing, salt and sand take their toll on asphalt in the winter.  ...

CMHC to rein in mortgage liabilities to $545B this year

Canada's national housing agency expects to trim the amount of insured mortgages it's keeping on its books this year, a continuation of a multiyear trend that started in 2011. The Canada Mortgage and Housing Corporation (CMHC) said in its annual report released Monday it expects to have a total of $545 billion worth of insurance in force by the end of 2014. That's down from $557 billion for fiscal ...

CMHC to limit mortgage insurance product offerings

Canada Mortgage and Housing Corporation will no longer offer mortgage insurance on second homes, the crown corporation said on Friday. It will also discontinue selling mortgage insurance to self-employed people without third-party income validation. The new limitations mean borrowers will also no longer be able to act as co-borrowers on other applications. These changes, which will take effect on May ...

Stephen Poloz says low interest rates may be here to stay

Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, bank governor Stephen Poloz said Thursday. But the central banker doesn't think sending that message means people will go on spending sprees. Poloz says it will likely take until early 2016 before the economy ...