CENTURY 21 Professional Group Inc., Brokerage*
- 32 Charing Cross Street
Brantford, ON N3R 2H2
Ontario's Fair Housing Plan
After significant deliberation and consultation the Ontario government has outlined a plan to try to slow the dramatic increase in house prices. The details of the plan have not been fully released however the new rules will be retroactive to April 20th, 2017. The public release of Ontario's Fair Housing Plan has a 16 point outline of the proposed changes. At first look the greatest impact will be to foreign buyers investing with the goal of slowing double digit increases but maintaining a healthy real estate market. In addition there is a review of development red tape with proposed incentives for developers to build rental units and a review of real estate practices to help weed out unethical REALTORS and further protect consumers. These changes may only be a 1st step for legislators trying to balance a market that is setting unprecedented historical growth records.
Investor Alert ! The Rules are Changing
The news is increasing its coverage of possible changes coming to the Real Estate Market as record prices are being paid in numerous areas of the province. Brantford and Brant County are among the areas that are currently see prices jump by 15%-30% as buyers scramble to purchase. In an effort to curb the frantic buying and reduce the number investors and speculators driving up the market the Provincial Government is working with Canada Housing and Mortgage Corporation (CHMC) and the major lenders, RBC Scotia BMO CBIC to make changes to Mortgage rules that will help slow spending and make it more difficult to finance income or land banking homes. There have been a number of ideas including increasing rates on 2nd property ownership, applying a postal code based criteria to financing qualifications and limiting foreign investment to name a few. If you've been planning to buy investment property, capital will become increasingly important as higher down payments are also an anticipated strategy to stabilize the market.
I have been working with a number of local lenders to keep informed and will continue to monitor proposed changes as they develop. Learn more by subscribing to my "News You Can Use" market update or click the tab at the top of the page for a preview.
Brantford Rates #1
This independent study done by the Huffington Post sets Brantford as the #1 place to live for houses under $400,000
The dramatic influx of buyers continues and has resulted in record high sales prices. If you've been thinking of selling find out how to take advantage of this excited sellers market. Email Alex
Doubling the Maximum Refund for First-Time Homebuyers
To help Ontarians buy their first home, the Province is proposing to double the maximum refund for first-time homebuyers from $2,000 to $4,000, effective January 1, 2017.
See the full report at Ontario Ministry of Finance which explains the changes and who can benefit.
Money Sense Magazine Top Tips For Real Estate
Want to become a more informed seller? Here are five real estate myths debunked when it comes to selling a property in Canada.
Choosing an Investment Property
With all the excitement in the financial and stock markets many investors are returning to the age old strength of Real Estate Investments. The first decision is what area of real estate you are comfortable with. Residential and commercial properties each have advantages and disadvantages as does investing in future development lands. With so many options and variables speaking with an experienced REALTOR ® like myself is the first step. By discussing different opportunities and your needs I strive to find a match and then analyze each potential investment for the key factor "will it make money"! We move forward only once we have done the required due diligence to insure that you make informed decisions and are ready to let your money work for you. If you are interested in an informal chat about your choices and future in the real estate market call or email.
Selling Your House
For most people, the decision to sell their house is a result of changing personal circumstances or needs. Once that decision is made, there is a common thread that links all homeowners: the desire to get the most money possible from the sale of their property.
As a full time real estate sales professional, I strive to provide the success my clients deserve, while at the same time make the process of selling your home as simple and painless as possible. My comprehensive marketing plan and strong negotiating skills will secure a profitable sale as I work for you throughout the entire process from preparing your home for sale, negotiation of offers through to closing. I will also assist in finding you the new home that will best suit your current and future needs.
Thinking of selling? Contact me to set up a free consultation.
Smoking Hot Sellers Market
Due to the unprecedented lack of homes for sale and the huge demand from a growing buyer pool, sellers had been cashing in on dramatically increased prices. With recent changes to mortgage qualification regulations the frantic pace of offers continue as demand remains high. contact me to help you get a clear picture of how much you could expect to get for your property.
In this competitive market, buyers need to be working with an experienced agent like myself to help avoid making costly mistakes. I have often seen buyers drastically overpaying for properties as I am working with seller's listings. Knowing if a home is priced competitively is your best insurance in this active market. My experience and knowledge of the market will help you to avoid this type of mistake and potentially save you thousands of dollars.
What you should expect from your REALTOR
My Experience Works for You
As owner/operator of a design/build construction company for over 20 years and having received Provincial Accreditation for Residential Design, I know and understand quality construction and design from the foundation up.
For Sellers: This experience allows me to provide you with a significant advantage in the selling process because I am able to quickly identify potential issues before a buyer does, and recommend cost effective ways to remedy them. This prevents problems that could cause you to end up with less money for the sale of your house, or worse, no sale at all.
For Buyers: The toughest task every buyer faces is to eliminate homes from consideration that are unsuitable or have significant issues that will add substantially to the cost to remedy. Each home has its own unique character and quirks. My proven ability to recognize and differentiate minor issues from major ones means that I can assist you to make informed decisions and to negotiate a fair price for your next, or first, home purchase.
If you are thinking of selling or buying a home, contact me to help.
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