Opportunity knocks - According to the 16th Annual RBC Homeownership Survey, two-in-three Canadians think it's a buyer's market right now and more than a quarter of Canadians (27 per cent) say they intend to purchase a home over the next two years, up four points from 23 per cent in 2008 - the largest single year increase since 2001. Additionally, almost half (48 per cent) indicate it makes sense to ...
Posted by Sara Kareer
on March 5, 2009
Despite recent slowdowns in some markets, housing remains a good long-term investment, and demographic demand favours housing over the long term.
Homeownership offers immediate benefits and long-term value. Homeowners accumulate wealth for the future while enjoying the benefits of a shelter that they can use, improve and sell.
Reasons Why You Should Stop Renting
Continual rent ...
Posted by Sara Kareer
on February 28, 2009
First-Time Home Buyers' Tax Credit
Here is another program geared towards first-time home buyers! The Government is offering an incentive for first time home buyers by offering a 15% income tax credit for closing costs. Details
To assist first-time home buyers with the costs related to the purchase of a home.
The First-Time Home Buyers' Credit (FTHBC) provides a 15 percent credit ...
Posted by Sara Kareer
on February 27, 2009
The following is an update on the Home Ownership Program offered in the Region of Peel.
Peel Region will ask Ottawa and Queen's Park to extend for another year a home ownership program that's geared to low-income residents. In May 2008, Peel received $2.85 million under the Canada-Ontario Affordable Housing program (AHP). Dubbed "Home in Peel," the initiative set out to provide 282 ...
Posted by Sara Kareer
on February 13, 2009
Home Renovations:
In order to encourage consumer spending, the Government is offering Homeowners various incentives...the following article was published by Canwest News Service/National Post, Janice Tibbetts: OTTAWA -- Canadians who want to sod their lawns or renovate their bathrooms will get a tax break worth up to $1,350 as a key plank of the government's effort to inspire spending. ...
Posted by Sara Kareer
on February 3, 2009
Week in review (November 9 to November 15, 2008)
Here is a brief synopsis of the week in review for the Brampton/Mississauga Real Estate market:- 509 new listings came onto the market (an increase of 15.16% over the previous week) - 198 homes were sold during the week (an decrease of 14.29% over the previous week)- 248 homes underwent a Price Change (an increase of 27.84% over the previous ...
Posted by Sara Kareer
on November 21, 2008