The new mortgage changes, announced yesterday by Finance Minister Jim Flaherty, will take effect on April 19, 2010. These new changes are designed to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.
Here is a recap of the announcement:
1: Higher Qualification Rate: Given the fact that interest rates are at all time lows, it has been ...
Posted by Sara Kareer
on February 17, 2010
Even before Finance Minister Jim Flaherty's announcement yesterday, Economists were forecasting a very hot Spring real estate market as home buyers had been expected to rush to beat the harmonized sales tax in Ontario and British Columbia.
Now, homebuyers have one more reason to buy now. Mr. Flaherty’s new qualifying standards that come into effect April 19, 2010 are expected to further ...
Posted by Sara Kareer
on February 17, 2010
Sales Start Off Strong in 2010 -- Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009.
“The ...
Posted by Sara Kareer
on February 11, 2010
Brampton residents have an opportunity to "Get Brampton on the Board" and be a part of gaming history. Hasbro, the makers of MONOPOLY, has launched a nation-wide vote to find Canada's 22 favourite cities that will be included on the new MONOPOLY Canada game board in celebration of its 75th Anniversary.
"What a great opportunity for Brampton to get a piece of real estate in this Canadian edition ...
Posted by Sara Kareer
on January 30, 2010
The following appeared in the Brampton Guardian yesterday, written by Ruth Ballantyne
Avoid the HST – Buy a home now
The new harmonized sales tax being implemented in Ontario may end up being a friend of business but for consumers buying a new house prepare to be stung. The HST will combine the current GST (5 per cent) and PST (8 per cent) to create one tax, HST at (13 per cent). This ...
Posted by Sara Kareer
on January 14, 2010
TORONTO REAL ESTATE BOARD (TREB) MARKET WATCH REPORT FOR DECEMBER 2009
GTA Resale Market Resilient in 2009 ...
Posted by Sara Kareer
on January 8, 2010
Here is an article that appeared today, January 5, 2010, in The Globe and Mail.
Fasten your seatbelts, home buyers
REUTERS
Interest rates are about to start rocketing higher. Savers, get ready
You now have roughly six to nine months to get a personal plan together for dealing with higher interest rates.
After that, the ride begins. Where it ends depends on how smartly the economy ...
Posted by Sara Kareer
on January 5, 2010
City of Toronto orders Condo Developers to buy annual TTC Metropass for every unit.
In an attempt to encourage transit use and reduce dependency on motor vehicles, the City of Toronto has passed an initiative requiring Developers building condos on Toronto transit lines to buy every unit an annual TTC Metropass in order to obtain condominium approval from the city. ...
Posted by Sara Kareer
on December 7, 2009
TORONTO REAL ESTATE BOARD (TREB) MARKET WATCH REPORT FOR NOVEMBER 2009
GTA Home Sales Remain Strong in November
Greater Toronto REALTORS® reported 7,446 sales in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic ...
Posted by Sara Kareer
on December 3, 2009
These are some great tips to take the Stress Out of the Home Buying process, written by a Realtor in the U.S. Take a deep breath and relax...when you buy a home with SARA, you have nothing to worry about.
Via Fox Cities Real Estate Hotline--- Bob Edwards- Appleton, WI (Coldwell Banker- The Real Estate Group):
Buying a home should be fun, not stressful. As you look for your dream home, ...
Posted by Sara Kareer
on November 2, 2009