Statistics Canada information helps us understand potential housing trends and opportunities…
Have a look at these two graphs. You will note that the lion’s share of the Baby Boomer generation is still a number of years away from downsizing out of their family home, while those in their mid 20s to mid 30s are starting to have families and will be looking for more space. This […]
Eight Ontario Real Estate Boards Form Regional MLS® System!
This is exciting news for our clients! Eight Ontario real estate associations have joined together to create a regional shared MLS® data system. This represents MLS® based listings and sales data from more than 7,000 Realtors belonging to the following local boards: Brantford Regional Real Estate Association (BRREA) Cambridge Association of REALTORS® Inc. (CARI) Guelph […]
Knowledge is Power…
Knowledge is power. Knowledge shared is power multiplied. We want to share some facts with you that have to do with the single greatest investment that you will ever make – your ‘real property’ At a recent seminar, we learned that the most litigious matters today DO NOT deal with personal injury, but rather with […]
New Minimum Down Payment Rules Effective February 15, 2016
This past December, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance. Effective February 15th, the minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. The minimum down payment will remain at 5% for homes with a purchase […]
Putting Your Profits to Work…
The government has passed the contribution limit for (TFSA) Tax Free Savings Accounts into law! Starting in 2015 and during subsequent years, you can invest up to $10,000 annually. If you’re thinking about ways to invest your profits from a home sale, then this increase could become a part of your strategy. The Canadian government proposed raising the annual contribution […]
HST Rebate for New Homes
I just read an article by Toronto Real Estate lawyer Bob Aaron that reminds all of us to keep our information updated, so that we retain our right to the benefits of principal residence ownership and monetary incentives like the HST rebate for new homes. If you have not read the article, here is a link to it: The […]