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 […]
Home Prices Continue to Rise
According to the Teranet Home Price Index this month, Hamilton home prices are up 8.4% and Toronto is up 7.6%. In our humble opinion, the increase is fuelled by our record low interest rates combined with lower than average inventory of available homes.
Near Record September Property Sales
According to (Realtors Association of Hamilton-Burlington) RAHB’s MLS system statistics, 1207 properties sold through this Board in September. This number represents a 32.9% increase over last year and is just one sale short of the 2009 September record of 1208 homes sold. The average sale price was also 6.7% higher than last year. This may […]