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Asking Just $439,000.
ATTENTION INVESTORS,
Fantastic investment property with commercial space and three
apartments in "up and coming" Long Branch location.
Great cash flow and a 7% cap
rate. Call me today for more details.
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GTA REALTORS® Report Monthly Resale Housing
Figures
TORONTO, JUNE 3, 2010
- Greater Toronto REALTORS® reported 9,470
sales through the Multiple Listing
Service® (MLS®) in May, representing a one per cent dip from May
2009. In comparison to previous years,
this was the third highest May sales result on record.
"The pace of transactions slowed in May following
record setting sales in February, March
and April,” said Toronto Real Estate Board
President Tom Lebour. “Buyers who otherwise would
have been purchasing a home in May moved more quickly this
year, likely to get ahead of mortgage rate
hikes.”
New listings were up 38 per cent annually to 18,940.
The average price for May transactions was
$446,593 – up 13 per cent compared to the average of $395,609
recorded in May 2009.
"The gap between listings and sales has widened,
which means there is more choice for
buyers," said Jason Mercer, TREB's Senior Manager of Market
Analysis. “The annual rate of price growth
will slow in the second half of 2010, from the current double digit
pace into the single digits.”
Source: Toronto Real Estate Board
Please contact me for a
complete copy of the Market Watch Report
This is truly a great time to buy,
after all, interest rates are at an all time low. You are either going
to be paying your Landlord's mortgage or you will be paying your own
mortgage. Call me today for a no obligation meeting.

Ottawa,
February 16, 2010
The
Honourable Jim Flaherty,
Minister of Finance, today
announced a number of
measured steps to support
the long-term stability of
Canada's housing market and
continue to encourage home
ownership for Canadians.
"Canada's
housing market is healthy,
stable and supported by our
country's solid economic
fundamentals," said Minister
Flaherty. "However, a key
lesson of the global
financial crisis is that
early policy action can help
prevent negative trends from
developing."
The
Government will therefore
adjust the rules for
government-backed insured
mortgages as follows:
-
Require
that all borrowers meet
the standards for a
five-year fixed rate
mortgage even if they
choose a mortgage with a
lower interest rate and
shorter term. This
initiative will help
Canadians prepare for
higher interest rates in
the future.
-
Lower the
maximum amount Canadians
can withdraw in
refinancing their
mortgages to 90 per cent
from 95 per cent of the
value of their homes.
This will help ensure
home ownership is a more
effective way to save.
-
Require a
minimum down payment of
20 per cent for
government-backed
mortgage insurance on
non-owner-occupied
properties purchased for
speculation.
"There's no
clear evidence of a housing
bubble, but we're taking
proactive, prudent and
cautious steps today to help
prevent one. Our Government
is acting to help prevent
Canadian households from
getting overextended, and
acting to help prevent some
lenders from facilitating
it," said Minister Flaherty.
"If some lenders aren't
willing to act themselves,
we will act. These measures
demonstrate the Government
is committed to taking
action when necessary to
support the long-term
stability of a sector that
is so vital to our economy
and the financial well-being
of Canadian families."
These
adjustments to the mortgage
insurance guarantee
framework are intended to
come into force on
April 19, 2010.
For
fuller details please click here:
Financing Requirements
Strengthened

The 2009 Federal Budget as presented
on January 27th, 2009 offers some benefits
to Home Owners and Home Buyers as outlined
below.
Support
for Home Ownership and the Housing Sector
-
Implementing a
temporary Home Renovation Tax Credit
that will provide up to $1,350 in tax
relief, reduce the cost of renovations
for an estimated 4.6 million
Canadian families, and provide needed
stimulus to the economy.
-
Providing an
additional $300 million over two years
to the ecoENERGY Retrofit program to
support an estimated 200,000 additional
home retrofits.
-
Providing first-time
home buyers with additional access to
their Registered Retirement Savings Plan
savings to purchase or build a home by
increasing the Home Buyers’ Plan
withdrawal limit to $25,000 from
$20,000.
-
Assisting first-time
home buyers by providing up to $750 in
tax relief to help with the purchase of
a first home.
For
full details please click here:
2009 Federal Budget

December 13, 2007
ONTARIO EXPANDS LAND TRANSFER TAX REFUND PROGRAM
First-time buyers of resale homes to benefit from new tax
measure
The
Provincial government is giving
all first-time homebuyers a break on land transfer tax by
proposing to expand the Land Transfer Tax Refund Program to
include purchases of resale homes, Finance Minister Dwight
Duncan announced today.
"Expanding
this Land Transfer Tax refund is an important part of our
government's commitment to helping Ontarians buying their
first home," Duncan said.
Effective
midnight tonight, first-time buyers of resale homes, as well
as newly constructed homes, would be eligible for a refund
from the provincial government of up to $2,000 of the Land
Transfer Tax paid.
For more
information please click here:
Land Transfer Tax Refund Program X
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If
you
are thinking of SELLING
or BUYING Residential or Commercial Real Estate in
the Greater Toronto Area (Toronto, Mississauga,
Brampton, Caledon, Georgetown, Milton,
Oakville
and surrounding areas), I would be
please to work with you.
Please feel free to browse through my site and if you have
any further questions regarding the Selling or Buying
process or if you would like more information on my
services, please give me a call or simply send me an email. |
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Network" and the "Sold on a Cure"
for Breast Cancer Research Program |
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