Bramalea Beauty – 54 Meadow Bush Court, Brampton

1184291Welcome to 54 Meadow Bush Court in Brampton. This lovely 4 bedroom home is located on a family friendly court in a great neighborhood. Backing onto a wooded ravine with an extra deep backyard this makes for the perfect setting with lots of privacy, plenty of room to entertain family and friends and tons of room for the kids to play. As you approach this family home you will notice the extra wide driveway with added parking for that leisure vehicle or additional family car. The front interlocking walkway with flower gardens will lead you to the front porch where you will enter this lovely home through the front door with stained glass insert. The sunken front foyer with ceramic floor takes you to the conveniently located 2pce powder room with pedestal sink, crown moulding and side window. The foyer also has a double door coat closet with organizer and there is an entrance to the double car garage with remote openers. The gleaming hardwood floor in the main hallway will lead you to the sun filled kitchen at the back of the house. This family sized eat-in kitchen overlooks, and has a great view of the backyard and wooded ravine. The large windows across the back add tons of sunlight and the patio door walk-out takes you to the backyard patio with gazebo, great for BBQing and entertaining family and friends. This lovely kitchen also boasts a ceramic floor, ceramic backsplash, plenty of oak cupboards, built in oven, gas countertop stove, built-in dishwasher, double sink, ceiling fan, and an entrance to the basement. Giving a great open concept feel the kitchen overlooks the main floor family room. It features hardwood flooring, a gas fireplace, crown moulding and a practical second patio door walk-out to the backyard patio. You will also find on the main floor a separate formal living room and dining room each with double french doors, hardwood flooring and crown moulding. The dining room also has a single french door that opens up to the kitchen which is perfect for entertaining. A mirrored accent wall and 2 side windows are also in the dining room. The living room overlooks the front yard and features a bright bay window. The staircase will lead you to the upper hallway where you will find 4 bedrooms all with broadloom flooring. The elegant master bedroom is located at the front of the house and has 3 nice windows making this room bright and airy. There is crown moulding, a walk-in closet with closet organizer, and a 4pce ensuite bath which has been updated with ceramic floor, all ceramic walls, pot lights, crown moulding and a Jacuzzi tub. The second bedroom also overlooking the front yard has a nice bay window and also features a walk-in closet. The third bedroom overlooks the backyard and ravine. It features the third walk-in closet making for lots of extra storage space, and the fourth bedroom is also located at the back of the house. Upstairs you will also find the main 4pce bath with ceramic floor and walls and a linen closet in the hallway. With two patio door walk-outs this extra deep backyard is perfect for entertaining family and friends and has tons of room for the kids to play. With lots of privacy, fully fenced, mature trees, a patio area, and you can enjoy nature right in your own backyard. For convenience and low maintenance there are underground sprinkler systems in the front & back with rain sensors. The open concept unfinished basement is awaiting your own personal touches, it features a laundry room, cold room, storage, and already has a rough-in for a 3pce bath and gas fireplace. This terrific family home has been immaculately maintained and shows true pride of ownership, it has many other great features such as: central air conditioning, central vac, alarm, garage door opener, and is located close to shopping, schools and much more. All appliances (except freezer in basement), window coverings, and electric light fixtures are included.

Brampton Bungalow, 118 Royal Orchard Drive, Brampton

118 Royal Orchard Drive, BramptonWelcome to 118 Royal Orchard Drive in Brampton. This cozy detached raised bungalow will make the perfect home for retirees, anyone looking to downsize or even someone just starting into home ownership. As you approach this home you will notice right away the double car garage and private double driveway. The interlocking brick walkway leads you to the front door with glass insert. When entering you step onto the ceramic floor in the open foyer which has a convenient coat closet. From the foyer you can go up a few steps into the open concept main floor or down a few steps to the finished lower level. This open concept design allows for lots of lights and the main floor boasts a practical living/dining room combination which spans from the front of the house to the back. It features broadloom, bright windows, is open to the kitchen and also overlooks the backyard. The eat-in kitchen is located at the back of the house and has a ceramic floor & ceramic backsplash, B/I dishwasher, double sinks and the patio door walk-out takes you to the lovely deck which is perfect for entertaining family & friends in the summer. The backyard is fully fenced, landscaped and has a garden shed. Also located on the main floor is the master bedroom which offers nice storage space as it features a double closet and a single closet. It has broadloom flooring and a ceiling fan. The main 4pce bath has ceramics, and there is a linen closet located outside the bathroom. As you go down to the finished lower level you will enter the large rec room, perfect for family gatherings. It has broadloom flooring, a ceiling fan, 2 windows and a storage closet. The hallway leads you to the second bedroom with broadloom, a window, closet & also has a ceiling fan. The second 4pce bathroom also features ceramics. If you need extra storage there is a practical laundry/furnace room that has great storage space. This home has been well maintained and has other great features such as: central air conditioning, central vac, alarm, garage door opener, and is located close to shopping, schools and much more. All appliances, window coverings, and electric light fixtures are included.

Do you want to Sell your home and Save the Commission.

I found this an interesting piece from the National Association of Realtors.  Why do  you think the average sale price for For Sale By Owners is $40,000 less?  Do you think is it because the Sellers don’t know the market?  Do you think it is because people who have less expensive homes want to save the commission more than those with higher priced homes?  Do you think that people who buy from a FSBO are as interested or more in saving the commission and getting a better deal?  Do you think that someone who does not negotiate for a living is not as good at it as someone who does?  Food for thought.

What FSBO's Should Know

Great Idea for our Brampton Neighbourhoods

I thought this was such a great idea I posted it on facebook and others said they would like one in there neighbourhood too. I thought I’s share it here too.

Remodeling, decorating, and more ∨From Shabby Chic home decorations to contemporary furniture and the perfect wall mirror, browse thousands of decorating ideas to inspire your next home project.
From wallpapers to wall stencils, fabrics to room dividers, design doesn’t stop at construction.

U.S. Housing ReCap -2013 with Margaret Kelly, CEO RE/MAX International Inc.


I listened to a webcast today and Margaret Kelly, CEO RE/MAX International.  She had some very possitive comments regarding the U. S. Housing Market.  She was pleased to announce that this is the 18th straight month that the market has improved.  She also reinforced the fact that prices are increasing and that Inventory is low.  It was interesting to note that she feels that more than 33% of the market is still depressed but that it should not have the same effect on prices as a few years ago because of the low inventory.

Recapping the 45 minute Webinar.  She was confident on an improving market because of:

Strong Demand for Housing

Low Inventory

Low Interest Rates

Increasing Prices


Looks like the U.S. is finally in recovery and expecting a good year in 2013.

Update from the Canadian Real Estate Association

New post on CREA News

Canadian home sales little changed in December
by pleduc

Ottawa, ON, January 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was little changed on a month-over-month basis in December 2012, holding it in line with levels reported in August when demand first geared down in the wake of tighter mortgage lending rules.

•National home sales edged 0.5% lower from November to December.
•Actual (not seasonally adjusted) activity down 17.4% from December 2011.
•Number of newly listed homes dropped 1.3% from November to December.
•Canadian housing market remains firmly in balanced territory.
•National average sale price up 1.6% year-over-year in December.
•MLS® HPI up 3.3% in December, the smallest gain since April 2011.

The number of home sales processed through the MLS® Systems of real estate Boards and Associations in Canada edged down 0.5 per cent on a month-over-month basis in December 2012. While sales activity was little changed nationally, it picked up in just over half of all local markets in December.

“National sales activity continues to hold fairly steady at lower levels since mortgage rules were changed earlier in 2012, but there are still some real differences in trends between and within local housing markets,” said CREA President Wayne Moen. “As always, all real estate is local, so buyers and sellers should speak to their REALTOR® to appreciate how the housing market is shaping up where they live or are considering living.”

Actual (not seasonally adjusted) activity came in 17.4 per cent below December 2011 levels. Four of every five local markets posted a year-over-year declines in sales activity in December. Calgary remained a notable exception, with activity there having risen seven per cent year-over-year.

Sales were handicapped by December 2012’s five full weekends, since far fewer transactions take place on weekends. This trading day effect is among factors taken into account by seasonal adjustment.

“Similar to what we saw in September, December sales had fewer business days compared to the same month last year and most other years,” said Gregory Klump, CREA Chief Economist. “It factored into December’s year-over-year decline in sales activity.”

A total of 453,372 homes traded hands over Canadian MLS® Systems in 2012. This was down 1.1 per cent from annual activity in 2011, and 1.4 per cent below the 10-year average (2002 through 2011).

This marks the fifth straight year that annual home sales activity has held to within short reach of 450,000 units. “Successive rounds of tightening mortgage regulations have kept the housing market in check during what has become an extended low interest rate environment,” said Klump.

The number of newly listed homes fell a further 1.3 per cent month-over-month in December. Combined with monthly declines of 1.1 per cent in November and 4.1 per cent in October, new supply reached its lowest level since March 2011.

While Greater Toronto posted the largest decline, new listings were down in half of all local markets in December including Greater Vancouver, the Fraser Valley, and Vancouver Island.

“The decline in new supply may reflect purchase offers below asking price that are made to sellers who are under no pressure to sell. Instead they choose to take their homes off the market once their listing expires,” Klump said. “In the absence of economic stresses like a spike in interest rates or a sharp drop in employment, this dynamic can be expected to keep the housing market in balance.“

With sales and new listings moving lower, the national sales-to-new listings ratio was little changed at 50.8 per cent in December compared to 50.4 per cent in November. Based on a sales-to-new listings ratio of between 40 to 60 per cent, three out of every five local markets were in balanced market territory in December.

The number of months of inventory is another important measure of balance between housing supply and demand. It represents the number of months it would take to sell current inventories at the current rate of sales activity, and it too was little changed in November.

Nationally, there were 6.7 months of inventory at the end of December 2012, unchanged from its reading at the end of November. The number of months of inventory nationally has remained close to 6.6 months since August 2012.

The actual (not seasonally adjusted) national average price for homes sold in December 2012 came in just under $352,800, representing an increase of 1.6 per cent from December 2011. The national average price continues to be influenced by fewer sales in Greater Vancouver and Greater Toronto compared to the same period a year earlier. Excluding these two markets from the national average price calculation yields a year-over-year increase of 3.3 per cent.

The 2012 national average price for homes sold through the MLS® Systems of real estate Boards and Associations in Canada was $363,740, up 0.3 per cent from 2011. Netting Greater Vancouver and Greater Toronto from the annual figure yields a gain of 2.8 per cent.

Unlike average price, the MLS® Home Price Index (MLS® HPI) is not affected by changes in the mix of sales, so it provides the best gauge of Canadian home price trends.

The Aggregate Composite MLS® HPI rose 3.3 per cent on a year-over-year basis in December. This marks the eighth time in as many months that the year-over-year gain shrank and is the slowest rate of increase since April 2011.

Year-over-year price gains decelerated in for two-storey single family homes (+4.0 per cent) and apartment units (+1.2 per cent). By contrast, year-over-year growth accelerated in the townhouse/row segment (+2.0 per cent).

Price growth was unchanged from November’s reading for one-storey single family homes (+4.9 per cent).

The MLS® HPI rose fastest in Regina (+10.5% year-over-year), although the increase was the smallest since March. Price growth also moderated in Greater Toronto (+4.1% year-over-year) and in the Fraser Valley (+0.5% year-over-year).

By contrast, the MLS® HPI saw year-on-year growth accelerate in Calgary (+7.4%) and Greater Montreal (+3.3%). In Greater Vancouver, the MLS® HPI posted a 2.3 per cent year-over-year decline in December.

– 30 –

PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales information from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighborhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 106,000 REALTORS® working through more than 100 real estate Boards and Associations.

Further information can be found at

pleduc | January 15, 2013 at 9:00 am | URL:

Peel Region Releases Affordable Ownership Program

Earlier this month the Region of Peel again released its grant for HomeBuyers. This is an opportunity for you to get a downpayment on a house from the Region and have it act as a grant not a loan if you stay in the house for 20 years. There are 50-100 grants available and you have to have a prequalification from a bank in order to apply. This year there will be no waiting list for this program. Once the funds have been allocated the program will end. Here are the Details:

Only 50 to 100 people will be giving this opportunity this release.
Max price 280,000
Max income 80,000
Amount received. 15,000
Requirements :
Must have pre approval from CMHC approved lender
Rental letter or tenant agreement from landlord for proof of rental.
2010 NOA notice of assessment
proof of income Letter of employment ,Pay stubs, T4
2 pieces of ID
loan is for 20 years then forgiven.
If sale takes place client pays back loan plus 5% of increase of valve of home.
If home is sold for same price loan is forgiven.

Here are the requirements copied from the Region of Peel Website at

What is the Affordable Home Ownership Program?

The Region of Peel’s Home in Peel Affordable Ownership Program is designed to provide low-to-moderate income residents who are currently renting a unit with the opportunity to qualify for down payment loan assistance.

This program will assist eligible applicants who have a total gross (pre-tax) household income of $80,000 or less to purchase a home in the Region of Peel (Brampton, Caledon or Mississauga) that does not exceed a purchase price of $280,000.

Participant Eligibility
•Applicants must be 18 years of age or older
•Applicants must not own or have an interest in another residential property in Canada or elsewhere
•The home must be the sole and principal residence of the purchaser
•The applicant must currently be renting and looking to buy a sole and principal residence
•The applicant must have a total gross (pre-tax) household income not exceeding $80,000
•The applicant must be able to obtain a mortgage pre-approval from a Canada Mortgage and Housing Corporation (CMHC) approved and insured lender and must submit it with their application
•Participants may not include anticipated rental income from a portion of the property in order to obtain a mortgage
•The applicant must be able to pay all additional closing costs
•The applicant must supply all necessary documentation to the Region of Peel

Eligible Homes

Due to unpredictability of closing dates, new homes will not be eligible for purchase under the Home in Peel program.

Participants may purchase:
•resale detached homes
•row homes
•town (condominium or freehold) stacked homes
•high-rise condominium units

Duplex, triplex or mobile homes do not qualify as eligible homes under the Home in Peel program.

For a home to be eligible, it must be modest in size relative to the community, in terms of floor area and amenities, as determined by the province or the service manager.

The maximum house price for program participants in the Region of Peel is $280,000.

The Down Payment Loan

The down payment assistance will be up to $15,000.

Repaying the Loan

The down payment loan is for a 20-year period and no interest is charged if:
•The home remains the sole and principal residence of the owner. The home is not to be rented, leased or sold in the 20-year period.
•On the 20th anniversary date of the agreement, the loan is automatically forgiven provided there has been no default.

Repayment of the loan is required when:
•The home ceases to become the sole and principal residence of the owner.
•The home is sold before the 20-year affordability period.

If during the 20 year affordability period, the property is resold, transferred, or otherwise disposed, and an appreciation in value is incurred, the purchaser will be required to pay back to the Region of Peel the loan and 5% of the appreciation.

If the home is sold for less than the original purchase price, the owner does not pay appreciation and the principal is forgiven (the sale must be at fair market value and must be an arm’s length transaction).

Other Costs for the Purchaser

The purchaser is expected to pay the following:
•Closing costs
•Inspection of the home prior to firm offer of purchase and sale
•Lawyer’s fees
•Land Transfer Tax

What is Needed to Qualify for the Home in Peel Program?

Interested applicants must complete the application form (PDF 333 KB, 8 pages) and provide all supporting documentation and return it to the Region of Peel.

As funding for this program is limited, participants are selected on a first-come, first-serve basis. Once an application is received, a letter confirming eligibility will be sent within 15 business days. There is no wait list for this program; once all funding has been allocated, all remaining applicants will be notified by letter that the program has ended.

Call me at 905-456-1000 ext 3344 for more details.

Home Essentials June 2011

Here are some helpful tips from my Market Leader June Newsletter. If your moving this summer its a quick and easy read and May be helpful for you.

Summer Moving Tips
School’s out, the weather’s nice, and home buying season is in full swing. No wonder summer is the hottest time for millions of Americans to make their move. By preparing ahead of time, you can help make this adventure as stress-free as possible.

Plan ahead – If you plan to use a mover, shop around to get the best rates—check their credentials and policies, and make sure they have a good rating with the Better Business Bureau. Fill out a change of address form and notify banks, creditors, and utility companies of your move.

Organize and purge – Take inventory and get rid of any items you haven’t used in the past year. Plan a garage sale or donate these to charity. You’ll reduce the total weight and the cost of your move.

Get plenty of supplies – Order boxes, tape, bubble wrap, markers, and specialty containers including dish barrels and wardrobe boxes. Chances are you’ll need more than you anticipate and you can eliminate a last-minute trip to the store on moving day. Also, many places will allow you to return unused supplies.

Pack carefully – Pack one room at a time and label or color-code each box. Because of the summer heat and moisture, reinforce the bottoms of all the boxes you pack by doubling up on the tape. Wrap up electronics with bubble wrap or cloth. If you’re moving freezers or refrigerators, be sure to defrost them. Secure drawers from opening during transit. Label boxes with fragile items and place them on top.

Keep valuables close – Keep your jewelry, medications, passports, and important papers close by to ensure they don’t get lost. If possible, these items should travel in your car during the move.

Make a final walk-through – After you’ve packed, do a final walk-through and get another family member to double check to make sure you don’t forget anything. Also, lock all the doors and windows, and turn off the lights.

Remember, moving days can be long and tiring. Make sure you stock a cooler with snacks, bottled water, and refreshments to keep you energized and help beat the heat!

Congratulations to BREB Members, Ruth Ballantyne & Rui Alves, recipients of the 2011 REALTORS Care Foundation Fellowship Awards!

Congratulations to BREB Members, Ruth Ballantyne & Rui Alves, recipients of the 2011 REALTORS Care Foundation Fellowship Awards!
.by Brampton R. E. Board on Thursday, March 3, 2011 at 9:18am.Congratulations to BREB Members, Ruth Ballantyne (2011 Past President) of Re/Max Realty Services Inc. and Rui Alves of IP HOLDING REALTY LTD. who were recipients of the 2011 REALTORS Care Foundation Fellowship Awards. Awards were presented at the OREA Conference yesterday. Members of the fellow program align themselves with the Quality of Life Principles that the OREA Board of Directors have identified and defined as key life principles related to the real estate profession. Foundation fellows are committed to improving the quality of life in Ontario communities by supporting growth that encourages economic vitality, working to provide the opportunity to have a home and building communities. For more information about the REALTORS Care Foundation and becoming a foundation fellow, please visit (Taken from BREB Facebook Page)

Congratulations Rui and Ruth

New Fianancing Rules

Here is an article that outlines the new rules and how they will affect you if you have a mortgage of $300,000. If you can buy before March 18th you will save about $105 per month on a 300k mortgage. Call me if you want to move before the changes.

Financial Planning

New mortgage rules aimed at curbing soaring household debt

Amortization periods will be reduced to 30 years from 35

Monday, January 17, 2011

By Julian Beltrame


Source: The Canadian Press

The federal government is making home ownership more difficult for Canadians on the margins of affordability, and moved to cut off some types of borrowing.

The new measures were necessary, Finance Minister Jim Flaherty said Monday, because a minority of Canadians are “borrowing to the max.”

It is the third time in three years that the finance minister has acted to restrain credit at a time of historically low interest rates.

The new rules reduce the amortization period to 30 years from 35, reducing the amount Canadians can borrow on their first home.

The measure, which comes into effect on March 18, will increase the monthly payment on a $300,000 mortgage at four per cent by $105, according to the government.

As well, Ottawa has lowered the limit on how much money Canadians can borrow using their homes as equity to 85% of the value from 90%.

And the government will no longer insure lines of credit secured on homes as if they were mortgages.

The minister made clear there is not a debt crisis in Canada at the moment, even though household debt has reached a record 148 per cent of disposable income, a higher rate than currently exists in the United States.

But he said he was concerned that some Canadians were getting stretched and would feel the pinch when interest rates rise.

“We are responding to a situation that could develop,” he told a news conference, “and we want to avoid that.

“It’s obvious we could have gone farther. We have not touched down-payment requirements, for example. This is intentional. We are trying to strike the right balance so that we do not create any sort of shock in the market, or any sort of dramatic pressure in the market.”

Ironically, the measures open room for Bank of Canada governor Mark Carney to keep interest rates low for a longer period, given that the threat of runaway borrowing has been lessened.

The central bank next pronounces on interest rates Tuesday, but most analysts expect Carney to keep the policy rate at one per cent until at least late spring.

CIBC’s chief economist, Avery Shenfeld, said the impact overall on mortgage lending will be “marginal.”

“It’s the difference between somebody borrowing $200,000 and $180,000 or 190,000,” he said.

“More dramatic would have been to raise the down payment, which would have a larger impact on people’s ability to finance their first home.”

The Bank of Montreal’s Douglas Porter said the measures are the equivalent of raising interest rates by about half a percentage point, but more targeted.

“This is way a way of not affecting a lot of innocent bystanders, including the manufacturing and the tourism sector, by putting more upward pressure on the Canadian dollar,” he explained.

Flaherty said he moved on home-equity loans and lines of credit because some were not using the money to build equity on their residences, but on consumer spending.

“They are used to buy boats and cars and big-screen TVs, and that’s not the business mortgage insurance was designed for,” he said.

“Our measures will help improve the financial situation of households in Canada,” he added.

The tighter rules had been well flagged by both the federal government and the Bank of Canada, which have for months beat the drums on the risks of growing consumer debt.

In a speech earlier in the month, the bank’s deputy governor, Agathe Cote, noted home-equity loans as a share of overall household credit had risen by 170 per cent in the last decade.

The central bank has expressed concern that as Canadians pile on debt, not only do they expose themselves to coming higher interest rates or economic shocks, but they will no longer have sufficient disposable income to spend on other items, thereby potentially damaging the economy.

“If there were a sudden weakening in the Canadian housing sector, it could have sizable spillover effects on other areas of the economy, such as consumption,” Cote said.