October Newsletter Featuring 27 Tips You Should Know To Get Your Home Sold Fast and For Top Dollar

The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://www.bramptonhomeinfo.com/gold_newsletter.asp

Each month, we publish a series of articles of interest to
homeowners — money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you.  Please feel
free to pass these articles on to your family and friends.

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This month’s features…

FEATURE REPORT:
– Selecting a New Water Heater

ALSO THIS MONTH:
– 27 Tips You Should Know To Get Your Home Sold Fast and For Top Dollar
– Important Tips To Keep Your Home Safe

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*** THERE’S MORE ON THE WEB… http://www.bramptonhomeinfo.com ***

Hire My Entire Team For LESS Than the Price of One Agent:
http://www.bramptonhomeinfo.com/team.asp

FREE Quick Over-the-Net Evaluation:
http://www.bramptonhomeinfo.com/homeeval.asp

Find Out What the Home Down the Street Sold For:
http://www.bramptonhomeinfo.com/gold_findout.asp

How To Beat Out Other Buyers to Hot New Listings:
http://www.bramptonhomeinfo.com/vip_buyer.asp

Ask One of Our Experts Your Real Estate Question:
http://www.bramptonhomeinfo.com/gold_askexpert.asp

Find Out How Much You Can Afford In Your Next Home:
http://www.bramptonhomeinfo.com/silver_mortgagecalc.asp

September Newsletter Featuring 11 Things You Need to Know to Pass Your Home Inspection


If you are thinking about selling your house, visit www.EvaluateMyHome.ca and www.27TipsForSale.com

 If you are thinking about buying a home, visit www.JustListed.to
 
The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://ruthballantyne.com/redir.asp?page=gold_newsletter.asp&t=sicNews

Each month, we publish a series of articles of interest to
homeowners — money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you.  Please feel
free to pass these articles on to your family and friends.

—————————————————————–
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aL922QQjfjDfcmfk
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This month’s features…

FEATURE REPORT:
– Can Your Kitchen Pass the Food Safety Test?

ALSO THIS MONTH:
– 11 Things You Need to Know to Pass Your Home Inspection
– 10 Questions To Ask When Choosing A Financial Planner

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*** THERE’S MORE ON THE WEB… ruthballantyne.com ***

Hire My Entire Team For LESS Than the Price of One Agent:
http://ruthballantyne.com/redir.asp?page=team.asp&t=sicNews

FREE Quick Over-the-Net Evaluation:
http://ruthballantyne.com/redir.asp?page=homeeval.asp&t=sicNews

Find Out What the Home Down the Street Sold For:
http://ruthballantyne.com/redir.asp?page=gold_findout.asp&t=sicNews

How To Beat Out Other Buyers to Hot New Listings:
http://ruthballantyne.com/redir.asp?page=vip_buyer.asp&t=sicNews

Ask One of Our Experts Your Real Estate Question:
http://ruthballantyne.com/redir.asp?page=gold_askexpert.asp&t=sicNews

Find Out How Much You Can Afford In Your Next Home:
http://ruthballantyne.com/redir.asp?page=silver_mortgagecalc.asp&t=sicNews

Breakfast with Brampton’s Mayor Susan Fennell

At this mornings Business Breakfast with Mayor Fennell excitement was in the air as the Mayor and the Guest Speaker Omar Rashid, Director Municipal Government Strategy, Microsoft Canada spoke confidently about Brampton and its future. Mr. Rashid gave us insight into Brampton’s website. It seems that it was awarded the Most Innovative Website at a conference in Spain and the Best Use of Social Media at a conference in Norway. He described it as unique because the City Focuses on Customer Service Strategy treating residents as customers and not just on Citizens.

He also praised Mayor Fennell for addressing the Ash Center for Democratic Governance at Harvard. Mayor Fennell also addressed 36,000 employees of Microsoft.

We also had an update on the Launch of the ZUM bus. The Queen St. Service from Downtown to York University will launch September 20, 2010. The Main St. Service from Sandalwood to Square One will launch in Fall 2011 and the Steeles Service from Shoppers World to Humber College will begin in 2012.

The Mayor invited everyone to come out to the Investor Group Thursday Night Concert Series at Gage Park this Thursday Night. This is the last in the series featuring The Brampton Concert Band and The Lorne Scots.

She also invited everyone to The Second Annual Charity Pancake Breakfast served by all of the Brampton City Council on Saturday September 11, during the Brampton Farmers’ Market to help raise funds in support of the Asian Flood relief. Enjoy two large pancakes with real maple syrup and coffee or juice for just $5.00.

Market More Balanced in June

July 6, 2010 — Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.

“We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year,” said Toronto Real Estate Board President Bill Johnston. “The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates.”

The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009.

“With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The annual rate of average price growth in the second half of 2010 will be in the single digits.”

For the GTA (“905”) in June 2010 there were 5,014 sales with an average price of $413,712 compared to June 2009 with 6,593 sales and an average price of $379,008.

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.”

May Newsletter Featuring Cooling Your Home Naturally

The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://www.bramptonhomeinfo.com/gold_newsletter.asp

Each month, we publish a series of articles of interest to
homeowners — money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you.  Please feel
free to pass these articles on to your family and friends.

—————————————————————–
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aKvpXSpq5q3BB5q
—————————————————————–

This month’s features…

FEATURE REPORT:
– Cooling Your Home Naturally

ALSO THIS MONTH:
– The 9 Step System To Get Your Home Sold Fast and For Top Dollar
– Tips on Selecting a Contractor For Home Improvement

—————————————————————–
*** THERE’S MORE ON THE WEB… http://www.bramptonhomeinfo.com ***

Hire My Entire Team For LESS Than the Price of One Agent:
http://www.bramptonhomeinfo.com/team.asp

FREE Quick Over-the-Net Evaluation:
http://www.bramptonhomeinfo.com/homeeval.asp

Find Out What the Home Down the Street Sold For:
http://www.bramptonhomeinfo.com/gold_findout.asp

How To Beat Out Other Buyers to Hot New Listings:
http://www.bramptonhomeinfo.com/vip_buyer.asp

Ask One of Our Experts Your Real Estate Question:
http://www.bramptonhomeinfo.com/gold_askexpert.asp

Find Out How Much You Can Afford In Your Next Home:
http://www.bramptonhomeinfo.com/silver_mortgagecalc.asp

Ruth Ballantyne is a sales representative with:
Re/Max Realty Services
295 Queen Street East,
Brampton On
L6W 3R1
Phone:  905-456-1000
Fax:    905-456-1924
Website: http://www.bramptonhomeinfo.com
EMail:  ruth@bramptonhomeinfo.com

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Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Active listings down in 81 per cent of markets in January

 

remax

Mississauga, ON (February 24, 2010) – Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. The threat of higher interest rates, tighter lending criteria, and in British Columbia and Ontario, the introduction of the new Harmonized Sales Tax (HST) have clearly served to kick-start real estate activity from coast-to-coast, prompting an unprecedented influx of purchasers. As a result, 87.5 per cent of markets posted an increase in sales in January. Average price appreciated in 81 per cent of markets surveyed.

“There have never been so many motivating factors in play at once,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “We’re in for a heated Spring market that will, in all probability, spill over into the summer months, as the window of opportunity draws to a close. The supply of homes listed for sale has been drastically reduced, housing values are once again on the upswing, and banks and governments are moving in unison toward stricter lending policies.”

Read the whole press release…

Continue reading “Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX”

Great Mid February Results in the GTA

GTA REALTORS® REPORT MID-FEBRUARY RESALE HOUSING MARKET FIGURES

TORONTO, February 18, 2010 — Greater Toronto REALTORS reported 3,555 sales through
the Multiple Listing Service during the first two weeks of February.

This represented a 74 per cent increase compared to the 2,044 sales recorded during the
same period in 2009 when resale transactions had dipped due to the recession. The
February mid-month sales total was also 7.7 per cent above the previous high set in 2006.
“Home ownership demand remains strong in the GTA, as households remain confident
that economic recovery is at hand and that ownership housing will continue to be a
quality long-term investment,” said Toronto Real Estate Board President Tom Lebour.
The average price for February mid-month transactions was $429,997 – an 18 per cent
increase over 2009. New Listings within the Toronto Real Estate Board boundaries were
up 15 per cent to 6,212.

“Double-digit price increases will persist through the first quarter of the year,” said Jason
Mercer, TREB’s Senior Manager of Market Analysis. “However, as new listings continue
to increase creating a better supplied market, we will see the annual rate of price growth
moderate into the single digits.”

Summary Of February Sales And Average Price

February
2010 2009

                                             Sales     Average Price   Sales    Average Price
City of Toronto (“416”)         1,430     $471,958            816     $400,467

Rest of GTA (“905”)             2,125     $401,760          1,228     $341,013

GTA                                      3,555       $429,997         2,044     $364,748

Source: Toronto Real Estate Board

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics
and share a state-of-the-art Multiple Listing Service. Serving over 29,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.

E-Blast from CAAMP re: Mortgage Changes

MORTGAGE INSURANCE RULES ANNOUNCEMENT

This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. CAAMP was actively engaged in the discussions around these changes which are as follows:

All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term;
The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one’s home;
Non-owner occupied properties will require a minimum down payment of 20%.
There were no changes to down payment requirements or length of amortizations for owner-occupied residences.

Beware: Mortgage penalty can be a terrible shock

Beware: Mortgage penalty can be a terrible shock

 

shock

 
I have come across quite a few people who have wanted to sell their home recently. Unfortunately many of them got quite a shock when we went through the numbers to identify their “NET”.

Continue reading “Beware: Mortgage penalty can be a terrible shock”