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A lender discounts five-year variable mortgage !

Tuesday May 15th, 2018

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A lender discounts five-year variable mortgage rate amid heated competition TD Bank is looking to attract more homebuyers with a hefty discount to its variable mortgage rate as competition among Canada's biggest lenders heats up. The Toronto-based lender decreased its five-year variable closed rate to 2.45 per cent, or 1.15 per cent lower than its prime rate, for the month of May. TD's special rate offer comes roughly one week after the Bank of Montreal discounted its... [read more]

Making A Small Room Seem Bigger to Buyers!

Friday Mar 03rd, 2017

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When you’re putting your property on the market, you want to make it seem as big and comfortable as possible. After all, buyers are attracted to space. However, you probably have at least one room in your home, and perhaps even more, that feels small and a little cramped.   Of course you don’t want the buyer’s first impression of the room to be its size. Since it isn’t practical to be knocking down walls and renovating, what should you do? Here are some ideas... [read more]

WHY DO WE CLEAN IN THE SPRING? The Fascinating and Funky Origins of Spring Cleaning.

Friday Mar 03rd, 2017

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WHY DO WE CLEAN IN THE SPRING?  The Fascinating and Funky Origins of Spring Cleaning. In times past, when people kept their houses shut tight against the cold of winter, heated them with coal and oil and wood, and lighted them with candles, the coming of spring signaled a welcome opportunity to make a dingy habitation fresh again. On the first warm, dry day of the season, everybody in the family—that is, everyone in the family who had survived the ravages of the cold... [read more]

Government Programs for Home Buyers

Friday Mar 03rd, 2017

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Government Help For First-Time Home Buyers   Home Buyer’s Plan (HBP): This federal program allows you to borrow up to $25,000. from your RRSP, tax free to fund your purchase. If you and your spouse qualify, you can each borrow $25,000. for a total of $50,000. this money must have been in your RRSP for at least 90 days. Here’s how it works….   Qualifying for the HBP: You must not have lived in a home owned by you or your spouse in the last 5... [read more]

Wood Burning Fireplace Maintenance

Friday Mar 03rd, 2017

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WOOD-BURNING FIRE PLACE MAINTENANCE   When buying a home it’s always wise to have the chimney and fireplace checked by a professional to make sure it’s in good working order If you do your own checks and maintenance, a few helpful hints:   Chimney Caps: A cap fitted with wire mesh covers the hole at the top of the chimney. It keeps rain, birds, animals, debris, etc. from entering…repair or replace is this cap is missing.   Inspect Masonry... [read more]

10 Things to Know before Selling your House!

Friday Mar 03rd, 2017

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This top ten checklist was created to help you make your house more desirable t buyers when you put it on the market. The most important thing to do for your sanity and peace of mind is to start to disassociate yourself with your home. For some, more than others, this can be a challenge. Selling your home can be emotional. However, I suggest that you make the mental decision to let go of your emotional attachment to your “home,” and think of it as a “house” and focus on... [read more]

10 Things You Should Know before You Buy a House!

Friday Mar 03rd, 2017

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Times are indeed tougher these days and we are all ardently watching our dollars. While banks are not as quick to lend money as they were a few years ago, this doesn’t mean, however, that you shouldn’t consider purchasing a home if you don’t own one already. The interest rates are still very low and the affordability is definitely there. In fact in some cases, it is cheaper to own than to rent. If you’re in the market for a new home, now just may be the perfect time to... [read more]

10 Things You Should Know before You Buy a House!

Friday Mar 03rd, 2017

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Times are indeed tougher these days and we are all ardently watching our dollars. While banks are not as quick to lend money as they were a few years ago, this doesn’t mean, however, that you shouldn’t consider purchasing a home if you don’t own one already. The interest rates are still very low and the affordability is definitely there. In fact in some cases, it is cheaper to own than to rent. If you’re in the market for a new home, now just may be the perfect time to... [read more]

CMHC Mortgage Insurance Premiums to Increase!

Friday Mar 03rd, 2017

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CMHC to Increase Mortgage Insurance Premiums OTTAWA, April 2, 2015 — As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its homeowner mortgage loan insurance premiums for homebuyers with less than a 10% down payment. Effective June 1, 2015, the mortgage loan insurance premiums for homebuyers with less than a 10% down payment will increase by approximately 15%. For the average Canadian homebuyer who has less than a 10%... [read more]

What to Consider When Buying a Houme

Friday Mar 03rd, 2017

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What to consider when buying a home… If you are a first time home buyer or purchasing after a major life change, you should be sure your home can grow with your changing family.  Much time and effort goes into purchasing and decorating a new home, so you want to be sure it will be right for you for years to come. You want your home to give you enjoyment now and be functional both now and in the future.  Size A two bedroom home may suit you for the moment, but if... [read more]

Costs & Value Benefits of Owning a Home

Friday Mar 03rd, 2017

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There is no doubt that one of the more pleasant and exciting times for most people is when they have decided to buy a home. This excitement exists whether or not you are buying for the first time or the fourteenth time. There is no doubt that the experienced home buyer has a relatively good idea as to what it costs to buy a home today. However if it has been a long time since you last bought a home, you may have forgotten or not be aware of the associated costs involved A lot of people... [read more]

Costs to Consider When Buying a House

Friday Mar 03rd, 2017

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COSTS AND CONSIDERATIONS WHEN BUYING A HOME In the excitement of beginning a search for a home, many people jump right in without considering all of the elements that make a home truly right for them. It is a complicated and personal process. An unsuitable choice can be costly in many ways – you could lose money, waste time and effort relocating, or even put your family’s health in danger. The following are some things to consider when identifying your ideal home and planning a... [read more]

Buying an Older Home… Money Pit or Charming?

Friday Mar 03rd, 2017

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CHARM, CHARACTER, AND POTENTIAL MONEY PIT: TIPS ON BUYING AN OLD HOUSE For some buyers, it’s hard not to fall in love with the special charm and character that old houses offer such as gabled roofs, hardwood floors, crown moldings, and more. Old homes can also be attractive as affordable fixer-uppers and charming B&B establishments with their unique architecture and Old World craftsmanship rarely found in newer homes. These homes often feature plastered walls, leaded glass... [read more]

Building a New House

Friday Mar 03rd, 2017

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Building a New House Finding the perfect combination of house and location can often be a challenge. Perhaps you have found a lot with a lovely view, privacy and mature vegetation. The only problem is the house. The World War II-era foundation is cracked, the kitchen is the size of a closet and none of the bedrooms will accommodate your furniture. Rather than passing up the purchase, consider whether it is feasible to renovate or rebuild. Once you have done a careful analysis of the... [read more]

Brick Houses

Friday Mar 03rd, 2017

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Brick Maintenance Brickis one of the world’s oldest building materials and one of the most enduring. It is fireproof as well as pest and weather resistant. Because brick does not require painting and never warps, rots or fades, brick homes built hundreds of years ago are still standing and with some maintenance they can look as attractive as the day they were built. There are two components to brick structures: the brick itself, and the mortar. Brick is made mainly from clay with... [read more]

Neighbourhood Bully!

Friday Mar 03rd, 2017

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Neighbourhood Bully……. If you are currently in a Seller’s market where there is more buyer interest than home inventory, you may have heard the term “Bully Offer” being applied to offers on homes that appear on the market and then are sold almost immediately. A bully offer—an offer that tends to exceed the listed price of the home and is presented before the originally agreed-upon offer date-is sometimes put forth by a potential Buyer in hopes... [read more]

9 Ways to Plan Ahead for A New House

Friday Mar 03rd, 2017

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9 Ways to Plan Ahead For A New House There are many advantages to purchasing a new home: buyers are able to build equity, to enjoy the pride of ownership, and to obtain accommodation that is often larger and/or more luxurious than what is available to rent. Property has also proven to be a relatively safe and profitable investment in the wake of the technology stock plummet of 2000 and the Enron and Worldcom scandals. If you are planning to buy a home within the next few weeks or months,... [read more]

Can I Afford to Buy a House?

Friday Mar 03rd, 2017

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“But I can’t afford to buy….” Many people would like to start building equity in their own home, but are held back by concerns about cost. In fact, the Canada Mortgage & Housing Corporation estimates that 40 per cent of renters in Canada today can afford to buy their own home. If affordable housing options are available to nearly half of all renters, what’s holding them back? Sometimes the media reports of housing prices can give a misleading impression... [read more]

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