Don Dennis*, Lorraine Hickling & Heather Park
Website: wehelpyoumovehome.com
Phone: 905-683-5000
Email: lorraine@wehelpyoumovehome.com
Don Dennis*, Lorraine Hickling & Heather Park |
"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world."
-Franklin D. Roosevelt
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Flaherty Tightens Mortgage Rules Amid Bubble Talk
By Alexandre Deslongchamps and Theophilos Argitis
Feb. 16 (Bloomberg) -- Canada’s Finance Minister Jim Flaherty today tightened rules in the country’s mortgage industry to ensure homebuyers can afford their purchases when interest rates rise.
Under the changes for government-backed mortgages, which take effect April 19, buyers will have to meet standards for five-year, fixed-rate mortgages even if they opt for variable rates. Limits on refinancing will be stricter and people buying a home that they don’t occupy must make a down payment of 20 percent. Read more . . .
Housing performance expected to accelerate in 2010, as economic stability returns to Canadian markets, says RE/MAX
Mississauga, ON (December 3, 2009) - In the midst of one of the most tumultuous economic periods in recent history, residential real estate has proven to be a safe harbour, with sales and average price expected to post gains in most major Canadian cities in 2009, according to a report released today by RE/MAX.
The RE/MAX Housing Market Outlook for 2010 examined residential real estate trends in 23 markets. The report found that sales are forecast to recover in almost all major centres by year-end 2009, led by an anticipated 45 per cent increase in Greater Vancouver. Two markets -- Ottawa and Quebec City -- are expected to hit historic highs in the number of homes sold. Average price should post new records in 65 per cent of markets surveyed this year. As economic performance ramps up across the country, so too will residential real estate. Eighty-three per cent of markets (19/23) are expecting sales to increase over 2009 levels while housing values are forecast to escalate in 91 per cent (21/23) of Canadian centres in 2010. The remaining markets will match 2009 levels. Read more . . .
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We provide up to date, computerized information on Durham Region area sales due to Foreclosures or Power Of Sale.
Buying or selling a home can be complex. That's why this site has been designed to be a resource to help you through the real estate process and answer your questions. From helpful financing calculators to complete and thorough real estate information.
We're here to help you, whether to offer expert advice and market information on listing and selling your house, or assisting you as you find and purchase the home of your dreams.
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