The First Time Buyer incentives were changed on January 1, 2017, first-time buyers who are permanent Ontario residents, do not pay land transfer tax on the first $368,000 of the cost of their homes. Given lower prices in some of our areas of expertise, outside of Toronto, and in the West GTA & Hamilton area, this could mean no land transfer tax on the purchase for your first home. Or, at the very least, it is closing cost savings of $4000for your 1st home, instead of the former $2000 incentive.
Tenants are also getting a benefit, as the also government froze the property tax on apartment buildings — which are taxed at more than double the rate of other residential properties and condos, for example — while it reviews how the “high property tax burden”
The proliferation of services that help homebuyers and sellers complete their own real estate transactions is relatively recent, and it may have you wondering whether using a real estate agent is becoming a relic of a bygone era. While doing the work yourself can save you the significant commission rates many real estate agents command, for many, flying solo may not be the way to go–and could end up being more costly than a realtor’s commission in the long run. Buying or selling a home is a major financial (and emotional) undertaking. Find out why you shouldn’t discard the notion of hiring an agent just yet.
1. Better Access/More Convenience
A real estate agent’s full-time job is to act as a liaison between buyers and sellers. This means that he or
Move in Ready Executive Home in Westmount- Steps to New Oakville-Trafalgar Hospital- Walking Trails- Conservation Lands- Top Schools- This 4+2 Bedroom 4+1 Bathroom Home is Ready for You! Freshly Painted- Gourmet Kitchen with Island- Pantry- Open to Family Room with 2 Storey Ceiling- Floor to Ceiling Sunfilled Windows- Fully Finished Basement and Custom Concrete Landscaping- Flexible Closing Available- Double Garage and 4 car Driveway- Come have a look this weekend!
Our Team works not just with Residential Resale Homes, we also work with clients on Investment Properties and Leasing as our services. There has always been a lot of confusion with leases, many questions that Landlords and Tenants leave to chance. A lease is a binding, legal agreement in writing. That said, anything that contravenes the Landlord Tenant Act, even if you have written it into a lease agreement, will be null and void. Our Landlord Tenant Act, in Ontario, and their laws, supersede anything we write into a lease agreement that is not per the Act.
For example, the Act states that a Landlord is responsible to keep a property in a state of good repair, this includes, but is not limited to, lawn maintenance and snow removal. One of the
What will the year hold for the real estate market? Are we still in Seller's Market? Will home prices continue to rise? Are interest rates going to skyrocket? What is up with the "new" mortgage rules? We study the predictions and closely watch the patterns with what has been happening in the local market here in Halton & Hamilton Regions.
After the craziness with Real Estate, this time last year, with the lowest inventory ever in the history of MLS, everyone is curious how 2018 is going to fair. We saw an increase of inventory suddenly in May 2017, that continued until November, and though prices did not drop, they stabilized holding the 25-30% increase in value, there were fewer sales happening. That said, 2017 was a record breaking year
Join us this weekend at one of our Opens! This weekend:
166 West 26th St, Hamilton is Open Saturday and Sunday 2-4 pm $585,000 for this Gorgeous Reno- Move in Ready on the West Mountain
We are also open Saturday 2-4 pm in Oakville at 2258 Gladacres Lane $1,399,900 Immaculate 4+2 Bedroom Executive Home with 4 1/2 Baths- Finished Basement- Professional Landscaping- All steps to the New Oakville-Trafalgar Hospital- Nature Trails- Parks & awesome Schools!
In our areas, Burlington, Oakville and Hamilton, it is a year round HOT Real Estate Market. Interest rates are still at all time lows, our unemployment rates are at historical lows and the Canadian economy is booming- our real estate market is driven by these factors and basic Supply & Demand.
The only time of year we see a bit of slow down, no matter what is happening with mortgage rules and the real estate market predictions, is the Holiday Season or "off season". People get busy with events, parties, work functions, family and trying to take a break, and this is the BEST time, for you as a Buyer, to get a bit of a break on pricing & competition! When the world seems to be shutting down and in Holiday mode, our team is here, diligently working