Hamilton Home Review-Robert J. Morrow, editor

By
Real Estate Agent - Chase Realty Inc. Brokerage
A mix of timely issues concerning real estate buying and selling...and a little humour to lighten the load.

ARCHIVED BLOG POSTS

2008 

Have you received your 2008 property assessment form from MPAC? Most of the people I've spoken to state their homes have increased in assessed value close to $30,000 since 2005. My home's assessment was $37,000 and it's a condo. We have done no improvements to the interior and any improvements ma...
09/30/2008
Stuck in with this year's assessments was a little brochure about a new property tax grant for Seniors. I thought it was worth talking about online because most people in that age bracket are not computer savvy and are unlikely to be aware of this new program. They may need you to point it out to...
09/30/2008
As an agent, I could see it happening. Now, the President of the Realtors Association of Hamilton & Burlington makes it official: "The summer resale market demonstrated how different the various area communities are; while lower Hamilton saw price increases, the average price on Hamilton Mountain...
09/18/2008
On July 9, 2008 the government of Canada anounced it will no longer be insuring 40 year amortization or 100% mortgages effective October 2008.  They have also announced there will be new minimum beacon scores for insured borrowers and more stringent confirmation on income.  This potentially affec...
09/11/2008
The prime rate remains unchanged at 4.75%...for now. If you have a variable/adjustable rate mortgage, your payments will remain unchanged. The Bank of Canada announced today that economic growth and inflation are lower than anticipated last month. The overnight rate--what banks charge each other ...
09/04/2008
It was a great idea at the time. But as of Oct. 15th, Canadians can't get government-backed morgages that are based on 40-year amortization and no money down. The Finance Dept. stated on Sept.3rd that it won't guarantee 40-year mortgages anymore and will require a minimum 5% downpayment on the va...
09/04/2008
FINTRAC...For the unititiated, it means Financial Transactiosn and Reports Analysis Centre of Canada. What it means is that as of June 23/08, new laws dealing with money laundering and anti-terrorist financing took place. Amongst other professionals, Real Estate professionals now have to collect ...
09/04/2008
I've posted this mostly for consumers. Many have complained about the efficiency, speed and general usability of MLS.ca, namely that it's lacking.  Now, with www.realtor.ca, consumers can finally get the service they've been asking for. The mapping is amazing, and the speed vastly improved. Howev...
09/04/2008
The Bank of Canada kept interest rates unchanged for the third time today despite acknowledging that both economic growth and inflation are lower than it had projected last month. The overnight rate - what big banks charge each other fo overnight loans - will remain steady at 3%. While most analy...
09/04/2008
Starting Oct. 15, 2008 Canadians will no longer be able to purchase a home with a government-backed mortgage with a 40-year amortization and no down payment. The Finance Department said Wednesday it will no longer guarantee 40-year mortgages and will require a minimum down payment of five per cen...
09/04/2008
Rainer
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Robert Morrow

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Clicky Web Analytics Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.