Buy a home for $7500 - 03/03/09 02:50 PM
No, it's not a misprint. Sound ridiculous? Click here for proof. So you think we have problems in Ontario?
The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.
Detroit, which has lost half its population in the past 50 years, is deceptively large, covering 139 square miles. Manhattan, San Francisco and Boston could, as a group, fit inside the city's boundaries. There is no major grocery chain in the city, and only two movie theaters. Much of the neighborhood economy revolves around rib joints, hot dog stands and liquor stores.
Often … (0 comments)

Low income? The city will help with the downpayment - 03/03/09 02:42 PM
I recently worked with a client who wasn't aware of the Canada-Ontario Affordable Housing Program-Homeownership (COAHP-HO).
The government will assist with your down payment (up to $7,262) if you are a low to moderate-income level andyou want to purchase a home. Applicants must be first-time homebuyers over the age of 18 with a combined household income of no more than $55,900. The home to buy must be located in the city of Hamilton and priced at or below $185,500.
When combined with the Land Transfer Tax Rebate (up to $2,000); the First Time Homebuyer Tax Credit (apx. $750); and steadily decreasing house … (2 comments)

 

Robert Morrow

Hamilton, ON

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Chase Realty Inc. Brokerage

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