brampton housing market: Ruth Ballantyne presents 21 Primrose Cres., Brampton, Ontario - Perfect Starter Home in Heart Lake $258,800
- 11/26/10 01:00 PM
Wow! This one is perfect for the first time buyer who wants to move right in. Located in desirable Heart Lake location and address are part of the appeal. This home has been renovated from top to bottom. It has had the windows replace, new door, new siding, new kitchen, new ceramic floors, new carpet, lovely laminate floors, freshly painted. The home is perfect for the family it backs onto a park with a gate out to a play park. Nothing left to do but move in! Move in for Christmas by calling Ruth today @ 905-456-1000 ext 3344 or email to … (2 comments)
brampton housing market: GTA REALTORS® Report Mid-Month Resale Housing Market Figures
- 11/22/10 01:40 AM
TORONTO, November 16, 2010 - Greater Toronto REALTORS® reported 3,076 salesthrough the Multiple Listing Service® (MLS®) during the first two weeks of November2010. This represented a 16 per cent decrease compared to the 3,666 sales recorded duringthe same period in November 2009. Year-to-date sales amounted to 78,526 - upslightly from the 2009 total. "The number of transactions remained high relative to new listings through the first halfof November, promoting a healthy rate of price growth compared to last year," saidToronto Real Estate Board President Bill Johnston. The average price for November mid-month transactions was $437,554 - up more thanfive per … (0 comments)
brampton housing market: GTA REALTORS® Report Monthly Resale Housing Market Figures
- 10/05/10 08:35 AM
TORONTO, October 5, 2010 --Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per cent compared to the first three quarters of 2009. “The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on … (0 comments)
brampton housing market: Breakfast with Brampton's Mayor Susan Fennell
- 09/08/10 09:22 AM
At this mornings Business Breakfast with Mayor Fennell excitement was in the air as the Mayor and the Guest Speaker Omar Rashid, Director Municipal Government Strategy, Microsoft Canada spoke confidently about Brampton and its future. Mr. Rashid gave us insight into Brampton's website. It seems that it was awarded the Most Innovative Website at a conference in Spain and the Best Use of Social Media at a conference in Norway. He described it as unique because the City Focuses on Customer Service Strategy treating residents as customers and not just on Citizens. He also praised Mayor Fennell for addressing the Ash Center … (0 comments)
brampton housing market: Thanks To Everyone Who Helped make the Brampton Real Estate Board Golf Tournement a Success.
- 09/01/10 02:55 AM
Yesterday at the Brampton Real Estate Board Golf Tournement we had almost a complete sell out. This year we changed the location to Eagle Ridge and we think the change was fantastic. It was a hot hot day but no one seemed to mind. There was a cool breeze and lots of trees to hide under when the tees got a little backed up. Would just like to thank all of the Sponsors, Volunteers, Staff and the visitors from Surrounding Boards and OREA who came out to support Brampton. The final figures are not in yet but it looks like The REALTORS … (0 comments)
the 27th of September the Region of Peel again released its grant for HomeBuyers. This is an opportunity for you to get a downpayment on a house from the Region and have it act as a grant not a loan if you stay in the house for 20 years. Here are the Details:
This program will assist eligible applicants who have a total gross (pre-tax) household income of <80,000 or less to purchase a home in the Region of Peel (Brampton, Caledon or Mississauga) that does not exceed a purchase price of $280,000.
Here are the requirements copied from the Region of Peel Website at http://www.peelregion.ca/housing/home-in-peel/apply/qualifications.htm.
What is the Affordable Home Ownership Program?
The Region of Peel’s Home in Peel Affordable Ownership Program is designed to provide low-to-moderate income residents who are currently renting a unit with the opportunity to qualify for down payment loan assistance.
This program will assist eligible applicants who have a total gross (pre-tax) household income of $80,000 or less to purchase a home in the Region of Peel (Brampton, Caledon or Mississauga) that does not exceed a purchase price of $280,000.
Participant Eligibility
•Applicants must be 18 years of age or older
•Applicants must not own or have an interest in another residential property in Canada or elsewhere
•The home must be the sole and principal residence of the purchaser
•The applicant must currently be renting and looking to buy a sole and principal residence
•The applicant must have a total gross (pre-tax) household income not exceeding $80,000
•The applicant must be able to obtain a mortgage pre-approval from a Canada Mortgage and Housing Corporation (CMHC) approved and insured lender and must submit it with their application
•Participants may not include anticipated rental income from a portion of the property in order to obtain a mortgage
•The applicant must be able to pay all additional closing costs
•The applicant must supply all necessary documentation to the Region of Peel
Eligible Homes
Due to unpredictability of closing dates, new homes will not be eligible for purchase under the Home in Peel program.
Participants may purchase:
•resale detached homes
•semi-detached
•row homes
•town (condominium or freehold) stacked homes
•high-rise condominium units
Duplex, triplex or mobile homes do not qualify as eligible homes under the Home in Peel program.
For a home to be eligible, it must be modest in size relative to the community, in terms of floor area and amenities, as determined by the province or the service manager.
The maximum house price for program participants in the Region of Peel is $280,000.
The Down Payment Loan
The down payment assistance will be up to $15,000.
Repaying the Loan
The down payment loan is for a 20-year period and no interest is charged if:
•The home remains the sole and principal residence of the owner. The home is not to be rented, leased or sold in the 20-year period.
•On the 20th anniversary date of the agreement, the loan is automatically forgiven provided there has been no default.
Repayment of the loan is required when:
•The home ceases to become the sole and principal residence of the owner.
•The home is sold before the 20-year affordability period.
If during the 20 year affordability period, the property is resold, transferred, or otherwise disposed, and an appreciation in value is incurred, the purchaser will be required to pay back to the Region of Peel the loan and 5% of the appreciation.
If the home is sold for less than the original purchase price, the owner does not pay appreciation and the principal is forgiven (the sale must be at fair market value and must be an arm’s length transaction).
Other Costs for the Purchaser
The purchaser is expected to pay the following:
•Closing costs
•Inspection of the home prior to firm offer of purchase and sale
•Lawyer’s fees
•Land Transfer Tax
What is Needed to Qualify for the Home in Peel Program?
Interested applicants must complete the application form and provide all supporting documentation and return it to the Region of Peel.
As funding for this program is limited, participants are selected on a first-come, first-serve basis. Once an application is received, a letter confirming eligibility will be sent within 15 business days. There is no wait list for this program; once all funding has been allocated, all remaining applicants will be notified by letter that the program has ended.
Call me at 905-456-1000 ext 3344 for more details.
Wow! This one is perfect for the first time buyer who wants to move right in. Located in desirable Heart Lake location and address are part of the appeal. This home has been renovated from top to bottom. It has had the windows replace, new door, new siding, new kitchen, new ceramic floors, new carpet, lovely laminate floors, freshly painted. The home is perfect for the family it backs onto a park with a gate out to a play park. Nothing left to do but move in! Move in for Christmas by calling Ruth today @ 905-456-1000 ext 3344 or email to … (2 comments)
;)
;)
