hst: Thinking of buying or selling in 2010? - Maybe I can help!
- 02/11/10 04:48 AM
We are now full steam into 2010 and many people are beginning to think about buying or selling real estate. As you are making your plans, please consider the following points. 1. Interest rates are on the rise Home buying has continued its hot streak from 2009 into 2010. Interest rates remain low and continue to pull buyers into the market. The threat of rising interest rates in July will have people rushing to get into new homes before the rates start to move. 2. HST will be introduced this July While the tax will hit those who buy newly constructed … (0 comments)
hst: 2009: A Record Year for Real Estate
- 01/22/10 06:05 AM
Last year ended stronger than expected for Canadian real estate and shed some hope for the industry and the Canadian economy as a whole. Many in the real estate industry predicted that 2009 would continue to post a decline in both units sold and average prices. MLS sales for 2009, however, were reported at approximately 465,000 which represents a 7% increase over 2008 and the average housing price was listed at $315,000 representing a 4% increase. This may seem small, but it is not insignificant. Coming out of this global economic downturn, Canada has posted the highest average housing prices of … (0 comments)
hst: Canadian Real Estate Continues to Recover
- 01/22/10 06:01 AM
Exceptionally low interest rates, government incentives (rebates, tax breaks and RRSP contributions), the looming HST and a renewed consumer confidence puts Canada as the world leader when it comes to the recovery of the global real estate market. In a recent report on Global Real Estate Trends written by Adrienne Warren of Scotiabank, Canada is leading the way in the global real estate recovery with positive growth in housing starts, housing sales and average prices. Prices in Canada remain strong due to the increased demand for housing, coupled with low levels of housing inventory. First time buyers are out in full … (0 comments)
hst: Ontario Housing Market Will Stay Strong in 2010
- 01/14/10 02:46 AM
Canada and more specifically Ontario appears to have avoided any lasting impact from the collapse of the US housing market and the subprime mortgage market meltdown. What we have seen over the past 18 months was fear versus demand and fair market values relative to the true economic environment in Ontario. From the price stability we have seen, I would say we are on great footing going forward. The rational for Ontario home price appreciation in 2010 is as follows: Ontario home prices are fairly valued. Despite a healthy appreciation in home prices in Ontario between 2001-2009 we have avoided the … (0 comments)
hst: McGuinty rejects public hearings on HST; expects new tax to be election issue
- 11/18/09 08:48 AM
There's no need for the Ontario government to hold public hearings on its plan to harmonize the provincial sales tax with the GST next July, Premier Dalton McGuinty said Wednesday, adding that voters can pass judgment on the issue in the 2011 provincial election. Basically, McGuinty is telling the public he plans to ram this tax down your throat whether you like it or not and it doesn't matter what you think about it either because he's not interested in listening. He goes on to belittle the public by stating that the topic can be discussed at election time in 2011. … (0 comments)
We are now full steam into 2010 and many people are beginning to think about buying or selling real estate. As you are making your plans, please consider the following points.
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