Thomas Dampsy's (tomlinks2realty) Blog

On July 9, the Department of Finance announced that it will no longer offer 100% financing or 40 year amortizations. You will however be able to obtain mortgage loan insurance for amortizations of up to 35 years and up to 95% of the value of the property. So, if you were thinking of 100% financin...

Starting September 30, 2008 consumers will be able to register their telephone, cell-phone, and/or fax numbers on the National Do-Not-Call List (DNCL).  This list will contain the names and numbers of consumers who do not want to receive unsolicited calls from telemarketers.  Consumers can regist...

Until recently, as of June 23 2008, real estate agents are now required to ask clients for identification.  Following the attack on the World Trade Centre, the Government of Canada introduced the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) late in 2001.  This legisl...

Affordable home ownership is more attainable than you think. The Government of Canada, Province of Ontario and the City of London have partnered up to create the Canada-Ontario Affordable Housing Program (AHP). This program will help low to moderate income rental households in purchasing affordab...

Effective July 1, 2008 you will begin to notice an increase in your gas bill. The Ontario Energy Board approved changes to the rates Union Gas charges its customers. For most customers the total increase will amount to $254.99 based on an annual volume of 2,600 m 3. The gas commodity rate has inc...