Blog Entries tagged 'Ontario'

It's been a good year so far

admin@tamerfahmi.com — Tue, 07 Sep 2010 05:00:00 +0100

The Greater Hamilton-Burlington area resale market reported a total of 1021 units sold in August, indicating a decrease of 9.5 per cent from the same month last year but an increase of almost 2 per cent over July of this year, according to Multiple Listing Service® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB). Total unit sales for the first eight months of 2010 are being reported at 8.1 per cent higher than the same period last year, whi [...]

Duelling reports on housing

admin@tamerfahmi.com — Wed, 01 Sep 2010 05:00:00 +0100

A U.S.-style housing crash is unlikely in Canada, says a study by the C.D. Howe Institute.

A decline in underwriting standards played an essential role in the American housing boom and subsequent bust. That has not been the case in Canada, says the study released Tuesday.

It comes on the heels of another study by the Canadian Centre for Policy Alternatives, which said the Canadian housing market is a bubble ready to burst. It also shows the debate that economists are having over [...]

Demand and supply coming into balance in resale market

admin@tamerfahmi.com — Fri, 26 Mar 2010 05:00:00 +0100

OTTAWA - March 15th, 2010 - With rising activity in Toronto offset by lower activity in Vancouver, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards edged lower in February. In recent months, national sales activity has slowed while new listings continue to rise, resulting in a more balanced national resale housing market.

According to statistics released by The Canadian Real Estate Association (CREA), seasonally [...]

The Christmas Spirit is joined by Olympic Fever as the torch passes through Burlington!

admin@tamerfahmi.com — Fri, 11 Dec 2009 05:00:00 +0100

Next Saturday: December 19, the Olympic Torch route travels through Burlington

ROUTE NOTES:

4:16 p.m.

Olympic Torch Relay route travels west on Fairview Street, then makes its way south on Brant Street.

5:08 p.m.

Community Stop at Burlington City Hall: 426 Brant Street.

The Torch relay will then travel south on Brant, west along Lakeshore, and continue west along North Shore Blvd. E.

Olympic Torch Relay [...]

Are Canadians better to go Fixed or Variable? BMO Mortgage Report

admin@tamerfahmi.com — Mon, 16 Nov 2009 05:00:00 +0100

Every homebuyer faces the age-old question of whether to choose a fixed or variable rate mortgage. A new report by BMO's Economics Department provides valuable insights to help consumers make the right choice.

"The question of whether to lock in to a longer-term fixed mortgage rate or stay in a variable rate has become an increasingly complex and important issue," said Doug Porter, Deputy Chief Economist, BMO Capital Markets. "Short-term rates ar [...]

Hamilton - Burlington real estate market one of the healthiest in the country.

admin@tamerfahmi.com — Mon, 05 Oct 2009 05:00:00 +0100

(October 5, 2009 - Hamilton, Ontario) The Hamilton-Burlington area resale market reported a total of 1,216 units sold in September, indicating an increase of 20 per cent over the same month last year. The total unit sales for the first three quarters of 2009 are being reported at 2.6 per cent lower for the same period last year, while new units listed are 8.8 per cent lower for the year-to-date, according to Multiple Listing Service® (MLS®) statistics released by the REAL [...]

Ranking Burlington in 4th position!

admin@tamerfahmi.com — Fri, 22 May 2009 05:00:00 +0100

Money sense magazine has again ranked 154 cities across Canada to determine by statistical count "the best place to Live."

Burlington proudly sits at #4.

Using statistics that account for prosperity, housing, weather and air quality and lifestyle, Burlington was right up there with the best, only being out ranked by Victoria, Ottawa and Kingston. We stand head and shoulders above many other large, boisterous and shiny communities.

Burlington has always been [...]

OREA Call for Action

admin@tamerfahmi.com — Fri, 20 Mar 2009 05:00:00 +0100

We need your help.

The Ontario Real Estate Association is urging the government of Ontario to avoid harmonizing the PST with the federal GST.

As you know, Premier Dalton McGuinty and Finance Minister Dwight Duncan have been openly musing about the possibility of harmonizing the goods and services tax with the provincial sales tax. If that happens, it will result in thousands of dollars in additional costs for people buying resale homes and tens of thousands of dolla [...]

Canada's Best Places to Live

Wed, 07 May 2008 05:00:00 +0100

Burlington, Ontario ranks number 8 in Canada for best places to live, 3rd in Ontario and 1st in the Greater Toronto Area. To see the full article, Click here...

Source: MoneySense Magazine: May 2008

Land Transfer Tax Rebate extended

Sat, 22 Dec 2007 05:00:00 +0100

Government of Ontario just announced and extension on the First Time Home Buyers Program Land Transfer Tax rebate of up to $2,000 on Resale homes as well as New Homes, click here for more details; http://www.rev.gov.on.ca/english/notices/ltt/pdf/0207.pdf