Effective June 1, 2015 CMHC will be increasing the Mortgage Loan Insurance Premium for homebuyers with less than 10% Down Payment. Currently, the premium is 3.15%.
After June 1, 2015 it will be 3.6%.
On any new loan requests submitted on or after June 1, 2015, the new Insurance Premium will apply. Buyers with greater than a 10% down payment will not be affected. For more detailed information, here is the link from CMHC.
The province has awarded a $1.2 billion contract for the second phase of toll Highway 407 with construction beginning this fall, Transportation Minister Steve Del Duca announced Tuesday.
But unlike the existing highway, the 23-kilometre 407 extension eastward from Harmony Road in Oshawa to Highway 35/115 will be publicly owned, said Del Duca, adding the tolls will be lower than those charged by the privately-owned 407 ETR.
By: Richard J. Brennan Provincial Politics, Published on Tue Apr 07 2015
12 Gloria Crescent Whitby
4 Bedroom Open Concept main floor layout
call Jim for details 905-409-9967
Here's how much money you need to buy a home in your city read more here .....
My home has Kitec plumbing in it. Should I be worried?
The short answer is: Yes. Kitec plumbing was widely used in Canada and the U.S. in homes and condominiums built, or extensively renovated, between 1995 and 2007. It was sold for pipes for drinkable water pipes, as well as in-floor and hot-water baseboard systems. Read more here .......
Bank of Canada maintains overnight rate target at 3/4 per cent
The Bank of Canada felt they did not have to lower the overnight lending rate to stimulate the economy
to read the full story click onto the link,,http://www.bankofcanada.ca/2015/03/fad-press-release-2015-03-04/ …
We invite you to drop by our Open House held today between 2-4 pm
1109 Timberland Cres. is a great place for 1st Time Buyers to call home! It features a well planned main floor with lots of natural lighting -hardwood floors in the living / dining rooms, an eat -in kichen with lots of counter space and cupboards w/o to deck and fenced yard. Beautiful staircase with oak treads which leads to a upper Family room / 3 bedrooms / master features ensuite and large walk in closet. Drop by or call Jim about this immaculate home.
Super 3 bedroom home for 1st Time Buyers located in popular north Oshawa Neighbourhood!
It's that time of year when there is a chill in the air and the warm winds of the southern USA are calling Boomers who are snowbirds back to their winter homes . The U.S. government are tracking time they are spending down south read more ................ to see how this will impact Canadian Snowbirds .
56 Cluett Drive Ajax
This Executive home situated in South Ajax backing onto Ravine features a totally renovated Gourmet Kitchen / Hdwd Flooring / Main Fl Den / Sep Dining Rm / Updated Bathrooms and more! Call Jim today for details!
84 Glovers Road Oshawa
Great Opportunity for 1st Time Buyers or Investors! Affordable home located minutes to UOIT! This 4 bedroom home is situated on a mature lot with double drive; updated windows; newer Hi Eff Gas Furnace; newer roof; partially finished basement; with 3 pc bathroom; updated main bathroom and eat-in kitchen.
For more information call Jim Stanton today @ 905-409-9967 or 905-434-2022.
We are 1 month into the 2015 Real Estate market which started off with a surprise move by the Bank of Canada lowering the prime rate. This is great news for buyers - banks are now reducing rates - 5 Year Fixed Term is now @ 2.79% mortgage rates Home prices continuing to rise due to a shortage of listings, it is a Seller's Market again this spring! The IMF continues to to say the Canadian market is overvalued by 20%. The big question is when will we hit the top end of this bull market?
If you have been thinking about making a move - Take advantage of the Early Spring Market - Now is the time to List Your Home - If you have any questions about home values in your neighbourhood! Don't hesitate to call me office number 905-434-2022 cell 905-409-9967. I am always here to help!
Regards,
Jim
Have a Great Day!
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