RECENT BLOG POSTS
With less than two weeks till the official “First day of spring” there are many maintenance activities that you can do to your home that will help protect your investment and may even save you money. Here are some Spring Maintenance tips that CMHC (Canadian Mortgage and Housing Corporation) offe...
04/16/2009
Patrick Langston reported in a recent Ottawa Citizen column that “interest in (granny suites) will continue to grow as the population ages and the recession forces families to look for new revenue sources.” According to Stan Wilder, Policy Planner for the City of Ottawa, the concept of the “gran...
04/16/2009
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Under the RRSP Home Buyers Plan a first-time home buyer can now withdraw tax free from a Registered Retirement Savings plan to purchase or build a new home up to $25,000 ($50,000 per couple); this is up from $20,000. Under this plan participants must begin repayment two years after withdrawing th...
04/16/2009
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In one of the most anticipated budgets in Canadian history the Harper Government made good on its promise. Finance Minister Jim Flaherty toned down on their first attempt at a budget, and followed the guidelines set out by the G20 to spend heavily and provide tax cuts to help spur on the economy....
04/16/2009
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TD announced this past week that they will be introducing a $35 inactivity fee on all their unused lines of credit. This fee will be introduced in April. But it doesn’t stop there, for those who do use their credit lines, TD will raise the borrowing rate by an additional 0.5%, moving the rate to ...
04/16/2009
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Canadian new home prices have fallen again in November according to StatsCan. This was the second straight month in which there was a decline in new housing prices. New Housing prices dropped 0.3% in November from October. This decline has almost eliminated any gains the market saw in the first h...
04/16/2009
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The Globe and Mail is reporting today that Finance Minister Jim Flaherty is considering giving tax credits to homeowners who make home renovations. While there has been a lot of talk lately about large infrastructure spending in the upcoming federal budget, this home reno idea would focus on sma...
04/16/2009
BBB assigns grades from A to F with pluses and minuses. A+ is the highest grade and F is the lowest. The grade represents BBB’s degree of confidence that the business is operating in a trustworthy manner and will make a good faith effort to resolve any customer concerns. Ratings are determined by...
04/16/2009
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Canadian banks are proving that our financial system is the best in the world, as stated by the World Economic Forum in October. This week the Canadian major banks release their first quarter earnings for 2009, and most exceeded industry expectations. More impressive, however is they are remarkab...
04/16/2009
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Spring has finally sprung and Buyers are out there looking for homes to buy! Have you been combing the ads in the papers looking for your dream property? Researching the internet? Going to open houses and reading the feature sheets? Some of the acronyms and terms can be quite confusing! Here...
04/16/2009
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