Tuesday, November 24, 2009
First-time Homebuyers
Trendy townhome for sale in mature, quiet Falgarwood neighbourhood. Asking price $224,900.
530 Falgarwood Drive, Unit 22 - Open House Saturday, November 28th - 2-4 p.m. I look forward to seeing you there.
Renovation Tax Credit Window Coming to an End
Ottawa's home renovation tax credit for a maximum of $1,350 is scheduled to end February 1, 2010.
Homeowners can spend up to $10,000 on qualifying items or work to earn the maximum renovation credit until that time.
Qualifying expenditures include repairs, alterations and preventative maintenance for a home owned by the applicant. Labour, materials and equipment rental costs are all covered under the tax credit.
Homeowners may want to take advantage of this tax credit ahead of the expected increase in costs which may occur in July, 2010, when Ontario adopts the harmonized sales tax.
Homeowners can spend up to $10,000 on qualifying items or work to earn the maximum renovation credit until that time.
Qualifying expenditures include repairs, alterations and preventative maintenance for a home owned by the applicant. Labour, materials and equipment rental costs are all covered under the tax credit.
Homeowners may want to take advantage of this tax credit ahead of the expected increase in costs which may occur in July, 2010, when Ontario adopts the harmonized sales tax.
Monday, November 2, 2009
Oakville/Burlington Real Estate Market is Doing Just Fine
The real estate market has certainly out-performed the weather, sweeping aside the dark economic clouds despite a forecast of doom and gloom in the media at the beginning of the year.
Buyers and sellers have focused on neigbhourhoods and chosen to ignore negative national and provincial headlines on market conditions.
The simple fact is that the only meaningful real estate marketplace is the one in which you live, so it is important to look closely at your own community real estate activity. The road to good real estate buying and selling decisions is by a market analysis provided by your neighbourhood realtor.
Just like our weather, there will always been some hot real estate markets and others that will be cold, as we have seen across the GTA this year. Pricing trends that have emerged in 2009 are likely to continue for the balance of this year, if, as predicted, interest rates will remain low. While interest rates remain low, the simple fact is that buyers who want to buy will buy and sellers who want to sell will sell.
According to the sales data for September, the average market time for homes that have sold was 30 days. Most activity in Oakville in recent months has occurred in the $300,000 to $600,000 price range.
The number of homes available for sale is down so if you are contemplating a move this is an excellent time to list your home.
Buyers and sellers have focused on neigbhourhoods and chosen to ignore negative national and provincial headlines on market conditions.
The simple fact is that the only meaningful real estate marketplace is the one in which you live, so it is important to look closely at your own community real estate activity. The road to good real estate buying and selling decisions is by a market analysis provided by your neighbourhood realtor.
Just like our weather, there will always been some hot real estate markets and others that will be cold, as we have seen across the GTA this year. Pricing trends that have emerged in 2009 are likely to continue for the balance of this year, if, as predicted, interest rates will remain low. While interest rates remain low, the simple fact is that buyers who want to buy will buy and sellers who want to sell will sell.
According to the sales data for September, the average market time for homes that have sold was 30 days. Most activity in Oakville in recent months has occurred in the $300,000 to $600,000 price range.
The number of homes available for sale is down so if you are contemplating a move this is an excellent time to list your home.
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