BEST MORTGAGE RATES

1 yr closed     2.9500%
3 yr closed     3.090%
5 yr closed     3.990%
5 year closed variable 2.350%
-----Bank Prime-----
2.25% for TD, BMO and CIBC
November 9, 2009

ONE-CLICK ACCESS TO GTA HOMES!

Google MAP of the
GREATER TORONTO AREA

MAPS with
Aerial Photos

Links to Cities
and Towns in Ontario

Real Estate News

• The Toronto Real Estate Board (TREB)
• CHART - Real Estate Price Trends in the GTA - November 1, 2009  
• October 2009 summary. 

• Government implements OREA recommendation on retrofit rebates (July 2009)
• The Government of Ontario has adopted an OREA (Ontario Real Estate Association) 2009 pre-budget recommendation, increasing the amount of funding available to Ontario homeowners for home energy retrofit rebates under the Home Energy Savings Program.
  The new improvements will increase rebates by 25 per cent for changes like fixing insulation in ceilings, foundations, basements, and crawl spaces as well as upgrading leaky windows and doors.
  Additional examples of program enhancements include:
• Provincial funding for solar domestic hot water systems is increasing to $1250, up from $500
• Home energy audits will soon be transferrable, allowing new homeowners to take advantage of retrofit energy audit rebates done by the previous owner.

• Amended Energy Audit Bill Passed – Not Yet In Effect
• May 25, 2009 -- Provincial legislation, Bill 150, making home energy audits mandatory for home sellers, unless waived by buyers, has been passed; however, the Bill’s requirements regarding home energy audits are NOT YET IN EFFECT and are not expected to take effect until 2010.

• January 2009 Federal Budget Housing Initiatives
• Homebuyers' Plan
  increase the withdrawal limit for first-time homebuyers using the Homebuyers Plan from $20,000 to $25,000 (per individual).
• First-Time Home Buyers’ Tax Credit
  a 15% credit that would be applied to a $5,000 amount, and would provide up to $750 in tax relief to reduce costs associated with first home purchases.
• Home Renovation Tax Credit
  a 15% credit to be claimed on the portion of eligible home renovation expenditures exceeding $1,000, but not more than $10,000, meaning that the maximum tax credit that can be received is $1,350.
  Will apply to eligible home renovation expenditures for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010, pursuant to agreements entered into after January 27, 2009.

Canada Post smartmoves.ca

A fantastic web site for anyone moving shortly!
3 easy steps to get moving:
1. Change your address and hold your mail
2. Notify others of your move
3. Plan your move

Carson Dunlop Reports

Carson Dunlop articles on homes and home inspection.