Thursday, December 30, 2010

Real Estate Outruns the Stock Market Again - WSJ.com http://ping.fm/HODin

Wednesday, December 29, 2010

Tuesday, December 28, 2010

A great option for 2011 is 64 Connor Ave Collingwood, ON L9Y5K7 | homeTRADER http://ping.fm/trYCx

Thursday, December 23, 2010

Boomers ready to downsize, says survey | REM - Real Estate Magazine http://ping.fm/liZcn
Nine for-sale-by-owner mistakes - The Globe and Mail = just use a Realtor! http://ping.fm/7DPQo

Wednesday, December 22, 2010

Collingwood Area Real Estate - Jonathan Knight - Listings and Blog http://ping.fm/pEQwL
Collingwood Area Real Estate - Jonathan Knight - Listings and Blog http://ping.fm/ZgkDp

Monday, December 20, 2010

Unearthed photos of Niagara Falls without water - Yahoo! News#more-id http://ping.fm/nXzpM

Saturday, December 18, 2010

Gregor Homes LEEDing the way in cottage country - Yourhome.ca http://ping.fm/ZwAFj

Wednesday, December 15, 2010

Why the home of the future is green - The Globe and Mail http://ping.fm/KohIz

Monday, December 13, 2010

esp with the weather! CBC News - Consumer Life - More Canadians work from home offices http://ping.fm/xgveI

Friday, December 10, 2010

CTV News | CREA developing new measure of real estate’s health http://ping.fm/WUpKA
Why a buyer's real estate agent matters even more - thestar.com http://ping.fm/nnqmE

Wednesday, December 8, 2010

2010 colouring contest hey kids join today! RE/MAX Clearview 705 428 4500 for all your real estate needs http://ping.fm/dFTAB

Monday, December 6, 2010

Health Care REIT Finds Sweet Spot in Aging Population - CNBC http://ping.fm/4mwOG

Friday, November 26, 2010

helping you buy and sell in more ways all the time! http://ping.fm/Dgwu2

Thursday, November 25, 2010

for 2010 Re/Max Clearview Christmas Colouring Contest KIDS - join http://ping.fm/q9NNb

Wednesday, November 24, 2010

this is important for You - Collingwood Real Estate - House Price Index - Newsletter http://ping.fm/4HRRV

Monday, November 22, 2010

THIS IS PRETTY AWESOME! U.S. utilities scramble to ready grid for electric cars - thestar.com http://ping.fm/07cPJ

Friday, November 19, 2010

Very important when choosing an agent to List & sell / buy Real Estate http://ping.fm/7ohqt

Thursday, November 18, 2010

Housing set to find even keel in spring - The Globe and Mail http://ping.fm/WB8sl
Pension investors unveil environmental real estate index - 28 January 2010 11:45 http://ping.fm/38UxS
Are You Fit To Sell? | RE/MAX Ontario-Atlantic Canada Inc. http://ping.fm/eorAB

Friday, November 12, 2010

really entertaining .. don't click if your ears are tender & you dont't like the truth http://ping.fm/B8YyZ

Thursday, November 11, 2010

The Canada-U.S.-China trade triangle - The Globe and Mail http://ping.fm/hvcsc
CREA slashes home-sales forecast - The Globe and Mail http://ping.fm/Sd49L

Wednesday, November 10, 2010

Collingwood Area Real Estate | Collingwood Real Estate Listings http://ping.fm/DBOC9

Monday, November 1, 2010

3 yr old Collingwood bungalow for sale: Georgian Meadows 3 bedroom (Listed 2010-10-27)#viewdetail#viewdetail http://ping.fm/6FJwJ

Wednesday, October 27, 2010

Facebook | Georgian Bowl http://ping.fm/IAx6Y
only $325,000 for this 3bd 2bth BUNGALOW in Georgian Meadows http://ping.fm/6uDzz
House Price Index - Newsletter http://ping.fm/tuHQu
YouTube - HST Confusion http://ping.fm/KuYO0

Tuesday, October 26, 2010

Town of Collingwood - Election 2010 Results http://ping.fm/T1qEw

Thursday, October 21, 2010

3 matthew CRT 425k - Wasaga Sands - Wasaga Beach, Ont., Canada House for sale, - http://ping.fm/BInMR

Saturday, October 16, 2010

Reduce, reuse, recycle just a start | Green Planet | Life | Toronto Sun http://ping.fm/jcifB

Thursday, October 14, 2010

RE/MAX CIE - 45th & Ramblewood Commercial CONDOS @ Ramblewood Place - Wasaga Beach, Ontario http://ping.fm/CHI4m

Monday, October 11, 2010

2010 Municipal Election List of Candidates | Town of Collingwood http://ping.fm/Tsf3J

Wednesday, October 6, 2010

Collingwood Area Real Estate - Jonathan Knight - Listings and Blog http://ping.fm/D5npW
RE/MAX CLEARVIEW INC, BROKERAGE, Stayner RE/MAX Real Estate Brokerage Office http://ping.fm/RoAR1

Tuesday, October 5, 2010

looking to sell your home don't delay we are actively seeking new listings

Monday, October 4, 2010

A bright idea gets bank backing - The Globe and Mail http://ping.fm/MomwD

Saturday, October 2, 2010

Collingwood Real Estate - Collingwood Listings - Current News & Data Blog http://ping.fm/PnOAR

Tuesday, September 28, 2010

Jewels? Overrated. Leave a mortgage http://ping.fm/xWNhv

Sunday, September 19, 2010

LoopNet - Ramblewood Place, Office Condo, 14 Ramblewood Drive, Wasaga Beach, ON http://ping.fm/YNbpF

Saturday, September 11, 2010

Wordstock Collingwood absolutely a great event http://ping.fm/IcVa7

Wednesday, September 8, 2010

CREAstats - Parry Sound Real Estate Board Real Estate Board http://ping.fm/GMD0y
CREAstats - Parry Sound Real Estate Board Real Estate Board http://ping.fm/rHNqR

Sunday, September 5, 2010

3 Stage House for rent: Osler 2 bedroom 2,000 sq.ft. (Listed 2010-07-14) http://ping.fm/95YYx

Saturday, September 4, 2010

a Wasaga Sands must see - 3 Matthew Crt, Wasaga Beach, ON, L9Z 1J5 | RE/MAX http://ping.fm/eR9FL

Tuesday, August 31, 2010

Downtown Webcam | Town of Collingwood http://ping.fm/wLRCa

Monday, August 30, 2010

Blog: changes......for buyers and sellers in TODAY'S market http://ping.fm/Mn8H6

Sunday, August 29, 2010

YouTube - MrJonathanJKnight's Channel http://ping.fm/Q0vun

Wednesday, August 25, 2010

YouTube - Travel Canada -- Ontario Getaways: Creemore, Collingwood and Thornbury http://ping.fm/zXRvu
Teranet – National Bank House Price Index™ http://ping.fm/ylCzA

Tuesday, August 24, 2010

Calculated Risk: Existing (U.S.) Home Sales lowest since 1996, 12.5 months of supply http://ping.fm/803CF

Sunday, August 22, 2010

great neighborhood awesome work incredible yard:
http://ping.fm/16YHp

Tuesday, August 17, 2010

Selling your home? ... these will all help.
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Saturday, August 14, 2010

you should see this one! -
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OPEN house Saturday AUG. 21 10am-2pm..
..http://ping.fm/BRG2I ... COME & be impressed.
looking for a new career that's a challenge is very rewarding a invloves woking with people?
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Friday, August 13, 2010

Important & relevant information for todays' real estate BUYERS
http://ping.fm/rIlQC
For your business move.....
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Friday, July 23, 2010

Résidence | The TuLyons | Residence | 1903 Chemin du Bord-du-Lac Road, L'Île-Bizard/Sainte-Geneviève Montréal# Property Listing: MLS# 8340618 http://ping.fm/luoyL

Wednesday, July 21, 2010

the perfect business place in Wasaga Beach - http://ping.fm/DbsCK
What is happening in Canadian Real Estate? call click or dropin to find out local info _ http://ping.fm/8puQj

Friday, July 16, 2010

Thursday, July 15, 2010

Tuesday, July 13, 2010

great new offering in Wasaga 1+ Acre 5bd 2bth
http://ping.fm/tAuTM

Monday, July 12, 2010

Wednesday, July 7, 2010

Wow things are clearing out! Great #s
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Wednesday, June 30, 2010

National House Pricing ..... call for local
info 441 6839.
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Wednesday, June 23, 2010

Thursday, June 17, 2010

Good News For Sellers : Housing Starts Fall To 1-Year Low In May 2010

Housing starts June 2008 - May 2010Single-family housing starts plummeted to a one-year low in May, just 30 days after soaring to a 20-month high.  It's no wonder home builders are confused.

Against a revised April figure, Housing Starts fell 97,000 units in May, a figure representing almost one-fifth of the total market size.

It's the worst showing for Housing Starts since May 2009, a surprise to builders and economists alike.

Furthermore, single-family Building Permits plunged in May, too -- down 10 percent from April. A permit is a certification from local government that authorizes home construction.

Housing permits are a precursor to Housing Starts with 82% of homes starting construction within 60 days of permit-issuance. Fewer permits, therefore, directly reduces the number of new homes coming to market in the coming months.

For home buyers in Collingwood , this should create a sense of urgency.

Home prices are based on supply and demand and supply appears to be falling about the same time that economists predict a surge in home demand.  It could spell rising home prices and a complete loss of negotiation power with home sellers.

For now, though, home affordability remains high with properties cheap and mortgage rates near all-time lows. If you plan to buy a home later this year, the May 2010 Housing Starts data may be a reason to move up your timeframe a bit.

Wednesday, June 16, 2010

CHEVROLET AVALANCHE 1500 in Toronto, ON - Vehicle Details - AutoTrader

CHEVROLET AVALANCHE 1500 in Toronto, ON - Vehicle Details - AutoTrader

Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week

Fannie Mae changes the interest only guidelinesIf you plan to finance your Wasaga Beach home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. 

Starting next week, Fannie Mae is clamping down on the popular loan product.

An "interest only" mortgage is exactly what its name implies -- a mortgage for which the monthly payments consist entirely of interest with no principal reduction. Because there's no amortization, payments are less costly on a month-to-month basis.

For example, assuming principal + interest payments at 5 percent, a $250,000 mortgage carries a monthly payment of $1,342.  The payment on a comparable interest only mortgage, however, drops to $1,042.

That's a payment difference of $300 and the size of the cost savings, not surprisingly, is the biggest reason why Fannie Mae is making its changes.

In its official announcement, Fannie Mae says it wants the give the interest only option to "borrowers who are in a position to choose it as a financial management tool" rather than allowing homeowners use it as an affordability tool for their budgets.

Going forward, there are new minimum standards for interest only home loans.

  • Applicants must have a 720 credit score or better
  • Applicants must have at least 24 months of reserves
  • The property type may not be a 2-unit, 3-unit or 4-unit
  • The property must be a primary residence, or vacation home

Furthermore, only purchase and rate-and-term refinances are eligible.  Cash out refinances are prohibited.

Interest only home loans aren't for everyone, but if you plan to finance with a Fannie Mae mortgage and interest only is your preference, get your loan application submitted as soon as possible. Starting Monday, approvals will be tougher to come by.

Tuesday, June 15, 2010

Shopping And Paying Bills Online? Here's Methods To Protect Your Online Financial Identity

In May 2010, Retail Sales at non-store retailers -- a category that includes Amazon and eBay -- topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online.  And we're paying our bills online, too.

But how well are we protecting our identities?

In this 5-minute piece from NBC's The Today Show, you'll learn the basics of online fraud and methods to minimize the likelihood of identity theft.  Furthermore, the tips go beyond the basic "choose a challenging password".  For example, you'll hear about:

  • Why you shouldn't pay bills from a coffee shop
  • Who might be hiding behind an unprotected public wifi network
  • The dangers of storing credit card numbers with an online retailer

And, although, at one point, the interviewee goes over the top with respect to spyware and anti-phishing prevention, the point being made is a good one -- you can't be too careful with your online financials and common sense goes a long way.

Monday, June 14, 2010

Change Your Air Filters Monthly (But Don't Go Cheap)

3M Filtrete for HVAC units

As the mercury rises into the summer months, don't forget to change your home's air filters regularly.  It not only extends the life of your HVAC unit, but can help keep your energy costs down, too.

Not all air filters are created alike, however. Don't go cheap.

Your local hardware store carries a variety of air filters ranging in price from less than a dollar to $20 or more per filter. They're all purported to do the same job, but after watching this 1-minute video, you'll see why cheaper isn't necessarily better.

Airborne particles are smaller than most mesh filters. Pleated filters are recommended instead.

 

Most high-quality air filters start around $11 and can be purchased in bulk from Amazon at discounts of up to 20 percent.  3M's Filtrete line of products is a popular, well-selling brand and can last up to 3 months.

If your home has shedding pets or is dust-prone, consider changing them monthly.

Friday, June 11, 2010

FHA Mortgage Insurance Premiums Approved To Triple In Cost

FHA mortgage insurance premiums approved to triple Starting sometime later this year, the monthly cost to carry an FHA-insured mortgage is expected to rise.

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

Currently, monthly mortgage insurance premiums are 0.55% of the unpaid loan balance, divided by 12.  The recently approved Federal Housing Administration Reform Act provides for an increase in monthly premium of up to 1.55 percent, among other details of the bill.

Despite the ability to charge 1.55 percent, FHA officials say an increase to 0.90 percent would be sufficient to self-insure its loans.

In everyday terms, assuming a $200,000 mortgage, the math to a homeowner looks as follows:

  • Current Premium (0.55%) : $91.67 monthly mortgage insurance premium
  • Expected Increase (0.90%) : $150.00 monthly mortgage insurance premium
  • Maximum Increase (1.55%) : $258.33 monthly mortgage insurance premium

A increase in monthly mortgage insurance premiums will reduce home affordability for buyers in Clearview and strain household budgets. 

The news isn't all terrible, however.

Because higher monthly insurance premiums are expected to pad the FHA coffers sufficiently, the FHA has said it plans to reduce its upfront mortgage insurance premium paid at closing from 2.25 percent down to 1.000 percent. 

On the same $200,000 mortgage, a move like that would reduces closing costs by $2,500.

The bill awaits companion legislation in Senate and final approval into law, but considering the House's lopsided vote Thursday, it could happen rather quickly.  If you're planning to buy or refinance a home using an FHA mortgage, you may find that waiting to take the next step could be a costly one, long-term.

The FHA insured close to a quarter of all mortgages made in the first three months of 2010.

Thursday, June 10, 2010

Bank Reposessions Reach Record Levels For The Second Straight Month

Foreclosure concentration, by state (May 2010)

According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide.

As compared to May 2009, all 50 states now show an increase in annual REO activity.

Data like that won't surprise today's active home buyers in Clearview.  Foreclosed homes are prevalent, available and accounted for one-third of all home resales made in April

Furthermore, total foreclosure actions -- the sum of REO, default notices, and foreclosure auctions in May -- topped 300,000 for the 15th straight month.

Foreclosures remain a huge influence on the housing market.

However, two interesting trends emerged in the data:

  1. 9 of the top 10 metro areas for foreclosure posted annual activity decreases
  2. Each of the top 4 states for Foreclosures per Household posted annual activity decreases

We can infer, therefore, that foreclosure activity may be in permanent decline in the areas hardest hit through 2007, 2008, and 2009.  In 2010, the data shows, foreclosures are waning.

This is reason for optimism -- especially as FHA delinquencies slow nationwide. As fewer homeowners go delinquent, the pace of foreclosures will slow further and that should help boost home values on every block in the country.

If you've been considered bank-owned homes for your own purchase, give a look at the RealtyTrac foreclosure report.  It's provides insight on a state-by-state level, and in the nation's largest metropolitan areas. 

 

Then, to complement your research, talk to your real estate about the foreclosure market and what opportunities may exist.   Competition for bank-owned homes can be fierce at times, but there's plenty of "deals" out there.

You just have to know where to look.

Wednesday, June 9, 2010

Another info blog --- we service Creemore and there are some awesome deals on the market
http://ping.fm/u7VzP

Conforming Loan Costs Are Rising, Says Freddie Mac

Mortgage discount points are risingMortgage rates may be dropping, but mortgage costs are not.

According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.

A "discount point" is prepaid mortgage interest; an up-front fee paid by a borrower in exchange for a lower mortgage rate. In most cases, discount points are tax-deductible.

Tax-deductible or not, though, rising costs are rising costs and Freddie Mac glosses over it.  In its weekly press release, the government group offers mortgage rate comparisons to weeks prior, but doesn't do the same for required points.

The press fails to mention discount points entirely.

An increase of 1/10 percent in discount points costs homebuyers and refinancing households in Clearview an extra $100 per $100,000 borrowed.

The hike reminds us that there's more to a mortgage than just its rate -- costs matter, too.  And if you've only been watching the headlines, you would have missed how costs are rising.

Tuesday, June 8, 2010

Fannie Mae's Loan Quality Initiative : Repulling Your Credit Just Before Closing

Fannie Mae adds credit repullsA new loan quality initiative from Fannie Mae is making it harder for Collingwood home buyers and refinancing homeowners everywhere to close on a mortgage.

Beginning June 1, 2010, with all new applications, Fannie Mae wants lenders to verify that borrowers have not taken on new debt during the underwriting phase of the mortgage. 

If new debts are found, the mortgage is subject to a re-underwrite and a possible turndown.

For Fannie Mae, the goal is to reduce the number of loans that go bad because of new, non-disclosed debt. Lenders have the freedom to verify in whatever manner they wish, but in most cases, the verification process will amount to a credit re-pull made just prior to closing.

The underwriters will be looking for 3 things in particular -- even after your loan is approved.

First, your updated credit report will show your current credit card bills and minimum monthly payments.  Those numbers will replace your original numbers made at the time of application.  If the debts exceed a certain threshold, your loan will be denied.

Second, underwriters will be looking at your updated credit score. If your FICO has dropped below minimum lending standards, your loan will be denied. Or, you may be subject to a new loan-level pricing adjustment. 

Loan level pricing adjustments are mandatory loan fee based on your credit score.

And, lastly, underwriters will be looking at your credit report's Credit Inquiry section. The goal is to see if you've been applying for credit elsewhere. Underwriters can use this information at their discretion.

Fannie Mae's Loan Quality Initiative is just one more way that the government-backed group is trying to improve its loan pools. Unfortunately, it'll mean more turndowns for mortgage applicants.

Therefore, take extra care of your credit between the time of application and the time of closing. Don't buy new cars, don't buy new appliances, and -- most definitely -- don't open new credit cards.  Be extra safe with your credit because a mortgage application that's supposedly cleared-to-close can be revoked at the eleventh hour.

When in doubt, talk to your loan officer about what may or may not trigger the Loan Quality Initiative.  Your loan approval is at stake.

Fannie Mae's Loan Quality Initiative : Repulling Your Credit Just Before Closing

Fannie Mae adds credit repullsA new loan quality initiative from Fannie Mae is making it harder for Clearview home buyers and refinancing homeowners everywhere to close on a mortgage.

Beginning June 1, 2010, with all new applications, Fannie Mae wants lenders to verify that borrowers have not taken on new debt during the underwriting phase of the mortgage. 

If new debts are found, the mortgage is subject to a re-underwrite and a possible turndown.

For Fannie Mae, the goal is to reduce the number of loans that go bad because of new, non-disclosed debt. Lenders have the freedom to verify in whatever manner they wish, but in most cases, the verification process will amount to a credit re-pull made just prior to closing.

The underwriters will be looking for 3 things in particular -- even after your loan is approved.

First, your updated credit report will show your current credit card bills and minimum monthly payments.  Those numbers will replace your original numbers made at the time of application.  If the debts exceed a certain threshold, your loan will be denied.

Second, underwriters will be looking at your updated credit score. If your FICO has dropped below minimum lending standards, your loan will be denied. Or, you may be subject to a new loan-level pricing adjustment. 

Loan level pricing adjustments are mandatory loan fee based on your credit score.

And, lastly, underwriters will be looking at your credit report's Credit Inquiry section. The goal is to see if you've been applying for credit elsewhere. Underwriters can use this information at their discretion.

Fannie Mae's Loan Quality Initiative is just one more way that the government-backed group is trying to improve its loan pools. Unfortunately, it'll mean more turndowns for mortgage applicants.

Therefore, take extra care of your credit between the time of application and the time of closing. Don't buy new cars, don't buy new appliances, and -- most definitely -- don't open new credit cards.  Be extra safe with your credit because a mortgage application that's supposedly cleared-to-close can be revoked at the eleventh hour.

When in doubt, talk to your loan officer about what may or may not trigger the Loan Quality Initiative.  Your loan approval is at stake.

Wednesday, June 2, 2010

Untitled

http://ping.fm/Ww2hI
.... for more information commentary and perspective... click the prompts and get your real estate dreams underway - today. JJK

Posted via web from collingwoodrealestate's posterous

http://ping.fm/Ww2hI
.... for more information commentary and perspective... click the prompts and get your real estate dreams underway - today. JJK

Wednesday, May 26, 2010

FW: Cottage inheritance: What could go wrong?

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Residential Real Estate News - Tuesday, May 25 2010

Cottage inheritance: What could go wrong?

As Allison Marshall prepared on Friday for the drive to her parents' cottage, succession planning was on her mind. Ms. Marshall, a Toronto-based financial advisory consultant with RBC Wealth Management Services, was concerned that her parents had not yet made official plans for their retreat on Little Rideau Lake, north of Kingston, and planned to raise the issue with them.

Globe and Mail   Tue May 25 2010 - Globe and Mail

Home ownership costs increase across Canada: RBC Report

Owning a home in Canada has become even more expensive - unless you live in Alberta, according to the latest housing report by RBC Economics Research. The report says homeownership costs in Canada rose for the third straight quarter across all housing segments in the first quarter of 2010. A strong real estate market and jacked up housing prices are getting the blame for putting a strain on Canadians' bank accounts.

CBC   Tue May 25 2010 - Globe and Mail - Financial Post

Mortgage holders 'well prepared' for rate hikes - Canadian Accredited Mortgage Professionals

A survey by the Canadian Association of Accredited Mortgage Professionals says Canadians appear well prepared to face the new phase of the residential mortgage market, in which interest rates are rising and house activity is expected to ease. The survey found Consumer concern about rising rates is offset by increasing home equity. Many mortgages were renegotiated at lower rates; amortization periods are declining. ...

REM Online   Tue May 25 2010

$70 Million Closed, 7 Financing Transactions Since May 1st

Firm Capital Corporation is pleased to announce the completion of seven financing transactions that total $70,815,000 since May 1st, 2010: (i) $10,000,000 first mortgage land loan for 384,184 sq. ft. high-rise residential condominium building with 424 units in Toronto (ii) $19,000,000 loan secured by an assignment of a debenture issued by a public REIT (iii) $8,500.000 first mortgage land loan on 160 acres of development lands in Airdrie Alberta .... Firm Capital Corporation News Release, May 20, 2010

 

New rules cuff some mortgages to banks

A headlock would be the wrestling term to describe the hold Canadian banks will have on some consumers because of new, more strict mortgage rules. We are already seeing the impact of the changes that came into effect on April 19, but were put in place well in advance by Canadian financial institutions. Consumers are increasingly selecting fixed-rate mortgages of five years or more because it's easier to qualify for them.

Financial Post   Tue May 25 2010

Inspection program targeting marijuana grow-ops violates Charter

Surrey Mayor Dianne Watts has vowed to press on with a program to shut down grow-ops - even after it lost out in court Thursday. The B.C. Court of Appeal has ruled that the Electrical and Fire Safety Inspection program, which allowed fire officials to enter homes without warrants, violated the Charter of Rights. "We have no intention of stopping the program," Watts told The Province.

Province   Fri May 21 2010

Real estate group's warning irks private seller

A Nova Scotian woman trying to sell her own home says she received a warning letter from real estate agents that was "threatening" in tone. Ruth Copeland decided to sell her home in Amherst privately. She was surprised to get a letter from the Nova Scotia Association of Realtors warning of possible risks, from potential lawsuits to "ill-intended" strangers in her house.

CBC   Fri May 21 2010

Canadian Restaurant Investment Summit, Toronto, May 26-27 2010

Founded by GE Capital, the inaugural annual investment conference is targeted to executives of Canadian restaurant franchise systems and their real estate, lending, and advisory partners. A closer look at determining optimal locations and landlord-restaurateur relationships will be on the menu combined with other timely insights by leading financial and economic analysts.

Register for only $795 plus GST

 

Mike Holmes: Energize this country

We all want to reduce our environmental footprint and be more responsible about how we live. I spec-in sustainable materials in all the houses I design and build, and whenever possible, make the better, greener choice. It was a disappointment to have the federal ecoENERGY Retrofit program cancelled. I'm just a contractor, not a politician, but it seems that was a government program that was working.

National Post   Tue May 25 2010

Behind the typical facade, this is a green house worthy of 2010

Driving or walking along the leafy streets in the Governor's Bridge district of Rosedale, you might never notice the house I'm writing about this week. It's new, but it fits without a glitch into the quiet urban streetscape of similarly new, stylistically old-fashioned homes. What counts about this 3,400-square-foot dwelling is not its architecture but its exceptional efficiency.

Globe and Mail   Fri May 21 2010

Strategic Defaults Are Endangering The U.S. Real Estate Market

Housing rescue measures like HAMP have failed to address the prevalence of strategic default, viewed increasingly as a valid option that has even spawned its own industry. Negative equity levels play a key role in the decision to abandon ship on underwater mortgages, an epidemic that is mostly contained in a handful of states and reversible only by broader economic and job recovery.

NuWire Investor   Tue May 25 2010

Real Estate Forums Fall 2010 Events Calendar

RealREIT

Toronto

September 14, 2010

Canadian Apartment Investment Conference

Toronto

September 15, 2010

RealLeasing

Toronto

September 23, 2010

Ottawa Real Estate Forum

Ottawa

October 14, 2010

Calgary Real Estate Forum

Calgary

October 20, 2010

Calgary Real Estate Leasing Conference

Calgary

October 21, 2010

Global Property Market

Toronto

November 30, 2010

Green Real Estate Forum

Toronto

December 1, 2010

Toronto Real Estate Forum

Toronto

December 1-2, 2010


For more information visit: realestateforums.com

 

Home > Residential > Market Conditions

Recreational property market heats up

A lakefront summer home in Canada still costs less than it did in pre-recession times but as the days warm up, so does the market. The RE/MAX recreational property report says prices have been rising on increased demand over the past three months. Nearly 80 per cent of recreation areas posted an upswing in market activity this spring with higher prices recorded on 43 per cent of sales.

CBC   Fri May 21 2010 - Victoria Times Colonist

An Olympic pause crimps home sales

House prices held steady, but overall sales in B.C. have plummeted since the winter boom months, according to a new study of the provincial residential real estate market . Sales in the first three months of the year fell by as much as 26.7 per cent, says the report by Landcor Data Corporation, which uses all sales figures for the province, not just those reported on the Multiple Listings Service.

Globe and Mail   Fri May 21 2010

U.S. home sales jump 7.6 per cent

U.S. home sales surpassed expectations for April as government incentives provided a temporary boost to the housing market. The National Association of Realtors said Monday that sales of previously owned homes rose 7.6 per cent to a seasonally adjusted annual rate of 5.77 million. That was the best showing in five months and better than the 5.63 million units economists had expected.

Globe and Mail   Tue May 25 2010 - CBC - National Post

Home > Residential > Mortgage and Finance

CIBC cuts 5-year mortgage rate

CIBC is cutting its posted rate for a five-year closed mortgage. The bank says it lower the rate by 0.11 per cent to 5.99 per cent effective Saturday. CIBC left its other rates unchanged. The move follows a similar cut announced by Canada's other big banks on Thursday. It will be the second rate cut this month.

Globe and Mail   Tue May 25 2010

RBC, TD cut 5-year fixed mortgage rates

Canada's largest bank is lowering its five-year fixed mortgage rate, the second reduction this month. RBC Royal Bank says the posted rate for five-year mortgages will be reduced by about one-10th of a percentage point to 5.99 per cent, effective Friday. Later in the day, Toronto-Dominion bank announced it, too, was cutting its benchmark five-year rate to 5.99.

CBC   Fri May 21 2010

Vacation property best left rented

As Baby Boomers near retirement, many may be considering the purchase of a remote cottage to get away from the rat race. The fantasy may even be to retire there, sell the city home and live off the proceeds. But if you think this demographic trend will yield spectacular financial gains, you should reconsider. Most financial planners view a primary residence as an item of consumption.

Financial Post   Tue May 25 2010

Why flipping is not investing in real estate

Building a real estate portfolio can mean working toward financial freedom - or it can mean taking risks that will give you more sleepless nights than days on the golf course. The difference, according to Don Campbell, is cash flow. 'I would never buy a property that didn't have positive cash flow,' says Mr. Campbell, president of the Real Estate Investment Network.

Globe and Mail   Fri May 21 2010

Mortgage rates head for heights

Whichever way you look at it, interest rates have been pretty low of late. However, fixed-rate mortgages have already started to rise and all the signs suggest the Bank of Canada will raise rates again in June --meaning that variable mortgage rate hikes are almost sure to follow.

National Post   Tue May 25 2010

New rules cuff some mortgagees to banks

A headlock would be the wrestling term to describe the hold Canadian banks will have on some consumers because of new, more strict mortgage rules. We are already seeing the impact of the changes that came into effect on April 19, but were put in place well in advance by Canadian financial institutions. Consumers are increasingly selecting fixed-rate mortgages of five years or more because it's easier to qualify for them.

Financial Post   Tue May 25 2010

Do I pay down my mortgage or invest in RRSPs?

Dear Mike: I hate debt and have been aggressively paying down my mortgage. I feel good about it, but I want to make sure I'm doing the right thing. What is your opinion on increasing mortgage payments versus saving more for retirement?

Canada.com   Tue May 25 2010

Home > Residential > Renovation, Repair and Maintenance

Mow the driveway

If Stefan Barth has his way, homeowners will be mowing their driveways this season, in addition to their lawns. His Ground Solutions company specializes in an interlocking grid system made of partially recycled plastic that allows grass to grow even with vehicles parked over top.

Globe and Mail   Fri May 21 2010

Home > Residential > Taxes and Utilities

Dislike of HST could fuel underground economy

There is fear in the home renovation industry as the July 1 introduction of the HST looms, and many believe it will lead to more under-the-table cash only work by fly-by-night operators. Renovators were riding a wave of wealth while the Home Renovation Tax Credit was in effect for the year leading up to Feb. 1. Mike Dinchik, the executive officer of the GWHA, said those in the renovation industry across the province are worried.

Windsor Star   Fri May 21 2010

Home > Residential > Cities, Towns and Urban Issues

Light, bright and just right

In Stratford, Ont., a 19th-century cottage sits amiably on its perch across from the storied Festival Theatre. During the structure's many years as a bed-and-breakfast inn, a loyal clientele would gather on the verandah to watch for the arrival of the trumpeters on the theatre balcony. The fanfare meant the moment had come for the guests to cross the road in time to see the curtain rise on that evening's Shakespeare production.

Globe and Mail   Fri May 21 2010

Coming Events

Canadian Restaurant Investment Summit

Wed May 26 2010 to Thu May 27 2010
Toronto, Ontario, Canada

Real Estate Institute of Canada Annual Conference

Wed Jun 02 2010 to Sun Jun 06 2010
Niagara Falls, Ontario, Canada

BOMA Canada National Conference and Exhibition

Tue Sep 14 2010 to Thu Sep 16 2010
Toronto, Ontario, Canada

Canadian Apartment Investment Conference

Wed Sep 15 2010 to Wed Sep 15 2010
Toronto, Ontario, Canada

Atlantic Connection

Tue Oct 05 2010 to Thu Oct 07 2010
Halifax, Nova Scotia, Canada

Waste Reduction Week

Tue Oct 19 2010 to Mon Oct 25 2010
Across, all of, Canada

Market Trends and Research

Coldwell Banker Real Estate Consumer Survey

Coldwell Banker

Multi-family Market Report for Greater Vancouver

NAI Commercial

Canadian Housing Trends - 2010 Royal LePage Market Survey Forecast

Royal LePage

New Housing and the Harmonized Sales Tax: Lessons from Ontario

The C.D. Howe Institute

Canadian household debt is 'Defying Gravity'

CIBC World Markets

CREA Increases 2009 Housing Sales Estimate

Canadian Real Estate Association

$110-million to study mentally ill on streets

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