Archive for the 'Money Matters' Category

Top 6 Local Tax Rates: A Comparison

It’s that time again:  our local municipalities have set their 2017 tax rates. Municipal Property Taxes are made up of three elements: Education taxes: This rate is set by the Province of Ontario, and collected by your municipality. The monies collected are remitted to your district school board. County taxes: This rate is based on […]

Want to Share A House? (and other ideas about co-ownership)

In Canada, the most common language we hear in residential zoning bylaws refers to “single family” homes but times are changing and new forms of ownership are emerging. Canadians on average, moves every 5 years or so whereas in Europe, people move about 4 times in their lifetime. Homes may be owned for generations and, […]

Real Estate Price Changes since 2010 in Southern Georgian Bay

Whenever we experience a shift in the real estate market, I like to take a closer at various statistics so thought I’d share. If you’ve owned a home in Collingwood, Blue Mountain, Wasaga Beach and area, chances are that the value of your property has had an average annual return of somewhere between 7% to […]

A Map of Real Estate Prices in the Collingwood, Blue Mountain and Area

Although the Southern Georgian Bay region is relatively small, it encompasses six key areas including Collingwood, Clearview Township, the Town of Blue Mountains, Grey Highlands, Wasaga Beach and Meaford.  Despite their close proximity to one another, average residential sale prices are notedly different in each as the map below shows. The Blue Mountains average sale […]

Housing Grants in the Town of Blue Mountains

Have you heard of The Blue Mountains Attainable Housing Corporation? It is a not-for-profit corporation, established in 2014 and wholly owned by the municipality. According to their website, the purpose of the Corporation is, “to augment the supply of healthy and sustainable ownership housing units in The Blue Mountains which are affordable to a larger […]

Canadian Mortgage Rates Are Rising – Should Variable-Rate Borrowers Lock In? Tuesday Morning Interest Rate Update (July 4, 2017)

If you’ve been wondering about locking in a mortgage, here is an excellent post by David Larock who is an independent full-time mortgage broker and industry insider. Last week Bank of Canada (BoC) Governor Poloz eliminated any doubt about the BoC’s near-term plans. During an interview on CNBC he said that the two 0.25% […]

Look at what happened to prices in this Blue Mountain condo development in just two years!

Look at this chart.  These are the sale prices of units that have sold in Mountain Springs Resort near Blue Mountain over the last two years.  All are the same size (737 square feet) although there are some variances in condition of a unit or the views they may have.  Nonetheless, they are pretty similar. […]

Your Mortgage Costs Could Go Up Next Month with THIS News

As if homebuyers don’t have a hard enough time these days in buying a home, there is another whammy ahead. If you are planning to buy a property and require financing, you should take note that new insurance premiums on mortgages will take effective on March 17, 2017. The percentage changes are pretty significant as […]

These Quick Videos Explain Real Estate Programs and Financial Terms

The Canadian Real Estate Association has released 8 quick videos that can be helpful for home buyers. In about one minute, each video talks about things such as the Canadian Home Buyers Program, amortization schedules, pre-payments, tax credits and more. Click here to view.

Ontario Land Transfer Tax Rebate 2017

Ontario made some changes this month increasing the Land Transfer Tax rebate for first time home buyers to a new maximum of $4,000.00.  The video below explains a little more and this website includes calculators and other information you may want to have.

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