September 8th is the next date set by the Bank of Canada to meet about interest rates and setting the key overnight rate. With Canada’s fragile recovery, and with a lacklustre GDP down 3.8 percent to 2 percent in second quarter 2010, financial pundits are predicting the central bank will not raise rates at this [...]
Owners of Blue Mountain real estate, especially investment condos and chalets, will be interested in this Public Notice issued by the Town of the Blue Mountains regarding the Ontario Municipal Board Hearing about Short Term Accommodation Uses. At the heart of the issue are the proposed further regulations, in the Blue Mountains, which restrict short-term rentals. According to [...]
In Ontario, first-time home buyers may be eligible for a refund of land transfer taxes to a maximum of $2,000. The refund can be claimed at the time of registration to offset the tax ordinarily payable at the time or, buyers can claim their refund directly from the Ontario Ministry of Revenue if they do [...]
The Bank of Canada set it’s trend-setting interest rate at 0.75% today, up 0.25% from it’s previous overnight rate, according to this article in the Toronto Star, which stated in part: “The hike continues the Bank’s movement away from the rock-bottom interest-rate policy Carney adopted during the depth of the recession. After keeping the rate [...]
I’m referring to the interest rate type, not the go-for-a-walk-in-the-country type. Tuesday is the next scheduled key interest rate announcement for the Bank of Canada. The Bank of Canada carries out monetary policy by effecting short-term interest rates in Canada. This is achieved by lower or raising the ‘target for the overnight rate.’ The rate [...]
One of the cool tools I have available as a blogger is a report I can access which shows the most frequently used key words that land people on my blog. It’s always a surprise to me to see what is on peoples mind – “aluminum wiring”, “value of a corner lot” , “best Thai [...]
In Parts 1, 2 and 3 of this series, we’ve looked at the things you need to consider when buying a condominium for both personal use with income potential: • Will you be renting it out seasonally or for short time periods under 30 days? • Do you wish to be part of a managed rental pool [...]
Earth Day seems like the perfect day to share some good news on the ecoEnergy front. On March 31st of this year, the Federal government abruptly announced an immediate end to their very popular ecoEnergy Retrofit Homes Program. Under that initiative, homeowners were able to access grants of up to $10,000 of combined Federal and Provincial contributions [...]
We all know that interest rates were destined to rise and the warnings have been out for some time now. The new mortgage rules, designed to cusion the blow of higher rates, also take effect next week on April 19th. Moments ago, I got this email from Michelle Reichart at Invis: Here is the latest on rate [...]
If you plant to relocate to Collingwood-Blue Mountain, chances are you might also be embarking on a job hunt. Where do you find a job in the area? You can begin by searching online at well known sites such as Workopolis, Monster and Local Work. You can also check the Service Canada Job Bank and of course the [...]
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