21 East 16th Street on Sunday April 5th between 2:00pm and 4:00pm.
Great family home located in a prime central mountain neighbourhood. This recently updated detached 3 bedroom, 2 bath, 2.5 storey beauty offers a separate dining room and living room, main floor den, with a large eat-in kitchen with walk-out to large deck and private backyard. Recently painted and updated. Up on the mountain, but close to downtown! Minutes to shopping, school, recreation and other amenities.
Bring all offers! Come see it before it sells. A beautiful home for only $199.000!
Own this beautiful Hamilton home for payments as low as $385.66!
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For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit me again on my website www.seansells.ca or www.seankavanagh.ca or call me at 905-220-9198 and I'd be glad to answer any questions to accommodate all of your real estate needs.
First-time homebuyers are being lured into the real-estate market by falling prices, lower interest rates, more selection and new government tax credit incentives. Century 21 Miller Real Estate in Oakville, Ontario has reported that sales were up in February, after a terrible January, driven by more first-time buyers entering the market. Many renters are deciding to stop paying the landlord’s mortgage so they can start paying their own. With interest rates at record lows and falling housing prices has sparked first time buyers to jump at the chance to get on the property ladder.
With an abundant surplus of houses for sale, no bidding wars and houses that sit on the market longer allows home shoppers to take their time and find a house for a price they want to pay….and a price they feel is fair value for the property.
For any buyer who is willing to take on a fixer-upper is in a great position to take advantage of the great investment opportunities this market provides them. Not only will buyers be able to pick up homes for a great price, they will be able to get the government to help pay for the necessary renovations.
Ottawa recently announced new tax credits of up to $1,350 for homebuyers to renovate their house or cottage. It also increased the amount first-time homebuyers can withdraw from their RRSPs from $20,000 to $25,000, and implemented a tax credit for first-timers of up to $750 to help cover closing costs.
For more information on buying or selling real estate in Burlington or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit me again on my website www.seansells.ca or call me at 905-220-9198 and I'd be glad to answer any questions to accommodate all of your real estate needs.
With the housing industry struggling to recover, the provincial government has implemented a new tax plan to set the industry back yet again.
Dalton McGuinty's government’s plan to harmonize the 8-per-cent provincial sales tax with the 5-per-cent federal goods and services tax will add an extra financial burden on those interested in venturing into the housing market. The new blended sales tax will add a tax burden to many household goods that are currently not subject to provincial sales tax, including the purchase of new homes above $400,000 and the closing costs on the sale of existing houses.
A $360,000 house will add approximately $2,037 to the purchase of a resale home. Resale real estate transactions are not subject to the extra tax on the home itself, just on the costs associated with closing the transactions. Home buyers who are considering purchasing a new construction home that costs more than $400,000 will be subject to the full 13% harmonized tax. New homes sold for under $400,000 are exempt from the extra taxation.
With Toronto residents recently having to swallow the double land transfer tax hit, the province is going after them again with their 13% harmonized tax. Home buyers in Toronto are often already paying $4,000 to Toronto and another $4,000 to the province for the land transfer tax. Now with the added tax due to the harmonization of sales tax, Toronto is becoming even more unaffordable.
The positive is knowing the plan is not set to take place until July 1, 2010. If you were thinking of buying in the near future, you could save yourself some money by completing your real estate transactions before July 1, 2010 to save you some money. If you are a Toronto resident, you would also want to consider moving out of the city to avoid paying the double land transfer tax. Buy moving out of the city and purchasing before July 1, 2010, you would be saving yourself approximately $6000.
For more information on buying or selling real estate in Burlington or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit me again on my website www.seansells.ca or call me at 905-220-9198 and I'd be glad to answer any questions to accommodate all of your real estate needs.
Term Rate
6 months 5.20%
1 Year 3.25%
2 Year 3.79%
3 Year 3.90%
4 Year 3.94%
5 Year 3.99%
7 Year 4.95%
10 Year 5.25%
Prime 2.5%
Variable 3.30%
Let me help you save money! Send me your email address or give me a call and I’ll send you periodical interest rate updates, along with any other market information you may be interested in.
Buyers and sellers can find everything they need to make the most informed choices on properties in Burlington or Oakville by calling 905-220-9198 or by visiting my real estate resource centre at www.seansells.ca.
House prices continued to slide across Canada in February compared to the same time last year, but activity was up for the first time since September.
The Canadian Real Estate Association said Monday that resale home prices fell 9.2 per cent across Canada last month to an average of $281,972. CREA, also said the number of homes that traded hands on the MLS was up 8.6 per cent. "The first monthly increase in activity since September 2008."
CREA president Calvin Lindberg said the market typically picks up in February and into the spring, but that this year buyers are being lured by historically low mortgage rates and increased affordability. "Realtors are reporting increased interest especially from first time home buyers," Lindberg said.
Ottawa also recently announced incentives for first-time home buyers including an increase in how much they can withdraw from their RRSPs from $20,000 to $25,000, as well as a tax credit of up to $750 to help cover closing costs.
"Heightened job insecurity will keep many potential home buyers on the sidelines. Those who are confident about their job situation will benefit from improving affordability in a number of housing markets."
For more information on buying or selling real estate in Burlington or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit me again on my website www.seansells.ca or call me at 905-220-9198 and I'd be glad to answer any questions to accommodate all of your real estate needs.
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