Today the Government of Ontario formally launched its latest assault on homeowners, purchasers and sellers with the introduction of Bill 218, the Ontario Tax Plan for More Jobs and Growth Act, 2009, says the Ontario Real Estate Association.
Effective July 1, 2010, home buyers and sellers will pay 8 per cent more on legal fees, appraisals, real estate commissions, home inspection fees, and moving costs, adding about $1,500 in new taxes to the average residential real estate transaction in Ontario.
FOR MORE INFORMATION AND CALL TO ACTION: click here
It's a healthy way of life: No bags and filters means no dust or odors. Just plug the hose into the nearest inlet, and you're on your way to a cleaner home. Dirt is swept through a network of tubing and deposited into the removable dirt canister. Fine dust particles and exhaust odors are vented outdoors.
It's Powerful: Sustained Cleaning Power is the ability to maintain Maximum Cleaning Power over time. The very first time you vacuum with a traditional system that has a bag or filter, there will be a measurable decrease in suction power and airflow as dirt and dust begin to accumulate. Central Vac Units typically provide Sustained Cleaning Power by separating the dirt from the airflow--without bags or filters. In fact, 96-98% of all dirt swept into the system is deposited into the dirt canister. The remaining fine dust particles are exhausted outside. The powerful performance of a central vac system does not decrease as dirt accumulates in the dirt canister.
It's Convenient: No big, heavy equipment to lug around. A lightweight flexible hose, the wands, and the attachments are all you need. Just plug the hose into the nearest inlet for easy and convenient cleaning.
It's Cost efficient: For about the same price as a premium upright or canister, you can have all the conveniences and advantages of a central cleaning system in your home! Plus, an installed central vac system adds to the resale value of your home. Built-In Central Vacuum: It's cleaner, more powerful and easier to use.
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Improved Indoor Air Quality: With a central vacuum system, you have the power and versatility to make your home healthy for you and your family. According to the Environmental Protection Agency, "the air inside your home can be even more polluted than the outside air of most industrialized cities." Since people spend an average of 90% of their time indoors, indoor air quality becomes a large issue, especially if you or anyone in your family suffers from allergies or asthma. One way to combat this problem and attack the harmful allergens and irritants is with a central vacuum system. With 20% of the population affected by allergies or asthma, it is important that you rid your home of these harmful irritants.1 Dustmites, pet dander, dust, mold, and pollen are the leading cause of indoor allergies. Keeping your carpets dry and cleaning your home with a central vacuum system will help rid you of these allergens.
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Protect Investments While Adding Value to Your Home: Don't waste time and money on other vacuum cleaners when you can have a central vacuum system easily installed in your new or existing home with no heavy construction or remodeling. Not only does a central vacuum system add value, but it's your first line of defense in protecting your investment in your home's floor covering: rugs, carpet, stone, tile, wood, etc. A central vacuum system is a surprisingly economical investment that adds permanent value to your home. It is built to last, making it an excellent selling feature when reselling your home.
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Powerful Vacuum:
With 3-5 times more cleaning power than most portable vacuum cleaners, you get a superior cleaning in less time. Since the central vacuum power unit is located in a closet, the garage or basement and you aren't having to carry it around while you clean, it can have larger, more powerful motor. The central vacuum allows you to pick up more debris with less hassle than a portable. The 5.1" motors are the largest motors you will find in most portable vacuums. Normally they are quite smaller. |
Large Dirt Collection: The large dimensions of the dirt canisters allow the vacuum to pick up a lot of debris before it needs to be emptied. The dirt canisters hold gallons of debris. With all of this space for dirt collection it could be months before your dirt canister needs emptying. Depending on how often you clean and how much you vacuum up with your central vac system will determine the length of time before you need to empty the canister.
If you or anyone you know is thinking of making a move in the near future feel free to let me know. I'd be more than happy to help!
Save up to $1,350 on home improvements purchased before February 1, 2010.
The Home Renovation Tax Credit applies to eligible expenses of more than $1,000, but not more than $10,000, resulting in a maximum non-refundable tax credit of $1,350 [($10,000 - $1000) x 15%].
You can claim a non-refundable tax credit on your 2009 income tax return. This tax credit is based on eligible expenses incurred for work performed or goods acquired after January 27, 2009 and before February 1, 2010. Only agreements entered into after January 27, 2009 and related to a qualified dwelling are eligible.
Where can you get Home Renovation Tax Credit envelopes?
Home Renovation Tax Credit envelopes will be available by the beginning of September. [more...]
Eligibility, time limits, dwelling and eligible expenses [more...]
Worksheet and examples of calculations [more...]
Acceptable supporting documentation, medical expense tax credit and other tax credits [more...]
For more information about the Home Renovation Tax Credit, please call 1-888-959-1-CRA or visit www.cra.gc.ca/hrtc
As we celebrate that the Canadian economy is beginning to heal, consider the fact that the sale of a single home can boost the economy substantially.
The ripple effect set off by the sale of each house is far-reaching, as indicated by a new report for The Canadian Real Estate Association. It found that between 2006 and 2008, about $46,400 in ancillary spending (on items other than the house and land) was generated by the average housing transaction in Canada. Per transaction ancillary spending varied somewhat by region, ranging from $28,925 per home purchase in Atlantic Canada, to $60,200 per home purchase in BC.
Considering the average of 480,120 home sales processed annually through MLS® during the period of 2006 to 2008, ancillary spending attributable to moving house totaled more than $22.3 billion per year across Canada. (Nearly half of these spin-off benefits were generated in Ontario alone where home buyers contributed $9.3 billion to the economy.)
The pattern of ancillary consumer spending generated by residential real estate transactions has tracked upwards in recent years:
Direct and indirect employment resulting from housing sales is also significant. Some 202,750 jobs are estimated to have been generated by average annual MLS® resale housing activity in Canada between 2006 and 2008, according to the study conducted by Altus Group Economic Consulting.
Jobs created or maintained by the sale of homes include:
The next time you buy or sell a home, congratulate yourself for helping the Canadian economy.
This article was reblogged from century21.ca
It's great to be involved in the Canadian real estate industry as we watch the market start to rebound, showing some of the best numbers in a while.
The number of Canadian homes sold went up 18%- the biggest year-over-year increase since early 2002, and the most homes sold countrywide - ever - in the third quarter of a year (July to September).
The Canadian Real Estate Association has just reported that 135,182 homes were sold countrywide in the third quarter, up 18 per cent from a year earlier and the most ever for the period.
Seasonally-adjusted national MLS home sales are at 127,941 homes in the third quarter, which sits at 45% above the low reached in the fourth quarter of 2008.
More than two-thirds of housing markets across Canada experienced as much as 34% increased activity in the third quarter over the second quarter of 2009 (April to June).
And there's been an increase in the short supply of homes on the market this past quarter, after a decline in house inventories from July 2008 to July 2009. But it hasn't been a big enough increase to send home prices spiking; there's only been a increase of 9.3% in average prices for MLS residential listings from spring 2009 to fall 2009.
These are encouraging statistics, to say the least. Rebounding consumer confidence as a result of an improving overall economic security, as well as continuing low interest rates, are responsible for the rebound in home sales.
It appears that the "bottom" of the real estate market in Canada has come and gone - and we are all rising up as the economy heals.
Americans Think of their Home as an ATM
Century21 Canada President Don Lawby was interviewed a few days ago by The Financial Post about how Canada's housing market is booming, while foreclosures still drag on the US.
Several reasons for this difference were examined, with the running theme of how much more conservative Canadian banks are when it comes to lending money, and how much more conservative Canadian consumers are when it comes to debt and living beyond their means. Americans see the value of their home more as an ATM than Canadians do.
Canada has benefited from having a more structured housing market. Don gives the banks in Canada a lot of credit for not creating products with low-interest payments upfront that give way to balloon payments. No-money-down loans have been banned by Ottawa for government-insured mortgages, and interest-only loans are rare in Canada.
How is the improving market affecting your decision to buy or sell a home? Let me know.
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