Burlington, ON

Open house at 4886 Verdi Street in Burlington on Saturday April 4th between 2:00pm and 4:00pm.

Upscale Alton Village corner lot beauty with 1900 ft2 of living space. 3 bedroom + Den and 2.5 bathrooms. Oversized Master bedroom with ensuite including Jacuzzi tub, separate shower and large walk-in closet. Eat-in kitchen with walkout to the fenced in yard. Separate dining room, bedroom level laundry and high end upgrades throughout. Inside garage access. Close to highways, shopping and schools. Great property for young families who need the extra space!

Bring all offers! Come see it before it sells. A beautiful home for only $339,900!

Own this Burlington Beauty for payments as low as $676.90!

For your community real estate resource centre, click here.

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 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.

As many are aware we will likely have to not only charge 5% on our commissions, but an additional tax to a total of 13% on Realtor Commissions. However I thought it would be good to provide a summary of the rebate programs available by the Provincial and Federal Governments.

Home Buyers Plan A Program that allows you to withdraw up to $ 25,000 from your RRSP towards buying or building a qualifying home for yourself or for a related person with a disability .

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html

Home Renovation Tax Credit You can qualify for $ 1, 350 on home renovations if they are completed by next February.

http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html

First Time Buyer's Tax Credit First time buyers are getting assistance from the government. You can now qualify up to $ 750.00 on your closing costs.

http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html

Eco Energy Retrofit Program Should you decide to improve the energy efficiency of your home, an energy audit is completed on your home. You can qualify up to a maximum of $ 5000.00

http://www.ecoaction.gc.ca/index-eng.cfm

Land Transfer Rebate The Land transfer tax rebate program for First time Buyers is available and pays to a maximum of $ 2000.00

http://www.rev.gov.on.ca/english/bulletins/ltt/1_2008.html

The links work at time of posting , additional information can be found on my blog www.carlstars.com/blog

All information deemed reliable but not guaranteed.

I will be hosting an open house today at 592 Vanderburgh Drive, Burlington ON. This home is steps to NorthShore where you can have an enjoyable stroll to spencer smith park. The home has hardwood and ceramics with a year round celarium. Walkout to decks, pool patio with gas barbeque. Granite kitchen and updated bathroom by Opal. MLS # H3007740 . Looking forward to seeing you there. Priced at $ 439,900.

The February market has showed signs of life with 750 sales. However please note this is a 27.6% DECREASE from last years stats. We have showed a 58% increase since January which demonstrates people have come out of hibernation. The average price of residential properties is at $ 278,611 which is impressive compared to what has happened in the United States. The actual market price decline is 4.2%.

As mentioned the biggest mistake people are making is they are chasing the market. Listing your home on "fall Statistics" makes no sense. Pricing is extremely critical, however I cannot emphasize enough the importance of home staging.

On a personal note I have ran open houses the past four weeks and the number of visitors has totalled to 56 family's and first time buyers. This is tremendous traffic! Thats is 14 per open house ! Many buyers are taking advantage of the land transfer tax rebate and various credits to off set costs for the first time home buyer. It has been a challenge to move the more expensive inventory and in my view the reductions have been more dramatic. Interest rates are very low and most mortgage people have been posting 2.5 plus .80 = 3.30 variable.

This is an excellent time to buy but as always I caution people to buy what they can afford.

Carl

some statistics provided from the hamilton real estate board

Construction is Underway for Affordable Housing in Burlington

The Government of Canada, the Government of Ontario and the Region of Halton are pleased to announce the construction of Bonnie Place II, an affordable housing development under the Canada - Ontario Affordable Housing Program located at 510 Claridge Road in Burlington.

The $15.6 million, 83-unit project is sponsored by Bonnie Place and received a total of $5.32 million for 76 units for people living on low incomes.

"The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most," said Mike Wallace, Member of Parliament for Burlington, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development. "The creation of these units here in Burlington will provide seniors, family and singles access to safe affordable and quality housing, helping them to build a stronger future."

"Our government is committed to helping people who live on lower or fixed incomes stay in their home communities," said Kevin Flynn, MPP for Oakville, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing. "This project will make it easier for individuals in the Burlington area to find a place to call home."

Federal and provincial allocations to the project will be complemented by more than $1.63 million in regional financial incentives.

"Affordable housing is vital to creating a healthy community," said Halton Regional Chair Gary Carr. "It is important that we continue to work together with the Federal and Provincial Government so we can create a mix of housing types and affordability levels for Halton residents of all incomes and stages of life."

"As a long standing housing provider with more than 40 years of service in the community, we are proud of this project which is targeted to be completed in early 2010," said Bob Bosworth, President of Bonnie Place and member of the Rotary Club of Burlington.

A total of seven Rotary Club members sit on the Bonnie Place Board of Directors along with a representative from the Knox Presbyterian United Church and another from CIBC Wood Gundy.

The Canada - Ontario Affordable Housing Program comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will invest at least $734 million in the program, which will provide affordable housing for 20,000 households in Ontario.

For further information please contact:

For more information visit:
http://www.mah.gov.on.ca

(article used with permission; courtesy of CMHC)

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Toronto Real Estate by Sylvie Conde - Broker
Sutton Group-Associates Realty Inc., Brokerage
416-966-0300
sconde@sutton.com
www.sylvieconde.com



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