Colin Behan Sales Representative
Agent Blogs
Aug 13
2010
Blog posted by Cory Kline, AMP :
Views (270) :
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The bond rate continued to drop the past week. It's now at the lowest level in 2010. Weak economic news from around the world has been the main driving force. If this continues to stay in these ranges, I expect the Bank of Canada may halt the projected increases in prime rate.
The recent... [ more ]
Aug 6
2010
Blog posted by Terry Leclair :
Views (456) :
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Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. were down considerably in July 2010. A slowdown in demand in Ontario had been widely expected in July, with many purchases having been brought forward... [ more ]
Jul 20
2010
Blog posted by Cory Kline, AMP :
Views (495) :
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As expected the Bank of Canada raised their rate by 1/4% this morning. Bank prime is now at 2.75%.
They comment that inflation is in line with their projections. Also, that overall economic growth is weaker than previously anticipated. Hopefully this will mean rates staying in... [ more ]
Jul 1
2010
Expert Question posted by Joanne McPhail :
Views (518) :
Hmmm...this is more of a question for a realtor than a lawyer I think...I am fairly sure they can access the last transaction so I believe they can tell you what the Vendors purchased the home for. I am not sure if they can go back further than that. If you really want to know, your... [ more ]
Jun 21
2010
Expert Question posted by Joanne McPhail :
Views (623) :
Sorry, I do not know the answer to this, however, I believe the school boards have a web site which allows you to do a search by address, to determine what school area you are in. Try googling the Simcoe County Catholic School Board to find the site! Good luck! [ more ]
Jun 8
2010
Expert Question posted by John Parkin :
Views (620) :
Mike: A home inspection is a visual examination of the structure and function of the home and major appliances. The time taken depends on the size of the home. We encourage you to attend, and we show you any problems or issues and discuss maintenance items. If you have specific questions, you can... [ more ]
Jun 1
2010
Blog posted by Cory Kline, AMP :
Views (1185) :
(0 comments)
Well it finally happened, the Bank of Canada raised it's rate by 1/4% this morning. This is the start of an upward trend with them.
Their last paragraph in the announcement speaks as to the uncertainty in the markets. They are acknowledging that they will be cautious on more rate increases... [ more ]
May 18
2010
Blog posted by Cory Kline, AMP :
Views (1320) :
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I just want to provide a head up for anyone who may be in the market for an upcoming mortgage and who may not be watching the Bank of Canada announcements or long term rate predictions. If you haven't been following them closely, they are still near the lowest in History however this will not... [ more ]
May 15
2010
Expert Question posted by Joanne McPhail :
Views (1005) :
Hi Mark! Unfortunately, I think this is more of a question for your accountant. You will want to be very careful about doing anything until you have obtained tax advice, and also have a separation agreement, so that everyone is clear on tax and family law implications. If... [ more ]
May 11
2010
Expert Question posted by Joanne McPhail :
Views (990) :
Actually, you are correct, in that Ont. Reg 48/01 does stipulate in section 18(2) that a status certificate cost shall not exceed $100.00, inclusive of all applicable taxes. However, in my experience, most condo corps have been charging $100 plus GST. With the advent of the HST, I can... [ more ]
Apr 20
2010
Blog posted by Cory Kline, AMP :
Views (1702) :
(0 comments)
The Canadian dollar rose sharply Tuesday as the Bank of Canada warned that it will be raising interest rates.
At mid-morning, the dollar was up 1.6 cents to 100.14 cents US.
The Bank of Canada kept its key lending rate unchanged Tuesday, but warned that its low-rate policy has a limited future.... [ more ]
Apr 14
2010
Blog posted by Cory Kline, AMP :
Views (1759) :
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On February 16, 2010, the Government of Canada announced a series of regulatory changes to support the long-term stability of Canada’s housing market. The following changes will be in effect as of Monday April 19, 2010:
Qualifying Rate:
• Fixed Rate Mortgages of terms less than 5... [ more ]
Mar 29
2010
Blog posted by Cory Kline, AMP :
Views (1872) :
(0 comments)
Royal Bank and TD Canada Trust announced Monday they are increasing several mortgage rates by up to 6/10ths of a percentage point.
The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That's the posted... [ more ]
Mar 29
2010
Blog posted by Joanne McPhail :
Views (1712) :
(0 comments)
Many potential home buyers and sellers have been worried about the implications of the HST which kicks in as of July 1, 2010. In fact, no HST will be applicable on the purchase price of a resale home. Some ancillary services, however, will be subject to the new tax. Sellers will have to pay 13%... [ more ]
Mar 27
2010
Expert Question posted by Joanne McPhail :
Views (1346) :
Thanks for asking! Our fee for a purchase with one mortgage is $900.00 plus GST. Then there are "disbursements" on top of that - these are out-of-pocket expenses incurred by us in order to complete your purchase (like registration fees, title insurance fees,... [ more ]
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