Blog by Ravi Singh

"Low Levels Set Stage for Heated Spring Market" says ReMax

February 24th, 2010

ReMax Coloured Logo

ReMax has released a report today that states "the lack of inventory will be the greatest challenge facing housing markets across the country".
After examining the ReMax Market Trends Report for 2010 it was declared that there was an unusual amount of activity in one of the quietest months of the year. This has led to a decline of active listings in 81% of real estate markets across Canada. ...

New Mortgage Rules

February 22nd, 2010

Mortgage Photo

The announcement by Finance Minister Jim Flaherty regarding new mortgage rules will affect the real estate market in three ways as of April 19th 2010:

1. Qualifying for a mortgage - 1st time Buyers
2. Home investors
3. Re-financing your home

First time buyers are approved for a mortgage based on a 5 year mortgage rate. Before the new rules were applied a buyer was approved based on a 3 year ra ...

Implementing HST - Effective July 1st 2010

February 18th, 2010

HST Photo  The provinicial government has passed legislation to create a Harmonized Sales Tax (HST) of 13 percent. This will come into effect on July 1st 2010. Here is a brief list of information regarding HST and how it will affect your real estate purchases:

  • HST will not apply on the purchase price of re-sale homes
  • HST will apply to moving costs, any legal fees associated with the sale, home ins ...

33 Feint Drive, Ajax, ON

February 9th, 2010

I just finished uploading this Detached Home for sale, 33 Feint Drive, Ajax, ON

Welcome to the wonderful neighbourhood of Canterbury Trails in North Ajax. A stunning community of all-detached, all-brick homes, Canterbury was constructed by award winning Coughlan Homes whose reputation stands tall in Durham Region. Amenities of the neighbourhood include close local shopping and pr ...