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 ye ...
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:
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 proximity to hi ...