Clarity on New Mortgage Rules

  Mortgage rules changed this year, causing some confusion for homebuyers and homeowners. For homebuyers, the biggest change is a reduction in the amortization period – the amount of time after which, if all monthly payments are made on time and in full, the mortgage loan will be repaid. Under the changes, the maximum amortization [...]

Bracebridge Cottage Sales Down

Last year January 1st 2010 to July 1st 2010 there were 20 waterfront cottage sales in Bracebridge. This year January 1st 2011 to July 1st 2011 there have been 13 waterfront cottage sales in Bracebridge. Thats a 35% drop in waterfront cottage sales for the Bracebridge area. As of July 5th 2011 there are currently [...]

Buyers Market Continues

We are still in what we call a ‘Buyers Market’. This means that there are more homes on the market than there are buyers to buy them. In-fact, there are currently only 2 buyers for every 10 homes listed for sale. How does this affect you as a seller? You will need to keep yourself [...]

Open Houses. Do they work?

If you are asking if an open house will help sell your home, then my answer is “unlikely”. Before the Internet boom (before the majority of people turned to the Internet to find their next home), people relied on printed MLS books, newspaper listings, Real Estate magazines, and driving around their desired neighbourhoods to find [...]

H.S.T.

The provinces of Ontario and British Columbia have agreed to implement the harmonized sales tax (HST), which would replace existing provincial sales taxes and the federal goods and services tax in those provinces beginning July 1, 2010 and would be administered by the Canada Revenue Agency. Legislation to enact the HST has been passed into [...]

Muskoka Real Estate Sales

Below is a chart that shows all Muskoka Real Estate sales for 2009 compared to Muskoka Real Estate sales in 2008. The price brackets are indicated on the left of the gragh, and the total number of units sold in Muskoka are indicated within the gragh. You will notice that, apart from Real Estate sales [...]

Muskoka Lakes Real Estate Sales Feb 2010

2010 shows a positive bounce back for February in residential, and especially Muskoka Lakes recreational and vacant lot sales.

Bracebridge Real Estate sales Feb 2010

Bracebridge Real Estate sales

We will always wonder if we could have got more…….

It is a classic feeling. You list your home at the recommended asking price, an offer is presented, and you sell your home. It doesn’t matter if you sold your home for full asking price, or bellow…we always wonder if we could have got more! It seems to be a natural reaction when we sell, [...]