Happy New Year everyone !!!! We have a clean slate and a fresh start to what I think is going to be a brilliant year in real estate. The market is healthy, sales are up and interest rates are still low. What more could a buyer or seller ask for !
I do see the interest rates slowing increasing over the course of the this year, so if you are still sitting on the fence, now is definitely the time to bite the bullet and get searching for that home of your dreams.
If you are considering selling, I foresee a Spring market with a lot of inventory. If timing really isn't a major issue in your decision, consider selling sooner rather than later because you will have less competition and who knows what the interest rates will be down the road and how they will effect the house prices.
Some interesting tidbits, you might want to keep in mind:
The non-refundable Home Renovation Tax Credit (HRTC) is based on eligible expenses for work performed or goods acquired after January 27, 2009, and before February 1, 2010, in respect of an eligible dwelling, pursuant to an agreement entered into after January 27, 2009.
I have attached the link for more information here:
http://www.cra-arc.gc.ca/nwsrm/txtps/2009/tt091103-eng.htmlAs far as Land Transfer Taxes, please find a link to a calculator to help you figure it out below:
http://www.torontorealestateboard.com/LTT_splash/ltt_calculator.htmLatest Market Watch (December 2009) released from the Toronto Real Estate Board is also an interesting read if you are considering making a move.
http://www.torontorealestateboard.com/consumer_info/market_news/mw2009/pdf/mw0912.pdfAnd don't forget, if you have any real estate questions that you need an answer to, please don't hesitate to email me at
michelle.makos@rogers.com and I will do my best to get it answered for you quickly and efficiently.
On that note, have the best year yet and I look forward to working with you in the future.
Cheers
Michelle
