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Friday, June 29, 2012

HAPPY CANADA DAY !

I was driving through a local neighbourhood today and was inspired by all the Canadian Flags lining the boulevard and driveways, It was so nice to see all of those Red and White Flags. We do live in a great country and it's nice to see the patriotism.

Have a Wonderful Long Weekend!

Canada_day

Tuesday, June 26, 2012

What Canada's New Mortgage Rules Mean to Homeowner

On June 21st The Minister of Finance announced some changes that will take effect on July 9, 2012 which will impact how BUYERS can qualify for mortgages. I have included a link to a BNN interview with TD’s chief economist, Craig Alexander, that can help explain these changes. 

Highlights of the changes are: 

  •  25 year amortization , down from 30
  •  Maximum refinance to 80% LTV
  •   Maximum Gross Debt Service ratio of 39% and Total Debt Service ratio of 44%     
  • Government-backed insured mortgages limited to homes with a purchase price of less than $1 million

http://watch.bnn.ca/#clip705589

 

Saturday, June 2, 2012

Benefits of Townhome Ownership

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No Matter what stage of life you are at, Owning or Purchasing a Townhome is an excellent idea!

Initially, townhouses belonged to a set of terraced houses, sharing walls with other homes built in the same architectural style. Members of the aristocracy often occupied them in Europe. Having “a house in town,” for example in places like London or Bath, generally meant owning a second or third home one visited during certain seasons.

Today Townhouses have undergone a dramatic shift. Instead of being domiciles for the wealthy, they have now become residences for people who are entering the housing market or "Right Sizing" their lifestyles and do not want the maintenance of a large 2 storey detached home or are adverse to renting. Like the townhouses of old, the modern townhouse shares walls in common with other townhouses making them very affordable. Given the average size of most Townhomes they are easy to decorate, easy to maintain and provide many of the amenities of larger detached homes such as master ensuite bathrooms,  3 or more bedrooms and quite often 3 or even 4 bathrooms. All of the above benefits makes owning a Townhome a great investment for the "First Time" home  buyer or "Empty Nester".  Most all Townhomes are two-story buildings with the odd 3 storey building sprinkled around.

Keep in Mind there can be 2 types of Townhome ownership in the market place, Freehold and Condominium. make you have a clear understanding of the differences between the two types of ownership.

For more information on Townhomes please feel free to contact me:

SCOTT ROY

RE/MAX Jazz inc. Brokerage 

Oshawa Ontario

(905) 728-1600 Office

(905) 435-7355 Direct

 

scott@lifeindurham.com

www.lifeindurham.com

 

Photos of Townhomes

 

Friday, June 1, 2012

Open House in Kawartha Lakes - Sunday June 3rd from 2- 4 pm

Fantastic Country Home on a 1 acre property just outside of Lindsay and North of Port Perry

On Sunday, June 3rd,  I will be hosting an Open House at 66 Cressweel in Manilla 

Map

This Home is wonderful retreat for anyone working in Oshawa, Whitby, Ajax or Pickering and wanting a country setting to raise a family. 4 + Bedrooms offers plenty of space for that growing family. The 1 Acre lot also provides opportunity for a pool or playground.The Surrounding area is great for the outdoor enthusiast - Snowmobile trails are just down the road and you are the gateway to cottage country!

There is a huge 24 x 36 garage located towards the back of the property with a paved driveway (recently paved in 2010). There is also a 2 car garage attached to the house with direct access to the home. Main Floor laundry makes life a touch easier and the large Country kitchen overlooks the sunken family room and backyard.

Plenty of space to entertain and enjoy family and friends with a separae formal living room and dining room.

Drop by for a visit of this wonderful home and I will be happy to tour you through all the wonderful aspects of this home

For more information Please contact me directly:

 

SCOTT ROY  

RE/MAX JAZZ

21 Drew Street, Oshawa Ontario

(905) 728-1600 office or (905) 435-7355 direct

scott@lifeindurham.com

 

Open House Saturday June 2nd & Sunday June 3rd from 2- 4

Open House this Weekend in Oshawa

This is a great opportunity to have alook around one of the few century style homes in the centre of Oshawa. This Home is close to everything yet provides a quiet setting. Schools are within walking distance (Both Junior Grades and High School).

  • This Charming Home has 4 + 1 Bedrooms and 3 Bathrooms
  • Finished basement with 1 - 4 piece bathroom
  • Kitchen has been renovated
  • The 3rd Floor or 1/2 Storey has a 2 piece "ensuite"

Drop by on either Saturday or Sunday for a visit and tour of this wonderful home!

 

If you have any real estate related questions or would like to see other homes in the area Please contact me today and I will be happy to help with any real estate needs you may have.

Thank you

 

SCOTT ROY

RE/MAX JAZZ

21 Drew St. Osawa, Ontario

(905) 728-1600