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Household Debt Rates At Record Low
Canadian debt rates are improving! Mortgage rates shifted into a lower range in the late 1990s; this is when our long-term rise in household debt started. Canadians took advantage of lower interest rates to carry a higher level of debt. This year was the slowest debt growth Canada has seen in 35 years; according to…
Winter Home Decor
Winter is a beautiful season. There is nothing like a white christmas and playing in the snow with the kids! Not to mention decorating fun. Here are some decor tips for the season.If you have a fireplace; that is the centerpiece of your winter decor. Candles, a garland, greenery, pine cones and snowflake ornaments are…
Winter Home Prep
Owning a home requires maintenance, especially as seasons change. Here are some winter home prep tips to protect your home from the damage winter weather can cause. Trim your bushes and trees. Make sure any overgrown bushes or trees back away from your house and electrical wires. Pad exposed pipes in unheated areas. This helps…
Fixed Vs Variable: What Is Best For You?
With a fixed-rate mortgage interest is about a percentage point higher than with a variable rate. However with a variable rate your mortgage rate will fluctuate according to overall interest rates. Rising rates will mean either a higher monthly payment, or the same payment but with a larger share going to paying interest. Lenders give…
Good News!
Good news is the best news! According to the Canadian Mortgage and Housing Corporation (CMHC); home sales will continue increasing until 2020. New homes market in the Greater Toronto Area sales and openings have been gaining. Building Industry and Land Development Association (BILD) shows that there were 2,805 condominium apartments sold in October. Condo apartments…
Burlington Upgrades
Another new development in progress for Burlington. This brand new luxury condominium will include a fitness centre, a pet spa, a dining room, a party room with a full kitchen, a games room, a yoga studio space (indoor and outdoor), a rooftop patio, lounge and BBQ area, an eco-friendly green roof, an oversized patio located…
New Condominium For Burlington
There’s plans for lots of new development to come for Oakville and Burlington! There has not yet been a formal application for this project. The idea is an 11-storey, 132 unit, condominium building at 401 – 417 Martha St. downtown Burlington. This condo building would consist of 12 one bedroom units, 27 one bedroom, plus den…
Oakville Town Hall: Public Meeting
This December,10th, 2018; Oakville’s Planning and Development Council is having a public meeting where they will be presenting an Official Plan Amendment for a new development. Oakville residents are welcome. The meeting will be at 7 p.m. at Town Hall, 1225 Trafalgar Rd. This development would consist of 290 apartments, and 15 stacked townhouses. In…
Shocking News About Oakville Homes Pt3
Not in accordance with general news the real estate market is doing more than well in Oakville. The overall average price of homes in Oakville has been continually increasing since this summer. In July 2018 the average price of homes; this includes 2, 3, and 4 plus beds was $1,160,891. In August this number increased…