Fire Insurance No one plans on or expects a fire to happen to them. But it is possible, and fire insurance on any dwelling is an absolute necessity. If you have a mortgage on your home that is insured by the National Housing Act the fire insurance policy you take out must be equal to [...]
Archive for the ‘General Topics’ Category
Protect Your Home & Business
Posted in General Topics on July 20, 2010 | Leave a Comment »
Your Canadian Flag
Posted in General Topics on July 9, 2010 | Leave a Comment »
Its July 5th and the bracket holding my Canadian flag pole to the front of my house decided to break. So I made and installed a new bracket to hold my Canadian flag. But as I stood back to admire my flag it made me take a look up and down my street looking for [...]
New Homes And The HST
Posted in General Topics on June 22, 2010 | Leave a Comment »
I have just received a booklet in the mail titled “What changes – and what doesn’t change – under HST”. Under the heading of “Home Purchases” it states that for “New Homes up to $400,000″ prior to July 1, 2010 there was a 5% GST charge and No PST. But after July 1, 2010 “there [...]
HST on Resale vs New Homes
Posted in General Topics on June 21, 2010 | Leave a Comment »
Buyers and Sellers must understand that there is no HST on the price of a resale residential home. But the HST that applies to New Homes will be 13% after July 1, 2010! Yes the builders will be adding, or hiding, this price into the published price of a new home and most buyers will [...]
New mortgage rules take effect April 19
Posted in General Topics on April 12, 2010 | Leave a Comment »
Recent changes to Canada’s mortgage rules announced by the Minister of Finance, the Honourable Jim Flaherty, will take effect April 19, 2010. The changes have three different components: • Requiring that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter [...]
Don’t buy Mortgage Insurance through the bank… Please!
Posted in General Topics on April 6, 2010 | Leave a Comment »
Mortgage Insurance The purpose of mortgage insurance is to provide your loved ones with a way to pay for the mortgage if something were to happen to you. Purchasing your coverage through an Independent Insurance Broker will ensure you get the very best price available and your policy is fully underwritten at the time of [...]
Do you have a Hot Water Boiler Heating System in your home?
Posted in General Topics on April 6, 2010 | Leave a Comment »
TSSA mandates CO detectors for Residential Natural Gas Boilers Heating contractor technicians are legally required to check CO (Carbon Monoxide) levels when they enter a building with a natural draft boiler. This check will be performed, even if this is not the reason for the service call. The TSSA requires a CO check to be [...]
If You Dig Straight Down You’ll Eventually Reach?
Posted in General Topics on March 20, 2010 | Leave a Comment »
Check out where you are and where you’ll end up. A bit of fun. Remember when you were a kid and you thought that if you dug straight down through the earth you would come up in China. Well guess again. Chances are you’ll need your scuba gear because you’ll probably come up into water.
Ontario Real Estate Associations view on HST
Posted in General Topics on March 19, 2010 | Leave a Comment »
Is it fair to implement a new tax on the services related to housing? The HST is going to increase the costs of not only the real estate commissions and lawyers fees when a home owner sells their home but the new tax is also going to be added to other services like hydro and heating fuels. Did we [...]
WHAT DOES STREET APPEAL MEAN?
Posted in General Topics on March 3, 2010 | Leave a Comment »
Can this be right? Looks like the owners of these homes have a different idea as to what street appeal means.
