February 16th, 2010
Ottawa, February 16, 2010
2010-011
Government of Canada Takes Action to Strengthen Housing Financing
The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.
"Canada's housing market is healthy, stable and supported by our country's solid economic fundamentals," said Minister Flaherty. "However, a key lesson of the global financial crisis is that early policy action can help prevent negative trends from developing."
The Government will therefore adjust the rules for government-backed insured mortgages as follows:
Require 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 term. This initiative will help Canadians prepare for higher interest rates in the future.
Lower the maximum amount Canadians can withdraw in refinancing their mortgages to 90 per cent from 95 per cent of the value of their homes. This will help ensure home ownership is a more effective way to save.
Require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation.
"There's no clear evidence of a housing bubble, but we're taking proactive, prudent and cautious steps today to help prevent one. Our Government is acting to help prevent Canadian households from getting overextended, and acting to help prevent some lenders from facilitating it," said Minister Flaherty. "If some lenders aren't willing to act themselves, we will act. These measures demonstrate the Government is committed to taking action when necessary to support the long-term stability of a sector that is so vital to our economy and the financial well-being of Canadian families."
These adjustments to the mortgage insurance guarantee framework are intended to come into force on April 19, 2010.

Tags: Burlington Real Estate
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February 4th, 2010

JUST SOLD 98% ASKING PRICE
OPEN HOUSE THIS SATURDAY AND SUNDAY 2 PM TO 4PM FEB 13 – 14
This lovely 4 bedroom 3 level side split is in a quality neighborhood in Stoney Creek, Ontario. The home is well cared for and neat as a pin. Full wheelchair accessible home!! The home has been retrofitted for someone with a disability. Complete main floor living with access to deck. MlS # H 3030167 Priced comptetively at $ 289,000 . A Family could save thousands converting a home to accomodate their needs. Driveway has is double drive and can easily accomodate 4 cars. Also three large tastefully decorated bedrooms on the top floor. This home is larger than it looks . For complete photos please access www.realtor.ca and enter H 3030167.

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February 4th, 2010
The Greater Hamilton-Burlington area resale market reported a
total of 750 units sold in January in the Hamilton-Burlington Real Estate market.
The January Sales were more normal results. December was booming and a slight dip was inevitable. Residential properties totalled 714 sales in total.
The average price of freehold residential properties sold in the month of January was $302,474, an increase of 10 per cent over the same month last year.Inventorys are very low especially in Oakville, Milton and Burlington.
In the condominium market the average price of condominiums in January was $230,583, an increase of 10 per cent from January 2009.Some information for this article provided by the Hamilton,Burlington Real Estate Board.

Tags: Burlington Hamilton Real Estate
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January 26th, 2010
On a recent trip to Naples Florida, I was amazed at how affordable owning a Florida Home could be. Naples and surrounding area is a beautiful community comprised of many gated communties which now are priced at all time lows.
Due to the overwhelming demand of inquiries I have partnered with a Florida Estate Company to sell Florida Properties in the Naples Area.

For more information please contact me :
Carl 905 730 5919

Tags: Florida Real Estate
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January 11th, 2010
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Burlington Condos : Are you curious what your Condo in Burlington, Ontario may be worth ? Thinking of upgrading or downsizing. Get a Free Report with up to the minute statistics based on all the Condos in Burlington for the past six months. To get your free report on Burlington Condos contact carl @ carlstars.com or go to condosatwalkersline.com. Carl Stars
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January 11th, 2010
Some 89% of Canadians think real estate prices in their own neighborhood will either increase or stay the same over the next six months, according to a poll last week by Nanos research.
The results from the poll of 1,003 Canadians, conducted in mid-December, shows Canadians are as confident in the national economy now as they were prior to the recession. And a key driver to that, says the poll authors, is real estate.
Some 46 per cent of respondents say the value of real estate in their neighborhoods will increase in the next six months, compared to just 7.6 per cent who say it will decrease. As for the overall economy, 49 per cent says it will improve in the first half of the year, compared to 12 per cent who expect it to worsen.
The poll analysed data by region as well, and all areas showed increasing sentiment. It was strongest in Ontario and weakest in Quebec.
Sentiment about the economy rose in every region of the country. It is strongest in Ontario and Western Canada and weakest in Quebec.
Some 16 per cent of respondents say they are better off in the past year, up from 14.6 per cent in the previous quarter, while 31 per cent say their personal finances were worse off, compared with 33.5 per cent in the previous report.

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December 21st, 2009
Wow ! What a Year . It has been a wild ride. The Real Estate Market was fairly quiet in the beginning of the year. It certainly picked up near the end of the year. Today I cant believe I am doing three Market evaluations in Burlington, Ontario this close to Christmas.
I wanted to post a short note on my blog to wish everyone a Merry Christmas and a Happy New Year!
I am looking forward to the start of another exciting year !!
Have a safe and Happy Holiday.
Carl

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December 11th, 2009
What is the secret to success?
There is more hunger for love and appreciation in this world than for bread..- Mother Teresa
There's a big difference between hearing -that is, simply communication and truly listening, which is the art of paying thoughtful attention with a mind toward understanding the complete message being delivered.
Unlike simply hearing someone's account, listening requires maintaining eye contact, watching the person's body language, asking for clarification, and listening for the unspoken message.
Be interested rather than interesting. Another way people fail to listen carefully is to be too concerned with being interesting themselves, rather than being interested in the person they are listening to.
They believe the route to success is to constantly talk- showing off their expertise or intelligence with their words or comments.
The best way to establish rapport with people and win them over is to be truly interested in them, to listen with the intention to really learn about them. When a person feels you are interested in getting to know them they will share their thoughts & feelings more quickly with you.
Work to develop an attitude of curiosity. be curious about other people, what they feel, how they think, how they see the world. What are their hopes, dreams, and fears? What obstacles are they facing in their lives?
If you want people to cooperate with you, to like you, or to open up to you, we must be interested….in them.
When you are interested people respond to your interest in them. They want to be around you. Your popularity increases. Read the rest of this entry »

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December 1st, 2009
Home for Sale in Dundas Ontario
mls # H 3025005 This Solid well built constructed home has 4 bedrooms and three bathrooms. The Home boasts a wrap around 40 x 8 feet porch for lovely evenings or to enjoy your morning coffee !! The Dining room is tastefully decorated and if you love to entertain this is the room for you. This home shows 10+ and demonstrates pride of ownership. Priced at $ 509,000.00. If you are looking for a home in a mature neighborhood. Then Grand Vista Gardens is the place for you !! To Book a viewing please contact me at carl@carlstars.com

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November 26th, 2009
Many Ontario municipalities have programs to provide tax relief to Heritage Property Owners. Municipalities pass by laws and can formerly designate properties of cultural heritage and interest. There are 30 municipalities that have tax relief programs. Tax relief and grants are being offered to this growing section of the real estate market. The range of savings is 10 to 40 percent .
The three Programs are : Heritage Property Tax relief measure,.Direct Cash grants for rehabilation and restorations projects, and Muncipal tax back grants.
The property must be designated from the Ontario Heritage Act:
Please note programs vary from one muncipality to another: You should for more information contact your local municipal office to see if any of these programs are in place.
Excerpts of this article Realtor Edge : Author of full article is Mr. Robert B Hulley
This summer is a posting to assist clients who may own a heritage property.
Information deemed reliable but not guaranteed.

Tags: Tax Releif
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