Oakville’s new State of the art Community Centre

By: Loretta Phinney Team

Oakville’s new State of the art Community Centre

Tags: Southeast Oakville, Community Centre, Infrastructure, GTA

Construction of the new Southeast Community Centre has officially begun. The Town of Oakville recently broke ground on construction work for the new facility which is expected to open in the fall of 2020. The old Oakville Trafalgar school, as a designated heritage building, will remain in place and be incorporated into the new facility.   When construction is finished, residents in southeast ...Read More

Is Home Co-Ownership right for you?

By: Loretta Phinney Team

Is Home Co-Ownership right for you?

Tags: Real Estate, Affordability, Home Buyers, Mortgage

Roommates aren’t for everyone. Many people probably have experiences with roommates of a time past – during university, or the first few years afterwards. We often associate roommates with these earlier stages of life. But trends suggest that roommates could be a part of living situations for later than in the past.   Co-ownership of real estate is where a mortgage is split betwee...Read More

More Construction Planned for Downtown Oakville Next Spring

By: Loretta Phinney Team

More Construction Planned for Downtown Oakville Next Spring

Tags: Lakeshore, Downtown Oakville, Local Business, Downtown Revitalization

Major construction is planned to occur along Lakeshore Road in 2019 and 2020. The first phase will take place from April to mid-November in 2019, to free up the downtown area for Christmas. The second phase will occur in the same months in 2020.   The construction project will carry out Oakville’s plan to revitalize downtown. Click here to see a timeline of the construction project. &nb...Read More

PURCHASE PLUS IMPROVEMENTS PROGRAM

By: Loretta Phinney

PURCHASE PLUS IMPROVEMENTS PROGRAM

Tags: Qualified home buyers can make their new home just right for them, with tailored improvements, immediately after taking possession of the purchased property. All this can be done with one manageable mortgage and with only 5% down.

  Acceptable Loan Purpose & Applicable Loan-To-Value Limits: Purchase transactions: 1 & 2 units: 95% LTV (includes both purchase & improvement amount) Property value ≤ $500,000 - 5% down payment required Property value > $500,000 and < $1,000,000 - 5% down payment required up to $500,000, with an additional 10% down payment on the portion of the home v...Read More

Boomer property trends survey

By: Loretta Phinney

Boomer property trends survey

Tags: More than 1.4 million boomers across Canada expect to buy a home in the next five years

  56 per cent of boomers consider their local housing market unaffordable for retirement 9 per cent of boomer parents do not expect their kids to move out until after the age of 35; this number is almost three times higher in British Columbia 32 per cent of boomers looking to buy in the next five years most likely to purchase a condo TORONTO, August 8, 2018 – The Royal LePage Boo...Read More

What’s Your Design Style?

By: Loretta Phinney

What’s Your Design Style?

Tags:  

Q1. What is your ideal romantic outing?     a) A stroll down a cobblestone street on a warm summer’s evening b) Sitting on a wooden dock, watching the sunset over the water c) A fancy dinner out, drinks at an upscale cocktail club, then dancing until dawn   Q2. Your date is cooking up a romantic meal. What dish is the quickest way to your heart?     a) Pi...Read More

Your Moving Day

By: Loretta Phinney

Your Moving Day

Tags: When the day is done, you can truly make yourself at home!

    Before you move any boxes, check these boxes:     Download checklist PDF here.    Create an instant visual inventory of your precious possessions with an app like  Sortly.  Book a massage appointment for the day after your move.   Buy a bottle of bubbly to celebrate after the last box comes off the truck.   The fine print: &nb...Read More

By: Loretta Phinney

Bank of Canada raises overnight rate target to 1 1/2 per cent

Tags: Big banks move to match Bank of Canada's rate hike

The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent. The Bank expects the global economy to grow by about 3 ¾ per cent in 2018 and 3 ½ per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stron...Read More

Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018

By: Loretta Phinney

Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018

Tags:
  • Greater Toronto Area (GTA) expected to post third quarter price gains after price declines in the second quarter

TORONTO, July 10, 2018 – According to the Royal LePage House Price Survey[1] and Market Survey Forecast released today, home price appreciation slowed across Canada in the second quarter of 2018, marked primarily by softness in the Greater Toronto Area (GTA), where many regions have witnessed year-over-year price declines. In contrast, a number of surrounding cities in Ontario&rsqu...Read More

Kitchen renovation has greatest potential to boost a property’s sale price

By: Loretta Phinney

Kitchen renovation has greatest potential to boost a property’s sale price

Tags: Prospective sellers likely to spend less than 2.5% of a home’s value on home improvement

According to a cross-Canada survey of over 750 Royal LePage real estate experts, a kitchen renovation is the clear upgrade of choice with the potential to boost a property’s value by more than 12.5 per cent.[1] Both ranking second, a finished basement or a new bathroom has the potential to increase a property’s value between 2.5 per cent and 12.5 per cent, depending on the investment. ...Read More