Ruth's Rants about Real Estate in Brampton and the GTA.

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Real Estate Sales Representative - Re/Max Realty Services Inc. Brokerage
RECENT BLOG POSTS
  Years ago my daughter came home from grade nine about this time of year.  She had just turned 14 and bounced through the door and annouce she had been for an interview after school and got a Job at Downey's Farm.  I had never heard about it.  Since then I have learned I must have been a bad pa...
10/07/2014
           Welcome to 250 Kensington Place in Orangeville. This stunning showpiece has been totally upgraded with a modern open concept design & décor. Immaculately maintained and great curb appeal are to name just a few of the many outstanding features in this gorgeous home. As you approach the ...
08/11/2014
    Welcome to 32 Cavendish Crescent in Brampton. Nestled in a mature setting in the ‘C’ section, this great neighborhood presents you with a raised bungalow with many opportunities. Having just been freshly painted throughout this warm & inviting home has many great features. As you walk up the ...
08/11/2014
Welcome to 32 Cavendish Crescent in Brampton. Nestled in a mature setting in the ‘C’ section, this great neighborhood presents you with a raised bungalow with many opportunities. Having just been freshly painted throughout this warm & inviting home has many great features. As you walk up the larg...
07/24/2014
Open the door to this lovely home at 38 Meadow Bush Court in Brampton. This lovely 4 bedroom home is located on a family friendly court in a great neighborhood. Backing onto a wooded ravine this large pie shaped backyard makes for the perfect setting with lots of privacy, plenty of room to entert...
07/08/2014
 Welcome to 126 Archdekin Drive in Brampton. Located in the popular Madoc Subdivision this semi-detached Bungalow has lots to offer. Great opportunity for the first time buyer to own a home on a family oriented street in a mature neighourhood. As you enter this lovely home you will notice that it...
07/04/2014
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Located in popular Madoc Subdivision this semi-detached Bungalow has lots to offer. Great opportunity for the first time buyer, family oriented street in a mature neighourhood. The cozy main floor features a nice family sized eat-in kitchen. The living/dining room combination boasts hardwood floo...
06/11/2014
  Ruth Ballantyne welcomes you to 299 Edenbrook Hill Drive in Brampton. This gorgeous family home is located in the ever popular Fletcher’s Meadow and is conveniently located to many great amenities. As you approach this family home you will notice the double car garage & driveway which leads you...
04/07/2014
   Click here for Virtual Tour  Welcome to 54 Meadow Bush Court in Brampton. This lovely 4 bedroom home is located on a family friendly court in a great neighborhood. Backing onto a wooded ravine with an extra deep backyard this makes for the perfect setting with lots of privacy, plenty of room t...
04/01/2014
  Welcome to 118 Royal Orchard Drive in Brampton. This cozy detached raised bungalow will make the perfect home for retirees, anyone looking to downsize or even someone just starting into home ownership. As you approach this home you will notice right away the double car garage and private doubl...
03/18/2014
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the 27th of September the Region of Peel again released its grant for HomeBuyers. This is an opportunity for you to get a downpayment on a house from the Region and have it act as a grant not a loan if you stay in the house for 20 years. Here are the Details: This program will assist eligible applicants who have a total gross (pre-tax) household income of <80,000 or less to purchase a home in the Region of Peel (Brampton, Caledon or Mississauga) that does not exceed a purchase price of $280,000. Here are the requirements copied from the Region of Peel Website at http://www.peelregion.ca/housing/home-in-peel/apply/qualifications.htm. What is the Affordable Home Ownership Program? The Region of Peel’s Home in Peel Affordable Ownership Program is designed to provide low-to-moderate income residents who are currently renting a unit with the opportunity to qualify for down payment loan assistance. This program will assist eligible applicants who have a total gross (pre-tax) household income of $80,000 or less to purchase a home in the Region of Peel (Brampton, Caledon or Mississauga) that does not exceed a purchase price of $280,000. Participant Eligibility •Applicants must be 18 years of age or older •Applicants must not own or have an interest in another residential property in Canada or elsewhere •The home must be the sole and principal residence of the purchaser •The applicant must currently be renting and looking to buy a sole and principal residence •The applicant must have a total gross (pre-tax) household income not exceeding $80,000 •The applicant must be able to obtain a mortgage pre-approval from a Canada Mortgage and Housing Corporation (CMHC) approved and insured lender and must submit it with their application •Participants may not include anticipated rental income from a portion of the property in order to obtain a mortgage •The applicant must be able to pay all additional closing costs •The applicant must supply all necessary documentation to the Region of Peel Eligible Homes Due to unpredictability of closing dates, new homes will not be eligible for purchase under the Home in Peel program. Participants may purchase: •resale detached homes •semi-detached •row homes •town (condominium or freehold) stacked homes •high-rise condominium units Duplex, triplex or mobile homes do not qualify as eligible homes under the Home in Peel program. For a home to be eligible, it must be modest in size relative to the community, in terms of floor area and amenities, as determined by the province or the service manager. The maximum house price for program participants in the Region of Peel is $280,000. The Down Payment Loan The down payment assistance will be up to $15,000. Repaying the Loan The down payment loan is for a 20-year period and no interest is charged if: •The home remains the sole and principal residence of the owner. The home is not to be rented, leased or sold in the 20-year period. •On the 20th anniversary date of the agreement, the loan is automatically forgiven provided there has been no default. Repayment of the loan is required when: •The home ceases to become the sole and principal residence of the owner. •The home is sold before the 20-year affordability period. If during the 20 year affordability period, the property is resold, transferred, or otherwise disposed, and an appreciation in value is incurred, the purchaser will be required to pay back to the Region of Peel the loan and 5% of the appreciation. If the home is sold for less than the original purchase price, the owner does not pay appreciation and the principal is forgiven (the sale must be at fair market value and must be an arm’s length transaction). Other Costs for the Purchaser The purchaser is expected to pay the following: •Closing costs •Inspection of the home prior to firm offer of purchase and sale •Lawyer’s fees •Land Transfer Tax What is Needed to Qualify for the Home in Peel Program? Interested applicants must complete the application form and provide all supporting documentation and return it to the Region of Peel. As funding for this program is limited, participants are selected on a first-come, first-serve basis. Once an application is received, a letter confirming eligibility will be sent within 15 business days. There is no wait list for this program; once all funding has been allocated, all remaining applicants will be notified by letter that the program has ended. Call me at 905-456-1000 ext 3344 for more details.