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
Last night, I was enjoying a nice glass of wine with my husband after a lovely Lamb dinner, when I decided to check my phone.  There was a text from a Constable Peel Regional Police in Brampton and a message to call him as he was investigating an incident involving Photo's near a property that I ...
03/15/2014
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Well it is that time of year again.  Home show tickets are in.  The National Home Show and Canada Blooms will open this week-end at the Direct Energy Centre, Exhibition Place.  You can get your free tickets to this Show with all of the RE/Max VIP Benefits by contact me, by phone, 905-456-1000, em...
03/11/2014
  CMHC ( Canada Mortgage and Housing) has announce an average 15% increase slated to take affect on May 1, 2014.  How will this affect  you?  Well not really at all.        Your home must be insured with CMHC or another private insurer if you are putting less than 20 % down.  This cost is usually...
03/11/2014
Tomorrow we at the Zonta Club of Brampton-Caledon will celebrate International Women's with a Breakfast at the Turnberry Golf Club.   This is our 4th Annual Breakfast.  International Women's Day has been observed sing the early 1900's.  It is celebrated Annually on March 8.  There are many events...
03/06/2014
Last month, despite inclement weather the Toronto Real Estate Board (TREB) sales were up. This was largely due to strong sales in Condo Resales. Unlike the Freehold market of Attatched, Semi-Detached and Detached there was ample supply in the condo market. We are seeing multiple offers especially...
03/05/2014
  The guardian announces an outdoor ice skating trail to be built in Chinguacousy Park near the new Ski Chalet by July 2015. The Skating trail project was integrated into the 2013 budget with estimated costs of $4.8 million. The new and improved skating trail will replace the skating rink at the...
02/18/2014
Today, residents and families are welcomed to the Peel Art Gallery, Museum to participate in exhibitions, activities and workshops for FREE! Take some time today to explore the museum and see what it has to offer for you and your family. PAMA staff will be readily available to assist you with an...
02/17/2014
Thursday Brampton had a real treat.  It was the opening of T by Daniel.   Daniel is a young ( Thursday was his 26th Birthday) entrepreneur who I have had the pleasure of knowing for a few years now.    I first met him at a Brampton Board of Trade Event.  For a while he was a member of our Mornin...
02/16/2014
Welcome to 6 Ashurst Crescent in Brampton. This detached 5-level backsplit home is truly a stunning showpiece with marble and granite throughout. Tucked away on a quiet street and conveniently located to the 410, transit, shopping & other amenities. As you approach this breathtaking home you wil...
02/15/2014
http://www.venturehomes.ca/VirtualTour.asp?tourid=33022   Ruth Ballantyne welcomes you to 54 Meadow Bush Court in Brampton. This lovely 4 bedroom home is located on a family friendly court in the prestigous "M" section. . Backing onto a wooded ravine with an extra deep backyard this makes for the...
02/03/2014
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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.