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
Ruth Ballantyne welcomes you to 55 Via Rosedale Way, #210 in Brampton. Located in the private gated community of Rosedale Village, this gorgeous unit has so much to offer and features a perfect open concept design with separate dining room. As you walk into this lovely unit you will notice the ce...
09/03/2013
Just Sold!  I love it when a plan comes together.  Listed this home two weeks ago and had an ad call on my Guardian ad.  Showed the couple who fell in love with it and had my own offer and another one from another agent in the first week.   Located in the private gated community of “Rosedale Vill...
08/28/2013
Ruth Ballantyne welcomes you to www.30Midsummer.info  Drive in Brampton. Located in “Riverstone” Community and backing onto a Ravine this gorgeous 4 bedroom home with 4 ensuite baths has had thousands spend on quality upgrades. As you approach this lovely home you will notice the spacious front ...
04/26/2013
  Ruth Ballantyne welcomes you to www.17321ShawsCreek.info in Caledon. Located in the quaint village of Belfountain this unique gem is less than a 10 minute walk from a 30ft waterfall and less than 30 minutes to the 407. It is also only 4 kms from all the amenities in the lovely village of Erin....
04/24/2013
Ruth Ballantyne welcomes you to 145 Brentwood Drive in Brampton. Located in a desirable neighborhood this semi-detached backsplit has lots to offer. Perfect for the first time buyer who can take advantage of the extra income from the one bedroom basement apartment. Or perfect for the extended fa...
04/23/2013
Earlier this month 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.  There are 50-100 grants available and you have to have a pre...
02/23/2012
Feb 02 Great Review of Buy Smart Seminar in Snap Brampton I wanted to share this great review we were featured in, for Snap Brampton this week.  It was a great turn out and we will be hosting another Buy Smart Seminar February 16th 2012, just in time for you to take advantage of the RRSP program....
02/02/2012
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I got off to a slow start to my Blitz this year.  Week one was 35 Pop Bys, Week 2 50 Phone calls and this week 36 Personal Notes.  Its a great way to Kick Start your business but hard to keep up with as well as your daily routine.  We are trying to catch up by having all of the tasks done by the ...
02/01/2012
Everyone today seems to be concerned with Customer Service. Its not just REALTORS (R). Today I went to my local Wendys for Lunch I was Buffinied and appreciated. I love their salads and go quite often. I get the BLT Cobb Salad on the Pair 2 and I always upsize my drink. Today as I was going throu...
01/31/2012
The latest version of our HomeMarketWatch Insider newsletteris now available on our website at:http://www.bramptonhomeinfo.com/gold_newsletter.aspEach month, we publish a series of articles of interest tohomeowners -- money-saving tips, household safety checklists,home improvement advice, real es...
12/09/2010
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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.