Chatham-Kent’s Largest Mass Home Building Project Has Begun!

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Maple City Homes Ltd. today held the ribbon cutting ceremony for the largest home building project Chatham-Kent has experience in more that 40 years. Called The Meadows, the site on the community of Chatham’s south side will be developed into approximately 380 modern, single-family homes, as well as a park for children and families. The first phase will see 93 …

First Ever online 50/50 Draw in Ontario Set to Benefit the Urology Program at Chatham-Kent Health Alliance!

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Link here! Proceeds from the “Igniting Healthcare 50/50 FUNdraiser” will support the purchase of a new holmium laser, a key piece of equipment for the planned Urology Program at Chatham-Kent Health Alliance. In addition to being essential in urology for the treatment of such ailments as tumors, BPH (a benign, non-cancerous enlargement of the prostate) and for breaking down kidney …

Federal Government Seeks to Assist First Time Home Buyers in New Budget

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 The announcement of a new CMHC First-Time Home Buyers Incentive Plan represents a shared equity mortgage program that would give eligible first-time homebuyers the ability to lower their borrowing costs by sharing the cost of buying a home with CMHC. The incentive would provide funding (equity sharing) of up to five percent of the purchase price of an existing home, …

The problem with the Canadian government’s mortgage stress test

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Josh Sherman Jan 5, 2019 On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it. “The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at a higher interest rate than they are …

71% of Canadians Think the Federal Government Needs to do More to Improve Housing Affordability

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Sarah Niedoba The dream of owning a home in many of Canada’s largest cities has become increasingly out of reach for the average would-be buyer. And according to a new survey, the majority of Canadians think the government should be doing more to help. Up to 71 percent of Canadians believe that the federal government should be doing more to …

Modest home price growth expected for 2019: Re/Max, Royal LePage

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Linda Nguyen, The Canadian Press Home prices across the country are expected to rise in 2019, but only at a moderate pace compared with recent years, according to two of Canada’s largest residential real estate brokerages. Royal LePage is anticipating the national median home price will increase by 1.2 per cent in 2019, with prices in Toronto and the surrounding areas …

Bank of Canada holds key interest rate steady at 1.75%

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Pete Evans – CBC The Bank of Canada has decided to keep its benchmark interest rate unchanged while it digests the impact of its previous policy decisions and effect of drastically lower oil prices on the economy. The central bank revealed Wednesday it will keep its benchmark interest rate — known as the target for the overnight rate — at 1.75 …

Time to relax mortgage regulations, Canada home builders urge

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Natalie Wong, Bloomberg News Canada’s home builders are urging the federal government to loosen mortgage-lending restrictions that have helped cool housing markets this year. Executives at Mattamy Homes Ltd., North America’s largest closely held home builder, said the rules have brought about the desired soft landing and aren’t needed as much now that interest rates are rising. The Canadian Home …

Is a HELOC a Good Idea? Not Really. What You Need to Know

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By – Robb Nelson Loans secured against your home have been the hot product for a while now at all major lenders. They are presented in the form of a HELOC, or Home Equity Line of Credit, and are frequently how lenders will suggest you finance any major loan whether it be to send your kids to school, renovate your …

Building Your New Home

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Tips on Buying a New Home Home buying is an important personal decision and a big financial investment. You want to find the home that’s right for you and the builder who provides the best overall value and service. Home buyers and professional home builders agree there are a number of things you can do to make the buying process …