Archive for category Professionals

Transit Taxes Set to Rise

Durham Region is proposing a 20%-30% increase to their transit development charges beginning Jan. 1, 2013.

A single detached home will jump from the current rate of $401 to $515, and a low density multiple will be increased from $336 to $414. A two-bedroom apartment will change from $232 to $299, and a one-bedroom from $149 to $194.

Non-Residential developments will also be increased from $0.25/sq. ft to $0.31/sq. ft.

Gary Asselin, economic analyst for Durham Region’s finance department, said that the charges are in line with other regions of similar size.

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New Tax on Trades!

Trades Are Outraged!

The college of trades is going to start charging trades people, and even apprentices, for working in Ontario. renovation financing

The newly formed College of Trades will start sending out invoices to trades people in January!

In order to voice your concerns and understand more about it

Visit The Website

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Announcing Our New YouTube Channel!!!

If you haven’t had a chance to visit our new YouTube Channel, then you have to take a moment and do so.

Recently the DRHBA held it’s Business Showcase where members displayed their new products and services. At the event a videographer was present to record short clips from many of the firms present.

DRHBA YouTube

Some of the members already use video to show you their products and services and those have also been added to the site.

Check us out now!

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Checking your messages has never been easier: Introducing Rogers Visual Voicemail Plus!

The truth is, sometimes you just can’t answer a phone call. There are countless scenarios where picking up your phone is simply not an option, like when you’re in a meeting with a prospective homeowner, or discussing the latest building trends with an associate. Oftentimes, after you’ve missed a call, it’s not always possible to call your voicemail mailbox right away to see what the caller had to say. Read the rest of this entry »

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3.19% Renovation Financing!

Yes it’s true! 3.19% 5 year Mortgages.

Mortgage Itnelligence Oshawa

Renovation Financing at 3.19%

Take advantage of all the competition amongst the National Banks and Mortgage Lenders so you can renovate at 3.19%.

It’s winter in Canada and we spend a lot more time indoors. Have you looked at your house and thought how nice it would be to paint and replace some worn flooring? How about revamping a tired bathroom and adding value to your investment at the same time. Currently there seems to be a mortgage rate war going on and we want to offer you the best possible choice in the 3.19% mortgage realm.  Not all discounted mortgages are equal.

Here’s the inside scoop.  Watch for the “terms” that are part of the mortgage before you make a commitment. Each lender that offers this amazing rate is going to take away some or a few of their most favorable terms.

In a few cases here’s what I have seen.

  • Reduced Amortization
  • Reduced prepayment privileges
  • Reduced payment increase
  • Some will not offer pre-approvals you must have already bought a house

These are areas that you may well be willing to compromise but the next one might not!

What if you could not discharge the mortgage without selling your house during the 5 year term? Would that be a deal breaker? It might be if you have to refinance and can’t because your mortgage has a clause that says you have to sell the house to discharge the mortgage.

renovation financing

Using a Mortgage Broker who has access to numerous lenders means you can get the rate you want and protect the mortgage terms that are most important to you.

Contact us today start improving your home tomorrow! 866-452-1100 or Lowrate.ca

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Don’t Let Your Renovation Break The Bank!

Doing a renovation will increase the value of your home.

But there can be pitfalls, if like anything else you don’t have a plan in place to pay for it.

Many home owners will use all sources of their available credit to pay for the improvements as they work progresses.  The situation becomes difficult when all sources of credit become maxed by the time the work is done.  Making numerous payments can be a struggle, so a refinance or consolidation is often the only way to turn.  The problem is if all credit is maxed out, your credit rating is likely impaired, sometimes to the point that your bank can’t lend because of your credit score.

You might have painted yourself into a corner so to speak.

Plan For The Reno & The Cost!

This is why considering a Home Renovation Mortgage at amazing rates should be part of the renovation plan!!

Check out the best rates so you can determine what the improvements will cost with one low payment.

Yes that’s right, whether you are buying or refinancing,  you pay for your renovation within your low rate mortgage through CMHC or Genworth

I  have prepared a Video and an Article so you can choose to watch or read about this great Renovation Mortgage option that so few home owners or buyers know about.

I’m even sharing a valuable tool to help you calculate the return on your investment!  You can also use a Mortgage Calculator to see what the payments will be  for your Renovation Mortgage.

You’ve got the tools, so just apply today and get a Renovation Mortgage!

Elfie Hayes (AMP)

This article is courtesy of Elfie Hayes of Mortgage Intelligence in Oshawa.

Home buying, refinancing, renovation and home improvement, commercial lending, reverse mortgages and more.

Mortgage Intelligence Oshawa is your One-Stop Mortgage Center in Durham Region!

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On The Level

Why use a level on eavestroughing or gutters?

True North Eavestroughing


Rain is a natural element that can cause havoc on your home. Overlooked gutters can cause problems around the home if it is not controlled properly. When installing gutters using a level is one of the highest priorities. You cannot have proper functioning eavestroughs without being level. And, you cannot eye up the proper slope for gutters. Using a level is a must. A home could be higher at one end and lower at the other end. That being said, this is a standard practice at True North Eavestroughing.

But it has come to our attention that some installers do not use a level. This will lead to bigger issues down the road. Common problems include:

• foundation problems

• mold growth on patio decks

• wet basements

• water staining on bricks, stones, masonry and siding

• soil erosion

Other problems we’ve seen include gutters overflowing and holding water. Then, when wintertime comes around and it freezes… and then we are into all whole other mess. One of the biggest investments you will ever make is your home. Please, for your sake and mine, make sure your installation is levelled properly!

John Whyte is the President of True North Eavestroughing  and a member in good standing with the DRHBA and Renomark. You can reach John at 416.991.2800 or 905.982.1831 for all your eavestroughing questions and installations.

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