Specializing in Georgetown, Acton & Brampton
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July 4th, 2009 
Therese Conlon & Moira Robinson
Sales Representatives

Prudential Vendex Realty, Brokerage
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first time homebuyer couplesATTENTION:  FIRST TIME HOMEBUYERS Discover programs that are out there to help you!! Click here for more information. 

ATTENTION:  THOSE THAT WANT TO SAVE THOUSANDS ON BUYING A HOME - Distress sales, bank foreclosures, fixer uppers!  To receive your free print out click here!  


FREE HOUSE HUNTING SERVICE!!  Receive FREE Daily Printouts of all NEW LISTINGS that match YOUR Home Buying Criteria without being pressured by a Real Estate Agent.  Sent to you FREE and WITHOUT OBLIGATION click here.

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Search For Your New Home!

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Brampton & Georgetown's Housing Prices

Brampton & Georgetown's Housing Prices

We're hearing it in the news, we're all talking about, but what is really going on?

There is alot of media attention out there with respect to declining home sales and prices.  Keep in mind however, alot of that media is generalizing our market and they are talking about Canada as a whole.  However, markets from province to province, city to city and even neighborhood to neighborhood can be very very different.

Too many people are trying to time the market which results in alot of people in the fence.

It is true, that home sales have declined, but we are nowhere in the mess that the U.S. is facing.  Due to alot of negative media out there, people are on the fence and waiting to see what happens.  In the meantime, interest rates are at an all time low and home prices in the Georgetown and Brampton area have declined anywhere from 5 - 10%.  

Take the average home price in Brampton in 2008 which is $312,605 (W23) and $306,528 (W24), still a little higher then what we saw in 2007 - $306,528 and $313,636 respectively.  Most of these gains were realized in the beginning of the year.  In Georgetown the average home sale price in 2008 went to $369,611 from $357,089.  Again, most of these gains were realized in the beginning of the year. 

brampton georgetown graph 

So. even though since 2008 to 2007 our average home prices have gone up slightly, home sale prices have declined anywhere from 5 - 10% since around early fall for the majority of homes out there - which is great news if you are a move-up buyer or a first time homebuyer.  Just think, if you have your eye on a bigger home, and that house price has come down 10%, what you may have lost in the sale of your home you have more then gained on the purchase of your new home. 

It's a huge opportunity for first time buyers out there and we work with mortgage specialists out there that can offer 0% downpayment!   First time homebuyers should be seriously looking to get into the market now, homes are more affordable with the lowest interest rates that we've seen in decades and a large selection of homes, nothing could be easier.

If you know of someone who is looking to buy their first home, or is thinking about "moving up" please pass on our email address moira.robinson@sympatico.ca.  Thank you!

Downpayment Assistance for First Time Homebuyers

Downpayment Assistance for First Time Homebuyers

Picture homeIn May, 2008, The Region of Peel received $2.85 million under the Canada-Ontario Affordable Home Ownership Program that is designed to provide low-to-moderate income residents who are currently renting a unit, the opportunity to qualify for down payment loan assistance.

Under the program, the down payment allocation is considered a forgivable loan after 20 years of ownership.

Also, did you know that first-time buyers of resale homes can also take advantage of the Land Transfer Tax Refund of up to $2,000 from the provincial government. Applications and further program information regarding Downpayment assistance and land transfer tax rebates for First Time Home Buyers can be obtained by clicking here, or contacting us at (905) 452-7272 or via email at moira.robinson@sympatico.ca.  Applications and additional information will be provided.

The end date of this program as per the provincial funding timeline is March 31, 2009.

Source:  The Region of Peel

Now is the PERFECT TIME for First Time Home Buyers to purchase their new First Home!!  Contact us for further details. 

 

INTEREST RATES AT ALL TIME LOW!

CURIOUS ABOUT WHAT'S GOING ON WITH INTEREST RATES?

Interest rates are at an all time low!interest rates title

Borrowing $100,000 over a 25 year amortization period is more affordable then ever.  Look at the low monthly payment!

Period         Interest Rate        Monthly Payment 

 1 year fixed           3.89%                   $521.79

 2 year fixed           4.59%                   $560.96

 3 year fixed           4.94%                   $581.00

 4 year fixed           4.85%                   $575.00

 5 year fixed           4.69%                   $566.00

 5 year variable       4.10%                   $533.38

 

Find Your Dream HomeFree Evaluation
If the time has come for You to "Find Your Dream Home", then I would love to help. New properties are listed every day. By filling out the form, I can have new Listings emailed to You as soon as they become available.The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year.
Now might be the perfect time...
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First time homebuyer video

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Did you know?

Did you know?

THE END IS COMING NEAR FOR THE ZERO DOWNPAYMENTRENTING VS. BUYING IN GEORGETOWN AND BRAMPTON, WHICH IS BETTER?HOW TO SAVE FOR YOUR DOWNPAYMENT (There are Goverment Programs)
Are you a renter that is looking to purchase your new first home? Now is the time to buy!! It's a BUYERS MARKET out there and recently, the Federal Finance Department has stepped in and have changed the rules with the respect to the Zero Downpayment. With all the troubles that we hear about what's going on in the housing market in the States, the Federal Finance Department has taken steps to ensure that the Canadian Housing and Mortgage markets remain strong. Effective October 15th, lenders will One thing is for sure, we all know that we need a roof over our head. In most people’s case they end up having to pay either Rent for this roof or a Mortgage payment, unless of course you have a rich family that can offer you FREE or Reduced Rent. The point is, we ALL have to pay for a roof over our heads. Do you really want to be paying Rent all of your life? Here a just a few good reasons why you should BUY VS RENT Owning your own home has a lot of payoffs, especially these days when mortgage rates are still among the lowest in 30 years. There are also many housing options available in a wide range of prices. Simply put, you CAN carry a home of your own for NO MORE than what you would pay in rent. And, unlike renting
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WHAT CAN YOU AFFORD?IS A HOME A GOOD INVESTMENT?
If you're thinking of purchasing your first home in the Georgetown, Acton, Brampton or Milton area, you probably have a lot of great ideas about what you'd like - such as several thousand square feet of living space, a two-car garage, large fenced-in lot, one or two fireplaces and a panoramic view. But it may be time for a reality check. Most first-time buyers want their dream home right away. However, that dream home likely sells for several hundred thousand dollars and the down payment is more than you earn in two years. Not to mention the mortgage payments - which are three times your monthly take-home salary! The best way to deal with this reality is to For those wanting a steady return on their money, houses can be a sure bet. When the baby boomers started madly buying houses in the 1980s, suddenly real estate seemed like the path to instant wealth. The real estate markets fluctuate constantly. There have been times when house prices have gone down. However if
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10 BEST REASONS TO MOVE7 HELPFUL TIPS THAT ENSURE YOUR LOAN PROCESS GOES SMOOTHLYTHERE ARE RENOVATION LOAN GRANTS:
To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move. As you read each of these reasons, consider how much it applies to you and note how strongly you feel about each one. 1. The size of your family has changed. Of the many reasons to move, the size of your current home is The loan and mortgage process is a stressful and sometimes frustrating process. The idea is to make the entire process go as smoothly as possible. What is most important? Be prepared before you sit down with your loan officer. Here are some things you can do to help ensure successful results, as well as give you some control over your own loan process. 1. Take time to Straighten out your finances. If you don't have a grip onThis Grant offers financial assistance to low-income households who own and occupy substandard housing to enable them to repair their dwellings to a minimum level of health and safety. It is called the Residential Rehabilitation Assistance Program (RRAP). Who is eligible?
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Home Buying Assistance

Home Buying Assistance

BUYING HOME CHECKLISTHOME VALUES
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
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SELLING YOUR HOME - WHEN IS THE RIGHT TIME?WHAT IS THE BEST WAY TO MARKET A HOME FOR SALE?
When should I sell my home? Your answer to this question might be right now! If you have taken a job in another city or made an offer on a new home, or had an addition to your family, selling your home fast might be the most important goal you have. Most people, however, have some flexibility when they sell their home. Let us take a closer look at the most important factors that can go into this decision.Marketing a home for sale is quite different from most other types of marketing and advertising. Unlike marketing many products, homes are each unique. Marketing decisions will be based on thorough examination of the home’s features and comparison to the competition in the marketplace. Decisions must also be made concerning improvements that might enhance the home and sell it faster and for a higher price.
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