| Recent Blog Posts by Szabolcs Pall | ||
How's the market?
How’s the housing market? It couldn’t be any better if you ask me, and let me explain why:
While the Residential Unit sales on the Ottawa Real Estate Board are down, our Condominium Unit numbers are up from last year at this time. And let me remind you, that we had a record breaking year in 2009 which makes the numbers even more impressive. Residential prices have increased approximately ...
Posted by Szabolcs Pall
on December 29, 2010
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3 reasons you should sell, now!
Waiting till spring? Here are 3 reasons why you should get your home on the market, right now! If it’s something you’ve been considering but are getting mixed messages from the industry and agents, here are my top reasons, why hesitating could end up costing you!
1) Interest Rates. The banks are practically giving money away. 2) ...
Posted by Szabolcs Pall
on November 11, 2010
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How to buy a home with 0% downDid you know that you can still get financing for up to 100% of your home? There is no getting around the 5% down payment required by CMHC, but some lenders will give you the 5% down payment if you are willing to take on a higher interest rate.
Don't forget though, that for non-owner occupied or investment properties, you now need a 20% down payment as part of the new mortgage rule ...
Posted by Szabolcs Pall
on March 2, 2010
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Why change the mortgage rules?
Image: Danilo Rizzuti / FreeDigitalPhotos.net
How do you characterize our current real estate market? Lots of buyers, not enough homes. Homes are selling at over and above the asking price as demand pushes excited home buyers, nervous at the thought of losing out on a home, to bid full asking price sometimes without conditions. While active listings are down from last year, we are already ...
Posted by Szabolcs Pall
on March 2, 2010
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CBC - The Hour - Real Estate Hot SpotsDon R Campbell - Real Estate Investment Network (Part 1 and Part 2).
Posted by Szabolcs Pall
on May 1, 2009
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Home Renovation Tax CreditWhat is HRTC? It's the Home Renovation Tax Credit that was proposed in the January 27th Federal Budget, that will provide for a 15% income tax credit on eligible home renovation expenditures, and is family based. Good between January 27th 2009 and February 1st 2010, it can be claimed for the 2009 taxation year on expenditures greater than $1,000, but no more than $10,000 and can provide ...
Posted by Szabolcs Pall
on April 10, 2009
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Home Improvement Tax Credits?According to an article in the Globe and Mail this morning, providing partly refundable tax credits not just for energy efficient upgrades but also for general home improvement, could be part of the January 27th budget. The building industry is of course lending it's weight behind this idea, while others are not exactly supportive.
This could provide a stronger stimulus for our economy, because ...
Posted by Szabolcs Pall
on January 15, 2009
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