Halton Home News - Spring 2014

  • Selling Your Home this Spring in Oakville or Burlington OntarioInvesting in the Greater Toronto Real Estate Market

    Historically, buying property has been one of the soundest investments for anyone looking to build wealth and equity over time. Countless investors have gained wealth from wisely investing capital in properties they've flipped, rented out, or even lived in for years before selling for a considerable profit. The following are the types of real estate investments you might consider buying to make a profit and build wealth:


    Condos
    Greater Toronto's landscape is changing with the sudden surge in condominium buildings over the past few years, and investors are one of the biggest groups of owners of these units. Condos are usually cheaper to buy than a single detached home, and the chance of positive cash flow and appreciation over time is quite high. Finding a tenant can be easy, considering the fact that the rental market is currently fairly low for vacancies. Condos in desirable locations can appreciate as much as, if not more than, stocks.  Always remember, however, that past performance is not a guarantee of future performance.
  • Income Properties
    Homes that feature self-contained apartments are a fabulous way to gain equity in a home and pay off a mortgage with the help of cash flow from tenants. With the low current mortgage rates currently being offered, even $1,000 per month of rent is potentially enough to cover a $200,000 mortgage. Self-contained apartments in a home are an attractive selling feature when the home is eventually sold, attracting both home buyers looking to help cover the mortgage, as well as investors looking to build wealth.
  • Flipping Houses
    Although not as popular as a few years ago, there is still plenty of opportunity to fix and flip houses in and around the GTA, and make a nice profit doing so. Not necessarily for the faint of heart, a nicely renovated home in a desirable neighbourhood can demand a high selling price, and even result in a bidding war when it hits the market. There are plenty of examples of homes bought for $500,000 in a hot area, and sold for over $1,000,000 after investing only $200,000 in renovations.

    Of course, with most other investments, there are always risks attached. But with the proper plan in place and the right professionals working with you, putting your money in real estate can be a sound investment.

  • Spring is Time for Renovations in OakvilleGet Your Home Ready For Spring!

    After a long, cold winter, spring has finally sprung! With the warmer weather comes time for renewal, so start getting your home ready for the new season.

    Here are 3 easy ways to get your home prepped for spring (on a budget):

  • 1 - Change up the Layout
    After months or even years of the furniture being in the same position, why not change things up a bit and rearrange the layout of your space? Sticking to the same layout for too long can become boring and stale! Spring provides the ideal opportunity to mix things up and play with a different set-up. Move around your sofas, chairs and tables, or create a separate lounge space by adding a chair close to the window for a quaint reading nook.  
    2 - Adjust Your Lighting
    The mood of a space can be greatly affected by the use of lighting. The longer days that come with spring bring more natural light. However, rather than relying solely on your overhead lighting fixtures for light, add floor and table lamps or move them around so they are used as effectively as possible. For instance, move a floor lamp that's close to the window to the opposite end of the room that isn't exposed to light coming in from the window.
    3 - Add New Accessories
    Adding new and fresh accessories is a quick, easy and affordable way to breathe new life into a space. For example, swap your throw pillows with ones that feature bold textures, or change the art work on your walls with ones that feature vibrant colours.
    Try one of these easy tips to get your home ready for spring!


Couple enjoys benefits of a second mortgage at low interest rates.

Home Renovations that Increase Your Home’s Value

Renovations to your home can add to your enjoyment and also increase its resale value.  The kitchen is the heart of the home and buyers love roomy, functional and bright spaces. 

If you have an older home, think about expanding the kitchen area – ether with a sunroom type add on or by converting a little used dining room and combining it to make a large eat-in kitchen.  New counters, lighting, appliances and repainting cabinets can transform the look of a dated kitchen.

Think of adding space to the home by finishing the basement.  It is always a good idea to add an additional bath – for the convenience of those who use the basement and for resale value. 

Upstairs bathrooms should also be updated.  Think of converting an unused guest room into a master ensuite and walk in closet.
Whichever renovations you choose to undertake, make sure you hire an experienced, professional remodeler known for quality work.  I am always happy to refer my list of recommended home professionals.

 

Buying or selling first will always be an important question to ponder, and should be answered based on your specific situation, as well as the type of market you find yourself in.

 



Mortgage NEWS
Whether you are starting to shop for a new home, or have already found a home and need financing, we can walk you through the steps and show you various mortgage products available in Canada. 

Low Mortgage Rates
*2.35% 3 year Mortgage Calculator Ontario
Special Rates   Mortgage
Calculator
Product Term Rate
3 Year Variable 2.35%
5 Year Variable 2.60%
1 Year Fixed 3.00%
2 Year Fixed 3.20%
3 Year Fixed 3.29%
4 Year Fixed 2.99%
5 Year Fixed 3.39%
Line of Credit Interest Rates (3.25%)
plus 0.25%
O.A.C.
Lower "Quick Close" Rates Available on Selected Products

Community Corner Halton Community Corner


Calendar

April 5 & 6 – Oakville Symphony Orchestra Concert at Oakville Center for the Performing Arts.  Tickets areavailable online or at the box office.

April 13 – The Ireland House at Oakridge Farm in Burlington is hosting a Sp’eggtacular Easter Event.  Kids can hunt for eggs and meet the Easter bunny from 11 am to 4 pm.

April 19 and 20 – Mountsberg Wildlife Centre is holding an Easter Egg Extravaganza with an Easter egg hunt, wildlife and a play barn for kids to enjoy.

April 27 – Oakville’s largest race is back.  The Mercedes Benz 10k run starts at Appleby College and goes through downtown Oakville.

May 11 - The Ireland House at Oakridge Farm in Burlington is hosting a mother’s day tea and celebration from 11 am to 4 pm. Location is 2168 Guelph Line.

May 18 – Waterdown Arts and Music Streetfest – with free admission takes place on Main Street in Waterdown between Parkside Drive and Barton Street

May 25th – Burlington Humane Society’s Arfmazing Race and Pooch Promenade fundraiser with fun competitions and prizes for your family and your dog.  Takes place from 11 am to 4 pm at Spencer Smith Park in Burlington.

June 12-15th – Burlington’s Sound of Music Festival.  Enjoy free concerts at Canada’s largest free music festival at the Waterfront and downtown Burlington from 12 pm to 11 pm.

July 1 – Canada Day Strawberry Social at the Joseph Brant Museum.  Take place in games and enjoy live entertainment from 11 am to 4 pm at 1240 North Shore Boulevard in Burlington.




Dominion Lending Ontario Canada

 

Newsletter Archives

Fall 2011

Winter 2011

Summer 2012

Winter 2012

Spring 2013

Summer 2013

Winter 2014

Spring 2014