Agent Blogs

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Jan 12
2012
How Much Can I Afford to Pay for a Home?
Blog posted by Kevin Harris  :  Views (834)  :  (0 comments)
To determine ‘affordability’ you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage payment, property... [ more ]
Dec 13
2011

Hi Sue You helped us choose our colours when we purchased our new home. We are now in need of updating our kitchen and wonder if you could give us some advice on cabinet refacing as well as countertops, etc. and colour selection. Gwen Scorns

Expert Question posted by Sue Kay  :  Views (2462)  : 
Hi ! Great to hear from you again !    I definitely can help with that. I'm at     Alllandale  Decorating  Centre every morning from 8am to about 10    at    705 739 7730    or you can try my personal... [ more ]
Dec 5
2011

I have an extreme allergy to latex. I have been told by my allergist to find a paint that does not contain latex in it. I need to paint my home before putting it up for sale. Could you please recommend something?

Expert Question posted by Sue Kay  :  Views (1852)  : 
 Hi, There are a lot of products on the market now that claim to be '0' V.O.C. and environmentally friendly . Many of these products will not off gas until they are tinted. Benjamin Moore's products like Ecospec or Natura are completely free of Voc's and used in hospitals schools and long... [ more ]
Nov 29
2011
Fixed or Variable Which Way To Go
Blog posted by Kevin Harris  :  Views (1637)  :  (0 comments)
  How Do You Choose Which One is Better - Fixed or Variable? Posted on November 08, 2011 I thought we would do an overview of fixed versus variable rates, as this is a constant water cooler topic. As predicated, lenders have made significant changes to variable rate products. Most of the... [ more ]
Oct 31
2011
Barriston LLP Announcement
Blog posted by Joanne McPhail  :  Views (2626)  :  (0 comments)
Barriston LLP, Emerges As Simcoe County's Largest Full Service Law Firm Effective, October 1, 2011, Burgar Rowe Professional Corporation and Purser Dooley Cockburn Smith LLP, two of the most respected law firms in the region have merged and rebranded to become Barriston LLP, the largest law firm... [ more ]
Oct 31
2011
Condominiums & Status Certificates
Blog posted by Joanne McPhail  :  Views (2311)  :  (0 comments)
If you are considering purchasing a condominium, you will no doubt have heard about status certificates. These are documents which are provided by the condominium corporation you are buying into, which outline a number of things about the condo and the building. Ontario law dictates fairly... [ more ]
Aug 23
2011
What is Land Transfer Tax and how much will it be?
Expert Question posted by Joanne McPhail  :  Views (1885)  : 
The land transfer tax you pay will depend upon the price of your home.   Here is a great link to do the calculation.  Just enter in the purchase price of your home and it will calculate your land transfer tax.  www.landtransfertaxcalculator.ca    [ more ]
May 20
2011
What is one of the best enhancements I can do when selling my home?
Expert Question posted by Sue Kay  :  Views (5584)  : 
Hi,  This is a great question.  Many times it depends upon the house . Some houses can really benefit from curb appeal, that will spike the intrigue and get your potential buyer in the door. Getting advice from an independant ie; stager or designer that your agent might suggest, is a... [ more ]
May 5
2011

Hi Kevin, I am seeing the mortgage information for the property at 30 Greenfield stating that there is no money down required for an income of over $92k with a 30 yr term. How accurate is this? Thanks! Stephanie

Expert Question posted by Kevin Harris  :  Views (3951)  : 
Hey Stephanie, This program is offered through several lenders and is available and can be used to purchase this property.The ratios needed to qualify work on the calculation of the carrying costs for this property based on the 92k/yr (income maybe combined) and is accurate to... [ more ]
Apr 27
2011

How much do you charge and what would the land transfer fees be on a $320,000 house. I have a client moving in July so I will refer but he wants to know the charge. Will be selling in Barrie and buying in Springwater. Thanks Judy

Expert Question posted by Joanne McPhail  :  Views (4645)  : 
Hi Judy:  Thanks for your questions and for thinking of me!  Land transfer tax would be $3275.00.  Our fee on a purchase with a mortgage is $900 plus HST and the usual disbursements.  We usually tell clients to budget about $1600 plus the land transfer tax on a straight... [ more ]
Apr 19
2011
Interest Rate Forcast
Blog posted by Kevin Harris  :  Views (10773)  :  (0 comments)
INTEREST RATE HIKE LIKELY   Chances are good we’ll see an interest rate hike from the Bank of Canada this summer, based on the latest inflation figures.  Higher food and fuel prices pushed the inflation rate to 3.3 per cent last month,  up from 2.2 per cent in... [ more ]
Apr 12
2011
Bank of Canada Holds Rates
Blog posted by Kevin Harris  :  Views (15575)  :  (0 comments)
BANK OF CANADA HOLDS INTEREST RATE AT 1%   The Bank of Canada has kept its trendsetting overnight interest rate at one per cent, but not because the economy is doing poorly. The bank says the economy is actually outperforming expectations, and now expects it will grow by 2.9 per cent... [ more ]
Apr 7
2011
Cash Back May Be King
Blog posted by Kevin Harris  :  Views (11995)  :  (0 comments)
  Cash Back May Be King!!   As mortgage rules have changed and are now in place as of March 18th consumers will feel the effects of these new changes quickly. Drawing the amortization in to a maximum 30 year term from the 35 year term it had been directly affects your mortgage... [ more ]
Mar 23
2011

Hello Sue, I have a client who wants to repaint the exterior of their home. Its the big "rogers house" at 122 Sunnidale, you may know it? Anyway can you recommend someone for exterior painting that will be reasonable, qualified and do a great job? Stephen Stables Century 21

Expert Question posted by Sue Kay  :  Views (5350)  : 
Hello Stephen, I am familiar with that house and I have always admired it. Are they planning on changing the existing colour because that will influence the price. I have just the gentleman for you that will do a super job. His name is Reuben, and can be found at 705 795 4587. If Reuben is... [ more ]
Mar 18
2011

As a young professional I am looking to buy my first home. With a gross annual income of $69,000 and total monthly debt obligations of $1000, what size of a mortgage should I realistically be looking at? Thank you very much for your time.

Expert Question posted by Kevin Harris  :  Views (3776)  : 
Thank you for your question.... with the recent changes to the mortgage industry in relation to the limiting of the Amortization period to 30 years I ran my calculations based on that and at today's low rates. With an income of 69K and the 1000/mo obligation you are showing you should be... [ more ]
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