All posts by qkevinflaherty
Posted on 12. March 2010 14:34 by Kevin Flaherty

HST =13%

Combination of the current 8% Provincial Sales Tax and the 5% federal GST creating a 13% Harmonized Sales Tax (HST)

The HST will come into effect on July 1, 2010 – however, there are transitional rules.

HST WILL apply to: (not a complete list)

The purchase of newly constructed or substantially renovated homes.
The services associated with the purchase of new homes and re
sale homes such as real estate commissions, legal fees, home inspection fees and moving costs.
commercial property rentals and leases.

HST WILL NOT apply to: (not a complete list)
The purchase of resale homes
Sale of housing that has been previously occupied by an individual as a place of residence and that is exempt from GST would also be exempt for purposes of HST
Residential rent, condominium fees.
Home insurance (which had been subject to provincial tax, but not GST).
Mortgage interest costs.

Kevin Flaherty
Direct: 1-877-352-4378
Web: http://Flaherty.ca




Posted on 2. March 2010 10:53 by Kevin Flaherty

The Bank of Canada announced this morning that there would be no change in the  overnight lending rate and thus no change in the prime lending rate of all major banks. HOWEVER, it was surprised by the fact that the Canadian economy grew by 5% in the fourth quarter of 2009. This figure was much higher than expected and a result of “vigorous domestic spending”. In addition, it implied that if such spending continues and inflation exceeds their 2% target, that rate increases may have to come sooner rather than later. That being said, it did re-iterate its conditional promise to keep the overnight lending rate as is, until the end of the second quarter (June). I don’t expect any rate increases until late summer at the earliest.

Kevin Flaherty
Direct: 1-877-352-4378


Posted on 23. February 2010 09:13 by Kevin Flaherty

Last night in the snow storm I signed two new listings that I plan to put on the market shortly.

1) Large 2+2 bedroom log house in Hockley Valley.  This is an amazing log home located on a beautifully treed lot.  The home itself was relocated on the lot
to move back from the road and join the original stone barn which has been renovated into the most amazing family room you've ever seen.  This unique log house is sure to be a hit on the market at only $449,900!  If you're interested, call me direct now for an exclusive showing and beat other buyers to this dream home before it hits the market.

2) A beautiful Hockley Valley .73 acre building lot close to village store, driveway installed, treed, aprox 75% fenced wont last long priced at only $149,900.  Call me now direct before its on the market.


Posted on 19. February 2010 23:17 by Kevin Flaherty

Both of my new listings are now on MLS and my web site

1) 46 Dearbourne Blvd Unit#21 Brampton (Condo Townhouse) Visit: http://flaherty.ca/pp_05.asp

2) 1018 Shellard Rd North Dumfries ( Large Detach on .5 acres with inground pool and finished walkout bsmt ) Visit: http://flaherty.ca/pp_06.asp

Kevin Flaherty


Posted on 17. February 2010 10:20 by Kevin Flaherty

I have just listed a Condo Townhouse in Brampton for only $169,900.   With inventory low, this one is going to go fast. Here's your opportunity.  Call me direct right now to arrange a showing to beat other buyers to this HOT NEW LISTING.  FOR MORE INFO: TEXT:431835 TO: 555000


Posted on 16. February 2010 13:32 by Kevin Flaherty

As anticipated, my new listing at 779 Frobisher Blvd. sold over the long weekend.  The deal is still conditional however if you would like to be one of the first to know if it does not firm up, leave me your contact information.  If it becomes available again, it wont last 48 hrs and you may never know about it otherwise.
More details to follow when its firm.

Kevin Flaherty
Realtor
iPro Realty Ltd. Brokerage
Direct: 1-877-352-4378
Web: http://Flaherty.ca


Posted on 16. February 2010 13:19 by Kevin Flaherty

The government this morning announced three changes to the manner in which mortgages will be underwritten in Canada. These changes are

1)      All borrowers/home buyers to be qualified on the 5 year fixed rate regardless of which product they are opting for
2)      Maximum loan to value on a refinance is reduced to 90% from 95%
3)      All “speculative” real estate properties (I assume they are referring to rental properties) now require a 20% down payment

In short, these changes should not impact the rea estate market very much. Banks are currently using the 3 year fixed rate (3.59%)  to qualify variable clients so moving that to the 5 year fixed (3.89%)  is not a big deal. Second the refinance revision is of no interest to Realtors or the resale real estate market. Third but certainly not least, 20% down payment now required for “speculative” properties. The truth is cmhc’s premiums on rental properties were extremely unattractive and more times than not an investor would voluntarily put 20% down anyways.

Kevin Flaherty
iPro Realty Ltd. Brokerage
Direct: 1-877-352-4378
Web: http://Flaherty.ca


Posted on 13. February 2010 12:28 by Kevin Flaherty

JUST LISTED!  HOTTEST Real Estate MLS listing in Milton.  4+1 Bedroom, 2 Storey, Finshed Bsmt, 3 Baths, Inground Pool, Close to GO station, $369,900.  It will be sold this weekend.  Call now if interested.  Visit: http://flaherty.ca/silver_listings.asp?ID=431834

Kevin Flaherty
Direct: 1-877-352-4378


Posted on 6. February 2010 01:56 by Kevin Flaherty

1) 13 Island Lake Rd, Orangeville Ontario. (2 Storey in Island Lake Estates with view and salt water pool) Video tour at http://flaherty.ca/pp_03.asp

2) 18126 Kennedy Rd, Caledon Ontario. (Bungalow on 1 acre near Caledon village) Video tour at http://flaherty.ca/pp_04.asp

Call me direct to arrange a showing.

Kevin Flaherty
Direct: 1-877-352-4378


Posted on 24. January 2010 17:33 by Kevin Flaherty

Just signed another new MLS real estate listing in Orangeville.  This one will be launched at the end of February 2010.  This one is amazing and must be seen. 
It has so many great features, the video narrated tour may be one of the best I have ever done.  Work on its real estate marketing starts Monday.