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REAL ESTATE NEWS

Real Estate News

Real Estate News

kingston

Do you feel your home is overvalued?

According to a new study from Deutsche Bank,  Canadian homes are overvalued by 60%.  According to a CBC article, some Canadian economist feel this is accurate.  When we look at areas like Toronto or Vancouver we can understand what they are saying because the cost of homes are simply out of reach for most Canadians. Fortunately, … Read more

CREA oct graph

Homes Sales Edge Back in October

Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association numbered 215 units in October. This was down 14 per cent from a year earlier. Sales of all types of properties numbered 242 units in October, down 15 per cent on a year-over-year basis. “Sales activity fell back in September … Read more

Pierre Gaumond, Investment Advisor w. BMO

Having a TFSA works. Get one working for you.

The Tax-Free Savings Account (TFSA) was introduced in 2009 and offers Canadians a unique and flexible planning opportunity to save for their financial goals. Your contributions to a TFSA are not tax deductible for income tax purposes, however your savings grow tax-free inside your account. In addition, there is no tax payable when you make … Read more

Home sales slip further in February

Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association numbered 181 units in February. This was a decline of 26 per cent from a very strong February 2012. Sales of all types of properties numbered 209 units, down 23 per cent on a year-over-year basis. “It’s important to remember … Read more

Home sales remain at more moderate levels in January

Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association numbered 147 units in January. This was decrease of 17 per cent from a very strong January 2012, but stood even with the five year average for the month. Sales of all types of properties numbered 161 units, down 16 … Read more

Home Sales Edge Lower in December

Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association numbered 205 units in November, a decrease of three per cent from the same month last year. Sales of all types of properties numbered 228 units, down five per cent on a year-over-year basis. On a seasonally adjusted basis, home … Read more

Homes Sales Rise in October

Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association came in above year-ago levels in October 2012. Residential sales numbered 249 units in October, an increase of 12 per cent from the same month last year. Sales of all types of properties numbered 286 units, rising 13 per cent … Read more

Understanding your credit report

Most people either don’t pay attention to what their credit score is doing or don’t realise that they have the ability to keep track of it. Why is this important?  When you are about to make the biggest purchase of your life… a home… most people require financial help from their bank.  This is when … Read more

Are you pre-approved?

I speak to many people who are out looking for their 1st home, maybe even moving up to something bigger, and think they have a very good idea of what they can afford. This couldn’t be furthest from reality. To save yourself from the disappointment of finding out that you have been denied financing at … Read more

Tarion Makes Revision To Its “Ontario New Home Warranty Program”

    Effective July 1st, 2012 new home enrolment fees have dropped by $150.   This is good news for you,  if you are about to purchase a new home from a builder in which the Tarion enrolment fees are extra. Also, there has been a significant reconstruction of the Seven Year Warranty framework:

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Sutton Group Masters Realty Inc., Brokerage
Sutton Group Masters Realty Inc., Brokerage
1650 Bath Road, Kingston Ontario
613-453-7482