Oakville Business Directory launches

A new business directory featuring local Oakville Ontario businesses and services has launched their new website. From finding a local mortgage broker to information on after school activities and dance programs, the Oakville Business Directory focusses on only business located in the Towne of Oakville, Ontario Canada.

Mortgage Oakville, Milton, Mississauga, Burlington, Hamilton, Toronto – Housing Outlook

The housing market in the GTA is coming back strong. Despite the woes in the U.S. housing market, Canada’s housing market is leading the financial recovery. Due to near historic low interest rates, many people are finding it more affordable to buy a home than to rent.

Mortgage Oakville

If you are looking for a mortgage in Oakville, Milton, Mississauga, Burlington, Hamilton, Toronto or southern Ontario, I can help you find the best rates and product for your needs. With over 25 years experience in the financial sector, I work for you – the client. I shop your mortgage over many lenders: banks, trust companies, financial companies, even private lenders, so I can offer you better service and rates than the banks –at no cost to you.

Now is a great time to buy in Oakville, Milton, Mississauga, Burlington, Hamilton, Toronto and the golden horseshoe area since prices are expected to continue to rise, as are interest rates. After July 1st, the HST will come into effect – making new homes more costly and increasing the cost of services that accompany a home purchase (legal fees, real estate fees, etc.) The average price of a home sold in Toronto in February 2009 was $361,305. That went up to $431,509 in February 2010 – an increase of 19%.

The number of sales was up 76% during the same period, spending half as many days on the market. With the aging population, builders are starting to change the way homes they build homes. Senior friendly homes, eco-friendly , energy efficient homes, and bungalow/loft homes are increasing in popularity.

Before you begin to shop for a home, call Marcelle for a free and confidential mortgage consultation. I can pre-qualify you so you can shop with confidence and move quickly on hot new listings. Let me find the best mortgage for your needs at the best rates. Rates can be guaranteed for up to 120 days. I am always available outside of regular banking hours.

For more information on Mortgage Oakville or Mortgage Burlington etc., call Marcelle Tiqui at First Class Mortgages at (905) 208-7070 . I can get your mortgage approved within 24 hours!! Apply online at http://www.marcelletiqui.com/.

Canada Mortgage Rules - New Mortgage Rules

The new Canada mortgage rules are creating some last minute shuffling of real estate portfolios with a new era of more responsible lending.
A confluence of factors is creating an urgency on the part of home buyers in Canada to act now before interest rates begin their awaited ascent.

In preparation of the coming interest rate normalization or hikes in Canada, many banks have already begun to ratchet rates upward. Over the last year, the Bank of Canada’s stimulus efforts have kept home mortgage borrowing costs at historic lows.

The new legislation that takes effect April 19, 2010 will impose tighter conditions getting a mortgage. For example, anyone that wants to purchase a home with less than 20% down will then have to qualify based on the posted rate for a five-year mortgage instead of qualifying for lower short rates. This especially affects first-time home buyers who are trying to capture the best interest rates and terms before things get harder.

New Canada Mortgage Rules include:

1. Borrowers have to be able to qualify for a 5 year fixed rate no matter what term they pick
2. The new refinance maximum is 90% of your home's appraised value
3. 80% maximum insured financing on rental properties

At least some of the considered measures did not pass legislation including minimum 10% down on 30 year mortgages etc...

Another factor that may influence the current positive real estate market in Canada is the coming HST or harmonized sales tax. Although the HST does not apply to the pre-owned home market, it does affect real estate commissions and other taxable closing costs which can add another $3,000 or more to buying a home in Ontario.

There are also rules that will require self-employed individuals to support their income claims with tax returns if they have been in business for over 3 years in some places. More details to follow on how getting a Canadian mortgage may be a little more difficult in the future.

One Canadian mortgage broker, First Class Mortgages Burlington, Hamilton Ontario is seeing an increase in self-employed individuals applying for an Ontario mortgage. For now, rates are low and it seems like a great time to buy.

Lease to Own Homes Canada

Sandstone Management Inc. Canada is a rent to own home company in Newmarket helping Canadians buy their own home instead of renting. In addition to lease to own homes across Canada and especially in Ontario, New Brunswick and Nova Scotia, they also offer rentals, townhouses, duplexes, commercial property and other rent to buy home options for Canadians.
Visit Lease to Own Homes Canada for further details or see their Rent to Own Homes Canada Google maps profile.

Interior Decorator Oakville

Interior Decorator Oakville Ontario Canada

A good interior decorator can help realize your vision for your home by helping with everything from colour selection, furniture placement, lighting consultation to accessory placement and decor.

If you are in the Oakville Ontario area, Divine Home Staging and Decor is a local Oakville Interior Decorator that can provide local interior decorating services.