City committee rejects rental housing licensing program for Guelph

By  Joanne Shuttleworth GUELPH—The city will not institute a rental housing licensing program if council as a whole agrees with a decision of the Planning and Building, Engineering and Environment Committee. The committee this week backed a staff recommendation to enhance the building services’ proactive enforcement program and to give building inspectors the ability to seek… Read More

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Bank of Montreal slashes 5-year mortgage rate to 2.99 per cent

bmo

TORONTO – The Bank of Montreal is lowering its five-year fixed-rate mortgage to back to levels that caused former Finance Minister Jim Flaherty to express concerns last year. The bank says it will offer a five-year rate of 2.99 per cent, down from 3.49 per cent. BMO is the first big bank to lower the… Read More

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Taxman after condo owners

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Condo investors, get your legal paperwork in shape before selling up or you could face the wrath of the taxman. The CRA have undertaken a special ‘condo project’ to investigate sales transactions. Since last April, this project has led to almost 600 income tax audits with almost half of that number receiving penalties. The Canada… Read More

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Guelph’s housing market hot, prices going up!

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  By  Rob O’Flanagan GUELPH — About five per cent of houses sold in the past week in Guelph sold for more than the asking price. That is not out of control, a real estate insider said, but it can be frustrating for buyers who long to live in a single detached home in one of… Read More

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The Renovations That Up Your Home’s Value (and the Ones That Don’t)

is it worth is

Is digging up the backyard to put in a pool worth it? What about upgrading a tired-looking kitchen with gleaming marble countertops? And what about installing high-tech speakers—throughout the house? If you’re planning to renovate your home, you may already be asking yourself these questions. But when it comes to increasing your home’s appraisal value,… Read More

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Why you still need a mortgage broker

mortgage broker

Investors are increasingly prepared to go it alone in this slower market where even the big banks are quick to whip out low rates to compete. But there are remain key reasons for using  mortgage brokers.  Mortage brokers keep up-to-date with the latest product offerings from lenders and have intimate knowledge of various features and… Read More

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Is your home ready for an open house?

open house

Every seller wants her home to sell quickly and bring top dollar. While there are some factors you can’t control, like neighbourhood popularity and market fluctuations, you can help your house put on its best face for showings and open houses. If you want to sell your home, here are some tips to prepare your… Read More

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