Tighter Mortgage Rules Again!

So the government is trying to protect us from ourselves again... They tightened the mortgage rules today yet again.

Check out the news if you haven't already: http://news.sympatico.ctv.ca/home/flaherty_reduces_mortgage_terms_from_30_to_25_years/fd229d6f

We live "expensive" lives because we apparently have to. No money for the dentist or saving for your child's education, but we have to buy lots of birthday gifts, Christmas gifts, go on vacations and drive shiny new cars! Most have been borrowing against their homes to maintain this lifestyle, obviously because their incomes can't sufficiently support this kind of good life.

I am not sure however, if this tightening of the rules is going to stop any of it.

People have CREDIT CARDS you know! If you can't take more equity from your home then MasterCard and Visa will be tapped to cover the frills.

To scare us by mentioning the "bubble" in the real estate market is irresponsible. They have been warning us about a correction coming for the past decade. In the meantime real estate prices have gone up 100% or more. Let's face it, if you keep saying there is a bubble and there is a correction coming, well, one day it might just happen and then you can say: I TOLD YOU SO!!!!

For now, nobody is selling their homes for cheaper. Not me and not you. So there is no correction as of yet.

Those who go bankrupt or experience a divorce or death in their families cannot be used as measuring sticks that would apply to the rest of the market. Money controllers of the world, want more interest and the government is helping THEM by this kind of talk.

Little people will never benefit from higher rates or tighter mortgage rules.

Closer to the Action

Have I mentioned how great it is to live in Newmarket? :-)


The best ice fishing I've had so far has been right here in my backyard (so to speak) on Lake  Simcoe at Virginia Beach. Non-stop action. 


I spent last weekend fishing in the Belleville area at the fishing derby on Big Gull Lake. It was a nice trip, good fun with friends at a cottage. But, not one fish was caught by our whole group. 


Living in Newmarket, we're also very close to great skiing. It's no big deal for some of the kids in my younger daughter's class to take a day off to go skiing. And, in the high school parking lot, I frequently see kids piling into vehicles with skis and gear in the back.


Every season has its perks. We're a bit closer to the action here. 

Brrrr... It's so HOT

Yup! The lakes are frozen solid and ice-fishing is in full swing here in Ontario! Hockey talk is also going strong these days and many of us have skis, snow-shoes and skates ready for action :) In this wonderfully frigid wonderland that we live in, the real estate market is also really HOT these days!

You see, people who want to move by April, need to list their homes in mid to late January, giving themselves plenty of time to sell and then shop for their next place of residence.

So, keep your sticks on the ice and make sure you have warm undergarments and extra mitts for that day outdoors; but don't forget to contact your Friendly Realtor (ME!!!) to Talk Real Estate!

New Year: New Home!

Happy New Year!


January is New Year's Resolution time. 


Every year you have the chance for a new start. There is always hope that this year will be better. 


Things can improve. Your life will improve if you can make a few changes. 


>Maybe this is the year that you will finally take the plunge and buy your first house. 


>Maybe this will be the year that you finally move out of your starter home and settle down in a house that will be big enough for your growing family.


>Maybe this will be the year that you finally bite the bullet and get rid of your kids' old skis and school books, have the big garage sale, and down-size to a house that's just right for the two of you and the occasional visiting grandchild. 


>Maybe you've had it with shovelling the driveway and cleaning a big house and are ready to move into a condo.


When you're ready, I'm here.


I know how hard it is to make that big change. I work through this with people all the time. I can help you make it easier. 


Contact me and tell me you're ready to move, and I'll help you. 


Let's talk.