What REALTOR® Can Do for You ?

The REALTOR® you work with could be one of your most valuable resources. Unlike many real estate agents who are simply licensed by their province to do business, REALTORS® have taken additional steps to become members of the local board of REALTORS® and have agreed to act under and adhere to a strict Code of Ethics. Plus...

• A REALTOR® can help you determine how much home you can afford. Often a REALTOR® can suggest ways to accrue the down payment and explain alternative financing methods.
• A REALTOR®, in addition to knowing the local money market, also can tell you what personal and financial data to bring with you when you apply for a loan.
• A REALTOR® is already familiar with current real estate values, taxes, utility costs, municipal services and facilities, and may be aware of local zoning changes that could affect your decision to buy.
• A REALTOR® can usually research your housing needs in advance through a Multiple Listing Service(MLS)--even if you are relocating from another city. 
• A REALTOR® can show you only those homes best suited to your needs--size, style, features, location and accessibility to schools, transportation, shopping and other personal preferences.
• A REALTOR® often can suggest simple, imaginative changes that make a home more suitable for you and improve its utility and value.
• A REALTOR® is sensitive to the importance you place on this major commitment you are about to make. Look for a real estate professional to facilitate negotiation of a win-win agreement that will satisfy both you and the seller.

Auto Insurance Frauds By Insurance Companies in Ontario.

Biggest issue of Driver's of Ontario, Insurance, Insurance and Insurance. If you are agree than share.
- Government can't do anything as all political parties have soft corner for Insurance companies.
- To win election NDP Leader Andrea Horwath demanded 15 % rate cut after premiums rose almost 30 % in last 3-4 years for the drivers with clean record.
- If I talk about my self, I live in Brampton and work in Mississauga, I spend 5 days of a week, 10 hours of a day in Mississauga.
Insurance companies are penalizing me, because my postal code belongs Brampton, so what even if I don't drive much in Brampton. They say, the intersection close to my place is having more accidents in past years.
- On other hand, one of my friend living in Mississauga and working for Region of Peel office in Brampton, his job to collect water sample, which requires whole day of driving he is paying $1000 less than what I pay working in Mississauga. Isn't if funny.
Which party leader talking about this ? Mr Tim Hudak, Premier-designate Kathleen Wynne or NDP Leader Andrea Horwath ?
Answer is no one.

Mihir's Market Matters Report - Feb 2013

February 2013 Welcome to the February issue of Mihir's Market Matters Report. The February Flavours are the ongoing low Mortgage Interest Rates. The market has started to pick up if January indications are to be considered. A 2 bedroom, 2 bathroom house (17 foot x 93 foot) in East York sold on the weekend for $525,000. The asking was $487,000 and 8 multiple bidding offers came in. Are you in the market for purchasing a new property. You can refer to the attachment on property tax rates in and around GTA. In regards to the Mortgage Rates, I am able to offer the best rates in the Industry backed with exceptional customer service. RATES AS OF 6TH FEBRUARY 2013 QUICK CLOSE SPECIAL - 2.79% FIXED FOR 5 YEARS VARIABLE - Prime (-0.35%) for 3 YEARS FIXED - 2.89% FIXED FOR 5 YEARS (60 DAYS CLOSING) Thanks Mihir Oza 647-710-7374 Mortgage Agent (License # M11000672) The Mortgage Practice   My Motto: Right Advice. First Time, Every Time.   Bank of Canada Interest Rate December 4, 2012 1.00 % January 23, 2013 1.00 % March 6, 2013 Next meeting date Source: Bank of Canada Bank Prime Lending Rate December 5, 2012 3.00 % January 24, 2013 3.00 % March 7, 2013 Next meeting date Source: Bank of Canada Conventional Mortgage - 5 Year Rate*  November 21, 2012 5.24 % December 19, 2012 5.24 % January 23, 2013 5.24 % Source: Bank of Canada *Determinant for high ratio mortgage variable qualifying rate US Federal Reserve Board Discount Rate* December 11, 2012 0.00 % - 0.25 % January 30, 2013 0.00 % - 0.25 % March 20, 2013 Next meeting date Source: US Federal Reserve *US Federal Reserve has indicated it will now keep this rate until unemployment reaches 6.5% Exchange Rate $CDN($US) December 31, 2012 1.0051 January 17, 2013 1.0140 February 4, 2013 1.0014 Source: Bank of Canada Government of Canada Bonds Bond Type December 19, 2012 January 9, 2013 January 23, 2013 1 year Treasury Bill 1.10% 1.10% 1.07% 3 year Benchmark Bond Yield 1.22% 1.24% 1.20% 5 year Benchmark Bond Yield 1.40% 1.44% 1.40% 10 year Benchmark Bond Yield 1.84% 1.91% 1.87% Source: Bank of Canada Total New Housing Starts (Seasonally adjusted and annualized) Province October 2012 October 2011 November 2012 November 2011 December 2012 December 2011 Newfoundland/Labrador 3,400 3,500 3,700 3,900 3,800 3,000 PEI 800 900 800 1,500 1,300 800 Nova Scotia 9,400 3,300 3,200 2,800 3,200 8,500 New Brunswick 3,000 3,900 3,000 3,500 2,300 3,700 Quebec 43,300 44,500 48,400 47,200 42,800 50,300 Ontario 69,500 73,500 59,700 54,000 78,300 71,500 Manitoba 7,300 7,600 7,300 7,500 4,700 4,900 Saskatchewan 10,900 8,400 11,900 7,200 10,000 5,900 Alberta 33,600 31,600 39,700 29,900 30,000 28,300 British Columbia 28,100 30,400 23,700 28,200 21,800 23,000 CANADA 209,200 207,600 201,400 185,700 198,000 199,900 Source: CMHC Housing Now - January 2012 and January 2013. This seasonally adjusted data goes through stages of revision at different times of the year. Average MLS® Resale Price for Local Markets  City December 2011 December 2012 Halifax $ 254,228 $ 269,098 Saint John $ 162,859 $ 145,445 Quebec $ 254,652 $ 258,313 Montreal $ 319,388 $ 330,655 Ottawa $ 335,330 $ 336,856 Toronto $ 451,436 $ 478,739 Hamilton/Burlington $ 315,940 $ 336,382 Winnipeg $ 268,977 $ 257,719 Saskatoon $ 304,576 $ 324,597 Regina $ 273,919 $ 317,581 Calgary $ 392,661 $ 419,811 Edmonton $ 315,658 $ 329,410 Vancouver $ 689,057 $ 683,875 Victoria $ 469,484 $ 485,945 Source: Canadian Real Estate Association Household Credit Growth

Source: RBC Economics, February 2013