Benjamins Realty

K-W real estate is starting the year off strongly

steve — Mon, 06 Feb 2012 14:57:12 +0000

In the past 2 weeks 154 homes were sold in Kitchener-Waterloo. Compare that with first 2 weeks of the year when 60 homes were sold and that’s a 250% increase. What’s more is that a whopping 20% sold at list price or over. K-W real estate is starting the year off strongly.

This week we’re excited to be listing a spacious Stanley Park side split for $289,900, three bedrooms, large main floor family room, garage, gorgeous lot. Tell your friends to check out our current properties this Friday for details on Saturday’s open house – before this one is snatched up.

Tighter Mortgage Lending Standards Coming in April

steve — Tue, 24 Jan 2012 03:33:09 +0000

Finance Minister Jim Flaherty has announced tighter lending standards for mortgages to be in effect April. The two major changes are:

Canadians can withdraw when refinancing to 90 per cent of the value of their homes, from the current 95 per cent.
Canadians will need to meet standards for five-year fixed-rate mortgages regardless of whether they’re seeking a loan with a lower rate and shorter term.

Flaherty stressed that the housing market is healthy and that these changes are proactive to prevent negative trends from developing.

Click here to read more at CTV News.