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CHMC First Time Home Buyers Incentive

In a highly anticipated announcement on March 19, 2019 the Finance Minister tabled the Federal Budget which included easing measures for housing.

Since 2008 there has been over 30 government imposed regulatory changes introduced. All were aimed at tightening the mortgage landscape making it more difficult to borrow. This is the first time in over a decade that we have seen easing to the rules. Although it wasn’t the results that were widely anticipated, many Canadians will benefit from these additions. More importantly this indicates a shift in perspective from a government level which hopefully begins a new era where we can expect further easing over the coming years.

There are 2 main proposals for housing affordability which were introduced; The First-Time Home Buyers Incentive Program and an increase to the Home Buyer’s Plan.

The First-Time Homebuyer Incentive Program is scheduled to be launched in the fall of 2019 and we expect further details in the coming months as the program gets finalized. Once we receive the final program and have an opportunity to assess we will certainly share this with you and your valued clients.

Today we will focus on the increase to the Home Buyer’s Plan (HBP), the final report was submitted yesterday making this program now active and eligible for qualified buyers. This increase to the HBP withdrawal limit will apply in respect of withdrawals made after March 19, 2019 given that the Purchase and Sale agreement was also signed after this date.

First-Time Home Buyers’ Plan

Currently, the Home Buyer’s Plan (HBP) allows first-time home buyers to withdraw up to $25,000 from their Registered Retirement Savings Plan to purchase or build a new home without having to pay tax on the withdrawn amount. Budget 2019 proposes to increase the HBP limit to $35,000 per first-time home buyer or $70,000 per couple. Clients that are going through the breakdown of marriage or common-law partnership will be permitted to participate in the HBP even if they are not first-time home buyers provided that the separated person lives separate and apart from their spouse or common law partner for at least 90 days.

Here’s an example of some of the ways this program could help your valued clients:

Increased Eligibility:

Clients that have access to this program can benefit from the flexibility of increasing their purchasing power by $10K. This provides leverage and further opportunities for you and your client.

Decreased Payment:

An increase to the down payment by $10K will provide your customer approximately $50 per month in savings on their mortgage payments.

Reduced Income Qualification:

An increase to down payment allows clients to qualify for slightly more home. In this specific circumstance a customer looking to buy for $500,000 would need about $3K less in income by increasing their down payment by $10,000. This will help borrowers that are on the cusp of qualifying.

As always, I’m happy to help answer any questions you may have.

Thank you to my team and supporters for making a momentous 2018.  Coldwell Banker Real Estate Centre.

Moving? Things to Consider Before Packing Begins

Most of us at some point in our lives have relocated. Whether it was moving to a new house with our family as a child or packing up and heading across state for college, we all can appreciate how much effort goes into the prepping, planning and packing. Wonderful, new beginnings await us when we move! Here are some handy tips to relieve some of the stress of moving, helping you enjoy the process and this exciting time instead.

Know you’re moving? Organize all of the paperwork

It’s important to keep all paperwork in the same spot so you don’t spend time looking for it when a question about the move surfaces. Did you hire movers? Have their information on hand. Is your new house a rental? Make sure you have contact information in case something goes awry upon arrival and you can’t access your new apartment or home. By keeping all moving documents in one spot, you’ll not only avoid the stress of not being able to find something in a jiffy but also enjoy a more efficient move from start to finish.

To Do Lists are Key!

As with any big event, keeping a list of “to-do’s” is crucial. You wouldn’t plan your daughter’s engagement party with no planning, invitees, or reservations, would you? With a move, it’s also important to keep track of the steps involved throughout the process. In many cases, it’s simply a good idea to keep a running list of things you may need to remember at a later time. This list can hold important numbers, due dates and more. It’s just one more way to stay organized during a very busy but exciting time.

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Take Pictures

You may be feeling sentimental as the move approaches, but this tip has a different motive in mind. Photos come in handy for many reasons. By taking pictures of your knick- knacks before and during the move, your life will be easier once you make it to the new place and you’re trying to unpack and decorate. Know what else? Taking photos of electronic wires and connectors will help you when you’re trying to hook up the TV at the new home just in time to watch the big game! Also, if items get damaged in the move, you’ll be able to let the movers know their condition prior to the move…with the proof of a photo.

Don’t pack items you won’t be needing anymore.

I’ve written about decluttering when trying to sell your home, but it’s important to also not spend the time and the effort to pack items you won’t be using in your new home. Moving is the perfect time to declutter! If you are no longer using that cabinet and it’s been in your basement’s storage room, try to donate or sell it. You can also ask yourself, “where will I need this item in the new place”? If you don’t have an answer to that question, it’s likely time to part ways with it.

The internet is filled with practical (and sometimes off-the-wall!) packing tips to prepare you for your next big move. A little preparation and forethought will go a long way, starting off life’s next phase in the right way. Are you interested in that new home or wanting to learn more about selling your existing home? I’d love to help! I’ve assisted many families and individuals in the Greater Toronto Area and beyond to find their dream home. Contact me for all of your real estate needs at (416) 858-7365 or email me @ jesse@jessejohar.com

www.JesseJohar.com

STUNNING LUXURY INTERIOR DESIGNS INSPIRED BY THE 70’s

70’S HUES

The 70’s are back in a big way. 70’s trends are dominating right now from music festivals, to bell bottoms and overalls, to Interior Design.  It is recommended that sticking to slightly saturated reds, oranges, deep blues, and forest greens.  Deeper gemstones and metals with wood accents and white contrast modernizes your home with beautiful colour that isn’t too overwhelming.

COOL CONCRETE

Anyone who loves contemporary architecture appreciates the concrete aesthetic.  It is tough, long lasting and easily maintained and that for the right buyer it is a cool and edgy addition to a home.  Concrete really shines when it is paired with bold design choices such as bright colors, plants and even wallpaper.

SEEING DOUBLE

Today’s Luxury Kitchens are about having a minimalistic look at feel.  That means finding a way to hide all your unsightly appliances.  The most popular ways to do this have been to incorporate a butler’s pantry that houses not only dry goods, but also has a counter space for items such as juicers, blenders and the like. Alternatively a huge trend that is on the rise is to simply have two kitchen spaces – one for cooking, and one for entertaining.  While we’re seeing double, we need to add that the biggest must have for a luxury kitchen in 2018 is a double oven.

AU NATURAL

2018 has been all about taking it back to the basics, and that means finding those natural textures in your home and really highlighting them. For some this may mean showcasing an exposed-brick wall. For others it may mean bringing in those natural textures in the form of stone or woven accents. Either way, the more down-to-earth the textures feel, the more luxurious your home will look.

BRINGING THE OUTSIDE IN

Plants are the ultimate multi-purpose house decor item. In addition to providing clean air they also have the ability to look stunning when displayed properly, and depending on the plant could provide you with an indoor medicinal or herb garden. No luxury home would be complete without bringing these natural beauties indoor in a spectacular way such as a plant wall or large installation.

Trending Dramatic 70’s Cool Aesthetics. www.JesseJohar.com

Creditview Activity Hub Now Open!

Brampton has just opened a new, fully accessible play area at Credit-view Road and Sandalwood Parkway. The entire facility is compliant with the Accessibility for Ontarian’s with Disability Act, making this a first for the City. While it looks like an ordinary playground, it has been carefully designed to be accessible and inclusive for people of all ages and abilities. Play elements include basketball, 4-square and hopscotch, swings, slides, sand tables, and a spray pad- all fully accessible for users.

The layout of the play area includes separate areas for younger and older children, and quiet zones for children who are sensitive to noise. Credit-view Park is more than 100 acres in size and features a variety of sports fields, a field house with change rooms and washrooms, walking trails and outdoor fitness stations. All of the amenities have been designed to minimize impacts on the environment.

So Many Ways to Enjoy Your City! – Discover Brampton Events 2018

Summer in Brampton is shaping up to be super exciting with many great festivals, markets and activities to get you outdoors and enjoying our great community.  

Cele-Brampton is kicking it off on Saturday, June 9 from 11 am – 9 pm in Downtown Brampton. This annual celebration showcases our open, friendly and diverse community. Saturday, June 16 is the return of the Downtown Brampton Farmers’ Market. Opening at 7 am on Main Street, you will have until 1 pm every Saturday to meet with farmers and artists and buy farm-fresh produce and artisan products.

Then, head over for the launch of Saturday Night Movies in Garden Square. Bring your chair and enjoy the show, 7 – 9 pm.  Thursday, June 21, marks the return of the Mount Pleasant Village Market, a charming neighbourhood market, in the heart of the village. The market runs Thursdays, from 4 – 8 pm, until Thanksgiving weekend.  Finally, don’t forget to mark your calendar for Canada Day celebrations in Chinguacousy Park.  This is just the start of a great season of fun.

THE POWER OF RELATIONSHIPS

An important step towards home ownership. Benefit from professional assistance and competent service. Teamwork to help in the Home-Buying Process. We are here to help you. The solid working relationship with a Mortgage Specialists & Home Buyers Agent to ensure a Stress Free Transaction. Representing only you and your best interests. Receive a No Obligation Home Mortgage Pre-Approval. Thats “The Power of Relationships”
To learn more about the home buying and getting pre-approved process, please feel free to contact us.
JesseJohar.com or LinoContento.com
JesseJohar.com – Real Estate – Coldwell Banker Global Luxury
LinoContento.com – RBC Royal Bank Mobile Mortgage Specialist

Teamwork to help in the Home-Buying Process.
In order to find a home you want to buy, applying for a home loan and getting a pre-approval is an important step towards home ownership. The Jesse Johar Team is here to help you. Benefit from Professional Assistance and Competent Service.
Our preferred Mortgage Specialists can assist you with.
A No Obligation Home Mortgage Pre-Approval.
Represent Your Best Interests
Stress Free Transaction
Ensures Deal Closes Within Required Timeline.
Get Approved & Move In Your Dream Home Today
Learn more about the home buying and getting pre-approved
www.JesseJohar.com – Real Estate – Coldwell Banker Global Luxury
www.LinoContento.com – RBC Royal Bank Mobile Mortgage Specialist

When it comes to your mortgage, it is important to make sure you get the home you really want, with flexible financing solutions that are right for you.

This is where we come in. We are here to help you get the mortgage you need to suit your lifestyle and to make your home ownership goals happen.

Supported by the considerable resources and expertise of RBC Royal Bank®, We will provide you with expert advice and service for your home financing needs. We can help you understand the economic environment and ensure your financing suits your current situation and your future plans. You’ll enjoy the confidence of knowing that you are working with a professional RBC® Mortgage Specialists who have only your best interests in mind.

If you are looking to make informed mortgage decisions, contact us today and we will be in touch with you within 24 hours. PRE – QUALIFY NOW LinoContento.com or call Office: (905) 553-3209 or Direct: (416) 931-5466