Merry Christmas!

Merry Christmas to all the sales staff, support staff, and your families. Have a great holiday season and a prosperous 2008.

Ontario Government to Rebate Land Transfer Tax for First Time Buyers

The provincial government has announced that it is expanding the PROVINCIAL land transfer tax rebate for first-time buyers to include re-sale housing, something which REALTORS have lobbied for. The letter that initially came out was a little confusing, so some realtors thought that legislation already passed, which is not the case.
If you haven't had a chance to read this news here is more details for you:

First-time buyers of BOTH re-sale, and newly constructed homes, will be eligible for a rebate of the provincial land transfer tax of up to $2,000.
Effective for first-time buyers who enter into Agreements of Purchase and Sale AFTER December 13, 2007.
This change is being implemented by provincial legislation introduced on December 13, 2007. The Ministry of Finance has indicated that, until the legislation is passed, first-time buyers of re-sale properties eligible for the rebate can submit their applications for the refund and they will be processed once the legislation has passed. It is not known when the legislation will be passed. Buyers can consult with their lawyers if they have concerns.
The provincial land transfer tax rebate applies in all Ontario municipalities. In Toronto, the provincial rebate is in addition to City rebates of the Toronto Land Transfer Tax

November 2007 MLS Statistics

Here are the November 2007 MLS statistics from our two real estate boards:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 261,510	$227,642	$242,673	$228,580
Percentage Change	+14.9%		+6.2%
Properties Sold	503	439	196	212
New Listings/Sales Ratio	85.2%	67.2%	69.0%	59.6%
Properties For Sale Now	1117	1450	707	930

Welcome Robin Galt to our Cambridge office

Robin Galt has lived in Cambridge in her whole life except for the 4 years that she lived in Halton Hills.

Robin and her husband John have 3 children; Chris 26, Dave 19 and Michelle 16. Over the past 10 years Robin has been very busy with her children’s extra curricular activities including hockey, dance, swimming and music. Robin and her husband are extremely proud of their children’s accomplishments.

Robin has been an I.T. professional for 30 years in the manufacturing sector specializing in programming, EDI, RFID and Bar coding.

When Robin has some free time she enjoys playing golf, reading and taking Jazzercise classes.