The Peterborough and Kawarthas Association of Realtors has reported that there were a record number of sales for cottage/recreational properties as well as vacant lots during the month of August.   In total, there were 36 sales of cottages and recreational properties during the month of August 2016, as well as 322 residential sales, 12 vacant land sales, one farm sale and seven sales of comme...Read More

Many home buyers are under the assumption that certain things obviously don’t come with the house – like the furniture. But what about things like the refrigerator, light fixtures, even toilet paper holders?   A chattel is something that sellers take with them when they move out of a home, and fixtures are items that the sellers leave behind. But fixtures and chattels can differ f...Read More

In partnership with Ipsos Reid, the Ontario Real Estate Association has released its latest Ontario Homeownership Index, which polls Ontario residents on how they feel about their cities’ economy and real estate markets.   In the Central Ontario (including Peterborough and the Kawartha Lakes, and excluding the Greater Toronto Area, which was considered separately) region, residents are ...Read More

According to a recent Re/Max survey, the low Canadian dollar in combination with historically low interest rates is having a very positive effect on the cottage real estate market in Canada, including many ideal Ontario cottage locations like Peterborough and the Kawarthas.   Canadians are currently driving the purchases, however many American or European buyers snapped up cottages over 20 ye...Read More

Many homeowners have probably heard of vermiculite insulation and that it can be dangerous, but a good number of Canadians do not necessarily know why it can be dangerous or whether or not it could be in fact found within their homes.   What is vermiculite insulation?   Vermiculite insulation is a material that was used heavily from the 1950s to the 1980s, and is found in many homes cons...Read More

Are you planning on selling your home this spring? Regardless the curve balls mother nature seems to throw at us every March, the fact remains that spring is definitely here and the weather will only continue to improve. As the weather heats up, so does the real estate market across Ontario. This is a great time to sell your home and take advantage of the busy spring real estate market.   How...Read More

The new mortgage rules announced in December by Finance Minister Bill Morneau are now in effect as of February 15, 2016. While these mortgage rules apply to all of Canada, their effects are expected to be felt in Ontario. The goal of these new rules is to keep home prices more affordable in some of Canada’s hottest markets, like Southern Ontario and the Greater Vancouver Area.   Before ...Read More

The Ontario Real Estate Association is revealing more in-depth information garnered from its semi-annual Ontario Home Ownership Index, finding that Central Ontario is one of the few Ontario regions where residents have a positive outlook on their local real estate markets. “Regional perceptions are more aligned on the question of economic conditions,” said Sean Simpson, the vice presi...Read More

A mild winter paired with the fast-growing popularity of the Peterborough and Kawartha region as “The New Muskokas” has resulted in the highest Cottage/Recreational property sales ever in the month of December, 21 of the total 145 sales. The scheduled extension of Highway 407 is also potentially having an impact on sales, because this will make it much easier to get into the city. &ld...Read More

The Government of Canada has announced that starting in February 2016, some Canadians will be required to pay a 10% down payment on a home instead of the current 5%. As of February 15, 2015, buyers of homes costing more than $500,000 will be required to pay a 10% down payment. Buyers of homes priced under $500,000 will still only have to pay 5%.  Properties valued at $1 million will require...Read More