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Windsor Real Estate Info

There was a short article on the front page of the Windsor Star today entitled “Housing Market Sales strong in June”

Average price of homes rising

  • GRACE MACALUSO, The Windsor Star

With the average sales price on the rise, the Windsor-area’s housing market posted its strongest June sales since 2011, according to the Canadian Real Estate Association.

On a seasonally unadjusted basis, residential sales last month totalled 526 — up from 497 in June 2013, said Gregory Klump, chief economist at CREA.

On a monthly basis, sales fell slightly last month compared to May 2014, however, listings also fell, creating a “tight market,” Klump said.

“Both sales and listings fell in tandem, so it’s skirting with a seller’s market. You have

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As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can still qualify for CMHC insured financing through CMHC homeowner products with a validation of their income using traditional methods.

“CMHC helps Canadians meet their housing needs and contributes to the stability of the housing market and finance system” said Steven Mennill, Senior Vice-President, Insurance. “As part of the review of its mortgage loan insurance business, CMHC is evaluating its products and services to ensure they are aligned with these objectives.”

As a result of changes to CMHC’s mandate to

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A great time was had by all at The Amazing Spider-Man 2 Client Appreciation event this past weekend. We had an excellent turnout, with 200 clients & friends packing the theater!

Clients enjoyed an incredible performance by Spider-Man of Hero Academy for Kids and professional photos by Victoria McKinlay of Trendy Photos.

The movie was excellent (but the end really surprised me!)

The photos will be posted on our Facebook Page tomorrow. Remember to get your kids’ colouring pages in by Monday for a chance to win one of 4 gift certificates to Scholars Choice.

We also have a contest for the adults up our sleeves. Stay tuned!!!!

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A recent decision by the Ontario Superior Court in Covers v. Bumbia has significant implications for Ontario landlords when it comes to renting out apartments and condos. Paul Kondakos, president of RealtyHub, offers an insight into this ruling and implications for both parties.

A little history … it is illegal for Ontario landlords to request or accept anything more than first and last month’s rent upfront from a new tenant. If brought before the LTB (Landlord and Tenant Board), the landlord would in all likelihood be ordered to pay back the tenant anything over and above the first and last month’s rent.

Covers v. Bumbia changes the rules. Without getting into the facts of the case itself, the salient points of the decision are as follows:


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(BPT) - Are your auto insurance premiums too high? Maybe they are, but not for reasons you might think. Insurance companies aren’t charging you higher premiums because you’re in an over-50 age group. You may be paying too much because you haven’t done anything to lower the cost of your premiums. Check out these money-saving tips - they could be right up your alley.

* Comparison shop. You don’t need to stay with the same insurance company forever. Prices vary from company to company. Just be sure you discuss the identical coverage with each company representative. Also, don’t go by price alone. Consider the company’s reputation, customer service and available discounts. Look online at customer reviews to get a better picture.

* Combine policies with one

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