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Category Archives: Money Matters

Surprise! Mortgage Rates Are Going UP

Mar 29, 2020
I chatted with a client yesterday who wondered if the falling “mortgage rates” would affect the real estate market. Well first, there is not much of a market but that is a different topic you can read about here.  Secondly, mortgage rates are not dro ...
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Top 6 Municipal Tax Rates for 2019 in the Collingwood Blue Mountain Area

Aug 13, 2019
It's that time again:  our local municipalities have set their 2019 tax rates.  The following are tax rates for 6 area municipalities:  Collingwood, The Blue Mountains, Clearview Township, Grey Highlands, Meaford and Wasaga Beach. 
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Have you heard of Real Estate Wholesaling?

Feb 21, 2019
Recently had an email and phone exchange with a person who was considering the purchase of a property in our area through a “wholesaler.”  While this may be a well-known term in larger city centres, I’d never heard it here in our Collingwood – Blue M ...
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Tax Assessed Value Versus Market Value

Feb 06, 2019
"Why is the assessed value of the property I bought so much lower than what I paid for it?"
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Are rents set to rise even more?

Jan 16, 2019
It’s good news for investors and bad news for tenants as rents may well rise further in 2019. Rental rates, like anything else, are a function of supply and demand.  Many people who may otherwise have planned on buying a home, have been shut out of t ...
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Does the Collingwood area real estate market follow Toronto?

Dec 27, 2018
For as long as I’ve been in the real estate business, people have always said that our real estate market in South Georgian Bay follows the Toronto market so I decided to pull up some stats to see if that is true. This chart shows the general pattern ...
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Best and Worst Cities for Property Taxes in Canada

Sep 26, 2018
How do our local tax rates compare with other Canadian cities? Best & worst cities for property tax.
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Top 6 Municipal Tax Rates in Collingwood Blue Mountain Area for 2018

Sep 05, 2018
It’s that time again:  our local municipalities have set their 2018 tax rates.  The following are tax rates for 6 area municipalities:  Collingwood, The Blue Mountains, Clearview Township, Grey Highlands, Meaford and Wasaga Beach.  Municipal Pr ...
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Ontario 2019 Rent Increase Set at 1.8%

Jul 26, 2018
In early July, the Ontario government announced that residential rent increases for 2019 will be capped to a maximum of 1.8%. This rate does not apply to vacant units, nursing homes, commercial properties or social housing units but does over all oth ...
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What You Need To Know About Property Appraisals in the Collingwood – Blue Mountain Area

Apr 11, 2018
If you are purchasing a property and require financing for a mortgage, chances are an appraisal of the property value will be required by your lender.  If you are buying in The Collingwood – Blue Mountain area, I’ve got a few tips for you later ...
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Climate Change and Saving Money

Mar 14, 2018
The Green Ontario Fund is a not-for-profit provincial agency that has been tasked with the reduction of greenhouse gas pollution, in both buildings and industry in Ontario.  The goal is to help meet emission reduction targets in Collingwood, The Blue ...
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This One Thing Causes More Problems With Financing Than It Should

Feb 21, 2018
If you plan to buy a property and will require a mortgage, here is one thing that can trip you up:  not having your income tax filings up-to-date. Mortgage lenders will generally not approve financing anymore without current confirmation that income ...
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