Enter the Super Bowl Contest!

The Super Bowl is happening on Sunday, February 7th at Levi’s Stadium in Santa Clara, California.  Enter the Salisbury Team Super Bowl Contest to WIN a Gift Certificate!

Join in on the fun and leave a comment.  Tell us which team you think will win the Super Bowl and why.

If there is more than one winner, a draw will be held. Winners will be announced in the Valentine’s newsletter.

Don’t delay – Deadline for entry is Sunday, February 7th at 6 PM !

Good Luck!

Timothy

Previous Year’s Contests

The Super Bowl Game!
Superbowl ’48 Contest
Super Bowl ’46 Contest
Salisbury ‘Super Bowl 45’ Giveaway of the Year
Super Bowl XLIV (44)

Merry Christmas 2015

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It was great to work with Jim Gifford

Alex MorganThanks to the Salisbury Team for their professional friendly service.  It was great to work with Jim Gifford from the team.  The mortgage approval process was hard, but I was able to find a home to my liking, which made the process worth it in the end. 

Alex Morgan

DPT @ PVS Contractors

Feds to tighten mortgage rules for homes over $500K

The federal government is expected to tighten mortgage rules in an effort to cool the red-hot housing markets in Toronto and Vancouver, CTV News has learned.

The new regulations will increase the minimum down payment required to buy a home for more than $500,000, with portions beyond that amount requiring a 10 per cent down payment. The down payment on the first $500,000 will remain at five per cent.

For example, a home costing $700,000 would require a $45,000 down payment – a five per cent down payment on the first $500,000, added to a 10 per cent down payment on the remaining $200,000.

The regulations are expected to take effect in early 2016.

Buyers shopping for homes below the $500,000 mark will be unaffected by the new rules.

The announcement is expected from finance minister Bill Morneau sometime Friday morning. The government is expected to stress that the new rules are designed to foster equity and dissuade cash-strapped buyers who may be seduced by low interest rates.

The decision is based off research by the C.D. Howe Institute, an independent think tank.

The move is expected to take pressure off the Canada Mortgage and Housing Corporation (CMHC), which offers mortgage loan insurance for properties valued below $1 million.

Since the 2008 recession, the federal government has made it more challenging for Canadians to obtain CMHC-insured mortgages.

For homebuyers with a down payment of less than 20 per cent, the government decreased the maximum amount of time allowed to pay off a mortgage to 25 years from 40 years.

The move was intended to dissuade borrowers from making riskier purchases and instead encourage them to invest in less expensive homes.

http://www.ctvnews.ca/mobile/business/feds-to-tighten-mortgage-rules-for-homes-over-500k-1.2695989

He did an incredible job and we sold the house with no issues

jane-stephensI had to sell my father’s home in Niagara. Being from Toronto, I had no idea whom to hire.  My friend and realtor friend in St. Catharines, Nina Ruberto, immediately mentioned Timothy and his team. I spoke with Timothy numerous times and once I met him, I felt comfortable right away. He did an incredible job and we sold the house with no issues and for more than I expected!

Jane Stephens

PS: I also appreciated the thoughtfulness after the deal closed. Timothy took both Nina and I out for dinner to celebrate the sale!  Awesome customer service!

CFL Grey Cup 2015

The CFL Grey Cup game is happening on Sunday, November 29th at Investors Group Field in Winnipeg, Manitoba at 6 PM EST.  The Ottawa Red Blacks play against the Edmonton Eskimos.  We invite you to enter the Salisbury Team GREY CUP Contest and you could WIN a Dinner Gift Certificate to a local restaurant!

Just add a comment to tell us which team you think will win the Grey Cup and why.

If there is more than one winner, a draw will be held. Winners will be announced in the Christmas newsletter.

Don’t delay – Deadline for entry is Sunday, November 29th at 6 PM ! 

Good Luck!

Timothy

 

Edmonton Eskimos   http://www.esks.com/

Ottawa RedBlacks  http://www.ottawaredblacks.com/

We’ve Moved!

Royal LepageThe Royal LePage Lakeport office has closed and I have relocated to the office at 33 Maywood Dr.(South Service Rd. between Lake and Ontario Sts.)  My new office number is 905-688-4561.

Ever left your house or office and forgot something such as a photocopy, fax, phone call, etc.?  I would like to let everyone know that my office is your office. If you are out and about and need any services that my office might provide, just mention that you’re a client of mine.  Stop in or talk to one of the friendly staff and they will be happy to assist you.