Moving Sale…

Hello everyone, I have a client who is closing her home Friday, November 23, 2007 and has some furniture, etc. for sale. Please contact Stephanie should you have any interest (see below)?


Timothy Salisbury
The Salisbury Team
Royal LePage Niagara Real Estate Centre Inc., Brokerage
Toll Free – 1-800-467-8498
Office – 905-937-6000
View My Website at
When Buying or Selling, please remember me!

Washers, Dryers, Stove

Kenmore Heavy Duty Washer & Dryer 5yrs old and in good working order $500.00 or best offer for the set.

Whirlpool Super Capacity Washer & Dryer set for sale 3 yrs old $500.00 or best offer.

White Kitchenaide Self-cleaning stove/oven 5 yrs old $300.00 or best offer.

Please contact Stephanie at 905-708-2630

6th Annual St. Catharines Santa Claus Parade & Christmas Party at Market Square

Sunday, November 25th – 2:30 p.m. – 5:30 p.m.

Please mark Sunday, November 25th on your calendar. It is the “6th Annual St. Catharines Santa Claus Parade” beginning at 2:30. Parade starts at William Street to St. Paul Street, left on James Street to King Street and ends at the Market Square. The Post-parade party at Market Square will have lots of FREE family fun including Jump´n bounce, reindeer (i.e. pony) rides, hot chocolate and/or apple cider and much, much more! What would a Christmas Party be without Santa? Be sure to have the kids bring their letters and place inside the mailbox. There may even be a photo opportunity available. So dress warmly and bring the entire family down to celebrate the holiday season in downtown St. Catharines.


December, 2007

Santa and Mrs. Claus will visit Market Square on December 1, 8, 15, & 22nd from 9am-12noon. Photos with Santa and Mrs. Claus will be available at a cost of $2.00 or bring a canned donation to Community Care. The St. Catharines Downtown Association will be having their annual FREE horse carriage rides on December 1, 8. 15, & 22 from 11a.m.-3p.m. For further information on carriage rides contact Tisha Polocko at 905-685-8424.

Attractive Lakeside Area Home Located at 76A Newport Street

UPDATE: This property has been sold!

Please use our online complimentary St. Catharines Ontario real estate search to find similar available listings.


Priced adjusted to $174,900
New down payment only $8,745.00

Northend location
2 storey home
Maintenance free exterior
3 bedrooms, 1 1/2 bathrooms
Approximately 1,100 square feet
Large master bedroom with double closets
Kitchen with dinette and ceramic flooring
Sliding patio doors to deck and fenced backyard
Very private and ravine setting, no rear neighbours


Down Payment Options for Home Buyers

I ran this article about 4 weeks ago on my blog and here it is again.

Do you have any friends or family members who would like to buy their first home but just can’t seem to save the down payment. This could be an option for them? (see the notes below)


P.S.: Remember buyers that for the next few months it will be the best time for you to purchase your next home. The Real Estate Spring Market depends on the weather and can pick up as early as mid to late January. Should you have any questions, don’t hesitate to call or e-mail me!!

Every year, just a few months before it’s time to file your tax return, we tell buyers that this is the perfect time of year to “create” a down payment by using their RRSP allowable contribution limit and the Federal Government’s Home Buyers’ Plan for first time home buyers.

First a quick review… every first-time buyer has the right to withdraw up to $20,000 from his or her RRSP at the time of a home purchase. The little-known secret is that the money does NOT need to be used strictly for the down payment on your house or condo purchase.

However, it does have to be in your RRSP for at least 90 days before pulling it out to purchase a home, so that’s why you need to do some advance planning!

So how can you create a down payment out of ‘nothing’?

The first step is to dig out your last Tax Assessment form from Canada Customs and Revenue (you received this when you got your tax refund last spring) and check it to find out your allowable RRSP contribution as of right now. Many people have several thousand dollars left that they can contribute because they haven’t topped up their contributions annually; some people have a lot more than that.

Let’s assume for a moment that a couple is planning to purchase a home and each of them can top up their RRSP by at least $20,000.

The next step is to arrange for an RRSP loan of $20,000 each. Pretty well everyone can qualify for this loan because the banks keep your RRSP investment (a GIC, for instance) in their bank, so it’s safe in their eyes. Take out this loan for a long term ( three to 10 years), not because you’re going to have this loan for a long time, but because it will make your payments lower while you do have the loan.

When March 1st comes along, file your tax return right away and wait for the big refund cheque to come in the mail.

Let’s assume that you’re in a 40 per cent tax bracket. You should then get back approximately $8,000 each in tax refund based on reducing your taxable income by $20,000. This $8,000 each (total of $16,000) now becomes your down payment… don’t spend it!

Now here comes the fun part. Go out and purchase a home with a closing date of at least 90 days after you put your borrowed funds into your RRSP.

When you get to about 10 days to 2-weeks prior to the closing date for your home deal, instruct the bank to cash in your $20,000 worth of RRSPs each. The person at the bank, of course, will say… “You’ve got a loan against it” and then you will say “Pay the loan off with the $20,000 I’m withdrawing.”

Following all of these steps carefully will leave you in the enviable position of having NO RRSP loan, $16K in your hand to use as your down payment and 15 years to repay the $40,000 that you withdrew from your RRSPs.


Current Mortgage Rates

5-Year Fixed 5.99%
3-Year VRM 5.75%, Prime minus 0.50% fully opened

Quote of the Week

“Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.”

Paul Croteau
Mortgage Specialist
BMO Bank of Montreal
ph: (905) 321-3230

Choosing a Realtor

Here is a 2nd article given to us by Stacey Haluka of Staging Spaces. This article talks about when thinking about hiring a realtor to sell your home, what to look for and questions to ask.


Choosing a Realtor

Having made the difficult decision to sell your home, you now face the daunting task of selecting a realtor and agency. And there are MANY to choose from. Just as you shop around for a vehicle or new home for yourself, you should shop around for the right agency and agent to represent the sale of your home.

We have comprised a list of questions to ask yourself that may aid you in the process.

1.     What type of listings does the agency/agent typically list?

2.     What is the sales history for the agency/agent?

3.     How long have they been in business/been a real estate agent?

4.     What particular target market buyer is the agency/agent most successful selling to?

5.     What particular target market listing is the agency/agent most successful selling?

6.     Is the agency/agent a leader in customer service?

7.     If I choose to list with this agency/agent, how long is the contract for and what conditions apply?

8.     How does the agency/agent determine asking price? How does the agency/agent handle reducing asking price?

9.     How will my property be advertised?

10.      How many listings does the agency/agent currently handle? Are they capable of giving my home the attention it requires?

11.      Is the agency/agent capable of fielding multiple offers to my best advantage?

12.      What is the commission rate?

You may be asking question 12 first, because our first worry is always about the costs involved with selling our home. However if you’ve determined the worthiness of the agency or agent in the first 11 questions, you will have a better idea of the VALUE you are getting for the commission costs.

When searching for a realtor, look for someone with experience and a solid sales track record for your home’s area. A realtor or agency that primarily lists or sells large farming operations may not be the best choice to sell your luxury adult condominium. Likewise, realtors who list and sell vacation homes or resort property may not be the optimal choice to sell your fixer-upper. By selecting a real estate professional who is familiar with the target buyer as well as your location, you will have more accurate listing prices and how your home will show compared to similar properties.

Watch for realtors who list your home for a significantly higher amount as this may be a “listing hook”. They are appealing to you as a seller. Some realtors may then reduce the asking price within a short amount of time to appeal to buyers. This loses the advantage of the buyers who look at your property with the higher price but walk away. They may not come back after the price has been reduced. This applies to staging your home as well.


Pictures should be clear, taken after the home has been staged and take advantage of the best features of your home.

Lastly, if an agency or agent has many listings on the go, they may not have the time to give you and your property the proper attention required. Ensure that you will be informed of inquiries, interest or lack thereof. You are paying a considerable fee, make sure they earn it!

Stacey Haluka
Staging Spaces

Location! Location! Location!…That’s What You’ll Get at 10 Ramlee Road

UPDATE: This property has been sold!

Please use our online complimentary St. Catharines Ontario real estate search to find similar available listings.

Enjoy the comforts of this beautiful home that sits on a quiet, tree-lined street backing onto the ravines in Walkers Creek district.


Priced at $259,900
Down payment only $12,995
Great private northend location
3 bedroom, brick bungalow, approximately 1,150 square feet
Single, attached garage with double driveway
Walkway from 3rd bedroom to sun room that overlooks an
inground pool, hot tub and private ravine backyard
Finished recreation room with gas fireplace set in a brick hearth
2 bathrooms, 1 with jacuzzi and sauna room