Open Houses In Mississauga July 28/29

I’m going to try to make this easier for you.  Are you looking for a home inMississauga?  What’s your price range?  Is there a particular school that you would have your children attend? 

I haven’t forgotten the Zoomers and Boomers.  Now that you are enjoying the life in your great backyard, are you ready to start thinking about downsizing so that you could get away in the winter and leave the cold weather behind?

Well, I’ve come up with a plan…here is a link Detached Homes for Sale Open Houses for the weekend of July 28^th/29^th in Mississauga.  If you are interested in any of them and would like specific information, contact me directly at 416 427 1875 and let me give you the statistics of the neighbourhood.  If the detached homes are out of your budget, how about something more budget friendly, here is a list of Semi-Detached Homes for Sale Open Houses in Mississauga for the same weekend.

You can sit back and watch the Olympics in the early hours, and then head out.  You could visit me at Old Derry Road on Saturday and Crescent Road on Sunday.  I’ll be there.

Now, isn’t this easy?

Contact

Betty Bartusevicius (Betty Bart – I’ve even made this easy)
TEXT/PHONE DIRECT:  416 427 1875RE/MAX REALTY SPECIALISTS INC., Brokerage

RRSP Loans, Financial Planning

Have you ever asked yourself, "When does it make sense to borrow for your RRSP"? Well, here are some points and ideas that might give you some answers. Thank you John Scholl for, yet, another great article about our financial health.

Loans are a part of life for most Canadians. We take out loans to pay for our cars and our homes, for vacations, furniture and TVs. And, at this time of year, as the deadline for making your 2010 Registered Retirement Savings Plan (RRSP) contribution looms, you may be asking yourself if it makes sense to make one more loan – a loan to increase your RRSP contribution.

The right answer for you depends on the overall shape of your financial life. Let’s look at the factors you should consider.

Makes sense to borrow:

 Because contributing to your RRSP can pay off in two ways: First, you’ll increase the size of your tax refund; second, you’ll have more tax-deferred money growing inside your retirement plan. But the first rule is this: The loan must fit your budget.
 When you intend to pay off the loan within a year. Remember: Interest on an RRSP loan is not tax-deductible. Consider a series a smaller RRSP loans with payments within your budget. Longer term loans are more suitable for purchasing non-registered investments (when the interest is tax deductible).
 When size of the loan maximizes tax savings. Tax rates rise with income. More tax can often be saved by spreading RRSP deductions over more than one year. While contributions made in one year can be deducted in a future year, it does not always make sense to borrow to make an RRSP contribution if it will take several years to fully utilize the deduction. Again a series of smaller loans may produce the better financial result.
 When you use your tax refund to pay off the loan as quickly as possible. Or maybe not …
 If you expect to be taxed at, or near, the lowest marginal rate over time. In that case, you won’t get the full tax-reduction benefit of making your maximum RRSP contribution, so the cost of taking out an RRSP loan doesn’t make sense. Instead, you might want to consider contributing to a Tax-free Savings Account (TFSA). The contribution isn’t tax deductible but money and interest inside a TFSA is tax-free and, unlike your RRSP, so are withdrawals, which can be made at any time for any purpose.
 If your increased RRSP refund is already earmarked, in whole or in part, to pay taxes you owe on other income.
 If you are unsure your income level will allow you to meet your RRSP loan obligations, which you will be required to do regardless of your income level and the performance of your RRSP in the shorter term.

Borrowing to increase your RRSP contribution can be a useful strategy but it also comes with specific risks. Perhaps you can avoid the need to borrow next year through a Pre-Authorized Contribution (PAC) plan that automatically deducts and saves any amount you want from your regular paycheques.

And, of course, your professional advisor can help you map out the RRSP contribution strategy that fits the overall shape of your financial life.

The above article is provided to you compliments of:

John Scholl , CLU (Chartered Life Underwriter),CGA, B. Mathematics, Financial Consultant - Investors Group Financial Services Inc. & Investors Group Insurances Services Inc.
Phone: (905) 450-2891 X529 Toll Free: 1 (866) 799-2223 x529 Cell (416) 731-3660

I hope this helps with some decision making regarding RRSP Loans. If you need more questions answered, John will be able to provide you with answers and guide you further.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
905 828 3434
Directly: 416 427 1875
Email: betty@bettybart.com
Web Site: www.bettybart.com

Experience is not expensive! It's priceless!!

Skate In A Park

Just a reminder from the City of Toronto: Jim Melvin, PMA Architects, that this skating park is now open for business.

It is Toronto's first skating trail at Colonel Sam Smith Park at the bottom of Kipling that is totally dedicated to leisure skating. A 250 - metre figure - eight loop runs through parkland that has been planted with native trees that will eventually grow to provide a natural environment.

The Trail features:

- the power hosue containing indoor change facility and washrooms.
- a small skating circle for beginners
- a 250-metre loop of artificial ice
- a small pond to filter water runoff from snow and rain and serve as a naturalized wet land to attract birds, turtles and frogs
- lighting system throughout trail with speakers for state of the art sound system located in the power house
- hundreds of native trees such as Norway spruce and white cedars as well as numerous types of berry trees to attract birds. The area is a glyway for migratory birds.

Now, how exciting is this!! Because our winters a little long, let us embrace it and go skating. Outdoor skating is such fun. All you need to do is bring your skates and away you go. There should be enough room for all,.

Maybe I'll see you there one day. I'll be the lady trying to keep skating because I don't know how to stop.

Compliments of Betty Bartusevicius
Fine Homes in 905

Managing Your Money, Financial Planning

Here is another article to give you some help in planning your financial future. It's never too late. John gives some sound advice. Some of us didn't start planning early enough, but now, with the availability of advice, we can get going and get our children involved so that they can be more prepared for the future.

Financial Planning Pays Off

Value – according to a pair of long-term, in depth studies by two of the country’s leading professional standards and investment organizations, that’s exactly what Canadians get when they engage in thorough financial planning with a professional advisor. Value that pays off in the twin benefits of financial and emotional wellbeing.

The Value of Financial Planning -- a comprehensive five-year research study by the Financial Planning Standards Counsel (FPSC) -- delivered real empirical evidence that Canadians who engage in financial planning are far better off than those who don’t.

Among the report’s findings:

• Of respondents who engage in comprehensive planning, 51% said they were on track to reach their desired lifestyle in retirement, compared to just 18% of those who don’t receive any financial advice.
• The research also revealed that of individuals who engaged in comprehensive, integrated financial planning:
*61 % felt confident they would be satisfied with their desired lifestyle in retirement, compared with 27% with no financial planning.
*most also felt that they had improved their ability to save, had greater peace of mind, are less concerned about their financial situation, and feel better about having discretionary income to be able to lead the life they want.
A second report – The Value of Advice: Report2 – from the Investment Funds Institute of Canada (IFIC) drew similar conclusions:
• Third party empirical data (from Statistics Canada, Ipsos Reid and others) showed that when Canadians choose financial advice, they accumulate more assets and are better prepared, financially, for retirement.
*74% of advised households agreed that they feel confident that they will have enough money to retire comfortably.
*71% of advised households agreed that a year from now, they will be financially better off than they are today.

The IFIC report highlighted the wide range of valuable services that professional advisors provide for their clients, including: setting and achieving planning targets; choosing the right vehicles and plans; setting the right investment mix; and delivering customized solutions based on individual choice and personal goals.

As these studies confirm – and as so many Canadians have already discovered for themselves -- financial planning pays off. Get the value you deserve by talking to your professional advisor today.

The first phase of the study was conducted by The Strategic Council for FPSC, August 2009 to January 2010 and surveyed 7,300 Canadians. 22010 Value of Advice: Report, IFIC, July 2010

John Scholl , CLU (Chartered Life Underwriter),CGA, B. Mathematics,
Financial Consultant - Investors Group Financial Services Inc.
& Investors Group Insurances Services Inc.
Phone: (905) 450-2891 X529 Toll Free: 1 (866) 799-2223 x529 Cell (416) 731-3660

Shared by:
Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
Fine Homes In Nine Oh Five
Office: 905-828-3434
Direct: 416-427-1875
Email: betty@bettybart.com
Web Site: http://www.bettybart.com

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PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL INTRODUCTIONS ARE GREATLY APPRECIATED

Feng Shui, Mississauga

I have taken many courses in Feng Shui and have spoken to many who follow the beliefs. Some are guided by this form of belief others just use some ideas to make some changes in their lives.

I read something that was absolutely inspirational today. I would like to share with you some aspects of it. I am not preaching, but some of the ideas here really make sense.

1. Give people more than they expect and do it cheerfully.
2. Marry a man/woman you love to talk to. As you get older, their conversational skills will be as important as any other,
3. Don't believe all you hear, spend all you have or sleep all you want.
4. When you say, "I'm sorry", look the person in the eye.
5. Never laugh at anyone's dreams. People who don't have dreams don't have much.
6. In disagreements, fight fairly. No name calling.
7. Don't judge people by their relatives.
8. Remember that great love and great achievements involve great risk.
9. When you lose, don't lose the lesson
10. Remember the 3 R's: Respect for self; Respect for others; and Responsibility for all your actions.
11. When you realize you've made a mistake, take immediate steps to correct it.
12. Smile when picking up the phone. The caller will hear it in your voice.

If you can think of others, let me know and I will add it to the list. These thoughts have travelled the world from the Anthony Robbins organization.

With all the news that we hear during the day, these are just thoughts that might give you an 'AH HA' moment or maybe even make you smile. Let me know!

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
Fine Homes In Nine Oh FiveOffice: 905-828-3434
Direct: 416-427-1875
Email: betty@bettybart.comWeb Site: http://www.bettybart.com

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PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL REFERRALS ARE GREATLY APPRECIATED
this is not intended to solicit buyers or sellers under brokerage contract

Interest Rates Update, October 2010

The article included below was provided to me by Kristian Harris of Monster Morgage. It was written by: Michael Babad of Globe and Mail. This update was
posted in October 2010.

Bank of Nova Scotia expects short-term borrowing costs to remain at ultra-low levels well into next year as the global economy moves into a "slower lane of growth."
In a new forecast, Scotiabank economists, like others, say the rebound that began midway through last year has lost "considerable momentum," notably in major industrialized countries where government stimulus is expiring and consumers are cutting back. Central banks will in turn hold the line on the exceptionally low interest rates used to fight the recession.

"Monetary policy in this environment is expected to remain exceptionally accommodative well into 2011, keeping short-term borrowing costs at essentially 'rock-bottom' levels for the foreseeable future to help bolster market liquidity, facilitate refinancing activity, and promote borrowing-to-buy," the report says. "Japan recently lowered its benchmark rate to 'zero,' and undertook another round of government bond purchases. Similar stories are likely to play out in the United States and the United Kingdom where stumbling economies, fiscal restraint, and deflationary concerns have surfaced."

Scotiabank projects that the Bank of Canada will hold its benchmark overnight rate at 1 per cent until the third quarter of next year, and then hike by one-quarter of a percentage point, followed by a half-point increase in the fourth quarter.
Economists believe Friday's jobs report from Statistics Canada, which showed the labour market cooling somewhat, will stay the Bank of Canada's hand. It next meets Oct. 19.

"Renewed solid job gains will be tough to come by in the months ahead amid the lacklustre pace of underlying growth," said BMO Nesbitt Burns deputy chief economist Douglas Porter. "This solidifies the view that the Bank of Canada is now on hold. "
The Federal Reserve will remain near zero until the fourth quarter of 2011, followed by a projected quarter-point hike, the European Central Bank will stay at 1 per cent until it brings a quarter-point increase in the fourth quarter, while the Bank of England will stay at 0.5 per cent until the third quarter, then raising by a quarter-point, and another quarter point in the following quarter, Scotiabank predicts.

Kristian Harris
Mortgage Broker
Direct: 416.818.1645

Thank you, Kristian. Keep watching for more news. Things are changing all the time. If you would like to discuss your financial status regarding the purchase of a home, call Kristian directly at 416 818 1645. If you would like to discuss further, call Betty at 416 427 1875 and let me help you with all your Real Estate needs.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc. Brokerage
905 828 3434
Fine Homes in 905
Directly at 416 427 1875
betty@bettybart.com
bettybart.com

11 Rules Your Kids Did Not and Will Not Learn In School, Mississauga

A few days ago, many of us celebrated our children going back to school. Others, dropped their loved ones at different universities or colleges so they can continue their education. I no longer celebrate in the same manner. I still have one young adult in university. He hasn't started his 3rd year, yet. He starts the second week of September. I watch the little ones walking to school with their new school bags and holding their parents hands and I think back to those wonderful days. Of course, we do see our kids grow up and we look forward to the day when they begin their lives away from the comfort of their own homes. It will happen.

I have been fortunate to pick up a real cute article by Kent Summers. The article was titled:

Bill Gates Speech: 11 Rules Your Kids Did Not and Will Not Learn In School
Rule 1: Life is not fair - get used to it.

Rule 2: The world doesn't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.

Rule 4: If you think your teacher is tough, wait till you get a boss.

Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.

Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.

Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.

Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.

Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

Rule 11: Be nice to nerds. Chances are you'll end up working for one.

There has been so much sad news in the papers, on TV, and on the radio. I thought that this would bring a new a few smiles and a chuckle to those with children who are in post secondary education or heading out to the real world of jobs and opportunities.

Let's smile and laugh and pass it on.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
Fine Homes In Nine Oh Five
Office: 905-828-3434
Direct: 416-427-1875
Email: betty@bettybart.com
Web Site: http://www.bettybart.com

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PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL REFERRALS ARE GREATLY APPRECIATED

August Market Watch, Mississauga

Hello To All:

This is meant for all those that missed receiving my monthly news letter.

First things first, welcome back to school to all those children and young adults (all adults) who have returned. To the parents who left their loved ones in the hands of the educators who will teach your children for the months that follow, enjoy a restful cup of tea or coffee as you try to settle into your regular fall routine. The excitement of the first day of school is now over.

The EX is ending, the Air Show took place only for 2 days not the regular 3, and Mother Nature decided to remind us that summer is nearing it's end. In the days and weeks that follow, we will start to think about cleaning up our yards and completing some tasks that we put off when the weather was too warm. This has been the best summer in a number of years. Homes were not listed as quickly as was predicted. Buyers stood back and waited for the 'bargains' to magically appear. The homes that were priced well, sold quickly. Some homes in certain areas of Mississauga and Oakville even had multiple offers. Yes folks, they're back. Not with the same vengeance as previously.

The August Market Watch is available. Read it on line and save a tree.

I'm waiting for listings to come on the market as I have some serious buyers that are looking to purchase. I have knocked on doors in those neighbourhoods that my buyers have showed interest. I'm just waiting for everyone to settle into their fall routines and return my calls.

The Bank of Canada has informed us that it may be raising interest rates this month. Is it time for you to get your finances in order? Give me a call and I'll set you up with a Financial Specialist to get you on the right track toward Home Ownership.

Are you ready for a Home Evaluation? You will find that I will provide you with honesty, integrity, and the professionalism that you deserve from your realtor. Do you just have some questions? If you want to find out what I will do for as your realtor, you can get information easily. Just click here. Do you want to go look at what's available on the market right now? Become a VIP Buyer.

We have all heard the doom and gloom from the media that the Real Estate Market is heading toward hard times. If you take a look at the market ups and downs throughout the years, the last season was nothing new. We are looking forward to a better fall market than we had seen in the summer. This was typical. If you would like, I can provide you with the tables and figures of markets of past. Pricing a home has never been more important in order to get your house sold. Buyers, take a look at statistics and be prepared to make an offer. Get yourself a realtor you can trust and get along with. It will be a journey and you want to take that journey with someone with whom you can get along.

Do you just want to chat? Do you have a few questions? Give me a call directly at 416 427 1875. I am ready to get moving and complete the tasks that both buyers and sellers put towards me. I look forward to all your calls and questions.

I look forward to hearing from you. Don't forget to help me get to 150 friends on Facebook.

Remember, your decision is the decision I will respect!

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
Fine Homes In Nine Oh Five
Office: 905-828-3434
Direct: 416-427-1875
Email: betty@bettybart.com
Web Site: http://www.bettybart.com

Help Me Get to 150 Friends on this Facebook Page; Click and Like me Please

PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL REFERRALS ARE GREATLY APPRECIATED
this is not intended to solicit buyers or sellers under brokerage contract

More HST Updates

On July 1st, the Ontario government implemented the HST as part of a tax plan designed to strengthen the economy. While lots of discussion surrounds the changes – let’s cut to the chase. Here’s what people buying or selling a home need to know.

About 93 per cent of all homes sold in Ontario are not subject to an additional tax amount under the HST.

It’s important to note, the HST is not charged on resale homes. In addition it is not charged on home insurance, and mortgage interest costs.

HST is charged on:
- real estate commissions
- legal fees
- new homes (The full list of what changes and what doesn’t change is available on the website (23 languages), PDF format and for free download as a mobile application. )

New Homes Rebate

Regardless of the price of new homes purchased as primary residences,, buyers may be entitled to a rebate in respect of the provincial part of the HST of up to $24,000, ensuring that buyers of new homes priced up to $400,000 will, on average, pay no more – or possibly even less – tax than under the PST system. The effect of the rebate is that homes valued over $400,000 will be subject to the 8 per cent provincial part of the HST on the amount above $400,000.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
Fine Homes In Nine Oh Five
Office: 905-828-3434
Fax: 905-828-2829
Cell: 416-427-1875
Email: betty@bettybart.com
Web Site: http://www.bettybart.com

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Home Alone? Not anymore!

Home alone – not anymore. Your adult child is back. Is It Time To Downsize?

Call ‘em Boomerang Kids or KIPPERS (Kids In Parents’ Pockets Eroding Retirement Savings) – but by any name, the number of adult children living with their parents is on the rise. And for Boomers, that can be a double whammy because many are being sandwiched between caring for their adult children and for their aging parents.

A recent survey of Boomers revealed that four-in-ten who care for both children and parents say they have been forced to reduce the amount they’re investing for retirement, one-quarter say they have adopted a less comfortable lifestyle, and one-quarter expressed concern that this financial assistance will jeopardize their retirement security.

There’s no doubt that having adult children at home creates financial challenges by increasing the cost of living, creating a drag on savings, and even causing a loss of freedom. Here are some practical ideas about how to reduce stress, hard feelings and avoid potential financial disaster:

Pay to stay: Treat your child as an adult and try to replicate ‘real world’ conditions by having them contribute to household expenses, chores, and even pay rent. If they aren’t employed, encourage them to actively seek work.

Invest in a secure future: As an alternative to paying rent, insist that your adult child establishes an investment plan to help pay a future down payment on their own home.

Tax relief: If your stay-at-home adult kid is also a student and has no tax to pay, you can relieve some of the pinch on your finances by taking advantage of unused federal tuition and education credits (combined). Up to $750 can be transferred from the student to a parent. (Provincial tax credits may also be available.)

Define ‘rent’: Is your child paying you fair market value rent or just enough to cover their share of home upkeep and the cost of groceries? If it’s the latter, the Canada Revenue Agency (CRA) says you don’t need to report that income on your tax return but you cannot deduct expenses. If you attempt to claim a rental loss, the CRA will put you to the test of proving the rental rate is at fair market value, and there is a reasonable expectation of profit.

With children taking longer to become self-sufficient and aging parents expected to live longer, Boomers could be in for a rough ride. The first step is talk openly with your children about money and responsibility. And a good second step is to discuss your situation with your professional advisor to make sure your financial plans stay on track.

Compliments of:
Betty Bartusevicius, Sales Representative  ASA
RE/MAX Realty Specialists Inc., Brokerage
905 828 3434
Fine Homes In 905
416 427 1875

Mortgage Rates Update

By now we have all heard that the Bank of Canada has raised the interest rate another quarter point. It was in the paper early this morning. The prediction is that it will go up some more by the end of the year.

As I have been telling my buyers, this is an opportune time to purchase a home and still get a great interest rate. Do this before rates go up some more. There are plenty of homes on the market so there is choice. With many enjoying the holiday season and all the activities that come with the summer, it may be a good time to sit down and chat with me about a home purchase, or even the sale of your existing property.

The following article was provided to me by Kristian Harris of Monster Mortgage, an independent Mortgage Broker.

"The Bank of Canada Tuesday raised its benchmark lending rate for the second consecutive month while cutting its forecast for economic growth over the next two years because austerity measures in Europe and economic fits and starts in the United States will make for a slower global recovery and a “more gradual” Canadian rebound.

In the statement on its decision to lift the overnight rate by one-quarter of a percentage point to a still low 0.75 per cent, Bank of Canada Governor Mark Carney and his rate-setting panel reiterated that future moves will largely depend on developments around the world and, in turn, how they may impact Canada’s export-heavy economy.

Canada’s economy will grow at a 3.5 per cent annualized pace this year instead of the 3.7 per cent rate that policy makers projected in April, and 2.9 per cent next year instead of 3.1 per cent, the central bank said. The following year, however, the domestic economy will grow at a 2.2 per cent pace instead of the 1.9 per cent predicted in April.

A flurry of belt-tightening measures in Europe have lowered the risk of an ``adverse outcome’’ to the continent’s debt crisis and raised prospects for ``sustainable long term growth,’’ but will slow the worldwide turnaround, the central bank said. Also, in the United States, Canada’s main export market, the bank said private demand is ``picking up but remains uneven.’’

The revisions -- which will be explained more in a new forecast that the central bank will release on Thursday -- are due to ``a slightly weaker profile’’ for global growth but also to ``more modest consumption’’ domestically as the housing market cools, government stimulus spending runs out and business investment remains tepid, the bank said.

``Given the considerable uncertainty surrounding the outlook, any further reduction of monetary stimulus would have to be weighed carefully against domestic and global economic developments,’’ the central bank said, using identical language from its statement on June 1, when it became the first in the Group of Seven to raise borrowing costs since the recession.

Investment by Canadian companies ``appears to be held back by global uncertainties’’ and hasn’t bounced back from a sharp drop during the recession even as many firms are hiring, the central bank said. Without being more specific, policy makers said that over their projection period they anticipate business investment and net exports will make a ``relatively larger’’ contribution to economic growth -- a hint that the domestic consumption that powered Canada’s economy out of the recession can’t be relied on as much to fuel the recovery going forward.

Inflation will stay near the central bank’s 2-per-cent target throughout the projection period, policy makers said, but the economy won’t return to full capacity until the end of 2011, or six months later than they had forecast in April."

Thank you, Kristian, for your insight and for the speed at which you provided this to me.

If you have any questions regarding your finances, contact Kristian. For all your Real Estate needs, call me, Betty, directly at 416 427 1875. Let me help you get into a new home or sell your existing house.

Betty Bartusevicius, Sales Representative
RE/MAX Realty Specialists Inc., Brokerage
905 828 3434
Fine Homes In 905
416 427 1875

Providing you with honesty and integrity, qualities you deserve from your Realtor.

Mississauga Homes For Sale, Lorne Park

Double-digit gains characterize average price appreciation in most Toronto neighbourhoods in 2010, says RE/MAX
Mississauga, ON (July 14, 2010) - Toronto's

I have been trying to tell my buyers that Lorne Park is the place to live. I chatted with an new owner about his new life in Lorne Park. he said that for few years now his children had been enrolled in a private school. Now that he lives in Lorne Park, he has taken his kids out of private school and has enrolled them in the Lorne Park School District. He is so happy with the education and sports that are offered in these schools, and he is extremely happy with the teachers. "Well worth the move" were his words.

Here is a report that was provided to us thanks to Michael Polzler:

Mississauga, ON (July 14, 2010) - Toronto's housing market roared back to life in the first half of 2010, with single-detached homes and condominium apartments and townhouses posting unprecedented double-digit gains in average price in most districts, according to a report released today by RE/MAX Ontario-Atlantic Canada. This is in stark contrast to the July 2009 RE/MAX report that found that values in approximately 80 per cent of neighbourhoods surveyed in Toronto had depreciated over the same period in 2008.

RE/MAX examined 63 Toronto Real Estate Board (TREB) districts in the single-detached category between January and June of 2010 and found that 85.7 per cent experienced double-digit gains. Mississauga's Lorne Park (W13) led in terms of percentage increase in average price with a 30.2 per cent upswing in the first six months of the year, bringing year-to-date values in the area to $880,373 (vs. $676289 in 2009 and $830,041 in 2008). Markham (N01) ranked second with a 27.7 per cent jump to $779,168 (vs. $610,322 in 2009 and $683,050 in 2008) while Armour Heights, Bathurst Manor (C06) came in a close third at 27.5 per cent (rising to $732,535 from $574,599 in 2009 and $589,808 one year earlier). Mississauga's Creditview, Erindale area (W16) secured fourth spot with an average price of $561,973-up 26.5 per cent over 2009's $444,221 and 2008's $476,877. Rounding out the top five was York Mills, Hogg's Hollow, Bridle Path (C12) with a 26.2 per cent increase over last year and an average price of $1,868,591 (vs. $1,480,296 in 2009 and $1,580,851 in 2008).

"While first-time buyers dominated housing markets during the first half of 2009, move-up buyers ruled during January to June of 2010," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "Rising interest rates and the introduction of the Harmonized Sales Tax (HST) in the province helped drive activity, with more than 50,000 sales reported year-to-date-a figure on par with record 2007 levels."

Now that the summer market has arrived, the rising interest rates have been dealt with, HST is here and complaining about it doesn't help, and summer holiday season has kind of taken it's toll on the market. I am finding that homes are not coming on the market as was previously expected. I'm still hoping for more. It is still a relatively stable market.

For more information, give me a call directly at 416 427 1875. Visit my web site and find information that should be useful to you as either a buyer or a seller.

Can I help? Call me. No pressure tactics. Your decision is the decision that I will respect.

Betty Bartusevicius, Sales Representative

Re/Max Realty Specialists Inc., Brokerage

905 828 3434

FINE HOMES IN 905

416 427 1875

betty@bettybart.com

bettybart.com

Market Watch for June 2010

Happy July to all.

As we are all 'melting' from this short heat-wave that we are experiencing, we get bombarded with sad real estate market news. While you are reading about the sky falling in, once again, and the prices of homes dropping, once again, I hope you are enjoying the sunshine with a cool drink. We all know that by the lake provides the best and least expensive relief from the heat with the cool breezes that come from the water. Take a walk in a park. Set yourself under a tree and just smile as you read the gloomy news.

Those that are in "the know", seem to forget that this year our interest rates went up a little bit, HST has confused many as to who's going to pay the tax on what, and we are now in a summer market. The last couple of weeks I have been competing with FIFA, heat, G20, Parades, and summer heat as I hosted open houses. Were they slow? Yes, but I did have visitors. Are there buyers out looking for a new home? Yes. Are there sellers still thinking that the market is the same as it was 3 years ago? Yes, and it is taking longer to sell a home these days.

It is still extremely important for you to list your property realistically if you want to sell it in a decent amount of time. You must get an agent that can market your property and bring the most eyes to it and to showcase it, not just on MLS.

Here is the latest Market Watch for you to read over. As I predicted, it is now, yet again, a buyers market and a little more balanced market. If you would like to discuss your
specific neighbourhood, call me directly at 416 427 1875.

I don't go away for the summer. I do like to get out with my better half to play a round of golf. Would you like to join me? Again, give me a call and let's talk. Take a look at my web site: bettybart.com to read some of the new articles that I have posted. If you're on FaceBook or if you Twitter, find me and let's become friends.

Now, go out and enjoy the day. If you're going on a holiday, have some fun. Relax. This is summer. Listen to some songs that will make you smile.

As always, I look forward to your questions and to meeting up with you. Your opinions are of great importance to me. I like to keep the lines of communication open to all. If you see my signs for an open house, come on in and say hello.

Betty Bartusevicius, Sales Representative
RE/MAX Realty Specialists Inc., Brokerage
FINE HOMES IN THE 905
905 828 3434
416 427 1875
betty@bettybart.com
bettybart.com


PSST: If you know of family, friends or colleagues that need my assistance, feel free to pass along my contact information. I am never too busy for your referrals.

not intended to solicit buyers or sellers under written contract with another Realtor or Brokerage

Declutter and Disconnect Emotionally

Selling your home can be difficult emotionally. It is difficult to part with your property when you read all the bad news about home ownership. There are a few ways to ease the stress and make the process of selling your home a little more acceptible.

First of all, take all emotions out of the process. Difficult to do. That is why you hire a professional realtor to do this for you. If you cannot disconnect, problems will arise. First of all, if you feel that your home is worth more than it truly is (and all of us know our house is worth more), you and your realtor will have many 'discussions' as to what your 'house' is worth. The seller will also become a little more sensitive to the criticism of their property.

Secondly, make the house anonymous. In other words, remove all personal effects. We want buyers to come in and see themselves living in this home. We want buyers to look at the home not at the pictures, etc.m,of the families that live there.

When you declutter, don't just dump them in a closet or a box in the attic or basement. The garage is a good place, but make sure you can see that a car, or two, can get in without much trouble. Rent a storage space. Rent the "PODS" that are available now. Take your stuff to a family member's house if possible. This last place is the least expensive.

Now, when the offer comes in, consider it. Don't get insulted. It's always a starting point. In this market, it is difficult to judge what to offer. Sometimes homes are listed well above "Market Value" of the home, so start somewhere. This is where it is very important to be disconnected emotionally.

Let your realtor do his/her job. We can advise you where to proceed. In today's economic times, consider all offers. If both sides are at a stand-still, and both have yielded as much as possible, then maybe this deal was not meant to be. It might be the time to sleep on it and continue with the next one that comes in.

Happy Canada Day

Here we are, the first long weekend of summer. Get ready for a great weekend of celebrations and fun. There is so much going on this weekend. Where do you live? Just check out what's happening in your own community. Each and every neighbourhood surrounding Toronto is celebrating. Fireworks are going to be exploding in the skies! It will be easy to find a park to watch some explosions. Bring a blanket, some popcorn, and the kiddies and enjoy this. Or, just hold someone's hand and watch the skies light up.

Now, go out and enjoy a day off! HAPPY CANADA DAY!!! And have a great start to the summer. Remember, swim, bbq, camp, go to the beach, party with family and friends, or just put your feet up. But it goes without saying, BE SAFE.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
905 828 3434
Fine Homes In 905
Directly at 416 427 1875
Email: betty@bettybart.com
Web Site: bettybart.com

PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL REFERRALS ARE GREATLY APPRECIATED

not intended to solicit buyers or sellers under brokerage contract

Mississauga Home for Sale

Welcome to an elegant condominium for sale at 1915 Broad Hollow Gate in Mississauga. This is executive living at its finest in this exclusive wooded community in Mississauga . This gem is tucked away for quiet and privacy. It has a popular open concept design with 9 foot and 18 foot ceilings. Picture windows line the rear of this home with majestic wooded views. The kitchen has an upgraded Bellini Kitchen with granite counter top wrapped to backsplash with under valance lighting and wall to wall furniture finish twin pantry with a granite topped desk. Parking for 6 vehicles.

For more pictures of this home click here

This home also offers a built in dishwasher, all blinds and window coverings, garberator, all electric light fixtures, central air conditioning, pot lighting throughout, hardwood flooring, 7.5 Inch baseboards, large deck with a privacy wall overlooking the woods, garage door opener and remotes

If not this home, perhaps I can show you something else?

Feel free to give me a call and let's discuss your real estate needs. Your decision is the decision I will respect.

Betty Bartusevicius, Sales Representative
RE/MAX Realty Specialists Inc., Brokerage
905 828 3434
Cell: 416-427-1875
Email: betty@bettybart.com
Web Site: http://www.bettybart.com
Fine Homes in Nine Oh Five

PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL REFERRALS ARE GREATLY APPRECIATED

not intended to solicit buyers or sellers under brokerage contract

The Buyer Who Would Not Sign a Buyer Agency Agreement

As I was driving to my appointment with my buyers this evening, I heard a great commercial. It talked about the Buyer Representation Agreement. That was great for me, because it supported what I try to explain to my buyers at the first meeting.

Since I've become a licenced real estate agent, I have known that I should be working only with buyers who sign an agency agreement. Those are the clients that deserve my time and effort. At times, I have become complacent and trusting. I don't want to lose a Buyer by asking them to sign the Agreement. Some Buyers are quite nervous about working with a one Realtor exclusively. There is a feeling that other Realtors will work for them without this Agreement. Also, to get buyers to sign these forms, requires that I make adjustments to my routine.

I have to show my prospective buyers the benefits they will gain by working with only me and the professionalism, honesty and personal touch that I provide. In order to accomplish this, they need to come into my office for a complimentary buyer consultation.

I get excited about being able to help someone find a home. Here is an example of what happened to me and I hope it will help another realtor before this same situation happens to them. Also, it may also show buyers the importance of the Agency Agreement. I started working with a buyer a few months ago. Instead of scheduling the free consultation when the new buyer called me, I just get the property details and schedule a showing. Deep down I knew this was not the way it should be. (My mother told me always to follow my 'gut feeling')

Here's my story: A new buyer came along and asked to see a particular home. The fact that I had to reschedule all my appointments so that I would be able to accommodate buyer's schedule, did not matter to the buyer. The buyer had a need and I was happy to fill it because that is part of what I do - I find homes for buyers. So I made the appointment, printed detailed reports, drove by neighbourhoods to check them out for you and reported back to you diligently prior to your visit to this home.

For one reason or another, after that visit, we were not able to meet face-to-face for a few days. But I continued my diligent work for you. We spoke on the phone, texted and emailed back and forth, and stayed in touch, as per your request about this property. All seemed well.

I arranged a second visit, again as per your request. I arrived at the requested property for a second visit and waited for your arrival. After 10 minutes I decided to call and make sure you were still coming. You answered your telephone and with a very happy tone to your voice, said that you were going to finish the deal with your friend, who happens to be a realtor. He was too busy with his full time job (not real estate) and therefore you needed someone who knew about the home and the neighbourhood. You were so kind, Mr. Buyer. You did thank me for all the information that I provided and would I please continue to send more and give some advice on the Offer that should be presented. I must have paused for a second too long because the next thing that happened...you hung up the phone.

I've dealt with this type of buyer before, and each time I have said, “No More. From now on, if you don’t sign an agency agreement with me, I will not provide you with any further information.”

I have thought about what you did, and chastised myself for not following protocol. What you did was wrong. But that didn't matter to me at the time.

Now, I would like to thank you for your actions. I learned a lesson which will serve me well. Now, I will go on one date with you, at which time I will give you all the forms to read over at your leisure. I will not send you any valuable information unless I get the forms signed. If you do not want to be in an agency agreement with me, you do not deserve my services. No ifs, ands, or buts.

Please continue on your merry way and know that our brief encounter fared me well. I wish you the best of luck in your real estate endeavours. And the next buyer who calls me will know all the wonderful things he or she will be gaining by working with me exclusively. I will make sure I tell him/her.

Recently a listing came out in the neighbourhood where you wanted to live with your family. It was perfect for you. It had the lovely yard, was totally renovated, AND it was well below your budget. As I'm working with 4 or 5 people at any one time, this property was offered to my CLIENTS. My clients, are now under contract for this property. We have negotiated a great price and we are waiting for the closing date.

Yours truly,
A Happy Agent
Fine Homes in 905

October Market Watch Mississauga Real Estate

NOVEMBER MARKET UPDATES

In a clear sign that the housing market has shifted into recovery mode, residential housing sales in Canada’s major markets has reported record sales in the past few months. Toronto and Vancouver led the charge with sales among the highest in history for both local real estate boards.

Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada, has stated that “Canadians believe in homeownership — a fact best illustrated by the purchasers who ventured forward in recent months and snapped up some of the best real estate deals this market has seen in years. Those who chose to sit it out on the sidelines are now facing a market in transition, characterized by the threat of rising interest rates, low inventory levels, and upward pressure on housing values.”

Overall, major markets began to recover in March. Average prices are holding steady or climbing, days on market are down, and inventory levels continue to tighten, especially at entry-level price points. There is a surge of first-time home buyers back on the market and this has created great conditions for a 'move up" market.

Once again, I apologize to my buyers. You have competed in multiple offers, lost, and then eventually we have won. Those that we lost, I could not justify their prices. Those that moved quickly should be in their new homes very soon. Those of you who have decided to wait, are now looking at a continuing shortage of inventory. I will help. I will persevere and continue to do my job. It's been an exciting year. I am still able to get you into your home before the end of the year so that 2010 is truly a NEW YEAR.

If you need my help, contact me directly at 416.427.1875. Email me anytime at http://www.bettybart.com/AgentProfile/contactme.cfm. Know someone who is thinking of making a move? Feel free to pass along my information. My testimonials say it all.

Let's pull out our coats and let's get together to look at homes. Remember, I have a key to all homes listed for sale.

EXPERIENCE IS NOT EXPENSIVE!!!!
IT IS PRICELESS!

Common Mistakes Made by First Time Buyers

How to avoid Mistakes

Applying for a mortgage and becoming a home buyer can seem overwhelming especially if it’s your first home. With the help of a mortgage specialist, it can be easy. They will meet with you anytime and guide you through the process and help you find the best mortgage for your specific needs.

Not knowing your credit rating.

A credit rating is a record of your credit history and current financial situation which is typically translated into a credit score. Lenders use your credit rating to verify your repayment history. A good credit rating could improve your ability to get loans like mortgages. If your credit rating needs improvement to help you qualify for loans, you can improve your score by always making at least the minimum payments on your credit cards, loans or utility bills in a timely fashion.
Being unrealistic about how much you can afford to pay for your home.

You may be under or over-estimating how much you can pay for your home. Online mortgage calculators are available. You can also use this calculator to figure out mortgage payments with different amounts and rates.

Not considering a mortgage pre-approval.

Knowing the amount you will be approved for gives you the confidence to begin looking for homes within your price range. As long as you earn sufficient income and have no large debts or credit issues, you should be pre-approved for a mortgage. A pre-approved mortgage rate is usually guaranteed for 90 days (or lower if rates drop) so you can continue shopping and do not need to immediately commit. Make sure you check with you lender to make sure about the 90 day guarantee. Sometimes, this means that you must pick up your keys within the 90 days. Always ask about the option of extending the deadline. This is where your advice from your realtor or your mortgage broker will make the deal more relaxing.

Assuming you will not qualify for a mortgage.

Have you ever been declined for a mortgage for any reason, even bankruptcy, and still dream of owning your own home? If you do not qualify for a conventional mortgage your mortgage specialist may still be able to help you get the home of your dreams through an alternative mortgage solution. Although the alternative mortgage may cost a little more initially, once your credit situation has improved, you are able to lower your mortgage cost in the future.
Be aware of all the down-payment choices.

You’ll be glad to know that there are different options available depending on how much of a down-payment you can afford.Conventional mortgage (25% down-payment)High-Ratio Mortgage (minimum 5% down)No down-payment mortgage (must have a minimum of 1.5% value of the home set aside for closing costs) As high-ratio and no down-payment mortgages have lower down-payments, they require a higher mortgage loan insurance premium. This premium is added to the amount you borrow. As a first time homebuyer, you can also use money saved in your RRSP towards a down-payment with a maximum of $ 20,000 per person. Too focused on interest rate rather than overall solution. The mortgage specialist is there to help you decide which mortgage solution works best for you and fits not only your budget but within your future plans. Fixed rate mortgage: offers you the security of locking in the interest rate for the length of the mortgage term (anywhere from 6 months to 10 years) the interest rate for a fixed mortgage tends to be somewhat higher than for a variable rate mortgage. Variable rate mortgage: your interest rate will fluctuate according to the lender’s prime rate. However, over time you could have greater savings on long term interest costs. Worried about how much you’ll be paying regularly? Your regular monthly payments remain the same on a variable rate mortgage, only the portion of the payment allocated to principal and interest will fluctuate with the prime rate. Combined Fixed & Variable: If you want to benefit from the best of both worlds, ( the security of a fixed rate with the potential long term savings from a variable rate) you can consider RBC’s Homeline Plan. This option requires 25% equity in your home.

Not choosing your own mortgage payments schedule.

Customize your amortization period depending on how much you can afford. Paying off your mortgage faster saves on interest costs, while a longer amortization period such as 35 or 40 years reduces your regular payment amount and gives you more room to manage your cash flow. Because extended amortization means increased interest costs and paying down a mortgage more slowly, this option is not for everyone. A 25 year amortization period should be the starting point as stretching the mortgage amortization to 35 or 40 years can increase your total interest costs by 50% over the life of the mortgage. If you decided a longer amortization is appropriate, consider a strategy to reduce the amortization over the life of the mortgage, accelerated payments, bi-weekly payments, 10% anniversary payment and annual 10% increase in payment amount, can get you back on track to a 25 year –or even shorter- amortization period. Regardless of the mortgage option you choose, buying and owning a home is likely to be one of the biggest financial decisions of your life.

Creditor insurance can help protect that investment from life’s uncertainties and help give you the confidence that comes with knowing your investment is well protected.Life and disability insurance can pay your outstanding mortgage balance up to $500,000 in the event of death, or can make your regular monthly mortgage payment – up to $3,000 per month up to 24 months – if you become disabled. Forgetting about closing costs and other non-banking details. By this time you have selected a house, picked your mortgage options and are getting down to some picky details. It helps to know what these are so you can minimize any last minute complications.

Some additional budget items may be:

Professional Home Inspection: Always make an offer conditional upon a home inspection. As long as your offer is conditional upon the home inspection you can have the purchase price reduced to offset the cost of needed repairs or cancel the agreement. You should also inspect the home before moving in to make sure the condition has not changed. Newly built homes are covered by the TARION builder warranty program.

Lawyer or notary fees: make sure that you work with an experienced lawyer /notary so that all legal aspects of your house purchase are properly completed.

Property Taxes: Look for the previous year’s payments in the property listing given to you by your real estate agent.

Property Insurance: Property insurance is all about protecting the things you value: your home, your personal belongings and even your financial future. Fire insurance will be a must.

Property Value: Know that when you buy property, there is a possibility that the property value will fluctuate. Typically over time property values increase and buying a home is generally considered to be a good investment.

Moving Costs: Budget for a professional mover, decorating costs and fees for setting up your cable, internet and telephone and other utilities.

Ongoing Costs: Don’t forget to budget for the cost of maintaining a home, such as heating electricity and water, repairs and taxes. A good suggestion is to budget at least 1% of the homes value for yearly maintenance expenses.

Contact Betty Bartusevicius if you have any further questions at 905 828 3434 or directly at 416 427 1875
Re/Max Realty Specialists Inc., Brokerage

Contact me by email; http://www.bettybart.com/AgentProfile/contactme.cfm

I can help you save time and money by shopping smarter;http://www.bettybart.com/createnewclientuserid/whyregister.cfm

There is no time like the present to begin your investigations into a property purchase or salethat will lead to sound decision making.

Experience is not expensive; it is Priceless.