Foreclosures in the US Real Estate Market?
Foreclosures in the US real estate market ? What is next and why ? Interesting article for you to read.
Notebook
Wonder what your property is worth?
You can get a complete profile of your property free of charge by visiting www.mpac.ca.
Go to AboutMyProperty and enter your user ID number and your password. These can be found on the bottom right hand corner of your Property Assessment Notice issued by MPAC. If you don;t have these details, call MPAC at 1-866-296-6722.
The report will provide a detailed breakdown of your assessed value and a complete property profile. Check it out!
Compare property taxes in 3 Niagara municipalities
Q: Which municipality has the lowest property taxes in 2011: Niagara-on-the-Lake, St. Catharines or Niagara Falls?
A: Niagara-on-the-Lake
Taxes for a $300,000 residential property in these communities are as follows:
St. Catharines: $4,510
Niagara Falls: $4,220
Niagara-on-the-Lake: $3,500
Niagara market will stay balanced, CMHC says
According to CMHC, the Niagara Region is currently in a balanced market and it’s expected to remain that way in 2012. A balanced market is defined as a market with stable prices, 40% to 55%
sales-to-new listing ratio and 30 to 60 days on the market.
Forecasts indicate an average price increase for 2011 of 1.5 % . An of approximately 1% is expected for 2012.
The largest migration to the Niagara Region from 2005 to 2009 is from Ontario residents. Most of these Niagara newcomers are pre-retirees with children and retirees making up the largest portion.
The result? Sales of homes of $400,000 or more were up nearly 20% from January to September 2011.