Urea Formaldehyde Foam Insulation (UFFI) causes concern and confusion with both buyers and sellers and is potentially a serious liability issue if not properly acknowledged / disclosed during the course of selling a home in Ontario. I’ll attempt to provide you with the background information you need in order to better evaluate a property you may be considering for purchase or sale.
Peterborough Musicfest is a FREE summer concert series hosted Wednesday and Saturday evenings throughout the summer in Peterborough, Ontario. The open air concerts held at Del Crary park in downtown Peterborough offer a spectacular setting next to Little Lake. Attracting a mix of local and international performers the stage has in the past hosted: Serena Ryder, The Keifer Sutherland Band (yes that Keifer Sutherland), Blue Rodeo, Great Big Sea, Tegan and Sara, I Mother Earth and many more in its 31 year history. The 2017 festival kicks off July 1, 2017 (Canada Day) with a concert by Kim Mitchel. A full list of 2017 performances can be found below:
Looking for ways to make more money selling your home? The infographic below gives 10 Tips I provide my sellers with before listing.
The Peterborough Liftlock, built in 1904 is the highest hydraulic liftlock in the world. Part of the Trent Severn Waterway it is known as Lock 21. It’s dual lifts raise and lower boats 20m. It was designated a national historic site in 1979. A feat of engineering the lock requires no additional power to operate using gravity and counterweight to simultaneously raise and lower it’s two lifts. In the winter the canal at the foot of the lock has its water level lowered and in maintained as free public skating.
Buying land or an interest in land in Ontario requires you pay land transfer tax. First-time homebuyers may be eligible for a refund of all or part of this tax. To be eligible for the First-time Buyer Tax Credit you need to be 1) 18 years of age, 2) Cannot have owned a home or interest in a home anywhere in the world (this applies to your spouse as well). Essentially, if you qualify, no land transfer tax would be paid on the first $368,000 of a home purchase to a maximum refund of $4,000). You can find out additional information at: http://www.fin.gov.on.ca/en/bulletins/ltt/1_2008.html