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
Whether this is your first home or you’re an experienced buyer this infographic points to 10 Red Flags to watch for when considering a purchase.
According to the National Association of Realtors® (NAR) over 90% of home buyers use a Realtor® to find and purchase a home. On average, homes listed by a professional real estate sales person sell 19 days faster than those listed by owners and realize a 17% higher sale price. Here are 10 Great Reasons for using a realtor to buy or sell your home:
What is Peterborough Renovates Program (PFP)?
The Peterborough Renovates Program (PRP) is a home repair program. It helps low to moderate income homeowners afford home necessary repairs and upgrades. This can include energy and accessibility work.