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MaxWell Real Estate Blog

Happy Thanksgiving!

The first official, annual Thanksgiving in Canada was celebrated on 6 November 1879, though Indigenous peoples in Canada have a history of celebrating the fall harvest that predates the arrival of European settlers. 

The celebration featuring the uniquely North American turkey, squash and pumpkin was introduced to Nova Scotia in the 1750s and became common across Canada by the 1870s. In 1957, Thanksgiving was proclaimed an annual event to occur on the second Monday of October. It is an official statutory holiday in all provinces and territories except Prince Edward Island, New Brunswick and Nova Scotia.

TaraKennedy_HappyThanksgiving

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 Buying a Recreational Property

Spending time at a cottage or recreational property can be a great idea. Not only do you have the conveniences of home, but you feel you are on a vacation whenever you need to get away.

However, there are a few things to consider when looking to purchase a recreational property.

  • Can you financially afford a second property? Ensure that you have a solid plan in place, and know where the down payment will be coming from. 
  • How will you make the monthly mortgage payments? Will the monthly payments leave you house poor, or will you be able to save enough for repairs, maintenance, and enjoying life? 
  • Keep in mind that CMHC will not allow anyone to take advantage of their program when buying a second
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CHIP Open Is A Mortgage Designed Specifically For Clients With Short-Term Financing Needs.

 

I am able to offer your buyers a CHIP Open – a flexible Mortgage solution. CHIP Open will provide Canadians 55+ with a short-term Mortgage giving them flexibility to repay 100% of the balance at any time, without prepayment penalties.

What is CHIP Open?
CHIP Open is a Mortgage designed specifically for clients with short-term financing needs, such as bridge financing, or completing a large renovation in preparation to sell, and it offers the ability to repay in full without penalty. CHIP Open allows your clients to access up to 55% of the equity in their home in tax-free funds, and they are never required to make a payment until they decide to repay the…
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Autumn Equinox - September 22, 2020

Tuesday’s equinox will happen at 9:30 a.m. Eastern time, when the sun crosses the equator, heading south. It is one of two that happen every year, on the first days of spring and fall.

On the equinoxes, hours of daylight and darkness are nearly (but not exactly) equal. They are the midpoints between the solstices, which happen on the first days of winter and summer – when daylight hours are at their minimum and maximum respectively.

The days will continue to get shorter until the 2020 winter solstice on Dec. 21, which is also the first day of winter.

 

Farmer's Almanac for Autumn 2020

Our Long Range Weather Forecasts are based on three scientific disciplines: ~ solar science (the study of…
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Home Inspections: What to Know and Why You Need One

As a buyer, home inspections are an important part of the buying process. It is not mandatory to have one, but it is in your best interest that you know exactly what you are getting from a professional level. Home inspections can cost a few hundred dollars, but it will be the best money you will spend.


The last thing you want is to be a home owner that has issues occurring a month or so down the road that could have been prevented or brought to your attention prior to purchasing the home.


A home inspector is your ally as they will go into the house and look for things you are not aware of. Inspectors are well- versed in what regulations and standards exist in your city or town, and are keen

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Labour Day in Canada

Labour Day is a statutory national holiday celebrated throughout Canada on the first Monday in September. The September date has remained unchanged, even though the government has been encouraged to adopt May 1st as Labour Day, the date celebrated by the majority of the rest of the world. Moving the holiday, in addition to breaking with tradition, could have been viewed as aligning the Canadian labour movements with internationalist sympathies. Another major reason for keeping the current September date is that the United States celebrates its Labor Day on the same day. History of Canadian Labour Day The origins of Labour Day in Canada can be traced back to a printer's revolt in…
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