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Oakville Real Estate - Leaf Legends Coming to Town

A couple of the hockey legends that will be coming to town this week to celebrate ‘Entertainment Central’s first anniversary are former Toronto Maple Leaf greats Wendel Clark and Jonny Bower. Entertainment Central is celebrating its first anniversary in the Oakville Real Estate market and has invited some big name former NHL stars to an open house event on Wednesday, April 20. The event will include free food and drink samplers, plus live entertainment and some giveaways. Read more...

Oakville Real Estate - C'est Cheese & Meats

“I like good food, and I know what good food is,“ Chef Oleg Popov of C’est Cheese & Meats said on a quiet Wednesday afternoon. Popov has been running his own butcher shop alongside his wife at the Upper Oakville Shopping Centre for the last five years. Popov runs this butcher shop, but also happens to be Certified Chef de Cuisine, which is the highest professional culinary recognition in Canada. He’s charming, as is his butcher shop. He runs every aspect of his shop, from ordering his foods, to washing dishes and floors at the end of each day. The door opens and a bell rings as a customer walks into his store. As he serves a sandwich to one of his regular customers, he was asked whether he is a professional chef, or butcher. That question he claims is unfair. Read more...

Oakville Real Estate Mortgage Report

Whether you are buying your first home, moving from one home to another, or just re-financing your current mortgage, knowing the current best mortgage rates avalable can save you thousands of dollars over the term of your mortgage. As an 'Oakville Real Estate Agent', I always recommend that my clients talk to my mortgage specialist, or, go into their own bank knowing what the best available rates are. Most major banks will negotiate on the rates that they are offering, and will often come right down the the best available rate, if you are knowledgable, quote the best rate, and ask them to match it. For example, if you were in the 'Oakville Real Estate' market for a home with a purchase price Read more...

GO Transit Welcomes Back Niagara Falls Rail Service

GO Transit will be once again offering weekend rail service between Toronto and Niagara Falls beginning on Victoria Day weekend. Weekend train trips will run Fridays, Saturdays and Sundays, and are great for those in the Oakville Real Estate area looking to get away for the day. "We are pleased to be able to restore our weekend rail service between Toronto and Niagara Falls," said GO Transit President, Gary McNeil. "Passengers rely on our rail service to provide a fast, convenient and cost effective travel option for their summer weekend getaways. We know that we will also attract new passengers who want to explore the beautiful Niagara Region." Read more...

Prime Rate - What is the Prime Rate?

The Prime Lending Rate in Canada is a guideline interest rate charged by banks on loans for their most creditworthy or “best” clients. The actual minimum rate, however, may differ slightly from lender to lender. Banks and lenders in Canada do follow the prime rate in order to remain competitive, but at the same time they may add their own monetary spread to the prime rate. For example, when the prime lending rates were high, many lenders in Canada were offering variable rates at prime minus .90 per cent. If the prime rate is low, lenders could potentially offer variable rates at prime plus a percent. This model of prime rate tracking allows lenders to remain highly competitive while still adhering to the fluctuating interest rate of prime. Read more...

Downtown Oakville Runway Show!

On May 7th, the Oakville Real Estate market will become fashion central. The spokesperson for fashion in Canada is, without a doubt, Jeanne Beker. As the longtime host of Fashion Television, Jeanne has the inside scoop directly from the runways of the hottest fashion shows around the world, as well as access to all of the most famous, sought-after designers. She is also a noted author; a judge on CTV’s Canada’s Next Top Model and has recently launched her own divine line of clothing. No one knows fashion better than Jeanne Beker, and there’s certainly no one better to host this year’s Downtown Oakville Mercedes-Benz Runway Show! Read more...

Downtown Oakville open for business Canada Day!

Oakville’s downtown core has been declared a “tourist destination” by the Region of Halton and Town of Oakville. “This is fantastic news for downtown Oakville!” Says Joseph Diodati, Chair of the Downtown Oakville BIA. The mandate of the Downtown Oakville BIA is to promote and enhance the downtown area and make improvements to municipally owned properties. With that mandate comes over $900,000.00 in investment from the BIA members which goes into the promotion and enhancement of the downtown area. Approximately $750,000 is through the BIA Levy – an additional tax above the commercial tax levy and the rest comes from corporate sponsorship, donations, revenue generation and grants. “This little gem called downtown Oakville is dynamic, its’ cultured and most importantly progressive” Says Marcia Small, Downtown Oakville Board member and business owner who was instrumental in this exemption. Read more...

Oakville Real Estate - 5th annual Easter Egg Hunt

The 5th annual Castlebrook-Millrun Easter egg hunt was another success this year. The event that took place in one of the Oakville Real Estate markets popular West Oak Trails neighbourhoods. This is just one of the annual events that that you will see in many of the great neighbourhoods throughout Oakville Real Estate area. The Easter egg hunt was organized by friends and neighbours for all the children living in the area. Participating families hide treats for the kids all around their homes and in their front yards. The organizers also provide Tim Hortons Coffee and assorted snacks for the adults to enjoy while the kids are having fun. Read more...

Oakville Real Estate – Leader in Trenchless Technology Construction

The Halton Region was recognized for its commitment to trenchless technology on construction projects this week. During its 20th anniversary, the North American Society for Trenchless Technology (NASTT) recognized Halton Region for its significant contribution and education to trenchless technology, which refers to construction methods that repair, replace or install buried pipes and structures without any, or minimal, excavation. This has had an impact on the Oakville Real Estate market by keeping the road delays to a minimum while development continues to the Northern Oakville Real Estate area. Read more...

Interest Rate Hike Moves to Back Burner

The Bank of Canada is almost certain to wait until the latter half of this year to raise interest rates, now that an election is in the offing. Many economists were already predicting that rate hikes would be on hold until the summer and the spectre of a federal campaign is now cementing that view. History shows that the central bank is usually reluctant to increase rates during an election, due to uncertainty about the direction of the government’s economic policies and the possibility that the move could be seen as partisan. Read more...

Oakville Real Estate – $11M spent on creek clean up

NORTH OAKVILLE TODAY - It’s been just over a year since an unknown substance was found floating down Bronte Creek and it was discovered that a nearby petroleum pipeline had cracked. Over the past 12 months, a massive clean-up effort has been undertaken at the scene near Bronte Road and Speers Road to try to restore the sensitive environmental area. On March 11, 2010, Town of Oakville staff responded to reports of a sheen on the surface of Bronte Creek and five days later, it was discovered that the source of the material was a cracked pipeline owned by Trans-Northern Pipelines Inc. At the time it was estimated that 90,000 litres of petroleum product escaped into the environment. Since then, the pipeline has been replaced, a massive excavation has taken place and groundwater has been treated and returned back to the creek. Read more...

Oakville Real Estate and GTA Market Watch

The tight market has resulted in strong price growth in April. Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year's record result, April 2011 sales were in line with the average April sales level reported over the previous five years. Oakville Real Estate agents reported 319 Oakville homes sold in April, which was down from the 392 reported in April of 2010. The decline is attributed to the lack of suitable Oakville Homes for sale to meet the demand in the current market. Read more...

Oakville Real Estate - OREA explains the HST on youtube

The HST has been around for some time now, and most 'Oakville home' buyers are aware that the HST does not apply to resale home purchases, however, there is still a little confusion with some in the 'Oakville Real Estate' market about the HST. The Ontario Real Estate Association, in partnership with Ontario Revenue Minister Sophia Aggelonitis, have released a video to clarify the rules for those looking to purchase a home and to eliminate confusion around HST as it applies to resale and new home purchases. Read more...

Oakville Real Estate Market Watch

The tight supply of Oakville homes for sale last month helped lead to a stronger price increase than was expected in the Oakville Real estate market for the month of April. As the number of new listings dropped during the month of April, so too did resale housing sales, according to figures released by the Oakville, Milton and District Real Estate Board this week. New listings in the Milton and Oakville Real Estate areas declined from 1,764 in April 2010 to 1,558 last month, a drop of 11.6 percent year over year. Read more...

Oakville Real Estate - New French Catholic High School

The 'Oakville Real Estate' market will soon have a new French Catholic High School to offer to its residents. NORTH OAKVILLE TODAY - Bienvenue à la nouvelle école secondaire. Southern Ontario’s French Catholic school board, Conseil scolaire de district Catholique Centre-Sud (CSDCCS), announced Monday that they are planning to build a new high school in North Oakville. The board said they recently acquired a plot of land, at 2480 Dundas Street West, the proposed home of the school, located on the south side of the street to the east of Bronte Road. The property is located in the future development of “Millstone in the Park” by Fernbrook Homes, Menkes Developments. Read more...

Bank of Canada Maintains Overnight Rate at 1%

OTTAWA, March 1 /CNW/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is proceeding broadly in line with the Bank's projection in its January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing challenges associated with sovereign and bank balance sheets will limit the pace of the European recovery and are a significant source of uncertainty to the global outlook. Robust demand from emerging-market economies is driving the underlying strength in commodity prices, which could be further reinforced temporarily by supply shocks arising from recent geopolitical events. Read more...

Oakville Real Estate and GTA Market Watch

The Real Estate market has gotten off to a good start so far in 2011. Greater Toronto Realtors reported 4337 transactions through the Toronto MLS system in January 2011. “While off the record pace experienced a year ago, the GTA Resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” Said TREB President Bill Johnston. The average selling price for January 2011 sales was $427 037, representing an increase of four per cent compared to the average of $409 058 reported in January 2010. “The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” Said Jason Mercer, TREBS’s Senior Manager of Market Analysis. 'Oakville Real Estate agents' reported the sales of 96 'Oakville homes' in January Read more...

Oakville Real Estate and GTA Market Watch

We are officially in the midst of another strong spring market. The Toronto Real Estate Board released the March statistics today, and they showed that Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010. 'Oakville Real Estate Agents' reported 206 'Oakville Homes' sold during the same time. Read more...

Jack’s ‘miracle’ lemonade stand returns

Pennies spent at a child’s lemonade stand can go a long way — not just for eight-year-old Jack Yeilding, but lots of other children who need miracles. Saturday, May 28 will be the fifth edition of Jack’s Lemonade Stand. The fundraiser that began as a simple driveway lemonade stand run by Jack, an Oakville boy with intractable epilepsy, has raised more than $225,000 for Toronto’s Hospital for Sick Children. Even more amazing is the epilepsy that threatened Jack’s life was eliminated less than two years ago by brain surgery at the hospital. This year’s event promises to be as much fun as its predecessors with a special guest this year being a tiger. The fundraiser, in support of the Hospital for Sick Children, will run from 9 a.m. to 2 p.m. at Pine Glen Park on Third Line — rain or shine. Originally hosted at Jack’s home, the event has now moved to the park to accommodate all it has to offer. Read more...

Bank of Canada leaves Overnight Rate at 1%

OTTAWA, April 12 /CNW/ - The Bank of Canada announced this morning that it will be maintaining its target for the overnight rate at 1 per cent. The bank rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Since raising its overnight lending rate to one per cent in September, the bank has held steady for five consecutive policy decisions. The decision to keep the rate unchanged should benefit home buyers throughout the GTA and 'Oakville Real Estate' markets as mortgage rates should also remain low in the short term. The Prime Rate is currently at 3.0 per cent. You can always find the current mortgage rates, and some useful mortgage calculators, on the Mortgage Rates and Calculators page on this website. Read more...

Oakville Homes - Freehold Townhomes

There are a wide variety of both Freehold and Condo Townhomes available in the 'Oakville Real Estate Market'. Freehold Townhomes, or Attached/Row homes as they are also commonly referred to differ from Condo Townhomes in several ways, but the most important distinction comes down to the land that the home is situated on. A Condo Townhome will usually have an address such as ‘123 Any Street Unit 45’ and be situated within a complex on private property. The land that it is situated on, including the yard, driveway, and roads are owned collectively by all of the unit owners and are known as the ‘common elements’. Read more...