Author Archives: Team VanDinther

Recreational Property 2017 stat

2017 RE/MAX Recreational Property Report

RE/MAX released their annual Recreational Property Report for 2017, and here are 3 interesting facts:

  • 43% of Canadians would consider buying a cottage or some type of recreational property in the next 10 years.
  • 28% of Canadians with children under the age of 18 would consider selling their primary residence in order to help finance the dream recreational property.
  • 56% of Canadians spend time at a cottage to find peace and quiet.

There is also a trend for people to consider fractional ownership, by buying the recreational property with a friend, a family member or by renting out on websites like AirBnB.

A large number of recreational property buyers are young families with children and retirees, who are selling their homes and in turn buying cottages.

But they’re not the only group expressing interest in recreational property ownership. A Leger’s survey of Canadians, showed that 65% of millennials are planning to buy a cottage, cabin or ski chalet in the next 10 years. Some of them would consider this as an investment vehicle too.

Featured recreational property locations in Ontario are:

  • Thunder Bay
  • Manitoulin Island & The French River
  • Lake Huron
  • Georgian Bay
  • Lake Simcoe & Area
  • Muskoka & Haliburton
  • Peterborough & The Kawarthas
  • Rideau Lakes Region

See the full 2017 RE/MAX Recreational Property Report.

Burlington scored best mid-sized city in Canada – Fifth year in a row

July 4th 2017 was a proud day for all Burlington residents, and all those in the past and present working hard to make Burlington, a true gem of a city! According to MoneySense, Burlington is best mid-sized city in Canada and the second best city in Ontario to live in.

MoneySense uses their own methodology to establish a comprehensive data-driven snapshot of Canadian cities and towns, taking into account things like demographics, unemployment, income & wealth, affordability, taxation, mobility, crime, weather, health care, amenities, culture & community. This year was their 14th edition and they’ve included even more cities in the report, about 417 cities to be exact.

Burlington scored high with having low crime, great weather and high wealth and incomes. It is also considered a top place to retire and a welcoming place for new Canadians.

Here is a summary of their 2017 reports (looking at Ontario and how Burlington compares):

Burlington is 2nd best place to live in Ontario after Ottawa.

Burlington  is 4th best place to retire in Ontario, after Ottawa.

Burlington is 7th best place for weather in Ontario after Thorold.

Burlington is 14th best place for new Canadians in Ontario, after Ottawa.

Burlington is 20th best place to raise kids in Ontario, after Oakville.

Overall, Burlington scored well and is an awesome city to live, work and play in. The city has come a long way and it’s continuously improving and growing. There are new developments all around, infrastructure upgrades, social and cultural programs underway. It’s a thriving city that’s got something for everyone. Situated between Toronto and Niagara Falls, well connected to all the major highways, positioned by lake Ontario – Burlington real estate is a good choice.

Burlington Mayor, Rick Goldring commented on MoneySense 2017 best places to live in Canada report: “There are many moving parts that go into creating a city, from economic prosperity to cultural vibrancy, from preserving history to building healthy communities. This is an acknowledgement of all of the people, past and present, who have worked to make Burlington the great city it is today.”

For all your Burlington real estate needs, be it buying or selling a home, contact Lori VanDinther and the team to help you make the right moves.

What Should I Do Before/After My Closing Day?

When buying or selling a home, the Closing day can be intimidating – so much to do! Here’s a quick checklist for Buyers and Sellers to help take the stress away and make your moving day a GOOD DAY!

Closing Day Tips

If you are selling a home, make sure to do the following:

  • Call the Municipality to cancel your automatic monthly property tax and provide your real estate lawyer with your tax statement.
  • Call the Utility companies to advise of your move and to cancel your accounts and stop automatic debits from your bank account. The meters will be read on your closing day.
  • Call your telephone, cable etc., providers to advise of your move.
  • Call your home insurance provider (you must maintain insurance through your closing day).
  • If you are selling a condominium, call your property management company to cancel the automatic withdrawals of your monthly common element fees/condo fees.

If you are buying a home, make sure to do the following:

  • Instruct your mortgage lender/bank to send your mortgage instructions to your real estate lawyer’s office (We need your mortgage instructions 2 weeks prior to your closing date).
  • Call the Municipality after you move in to set up your automatic property tax withdrawals if you wish to be on monthly payments.
  • Call the Utility companies to advise of your move and to set up your accounts.
  • Call your telephone, cable, etc., providers to advise of your move.
  • Call your home insurance provider. We will need to have your “insurance binder” the day before your closing date.
  • If you are buying a condominium, call your property management company immediately after you move in to set up the automatic withdrawals for your monthly common element fees/condo fees.

If you are selling your home in Burlington, or moving to Burlington and looking to buy a home – contact Lori VanDinther and her team. As a long time residents of Burlington, they are well familiar with all the neighbourhoods, amenities and good locations to either get your first home, start/raise a family or happily retire.