Forum Replies Created

Viewing 15 posts - 16 through 30 (of 124 total)
  • Author
    Posts
  • in reply to: First Time Homebuyer Incentive Starting Sep 2, 2019 #6954
    Navtaj Chandhoke
    Keymaster

    First-Time Home Buyer Incentive

    The First-Time Home Buyer Incentive

    helps qualified first-time home buyers

    reduce their monthly mortgage carrying

    costs without adding to their financial

    burdens.The First-Time Home Buyer Incentive

    launches September 2,2019*.

    Contact the First-Time Home Buyer Incentive

    information line at

    1-877-884-2642.

    * The program will be ready to receive

    Incentive applications on September 2,

    2019 The first closing will take effect

    on November 1, 2019.

    To your success!

    http://www.Flipping4Profit.ca

    http://www.preigCanada.com

    1-416-409-7300 call/text

    PS: Massive Opportunity to network with fellow Toronto Real Estate Investors every month.

    You learn what others need, where their strengths and weaknesses are,

    and how best to help them. In return, the income, benefit, and opportunities come back tenfold.

    Join us at

    http://www.preigCanada.com

    in reply to: Sep 5, 2019 Ontario tax sale properties Chatham, #4446
    Navtaj Chandhoke
    Keymaster

    Sale of Land for Tax Arrears by Public Tender

    The Corporation of the Municipality of Chatham-Kent

    municipal act, 2001

    sale of land by public tender

    take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on September 5th, 2019.

    Description of Land(s) and Minimum Tender Amount:

    Roll # 3650-010-001-60800 Lt 27, Pl 441; romney. Being 888 Hiawatha Beach, (Wheatley). P.I.N. 00839 0067 (LT).

    Assessment: RTP 18,300

    Minimum Tender Amount:

    $7,039.94

    Roll # 3650-060-004-12700 Pt Lt 10, con 13 Geographic Township Of Tilbury East, Being Part 1, 24R7332; Chatham-Kent. Being 4433 Glenwood Line, (Merlin). P.I.N. 00824 0045 (LT).

    Assessment: RTP 25,500

    Minimum Tender Amount:

    $8,758.21

    Roll # 3650-080-001-61950 Pt Lt 12, Plan 191 As In TI201 Except 168359; Tilbury. Being Queen St N, (Tilbury). P.I.N. 00809 0038 (LT). Assessment: RTP 1,700

    Minimum Tender Amount:

    $5,861.04

    Roll # 3650-110-002-07800 Pt Lt 13, Con 1 (Front) (Raleigh) As In 372329 Raleigh; Subject To Execution 89-1163, If Enforceable; Subject To Execution 92-0800, If Enforceable. Being 23309 Dillon Rd, (Chatham). P.I.N. 00884 0015 (LT). Assessment: RTP 16,785

    Minimum Tender Amount:

    $22,276.78

    Roll # 3650-140-006-52100 Pt Goal & Courthouse Reserve, Plan 109 As In 497467 Harwich. Being 21 William St, (Blenheim).

    P.I.N. 00939 0090 (LT). Assessment: RTP 24,175

    Minimum Tender Amount:

    $7,575.48

    Roll # 3650-140-006-52200 Pt Goal & Courthouse Reserve, Plan 109 As In 243785 Harwich. Being 25 William St, (Blenheim).

    P.I.N. 00939 0091 (LT). Assessment: RTP 26,722

    Minimum Tender Amount:

    $23,886.68

    Roll # 3650-140-006-66500 Lot 18, N Adelaide St, Plan 109; Municipality of Chatham-Kent. Being 75 Adelaide St, (Blenheim). P.I.N. 00939 0781 (LT). Assessment: RTP 22,500

    Minimum Tender Amount:

    $14,240.74

    Roll # 3650-210-003-44501 Pt Lt 13 Con 11 Howard Pt 1, 24R4869; Chatham-Kent. Being 13173 Green Line, (Ridgetown).

    P.I.N. 00690 0040 (LT). Assessment: RTP 132,750

    Minimum Tender Amount:

    $16,937.08

    Roll # 3650-240-002-49622 Lt 26 Pl 815 Except 478201; Chatham-Kent. Being Kyle Dr, (Ridgetown). P.I.N. 00693 0082 (LT).

    Assessment: RTP 1,700

    Minimum Tender Amount:

    $11,766.52

    Roll # 3650-260-005-19901 Lt 49 Pl 170; Chatham-Kent. Being Argyle St, (Duart). P.I.N. 00666 0052 (LT). Assessment: RTP 25,000

    Minimum Tender Amount:

    $7,188.83

    Roll # 3650-390-001-03200 Lt 43-44 Pl 138; S/T 301302; Chatham-Kent. Being Walnut St, (Dresden).

    P.I.N. 00598 0213 (LT). Assessment: RTP 8,450

    Minimum Tender Amount:

    $6,919.75

    Roll # 3650-390-002-16600 Pt of Lt 2, Block F, Pl 128 As In 585948; Municipality Chatham-Kent. Being 376 Centre St, (Dresden).

    P.I.N. 00602 0155 (LT). Assessment: RTP 78,000

    Minimum Tender Amount:

    $14,019.46

    Roll # 3650-420-002-03100 Pt Lt 31 Blk M Pl Old Survey As In 534018; S/T Debts In 534018; S/T Execution 92-0000649, If Enforceable; Chatham-Kent. Being 162 Colborne St, (Chatham).

    P.I.N. 00503 0030 (LT). Assessment: RTP 7,900

    Minimum Tender Amount:

    $28,954.96

    Roll # 3650-420-050-15800 Pt Lt 16 Blk U Pl 4 As In 631272; Chatham-Kent. Being 203 Grand Ave E, (Chatham).

    P.I.N. 00547 0246 (LT).

    Assessment: RTP 22,500

    Minimum Tender Amount:

    $11,497.51

    Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

    Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

    This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

    The municipality has no obligation to provide vacant possession to the successful purchaser.

    For further information regarding this sale and a copy of the prescribed form of tender contact:

    Amy McLellan,

    Manager Revenue

    – or –

    Steven Brown,

    Deputy Treasurer

    Municipality of Chatham-Kent

    315 King Street West,

    P O Box 640,

    Chatham, Ontario N7M 5K8

    in reply to: Sep 5, 2019 Ontario tax sale properties Chatham, #6955
    Navtaj Chandhoke
    Keymaster

    Sale of Land for Tax Arrears by Public Tender

    The Corporation of the Municipality of Chatham-Kent

    municipal act, 2001

    sale of land by public tender

    take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on September 5th, 2019.

    Description of Land(s) and Minimum Tender Amount:

    Roll # 3650-010-001-60800 Lt 27, Pl 441; romney. Being 888 Hiawatha Beach, (Wheatley). P.I.N. 00839 0067 (LT).

    Assessment: RTP 18,300

    Minimum Tender Amount:

    $7,039.94

    Roll # 3650-060-004-12700 Pt Lt 10, con 13 Geographic Township Of Tilbury East, Being Part 1, 24R7332; Chatham-Kent. Being 4433 Glenwood Line, (Merlin). P.I.N. 00824 0045 (LT).

    Assessment: RTP 25,500

    Minimum Tender Amount:

    $8,758.21

    Roll # 3650-080-001-61950 Pt Lt 12, Plan 191 As In TI201 Except 168359; Tilbury. Being Queen St N, (Tilbury). P.I.N. 00809 0038 (LT). Assessment: RTP 1,700

    Minimum Tender Amount:

    $5,861.04

    Roll # 3650-110-002-07800 Pt Lt 13, Con 1 (Front) (Raleigh) As In 372329 Raleigh; Subject To Execution 89-1163, If Enforceable; Subject To Execution 92-0800, If Enforceable. Being 23309 Dillon Rd, (Chatham). P.I.N. 00884 0015 (LT). Assessment: RTP 16,785

    Minimum Tender Amount:

    $22,276.78

    Roll # 3650-140-006-52100 Pt Goal & Courthouse Reserve, Plan 109 As In 497467 Harwich. Being 21 William St, (Blenheim).

    P.I.N. 00939 0090 (LT). Assessment: RTP 24,175

    Minimum Tender Amount:

    $7,575.48

    Roll # 3650-140-006-52200 Pt Goal & Courthouse Reserve, Plan 109 As In 243785 Harwich. Being 25 William St, (Blenheim).

    P.I.N. 00939 0091 (LT). Assessment: RTP 26,722

    Minimum Tender Amount:

    $23,886.68

    Roll # 3650-140-006-66500 Lot 18, N Adelaide St, Plan 109; Municipality of Chatham-Kent. Being 75 Adelaide St, (Blenheim). P.I.N. 00939 0781 (LT). Assessment: RTP 22,500

    Minimum Tender Amount:

    $14,240.74

    Roll # 3650-210-003-44501 Pt Lt 13 Con 11 Howard Pt 1, 24R4869; Chatham-Kent. Being 13173 Green Line, (Ridgetown).

    P.I.N. 00690 0040 (LT). Assessment: RTP 132,750

    Minimum Tender Amount:

    $16,937.08

    Roll # 3650-240-002-49622 Lt 26 Pl 815 Except 478201; Chatham-Kent. Being Kyle Dr, (Ridgetown). P.I.N. 00693 0082 (LT).

    Assessment: RTP 1,700

    Minimum Tender Amount:

    $11,766.52

    Roll # 3650-260-005-19901 Lt 49 Pl 170; Chatham-Kent. Being Argyle St, (Duart). P.I.N. 00666 0052 (LT). Assessment: RTP 25,000

    Minimum Tender Amount:

    $7,188.83

    Roll # 3650-390-001-03200 Lt 43-44 Pl 138; S/T 301302; Chatham-Kent. Being Walnut St, (Dresden).

    P.I.N. 00598 0213 (LT). Assessment: RTP 8,450

    Minimum Tender Amount:

    $6,919.75

    Roll # 3650-390-002-16600 Pt of Lt 2, Block F, Pl 128 As In 585948; Municipality Chatham-Kent. Being 376 Centre St, (Dresden).

    P.I.N. 00602 0155 (LT). Assessment: RTP 78,000

    Minimum Tender Amount:

    $14,019.46

    Roll # 3650-420-002-03100 Pt Lt 31 Blk M Pl Old Survey As In 534018; S/T Debts In 534018; S/T Execution 92-0000649, If Enforceable; Chatham-Kent. Being 162 Colborne St, (Chatham).

    P.I.N. 00503 0030 (LT). Assessment: RTP 7,900

    Minimum Tender Amount:

    $28,954.96

    Roll # 3650-420-050-15800 Pt Lt 16 Blk U Pl 4 As In 631272; Chatham-Kent. Being 203 Grand Ave E, (Chatham).

    P.I.N. 00547 0246 (LT).

    Assessment: RTP 22,500

    Minimum Tender Amount:

    $11,497.51

    Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

    Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

    This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

    The municipality has no obligation to provide vacant possession to the successful purchaser.

    For further information regarding this sale and a copy of the prescribed form of tender contact:

    Amy McLellan,

    Manager Revenue

    – or –

    Steven Brown,

    Deputy Treasurer

    Municipality of Chatham-Kent

    315 King Street West,

    P O Box 640,

    Chatham, Ontario N7M 5K8

    in reply to: Forgivable Grants for Lambton Home Repairs #4440
    Navtaj Chandhoke
    Keymaster

    County of Lambton Renovates Program 2018

    The County of Lambton is now accepting 2018 applications for funding through the Lambton Renovates Program.

    The Lambton Renovates program offers financial assistance to eligible households as follows:

    One-time assistance in the form of a 10-year forgivable loan, secured by registration on title, for home repairs to a maximum of $20,000 per household.

    One-time assistance in the form of a grant, which does not require repayment, for accessibility improvements to a maximum of $5,000 per household.

    Who is eligible for County of Lambton Renovates Program 2018?

    Households who meet the following sample criteria: (For a complete list of eligibility criteria, please see the Lambton Renovates Information Sheet above).

    Total household income and assets complies with the income and asset criteria as listed in the Information Sheet.

    Own of a home in Lambton County that is your sole and principal residence with a maximum market value of $215,000.

    All property taxes and mortgage payments must be up to date and insurance coverage in place for the full value of the home.

    Your home must be in need of repair, energy and/or accessibility upgrades.

    What types of repairs can be done?

    Eligible repairs under the Lambton Renovates Program may include major repairs and rehabilitation required to make your home safe while improving energy efficiency. Examples include but are not limited to:

    Heating systems

    Foundations

    Roofs, vents, louvers

    Electrical systems

    Plumbing, toilet replacement, water heaters

    Septic systems and well water, well drilling

    How to apply for County of Lambton Renovates Program 2018?

    Applications and additional information are available by contacting County of Lambton, Housing Services Department during regular business hours Monday to Friday from 8:30 AM to 4:30 PM.

    Contact:

    Mackenzie Kada, Project Coordinator

    County of Lambton – Housing Services Department

    Telephone: 519-344-2062 ext. 2165

    Fax: 519-344-2066

    Email: mackenzie.kada@county-lambton.on.ca

    in reply to: Forgivable Grants for Lambton Home Repairs #6949
    Navtaj Chandhoke
    Keymaster

    County of Lambton Renovates Program 2018

    The County of Lambton is now accepting 2018 applications for funding through the Lambton Renovates Program.

    The Lambton Renovates program offers financial assistance to eligible households as follows:

    One-time assistance in the form of a 10-year forgivable loan, secured by registration on title, for home repairs to a maximum of $20,000 per household.

    One-time assistance in the form of a grant, which does not require repayment, for accessibility improvements to a maximum of $5,000 per household.

    Who is eligible for County of Lambton Renovates Program 2018?

    Households who meet the following sample criteria: (For a complete list of eligibility criteria, please see the Lambton Renovates Information Sheet above).

    Total household income and assets complies with the income and asset criteria as listed in the Information Sheet.

    Own of a home in Lambton County that is your sole and principal residence with a maximum market value of $215,000.

    All property taxes and mortgage payments must be up to date and insurance coverage in place for the full value of the home.

    Your home must be in need of repair, energy and/or accessibility upgrades.

    What types of repairs can be done?

    Eligible repairs under the Lambton Renovates Program may include major repairs and rehabilitation required to make your home safe while improving energy efficiency. Examples include but are not limited to:

    Heating systems

    Foundations

    Roofs, vents, louvers

    Electrical systems

    Plumbing, toilet replacement, water heaters

    Septic systems and well water, well drilling

    How to apply for County of Lambton Renovates Program 2018?

    Applications and additional information are available by contacting County of Lambton, Housing Services Department during regular business hours Monday to Friday from 8:30 AM to 4:30 PM.

    Contact:

    Mackenzie Kada, Project Coordinator

    County of Lambton – Housing Services Department

    Telephone: 519-344-2062 ext. 2165

    Fax: 519-344-2066

    Email: mackenzie.kada@county-lambton.on.ca

    in reply to: Forgivable Grants for Lambton Home Repairs #4439
    Navtaj Chandhoke
    Keymaster

    County of Lambton Home ownership Program 2018

    The County of Lambton is now accepting 2018 applications for funding through the Homeownership Down Payment Assistance program.

    The Homeownership Down Payment Assistance program offers financial assistance to eligible households living in rental accommodations with one-time assistance in the form of a 20-year forgivable loan, secured by registration on title, for a 10% down payment to be used towards the purchase of a new or resale home with a maximum purchase price of $215,000.

    Who is eligible for County of Lambton Home ownership Program 2018?

    Households who meet the following sample criteria: (For a complete list of eligibility criteria, please see the Homeownership Down Payment Assistance Information Sheet above).

    Total household income and assets complies with the income and asset criteria as listed in the Information Sheet.

    Applicants must be a renter, which is defined as a Tenant who has a rental agreement for a self-contained unit with a property owner who is not a relative;

    Applicants will use the purchased home as their sole and principal residence;

    Applicants qualify for a mortgage through a recognized financial institution. Applicants who require a co-signer and/or guarantor to qualify for a mortgage are not eligible for funding;

    How to apply for County of Lambton Home ownership Program 2018?

    Applications and additional information are available by contacting County of Lambton, Housing Services Department during regular business hours Monday to Friday from 8:30 AM to 4:30 PM.

    Contact:

    Mackenzie Kada, Project Coordinator

    County of Lambton – Housing Services Department

    Telephone: 519-344-2062 ext. 2165

    Fax: 519-344-2066

    Email: mackenzie.kada@county-lambton.on.ca

    in reply to: Forgivable Grants for Lambton Home Repairs #6948
    Navtaj Chandhoke
    Keymaster

    County of Lambton Home ownership Program 2018

    The County of Lambton is now accepting 2018 applications for funding through the Homeownership Down Payment Assistance program.

    The Homeownership Down Payment Assistance program offers financial assistance to eligible households living in rental accommodations with one-time assistance in the form of a 20-year forgivable loan, secured by registration on title, for a 10% down payment to be used towards the purchase of a new or resale home with a maximum purchase price of $215,000.

    Who is eligible for County of Lambton Home ownership Program 2018?

    Households who meet the following sample criteria: (For a complete list of eligibility criteria, please see the Homeownership Down Payment Assistance Information Sheet above).

    Total household income and assets complies with the income and asset criteria as listed in the Information Sheet.

    Applicants must be a renter, which is defined as a Tenant who has a rental agreement for a self-contained unit with a property owner who is not a relative;

    Applicants will use the purchased home as their sole and principal residence;

    Applicants qualify for a mortgage through a recognized financial institution. Applicants who require a co-signer and/or guarantor to qualify for a mortgage are not eligible for funding;

    How to apply for County of Lambton Home ownership Program 2018?

    Applications and additional information are available by contacting County of Lambton, Housing Services Department during regular business hours Monday to Friday from 8:30 AM to 4:30 PM.

    Contact:

    Mackenzie Kada, Project Coordinator

    County of Lambton – Housing Services Department

    Telephone: 519-344-2062 ext. 2165

    Fax: 519-344-2066

    Email: mackenzie.kada@county-lambton.on.ca

    in reply to: Jan 16, 2018 Ontario Tax Sale Properties West Lincoln #4441
    Navtaj Chandhoke
    Keymaster

    Building & Planning Contact Information

    Jan 16, 2018 Ontario Tax Sale Properties West Lincoln

    Name: Brian Treble

    Title :Director of Planning & Building

    Telephone : 905-957-3356 Ext. 5138

    Email: btreble@westlincoln.ca

    [img]http://www.flipping4profit.ca/wp-content/uploads/2017/07/TaxSale.jpg[/img]

    in reply to: Jan 16, 2018 Ontario Tax Sale Properties West Lincoln #6950
    Navtaj Chandhoke
    Keymaster

    Building & Planning Contact Information

    Jan 16, 2018 Ontario Tax Sale Properties West Lincoln

    Name: Brian Treble

    Title :Director of Planning & Building

    Telephone : 905-957-3356 Ext. 5138

    Email: btreble@westlincoln.ca

    [img]http://www.flipping4profit.ca/wp-content/uploads/2017/07/TaxSale.jpg[/img]

    in reply to: Forgivable loans up to $10,000 per room In Ottawa-Ontario #4417
    Navtaj Chandhoke
    Keymaster

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario

    [img]http://www.governmentgrantscanada.ca/wp-content/uploads/2013/07/c1-200×300.jpg[/img]

    Get a latest copy of

    Directory of Forgivable real estate grants,

    rebates and tax credits at

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Eligibility of applicants

    The rental property may be eligible for the program if it is:

    Located in the City of Ottawa;

    Modest unit relative to community norms in terms of floor space and amenities;

    Rent affordability based on the Average Market Rent (AMR) for Ottawa as established by the Canadian Mortgage and Housing Corporation’s Rental Market Report(link is external) (also see table below);

    Not at the same municipal address as the landlord’s residence;

    A building or unit that require essential repairs and/or energy efficiency upgrades;

    A single unit or multi-unit building that requires modifications to increase accessibility and accommodate tenants who are seniors and/or persons with disability;

    CMHC Rental Market Report for Ottawa – Fall 2016

    Bachelor $812.00

    One bedroom unit $982.00

    Two bedroom unit $1,204.00

    Three bedroom unit $1,417.00

    Eligibility of accessibility modifications

    Examples of acceptable accessibility modifications include, but are not limited to:

    Ramps

    Handrails

    Chair and bath lifts

    Countertops height adjustments

    Cues for doorbells and fire alarms

    Scope of funding

    Forgivable loans up to ten thousand dollars ($10,000)

    per rental unit up to a maximum of $100,000 per property;

    Total loan is dependent on how many rental units are in the rental building and the scope of repairs approved by the Housing Services Branch;

    The loan will be totally forgiven if rent levels are maintained for the full 15 years;

    1/15 (6.67%) of the total loan will be forgiven each year;

    Eligible landlords can only receive one loan per unit under this program

    A second mortgage must be registered on the approved property for all forgivable loans exceeding $25,000

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Duration of program

    Housing Services will accept applications until all funds are spent, or until March 31st, 2018, whichever comes first.

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Ineligible projects

    The following projects are not eligible for Ontario Renovates funding:

    Retirement Homes, Long-Term Care Homes (including nursing homes), and crisis care facilities

    Units not subject to the Residential Tenancies Act, 2006 (except shelters and transitional housing that house victims of domestic violence)

    Units for which the homeowner received Homeownership component funding under the AHP or IAH

    Social Housing units as defined under the Housing Services Act, 2011

    Timelines

    Once Housing Services has received the application, the applicant will be contacted by letter declaring eligibility or non-eligibility. Applicants will also be notified if documents are missing.

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Release of funds

    Funding will be committed to an approved rental property owner upon signing a Funding Agreement document with Housing Services outlining the total amount funded and the terms and conditions attached to the use and release of funds.

    Please note that any modifications carried out before the loan is approved in writing are not eligible and will not be reimbursed.

    Use of funds

    Reporting and follow-up

    Housing Services will follow up with you on an annual basis for your rent roll for the funded unit(s) to ensure the units remain affordable. If you sell or increase the within 15 years of receiving a forgivable loan, you will be required to pay all or a portion of the loan back to the City.

    How to apply for Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario

    Contact the phone number or email listed below to request an application package be mailed to you

    All applications with necessary documents must be mailed or delivered to:

    City of Ottawa

    Housing Services branch

    Ontario Renovates program

    100 Constellation Drive, 8thFloor West

    Ottawa, ON, K2G 6J8

    Inquiries

    For more information about the Ontario Renovates program,

    please call our information line at 613-580-2424 ext 12300 or

    email Ontariorenovates@ottawa.ca

    DISCLAIMER

    We believe the information contained in this

    article to be accurate.It is presented with the

    understanding that we are not engaged in

    rendering legal,accounting, or investment advice.

    When professional assistance is required,

    utilize the services of a licensed real estate

    broker, lawyer, accountant,

    or other consultant as may be required.

    [img]http://www.flipping4profit.ca/wp-content/uploads/2016/03/FlippingFortune.jpg[/img]

    Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

    in reply to: Forgivable loans up to $10,000 per room In Ottawa-Ontario #6926
    Navtaj Chandhoke
    Keymaster

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario

    [img]http://www.governmentgrantscanada.ca/wp-content/uploads/2013/07/c1-200×300.jpg[/img]

    Get a latest copy of

    Directory of Forgivable real estate grants,

    rebates and tax credits at

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Eligibility of applicants

    The rental property may be eligible for the program if it is:

    Located in the City of Ottawa;

    Modest unit relative to community norms in terms of floor space and amenities;

    Rent affordability based on the Average Market Rent (AMR) for Ottawa as established by the Canadian Mortgage and Housing Corporation’s Rental Market Report(link is external) (also see table below);

    Not at the same municipal address as the landlord’s residence;

    A building or unit that require essential repairs and/or energy efficiency upgrades;

    A single unit or multi-unit building that requires modifications to increase accessibility and accommodate tenants who are seniors and/or persons with disability;

    CMHC Rental Market Report for Ottawa – Fall 2016

    Bachelor $812.00

    One bedroom unit $982.00

    Two bedroom unit $1,204.00

    Three bedroom unit $1,417.00

    Eligibility of accessibility modifications

    Examples of acceptable accessibility modifications include, but are not limited to:

    Ramps

    Handrails

    Chair and bath lifts

    Countertops height adjustments

    Cues for doorbells and fire alarms

    Scope of funding

    Forgivable loans up to ten thousand dollars ($10,000)

    per rental unit up to a maximum of $100,000 per property;

    Total loan is dependent on how many rental units are in the rental building and the scope of repairs approved by the Housing Services Branch;

    The loan will be totally forgiven if rent levels are maintained for the full 15 years;

    1/15 (6.67%) of the total loan will be forgiven each year;

    Eligible landlords can only receive one loan per unit under this program

    A second mortgage must be registered on the approved property for all forgivable loans exceeding $25,000

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Duration of program

    Housing Services will accept applications until all funds are spent, or until March 31st, 2018, whichever comes first.

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Ineligible projects

    The following projects are not eligible for Ontario Renovates funding:

    Retirement Homes, Long-Term Care Homes (including nursing homes), and crisis care facilities

    Units not subject to the Residential Tenancies Act, 2006 (except shelters and transitional housing that house victims of domestic violence)

    Units for which the homeowner received Homeownership component funding under the AHP or IAH

    Social Housing units as defined under the Housing Services Act, 2011

    Timelines

    Once Housing Services has received the application, the applicant will be contacted by letter declaring eligibility or non-eligibility. Applicants will also be notified if documents are missing.

    Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario Release of funds

    Funding will be committed to an approved rental property owner upon signing a Funding Agreement document with Housing Services outlining the total amount funded and the terms and conditions attached to the use and release of funds.

    Please note that any modifications carried out before the loan is approved in writing are not eligible and will not be reimbursed.

    Use of funds

    Reporting and follow-up

    Housing Services will follow up with you on an annual basis for your rent roll for the funded unit(s) to ensure the units remain affordable. If you sell or increase the within 15 years of receiving a forgivable loan, you will be required to pay all or a portion of the loan back to the City.

    How to apply for Forgivable loans up to $10,000 per rental unit In Ottawa-Ontario

    Contact the phone number or email listed below to request an application package be mailed to you

    All applications with necessary documents must be mailed or delivered to:

    City of Ottawa

    Housing Services branch

    Ontario Renovates program

    100 Constellation Drive, 8thFloor West

    Ottawa, ON, K2G 6J8

    Inquiries

    For more information about the Ontario Renovates program,

    please call our information line at 613-580-2424 ext 12300 or

    email Ontariorenovates@ottawa.ca

    DISCLAIMER

    We believe the information contained in this

    article to be accurate.It is presented with the

    understanding that we are not engaged in

    rendering legal,accounting, or investment advice.

    When professional assistance is required,

    utilize the services of a licensed real estate

    broker, lawyer, accountant,

    or other consultant as may be required.

    [img]http://www.flipping4profit.ca/wp-content/uploads/2016/03/FlippingFortune.jpg[/img]

    Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

    Navtaj Chandhoke
    Keymaster

    Down Payment Assistance Program (DPAP) 2017

    The Down Payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for an insured mortgage to purchase their first home. Eligible participants can apply to receive an interest-free repayable loan of up to five per cent of the purchase price of a home.

    more info at

    https://housing.novascotia.ca/downpayment

    Purchase price: $200,000

    Primary mortgage: $190,000

    DPAP loan: $10,000

    CMHC premium: $8,550.

    Total amount owing: $208,550.

    Navtaj Chandhoke
    Keymaster

    Down Payment Assistance Program (DPAP) 2017

    The Down Payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for an insured mortgage to purchase their first home. Eligible participants can apply to receive an interest-free repayable loan of up to five per cent of the purchase price of a home.

    more info at

    https://housing.novascotia.ca/downpayment

    Purchase price: $200,000

    Primary mortgage: $190,000

    DPAP loan: $10,000

    CMHC premium: $8,550.

    Total amount owing: $208,550.

    in reply to: Mar 9,,2017 Ontario Tax Sale properties Oil Springs #4433
    Navtaj Chandhoke
    Keymaster

    Mar 9,,2017 Ontario Tax Sale properties Oil Springs RESULTS

    Tax Sale Date: Mar 09,2017

    Sale Properties:

    2.42 Acres (Vacant Land)

    Minimum Tender Amount: $4,110.65

    3 tenders, sold for $6,800.00

    2.99 Acres (Vacant Land)

    Minimum Tender Amount: $4,341.19

    3 tenders, sold for $7,800.00

    2.99 Acres (Vacant Land)

    Minimum Tender Amount: $4,580.49

    3 tenders, sold for $8,800.00

    13.89 Acres (Vacant Land)

    Minimum Tender Amount: $8,667.91

    4 tenders, sold for $34,101.00

    in reply to: Mar 9,,2017 Ontario Tax Sale properties Oil Springs #6942
    Navtaj Chandhoke
    Keymaster

    Mar 9,,2017 Ontario Tax Sale properties Oil Springs RESULTS

    Tax Sale Date: Mar 09,2017

    Sale Properties:

    2.42 Acres (Vacant Land)

    Minimum Tender Amount: $4,110.65

    3 tenders, sold for $6,800.00

    2.99 Acres (Vacant Land)

    Minimum Tender Amount: $4,341.19

    3 tenders, sold for $7,800.00

    2.99 Acres (Vacant Land)

    Minimum Tender Amount: $4,580.49

    3 tenders, sold for $8,800.00

    13.89 Acres (Vacant Land)

    Minimum Tender Amount: $8,667.91

    4 tenders, sold for $34,101.00

Viewing 15 posts - 16 through 30 (of 124 total)