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Marg McCarthy
Broker of Record

Marg McCarthy Professional Real Estate Services

office:519-925-6948
toll free:800-563-0946
cell:519-216-1756
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Best Fixed - 1 year
3.19%
Best Fixed - 5 year
3.29%
Best Variable - 1 year
3.59%
Best Variable - 5 year
2.65%

 

IS A HOME A GOOD INVESTMENT?

 

For those wanting a steady return on their money, houses can be a sure bet. When the baby boomers started madly buying houses in the 1980s, suddenly real estate seemed like the path to instant wealth. The real estate markets fluctuate constantly. There have been times when house prices have gone down. However if you look at the overall price of homes in your area over the last 10 years, in most cases, (depending on your region) prices have risen.
 
Where is the housing market headed? Nobody can accurately predict. But even if house prices don't rise phenomenally, a home has two strong things going for it as an investment. First, any capital gains on your principal residence are tax-free. If your house appreciates by 6 per cent, you get to keep every cent of your gains.
 
Now 6 per cent may not sound like much, but in terms of how much you end up with, you'd have to earn as much as 12 per cent on a fixed-income investment such as a GIC to match that return, after tax.
 
Second, you don't have to come up with the full purchase price, meaning you're able to harness leverage. The conventional mortgages require a down payment of 25 per cent of a house's appraised value. Where as the High Ratio Mortgage, requires only 5% down payment.
 
For example, if you buy a $200,000 home, you need to come up with around $50,000 for a conventional mortgage. If the home's value rises to $220,000, that's an increase of 10 per cent. But what's really happened is you've put up $50,000, and made $20,000. Your real gross return on your invested funds is around 40 per cent. But notice the word “gross”. Don't forget that your real return will be less.
 
Buying a home and having a mortgage is also a tremendously powerful forced savings program.
 
 
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Shelburne Ontario Real Estate
Dufferin County's Quiet Rural Town

History of Shelburne Ontario

Shelburne, Ontario (2016 population 8,126) is a town in Dufferin County, Ontario, Canada, located at the intersection of Highway 10 and Highway 89. Shelburne is best known for the Annual Canadian Championship Fiddling Contest that is held each August.

In the early 1860s, the founder of the town Shelburne, William Jelly, found his way through the bushes to choice lot in Melancthon and built several cabins in the area.

As Melancthon began developing in the late 1840s, the construction of the Toronto-Sydenham Road (Now Highway 10) began and led to settlers moving into the Shelburne area in the 1860s. In 1865, William Jelly established the British Canadian Hotel. A post office was built shortly after, named after the Earl of Shelburne. Rapid economic growth followed and the population increased from 70 villagers in 1869 to 750 villagers in 1877, due to the new railways that were built. Shelburne was incorporated as a town in 1977.

Real Estate in Shelburne Ontario

One of the strongest attraction of Shelburne is pricing. Compared to the communities south of Shelburne you are still able to purchase a decent detached home as a first time buyer. The town of Shelburne is made up of young families to retirement living. Some of the attributes of Shelburne is the small town feeling to raise your family. Safe neighborhoods and parklands for everyone to enjoy.

Shelburne offers all types of real estate from traditional family detached homes to condos to your rural farm life. In town we find many heritage homes that have been updated and renovated to keep the allure of the original homes. Over the past 20 years we have seen growth in this community of newer neighborhoods, condos and townhouse developments. Currently we are seeing 2 newer developments are going up as we speak.

Price of Properties in Shelburne

Types of Properties   Price Range of Properties
Luxury Homes   $300,000 - $650,000
Detached Houses   $135,000 - $650,000
Rural Homes   $250,000 - $650,000
Semis   $170,000 - $225,000
Townhouses   $110,000 - $160,000
Condominiums   $150,000 - $180,000
Vacant Land   $30,000 - $500,000
Farms   $300,000 - 1.5 million
Hobby Farms   $250,000 over 1.5 million
Mobile   $15,000 - $110,000

For Listings in Shelburne and surrounding area  click here

Schools in the Shelburne Community

Type of School   Name of School   School Website   School Ranking
Secondary   Centre Dufferin DHS   site   rank
Catholic HS   Robert F Hall   site   rank
Elem./French   Centennial Hylands   site   rank
Elementary   Hyland Heights   site   rank
Elementary   Primrose   site   rank
Elementary   Glenbrook    site   rank
Catholic Elem.   St. Benedict   site   rank
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