44/ DECEMBER 2017 THE RIDER REAL ESTATE:


“New Mortgage Changes Coming Jan 2018 and My Opinion on How Market will be Effected in 2018”


amount for which the home buyer/owner will be able to qualify. Previously, the home buyer/owner qualified at the contract rate offered by the lender. While the actual mortgage payment will still be paid at the contract rate, a higher calculation will be used for qualification purposes. What this means to the actual purchaser is if they are purchasing a home after the Jan 1st dead- line the price of home they will qualify for will be reduced. If they were to buy a home today before the change is implemented and they qualify for a mortgage of $500,000 at the actual bank rate the new mortgage change will mean they can only qualify as


now qualify using a new minimum qualify- ing rate. The rate will be the greater of the five-year benchmark rate published by the Bank of Canada OR the lender contractual mortgage rate +2.0%. The biggest impact will be on the


By Teri Davidson Uninsured mortgage consumers must


maximum and I believe our government is trying to put the mortgage expenditure for homeowners at a lower price per month to make sure that if or when the interest rates change the homeowner can still afford to pay for their home with new mortgage rates. The media reports make this change into a neg- ative thing and when consumers read how this change will cause prices to drop and people to not be able to afford a home purchase , con- sumers react by not buying or deciding to wait to purchase or move. I don’t necessarily agree that prices will drop. In fact what I do predict will happen is that consumers will wait to buy based on not fully understanding what the changes are but will soon step forward and start looking to buy a first time home or change the home they are living in. Big cities will continue to build high end expen- sive homes and buyers will still want more space , better neighbourhoods or to down size. Young couples will still want to buy a first home. The affordability factor, I believe , will cause the buyer to look outside of the bigger communities and cities and they will look to commutable cities that offer short drive accessibility to work places and give them a bigger home , with more ameni- ties like schools, shopping etc . This will con- tinue to push the market outward from cities like Toronto where buyers will relocate to areas like Burlington, Oakville, Guelph, Kitchener and Hamilton and those people in those cities will commute outward to cities like Brantford, Cam- bridge , and Woodstock. These smaller communities offer less hous- ing, demand will be up, supply down. This will


PROPERTIES FOR SALE


56 Acre farm in Brantford 2 year New, custom two-story all brick home on a small country road 15 minutes from Ancaster and 10 minutes from the 403. Off McBay Rd. This fabulous property features: This home has a ton of windows and a spectacular view from everyone of them, beautiful country mouldings throughout, wide-plank wood floors,Very large living room with patio doors that lead out to a large concrete cov- ered patio,very large mudroom with entrance from the back yard,a gour- met country kitchen with custom cabinetry and gorgeous slab granite countertops with a bonus beautiful pantry. Four bedrooms Including large Master suite with walk-in closet, ensuite has Jacuzzi tub, and 4’ x 6.5’ open walk-in shower with rain shower faucets and laundry are all show- cased on the second floor. Phone,data & cable have been installed into every bedroom. Alarm, surround sound have also been roughed in.New oil furnace,new propane hot water tank. Full unfinished basement offers more space. Central air, central vac,8 appliances. All entrances to this home have custom built rustic porches. The house has spray foam insu- lation through out, black steel roof. The cast iron wood stove was placed in the front entrance, center of the house and heats this entire home. Original home has been retained and is a lovely 2 bedroom home with new kitchen and bath. Breathtaking views. Drive shed 40 x 80, garage 30 x 50 and original bank barn. new Bunkie. Shows fabulously. Quiet side road location.


of Jan 1st 2018 for an approximately $400,000 mortgage. This will reduced the price on the home they are able to purchase. The approxi- mately $100,000 difference could move them down into a lesser neighbourhood, smaller home etc. It will reduce their mortgage payment by over $400.00 as well so this is a positive aspect which hopefully will be outweighed by the loss of borrowing power. I have found that buyers often buy at their


ford and surrounding rural and city areas for over 40 years now and have watched many trends and changes come and go but feel confident our market will soon


until perhaps end of February and then I expect we will see a surge and sales start to pick up. However I don’t believe we will see the way over asking prices experi- enced in the past two year but instead an increase slowly and homes being price more moderately and selling just above or just below asking price. I’ve been selling real estate in the City of Brant-


bring back good prices and new growth in the home building business. I expect our market to experience a slow down


pick up and become an active one by end of March 2018.


teridavidson@rogers.com or by phone at cell 519-758- 7307 or office 519-752-4116.


Positive Case of Equine Infectious Anemia


Confirmed in Quebec


On November 21, 2017, a positive Equine Infectious Anemia (EIA) result was confirmed by the Canadian Food Inspection Agency’s (CFIA) national reference laboratory for a horse on a premise in Havelock, Que- bec. This animal had been sampled by an accredited veteri- narian prior to it being moved to a new premise; clini- cal signs of the disease were not reported. A CFIA


investigation is underway and as per program policy, a quarantine has been placed on the infected animal and its on-premise contacts. The quarantine will remain until all disease response activities have been com- pleted on the premise, including follow-up testing and ordering the destruction of positive cases. More details on EIA may be found on the Cana- dian Food Inspection Agency website.


Sell your Farm Property in


The Rider’s Real Estate Pages! Call (905) 387-1900


New Listing. Hobby Farm with 46 acres. 25 Workable. Just outside Lynden , Ontario. Totally remodelled and rebuilt farmhouse offers a wonderful blend of old and new. Big spacious rooms, lots of natural light, woodwork and charm. Four bedrooms, main floor family room with wood burning fireplace, Three baths. Kitchen features island, open counter to view fireplace while eating. Gorgeous ensuite. Upper floor office is fabulous. Laundry on upper floor too. Huge windows all updated. Beautiful views form every window. Full basement. New furnace, septic and wiring. Would suit two family living. Original Bank barn 40 x 50 has been upgraded with new wiring, steel beams . Features big hay mow, 5 Box Stalls, water and hydro. Workshop 40 x 80'. Heated concrete floors, new propane furnace. !2' x 12' over- head door. Double garage 30 x 40' with separate workshop area attached to bank barn. Fields fenced for horses. Two Ponds. Cabin 16 x 16' with loft and woodstove is a nice trail ride back on the property. very picturesque property with rolling hills and 25 acres approx. workable


Realy Brantford Inc. Located at 134 King George Road in Brantford, Ont. Teri has been a licensed Real- tor and salesperson for over 40 years specializing in residential , rural and income producing properties. Teri may


About Teri Davidson: Teri Davidson is Broker Owner of Associate


be reached by email at


cleared


acreage. 200 amp electrical. new FA propane furnace and WETT certified woodstove. Floors, trims and baseboards all milled by Millgrove Wood Products. Kitchen by Wood Valley kitchens. 2001 septic and water is municipal for house well for barn. Don't let a drive by decide you about this property. You must get in this wonderful home to ap- preciate its quality and character and walk this beautiful property.


Seventeen acres, Stunning Circa 1800's Fieldstone home with stucco addition! Shows A+! Situated on a quiet side road this quaint lovely stone home is surrounded by lovely perennial gardens & beautiful mature trees. The original stone house was added to in 2005 to provide an extra 1200 sq.ft. of living space consisting of gorgeous state of the art kitchen with granite counters, pot lights, slate floors, beautiful cabinetry, large eating area opens to new main floor family room with fireplace. French doors out to side flagstone patio, gazebo & gar- dens. Two bedrooms & full bath & laundry complete the addition. Original home has wide pine floors, high ceilings, 1800's trims and baseboards, designer rich colours, curved stairwell to upper master bedroom with ensuite loft & fourth bedroom. Board & batten out- building 16x24' features four generous box stalls, water and hydro. Storage shed for hay measures 32 x 12. Fenced pastures (3) by Sys- tem fencing for horses. Pickett fence surrounds flower and veg- etable garden. Outside area fenced for dog. Gazebo.. One of a kind property. In floor heat in addition with central air. Lot frontage: 528.95. New Air Handler Central air furnace for original home. Propane fireplace. Gorgeous property on pretty road near Lynden.


Call Teri Davidson, Broker/Owner,


Associate Realty Brantford Inc. 519-647-3330


See picture of these properties at www.venturehomes.ca under Teri's Listings.


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