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Shopping for your dream home may get a little easier thanks to new proposed mortgage rules—and they’re packed with benefits for both first-time buyers and anyone ready to call a new build “home.” Here’s the scoop on what’s new and why it could make your 2024 home-buying experience a whole lot better.

📅 30-Year Amortization: More Time, Less Pressure

Goodbye, 25-year max! Now, both first-time buyers and anyone buying a newly built home can opt for a 30-year amortization period, lowering monthly payments by spreading them out a bit more. This change could mean less monthly stress and more room in your budget to start filling that new space with furniture you actually love (or, hey, a few takeout dinners to celebrate moving in!).

🏡 Higher Cap for CMHC-Insured Mortgages Means Less Down Payment in the $1M-$1.5M Range

The days of needing at least 20% down for homes over $1 million are gone! With the new cap for CMHC-insured mortgages raised to $1.5 million, you now have the option to buy within this price range with less than as little as 10% down payment.

This opens up a world of possibilities if you’re looking to buy in higher price ranges without needing to save up that massive down payment. In other words, that dream home in your favorite neighborhood might be within reach faster than you thought!

🏦 Interest Rate Drop: Bank of Canada Lowers Key Rate by 50 Basis Points

On October 23, the Bank of Canada cut its key lending rate by 50 basis points to 3.75%. And if lenders follow suit, that could mean lower mortgage rates for buyers! With monthly payments that might just feel a little lighter, this is a change that could make owning that dream home even more affordable.

So, How Do These Changes Help You?

These updates mean lower monthly payments, easier access to higher-priced homes, and a chance to take advantage of better interest rates. It’s like the mortgage world decided to throw buyers a little party—and it’s one worth RSVPing to!

Got questions or ready to start looking? We’d love to chat and walk you through what these updates mean for you personally. Let’s get those house keys in your hand!

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Open House. Open House on Sunday, October 20, 2024 2:00PM - 4:00PM

Please visit our Open House at 12 MCQUEEN Drive in Paris. See details here

Open House on Sunday, October 20, 2024 2:00PM - 4:00PM

Explore this exquisite bungalow nestled in the heart of Paris, featuring a striking brick and stone exterior and offering nearly 3,000 sq. ft. of living space across both levels.The open-concept design features a gourmet kitchen with granite countertops, high-quality cabinetry, a walk-in pantry, and a stylish backsplash. Elegant travertine flooring and premium hardwood add a touch of sophistication throughout. The luxurious primary suite offers spacious walk-in closets and a spa-like ensuite. The finished basement includes a generous family room, a craft corner, two additional bedrooms, and a laundry room, with one bedroom enjoying ensuite privileges. Outside, the fully fenced backyard is a private retreat with an in-ground pool, stamped concrete patio, and low-maintenance landscaping. (New Pool Liner ordered.) Additional highlights include radiant in-floor heating in the lower bathroom, cathedral ceilings, and large windows that flood the home with natural light. Despite its modest appearance from the street, this home offers far more space than you'd expect. Ideally situated close to schools, scenic trails, and shopping, this property provides the perfect combination of style, comfort, and convenience. Don’t miss out—schedule your showing today! (id:2493)

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Open House. Open House on Sunday, October 13, 2024 2:00AM - 4:00PM

Please visit our Open House at 12 MCQUEEN Drive in Paris. See details here

Open House on Sunday, October 13, 2024 2:00AM - 4:00PM

Explore this exquisite bungalow nestled in the heart of Paris, featuring a striking brick and stone exterior and offering nearly 3,000 sq. ft. of living space across both levels.The open-concept design features a gourmet kitchen with granite countertops, high-quality cabinetry, a walk-in pantry, and a stylish backsplash. Elegant travertine flooring and premium hardwood add a touch of sophistication throughout. The luxurious primary suite offers spacious walk-in closets and a spa-like ensuite. The finished basement includes a generous family room, a craft corner, two additional bedrooms, and a laundry room, with one bedroom enjoying ensuite privileges. Outside, the fully fenced backyard is a private retreat with an in-ground pool, stamped concrete patio, and low-maintenance landscaping. (New Pool Liner ordered.) Additional highlights include radiant in-floor heating in the lower bathroom, cathedral ceilings, and large windows that flood the home with natural light. Despite its modest appearance from the street, this home offers far more space than you'd expect. Ideally situated close to schools, scenic trails, and shopping, this property provides the perfect combination of style, comfort, and convenience. Don’t miss out—schedule your showing today! (id:2493)

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New property listed in Paris

I have listed a new property at 12 MCQUEEN Drive in Paris. See details here

Explore this exquisite bungalow nestled in the heart of Paris, featuring a striking brick and stone exterior and offering nearly 3,000 sq. ft. of living space across both levels.The open-concept design features a gourmet kitchen with granite countertops, high-quality cabinetry, a walk-in pantry, and a stylish backsplash. Elegant travertine flooring and premium hardwood add a touch of sophistication throughout. The luxurious primary suite offers spacious walk-in closets and a spa-like ensuite. The finished basement includes a generous family room, a craft corner, two additional bedrooms, and a laundry room, with one bedroom enjoying ensuite privileges. Outside, the fully fenced backyard is a private retreat with an in-ground pool, stamped concrete patio, and low-maintenance landscaping. (New Pool Liner ordered.) Additional highlights include radiant in-floor heating in the lower bathroom, cathedral ceilings, and large windows that flood the home with natural light. Despite its modest appearance from the street, this home offers far more space than you'd expect. Ideally situated close to schools, scenic trails, and shopping, this property provides the perfect combination of style, comfort, and convenience. Don’t miss out—schedule your showing today! (id:2493)

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New property listed in St. George

I have listed a new property at 48 MAIN Street South in St. George. See details here

Prime Business Opportunity in Growing St. George! This 600 sq. ft. commercial space (plus a full basement) is located in an established, well-maintained building with ample parking.In the thriving town of St. George. Benefit from the high visibility and pedestrian-friendly location on the bustling main street, which enjoys year-round foot traffic. Supported by Brant’s Economic Development Department and promoted by tourism initiatives like The Heart of Ontario and Tourism Brant, the area attracts both local shoppers and day-trippers alike. Popular events, including Apple Fest, draw crowds, further increasing business exposure. Zoned C4, this versatile space suits a variety of businesses, from retail shops and florists to delis and specialty stores. Recent upgrades include parking lot expansion, fresh line painting, and the addition of a new signage banner above the unit for maximum visibility. Don't miss this affordable opportunity to grow your business in a rapidly developing community. Schedule a viewing today! (id:2493)

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New property listed in Paris

I have listed a new property at 7 FORD Street in Paris. See details here

Introducing Crystal Homes' highly coveted Appalachian Model, perfectly situated on a premium lot within the vibrant Paris Riverside community. This immaculate 4-bedroom, 3.5-bathroom residence offers 3,000 sq ft of sophisticated living space, ideal for those seeking to settle in the trendy town of Paris, Ontario. Step inside to find an array of premium upgrades, including 5-inch wide plank engineered hardwood throughout. The inviting foyer flows into a bright, open-concept dining and living area, complete with a cozy gas fireplace and a large picture window showcasing your private, expansive corner lot with no rear neighbours. The eat-in kitchen is designed for both function and style, featuring upgraded cabinetry, a breakfast bar, and an effortless connection to the living space—perfect for family gatherings and entertaining. Enjoy the airy feel of 9-ft ceilings on the main floor, enhanced by an abundance of natural light. Upstairs, a spacious loft den/office leads to four generously sized bedrooms, two of which have ensuites. The primary retreat includes a luxurious 5-piece ensuite and a sizeable walk-in closet. Modern, fresh finishes extend to the upstairs bathrooms, creating a sleek and comfortable atmosphere. The full basement, featuring a rough-in for a bathroom, large windows, and a walk-out, provides endless opportunities for customization. Additional features include a sunken laundry room with inside access to the double car garage. Located within walking distance of downtown Paris, the Grand River, boutique shops, restaurants, schools, and essential amenities, this home effortlessly combines luxury and convenience. Plus, you’re just steps away from Morgan's Pond, and tranquil nature trails, perfect for outdoor enthusiasts. With all these features, you’ll enjoy the full experience of this charming, up-and-coming community. (id:2493)

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New property listed in Paris

I have listed a new property at 109 GRAND RIVER Street North in Paris. See details here

Seize this exceptional opportunity in the heart of Paris's vibrant downtown core. This main level commercial space offers 1,665 sq. ft. of prime street-front exposure, with an additional 1,600 sq. ft. of basement space featuring excellent ceiling height, perfect for storage or supplementary use. Surrounded by thriving businesses in, this location benefits from foot traffic and high visibility. Situated on the picturesque Grand River, Paris is proudly rated the #1 Prettiest Little Town in Canada. Ideal for entrepreneurs seeking a prominent downtown presence, for businesses looking for a versatile commercial space in a flourishing community. Don't miss your chance to establish your business in this charming, historic downtown! (id:2493)

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New property listed in Kitchener

I have listed a new property at 39 CHANTILLY Street in Kitchener. See details here

Charming single detached home located in the sought-after Huron Park neighborhood! This 3-bedroom, 1.5-bathroom property is ideal for first-time buyers, downsizers, or investors. The main floor offers a bright, open-concept layout perfect for entertaining, featuring a kitchen island, and stainless steel appliances. The dining area flows into the sunken living room, which opens to the backyard through patio doors. Upstairs, you'll find two well-sized secondary bedrooms, a 4-piece main bathroom, and a spacious primary bedroom with a large walk-in closet. The finished rec room provides additional living space, complete with a rough-in for a bathroom, while the unfinished basement offers plenty of potential for customization. (id:2493)

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Open House. Open House on Sunday, September 29, 2024 2:00PM - 4:00PM

Please visit our Open House at 457 PLAINS Road East in Burlington. See details here

Open House on Sunday, September 29, 2024 2:00PM - 4:00PM

Discover the ultimate in luxury living with this top-floor gem! Bask in the glow of full southern exposure that floods your space with natural light and invites you to enjoy a sun-drenched, private balcony. Inside, you'll be captivated by the open-concept design featuring sleek quartz countertops, modern stainless steel appliances, and a charming 50 sq/ft patio, ideal for relaxing after a long day. Recent enhancements at Jazz Condominiums include a stylish communal BBQ area, a spacious party room, cutting-edge fitness facilities, and ample visitor parking, all designed for your comfort and convenience. Just moments from top shopping destinations like Mapleview, Ikea, and Fortinos, and within 2km of Aldershot Station, lush parks, scenic walking trails, and the prestigious Burlington Golf & Country Club, this location seamlessly blends convenience with leisure. Don't miss out—schedule your showing today! (id:2493)

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Your Ultimate Guide to Fall Fun!

FALLing short on things to do?

Don’t worry, we’ve put together a list of exciting activities to enjoy in the Brant County area this fall! Whether you’re venturing outdoors for a hike or a trip to a pumpkin patch, or staying inside to explore art galleries and wineries, the River Realty Team has you covered with the best fall activities.

 Hiking Trails

If you want to take in the beauty of fall, consider a walk along one of the many scenic hiking trails in the area! In Paris, you can explore Barkers Bush or the Cambridge to Paris Rail Trail. Brantford also has some great options, like the SC Johnson Trail and the Brantford to Hamilton Rail Trail. These trails are a wonderful way to experience the vibrant colours of autumn.

 Pumpkin Patches

One of the best parts of fall is Halloween, and it wouldn’t be complete without pumpkins! There are plenty of pumpkin patches in the area, so why not bring the family along for some fun? If you’re near Brantford, be sure to visit Brantwood Farms. Not only can you pick the perfect pumpkin, but they also offer a corn maze, haunted barn, tractor rides, and so much more every weekend in September and October. Also keep an eye on our socials for a pumpkin carving contest we’ll be hosting soon!

 Art Galleries

Looking to get out of the house but not sure where to go? Why not explore some of the fantastic art galleries in the area? Glenhyrst Art Gallery in Brantford is a fall favourite. In addition to the stunning artwork inside, the gallery is surrounded by beautiful gardens and greenery, making it a perfect autumn outing. Don’t miss their Arts Festival on September 20th and 21st, on the 21st, entry is free and features 50+ artists, live music, and even food trucks if you're in the mood for lunch!

 Local Wineries

In Ontario, the fall months align with harvest season at many local wineries and vineyards, making it the ideal time to visit. The vineyards are breathtaking this time of year as the colours of autumn sweep through. While many of the best wineries are in the Niagara-on-the-Lake area, it’s easy to plan a day of touring and sampling at a few spots to make the most of the season.

 Cozy Local Cafes

As fall approaches, it’s time to say goodbye to summer’s warmth and embrace the cooler air, and what better way than with a cozy hot drink? Whether you’re a coffee lover, tea enthusiast, or hot chocolate fan, there are plenty of charming little cafes around that will delight your taste buds and keep you warm. These cozy cafes also offer the perfect atmosphere to get some work done, catch up on reading, or simply enjoy a beverage while taking in the fall vibes.

 We hope these ideas inspire you to make the most of the fall season! If you have any questions about these activities or are looking for more local events and fun this fall, please reach out, we’d be more than happy to help!

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New property listed in Paris

I have listed a new property at 18 KELLY Court in Paris. See details here

Welcome home to 18 Kelly Court in Paris!This executive-style detached home is perfectly situated on a quiet, desirable dead-end street, ensuring peace & privacy. Boasting an impressive 2,483 sq/ft of thoughtfully designed living space, this home has an array of unique & appealing features you'll struggle to find elsewhere in Paris! As you approach, you'll immediately appreciate the attached 3-car insulated garage & the expansive triple-wide paved driveway, providing ample space for family & all your recreational vehicles. The moment you step inside, you're greeted by a bright & airy living & dining area, enhanced by soaring vaulted ceilings & abundant natural light from the large windows & solar tubes. The well-appointed kitchen, features a convenient peninsula & an additional eating area. From here, you'll have direct access to the large pie-shaped backyard & a stunning covered patio which overlooks the towering trees behind —perfect for enjoying summer evenings. The lower level family room, open to the kitchen above, offers a fantastic space for family gatherings or entertaining guests, while still keeping everyone connected. This level also includes a 2-piece bathroom, an office, & a laundry room with additional garage access. Descending to the basement, you'll find a spacious rec-room that could easily be renovated into a fourth bedroom to suit your needs. Upstairs, the home continues to impress with its bright, open layout. The hall overlooks the main level, adding to the sense of grandeur created by the vaulted ceilings. At the back of the house, the primary suite offers a serene retreat, complete with a walk-in closet & a luxurious ensuite featuring a soaker tub. Two additional bedrooms & a well-appointed 4-piece bathroom complete this level. This home offers a perfect blend of functionality & elegance—ideal for making lasting memories. Don’t miss the chance to call 18 Kelly Court your new home! (id:2493)

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New property listed in Brantford

I have listed a new property at 150 CLARENCE Street in Brantford. See details here

Seize this rare opportunity to own a Mixed Commercial Residential (C3-4) lot in a bustling, high-traffic area of Brantford. This flexible property is ideal for building a custom commercial space or a combination of commercial and residential units. With zoning that also accommodates purely residential developments, you can choose to create anything from single-family homes to fourplexes. A recent Phase One Environmental Study is available, ensuring transparency. Vendor Take-Back (VTB) financing options are also available for qualified purchasers. Don’t miss your chance to develop a property tailored to your needs in this prime location! (id:2493)

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