real estate insider vol 25 2015

WHAT’S INSIDE:Choose a Buyer’s Agent: PAGE 2

Oakville • Milton • Campbellville • Acton • Rural • HaltonSuper Low Down Payment Home Loans: PAGE 7Rental Properties - Options for Investors: PAGE 7March Break Fun: PAGE 7

YOUR SOURCE FOR REAL ESTATE INFORMATION

Volume 25

Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

St. Patrick’s Day marks the feast day and anniversary of the death of a Christian missionary known as Patrick. He was born in the year 387, probably somewhere near the present day border between Scotland and England. At the age of 16, he was captured and taken to Ireland as a slave. During this period, he became very religious and after six years he fled back to his family.

Later in his life, he returned to Ireland as a missionary. He is said to have played an important role in converting the inhabitants of Ireland to Christianity and in ridding the island of snakes. However, there is no evidence that there have been any snakes in Ireland in the past 10,000 years. The “snakes” he drove out of Ireland may represent particular groups of pagans or druids. It

is believed that St Patrick died on March 17 probably in the year 461 or 493 (according to different sources). St Patrick is buried under Down Cathedral in Downpatrick, County Down, and is one of the three patron saints of Ireland. The other patron saints are St Brigid of Kildare and St Columba.

St Patrick’s Day celebrations were brought to Canada by Irish immigrants. The day is a bank holiday in Northern Ireland and a public holiday in the Republic of Ireland. In the rest of the United Kingdom, the United States, Australia and New Zealand, it is celebrated, but is not an official holiday. So take time to enjoy the upcoming festivities, green beer, good food and of course the Irish music!

Not intended to solicit persons or properties currently under contractual agreement.

Office: [email protected] • [email protected]

www.facebook.com/Manchisiteam • www.manchisiteam.com

Sales Representative & Broker of Record

Domenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada* and he was a top producer for RE/MAX in 2013. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates:

• Appraisal• Mortgage Financing• Property Law• Property Management

• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result of his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trump’s Apprentice, Bill Rancic, has appeared with The Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team have achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

*For Prudential Canada 2008-2011

Stability • Experience • Relationships

About Domenic Manchisi

Member of theCross Canadian Referral Network

You might think that you have the knowledge of the Halton Hills area to buy a home yourself, but it is not a DIY project. You also want to make sure that your best interests are being met. There are some agents who are “dual agents”, they represent both the buyer and seller. Their job is to get the home sold, NOT getting you into the best home for you and your family. When you are looking for a Buyer’s Agent, take your time in finding the one who best understands what you are looking for. Here are a few questions you might want to ask:

• Ask the agent how many other clients they currently have. You want someone who is working for you! That is what they are getting paid for. If you find a home online and want to view it, will that agent have time to schedule a last minute showing?

• How much experience does the agent have? Many new agents work under the wings of a more experienced professional but their knowledge will be second hand.

• What questions does the agent ask? It is equally important to listen to what the agent asks you as it is for the agent to listen to what you want. The experienced real estate agent understands that until you have pre-approval for the loan, showing you homes is a waste of time on both sides, unless you plan to buy with cash.

A Buyer’s Agent will ask you to sign an agreement that will commit you to working with that agent for a pre-determined amount of time. Make sure that the agreement is a short-term commitment. If, after a few months, the agent is not meeting your needs, your agreement will expire and you will have the right to find another agent who can better meet your needs.

You know what you and your family are looking for and a Buyer’s agent is there to help you find your home. When you are looking for a Buyer’s Agent, use your gut feeling about whether they will do the best job or not. The goal is to find you the home best suited for you.

We hope that this article was informative for you and that is what The Manchisi Team is all about, giving great information and education to the community. If you are in the market to buy your next home or thinking of selling your home, call us. We have the experience and knowledge to get the job done. Call us directly at 905-875-4594 or 905-639-7676, or if you would rather send us an email, [email protected]. We have more educational information on our website: www.manchisiteam.com

How to Choose aBuyer’s Agent


Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated www.manchisiteam.com

Volume 25

DomenicMANCHISI

[email protected] of Record

JodyMANCHISI

[email protected] Representative

MickeyGALEKOVIC


DesmondWATSON


AprilMURPHY


Pooja [email protected]

Broker

AnnaTACIAK



to get your home sold, call us now! Office: 905.875.4594Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

Volume 25

FEATURED HOMES

FOR SA

LE

$719,900800 Bessy Trail“Beautiful Mattamy 46 foot wide lot energy star landscaped home, in desirable Coates Crossing. 7 years, 2,760 square foot with curb appeal and wraparound porch. This pleasing floor plan features a living room with french doors and 2 large picture windows perfect for home office! Kitchen includes pot lights, backsplash, movable centre island, granite, lots of maple cupboards. Dining room with coffered ceiling, pillars, and light sconces. South-facing backyard for maximum light pours through the 8 foot patio doors, leading to large deck and fence pergolas. Spacious family room with upgraded maple hardwood. Master suite with double doors lead to walk-in closet and ensuite with 6 foot jetted tub. Convenient 2nd floor laundry with sink. 2nd floor computer nook overlooks the living room. Partially finished lower level awaits your finishing touches and offers large 2-piece washroom. No cost to you roof solar panels earn $$$ each year (see feature sheet for details). Parking for 4 cars on driveway no sidewalk. Walking distance to schools, parks, amenities, transit, convenience plaza, walk-in clinic, and Symposium Cafe (Voted best neighbourhood restaurant in Milton)”

FOR SA

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FOR SA

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$549,90056 Robert StreetLocation location!! In the heart of Milton, short walk to fairgrounds and downtown situated on a huge corner lot. This home has plenty to offer. 3 separate living areas. Legal duplex with basement apartment. Unit 1 - 3 bedroom 2 level home with living room, large kitchen and updated 4-piece bath. Unit 2 - 2 bedroom one level home with large eat-in kitchen, large family room with walk-out to deck. Separate dining room and 4-piece bath. Unit 3 - lower level apartment with above grade windows. Large kitchen (needs some finishes), living room, 2 bedrooms, and 4-piece bath. Lots of parking with 2 driveways and a huge backyard.

FOR SA

LE

556 Sanderson CrescentGorgeous 4 bedroom detached home located in the neighborhood of Clarke situated on a huge premium pie shaped lot. Main floor offers hardwood floors and staircase, Large kitchen with granite counters and stainless steel appliances and butlers pantry. Family room with gas fireplace overlooks the kitchen - a perfect space for the whole family. Finished walkout basement with 2-piece bath adds for more living space. 4 large bedrooms, 20 x 15 master bedroom with ensuite bath. Stunning landscaping with a beautiful stone patio and hot tub. Call today for more details!

FOR SA

LE

73 King William Crescent $294,000Beautifully maintained very bright modern 1 bedroom unit. Open layout, great entertaining space. Modern kitchen w/lots of counter space, quartz counter tops, stainless steel appliances and breakfast bar. Large living room with walk-out to balcony. 4-piece bath with granite counters. In-suite laundry, just move in and enjoy!

$689,900

Sunday, March 15th2:00 - 4:00pm



Volume 25FO

R SALE

$4,900,00013268 Fifth LineExquisite 1840’s re-finished home with all of todays modern finishes still keeping the old age charm, situated on 95.25 acres. Spacious 4 bedroom 3.5 baths, 3 fireplaces, Gorgeous hardwood floors, High baseboards and large wood trim, crown mouldings, galley kitchen with stainless steel appliance. Formal dining room, main floor family room and 2nd floor family room. Large separate living room. Master bedroom addition above garage offers a 5-piece ensuite, walk-in closet, gas fireplace and walk-out to balcony with stunning views of the pond and property. Large mud/laundry room, heated and air conditioned finished garage. 1,400 square foot barn with loft and oversize double car garage. Geo thermal heating/cooling, silo with spiral staircase and views that are spectacular. Feature sheet available upon request for more details.

SOLD

6 Rosebank Drive, Unit 7BTerrific 1 bedroom plus den condo unit, located steps to Highway 401. Gorgeous building offering conference room, party room, billiards, gym and BBQ area. Some amenities are located in the sister building 8 Rosebank. Good size unit with good size kitchen offering stainless steel appliances and granite counters. Open concept kitchen overlooking the eating area and living room. Walkout to balcony with north views. Spacious bedroom with large window. Open den can be used as office or dining area. Ensuite laundry and 4-piece bath. Concierge service in building. 1 parking spot underground. Close to all amenities.

facebook.com/Manchisiteam

FOR SA

LE

2093 Waters Edge DriveLAKE VIEWS!! South Oakville cul-de-sac with 20 seconds access to lake, a rare opportunity not to be missed! Approximately 2,900 square feet, move in ready! 4 Bed/4 bath updated family home. Benjamin Moore 2015 colours, 3 fireplaces, open concept main level. Renovated kitchen, stainless steel backsplash, stainless steelappliances, 2 breakfast bars. Family size eat-in sunroom. Separate dining and living room. Master bedroom boasts lake/marina views, cathedral ceilings, skylights, 6 piece his/hers ensuite, jacuzzi and private balcony. 2nd bedroom with 3 piece ensuite. Walk-in cedar wine cellar and wet bar. Extensive backyard oasis with saltwater in-ground pool large 386 square foot deck. Lake and marina views from deck, family room, 2 bedrooms!

$ 1,274,800

FOR LE

ASE

2220 Lake Shore Blvd. West, #2001Absolutely beautiful immaculately maintained two-story three-bedroom home located in the center of Acton. Large eat-in kitchen with custom maple cabinetry located off the large family room. Walk out to deck from kitchen private yard with large storage shed. Three bedrooms located on the upper level including a large master bedroom with vaulted ceiling and lots of windows allowing natural sunlight. Gas hook up for barbecue, antenna on house for TV along with Cogeco access. Fully finished basement with gas fireplace above grade windows and 4-piece bath, 2 car parking on driveway shows +10.

$ 1,340

Volume 25



FOR LE

ASE

$1,5506540 Falconer Drive #136End unit town home close to Highway 401 and amenities. 3 bedrooms, master with semi ensuite. Main floor offers a living room with walk-out to large fully fenced yard. Separate dining room located off the kitchen. Finished lower level with 3 piece bath and 4th bedroom/office.

SOLD

53 Sir Jacobs Crescent

Large family home located in a quiet neighborhood. Built by Royal Park, the Lavender model offers approximately 2,000 square feet open concept, main floor has large foyer entrance that leads to the separate dinning room. Family room offers a gas fireplace and overlooking the eat-in kitchen. Walk out from kitchen to large deck and fenced yard. Spacious 2nd level with four large bedrooms. Master bedroom as a 4-piece ensuite with walk in closet. Fully finished basement with recreation room, 3-piece bathroom and fourth bedroom, 4 car parking on driveway , no sidewalk!

FOR SA

LE

9 Sarah Street3 Bedroom all brick bungalow located in a mature neighbourhood in Georgetown. Main windows, front and back doors have been replaced. (2014). Upgraded main 4-piece bathroom. Large lot with fully fenced yard. Good sized living area and galley kitchen.

$378,000

FOR SA

LE

4978 Yonge Street, #811Less than 5 years old 1 bedroom luxury suite in Tridel building “Ultima” with upgraded engineered hardwood floor. One exclusive parking spot underground access to subway. State of the art amenities including golf simulator, indoor pool, gym and exercise room. Walking distance to all shopping and transit. Amazing Value!

$285,000

FOR SA

LE

108 Charlton Settlement Avenue3 Bedroom, 2 bathroom town home close to amenities, transit and GO station. Large living room and family size kitchen. Good size master bedroom with 4-piece ensuite bath. Partially finished basement with walk-out to fenced yard and access to garage. 2 Car parking on driveway plus 1 in garage!

$375,000

Milton• 2 Storey - 65 Available Starting at $464,900• Bungalow/Backsplits - 22 Available Starting at $379,000• Towns/Semis - 34 Available Starting at $369,900• Condo Towns - 5 Available Starting at $264,878• Apartments - 17 Available Starting at $269,900

Acton• 2 Storey - 13 Available Starting at $359,900• Bungalow/Backsplits - 8 Available Starting at $299,900• Towns/Semis - 0 Available

CALL US TODAY FOR ANY OF THESE HOMES - 905-875-4594HOMES FOR SALE• Condo Towns - 1 Available $229,000• Apartments - 0 Available

Campbellville/Brookville• 2 Storey - 12 Available Starting at $598,500• Bungalow/Backsplits - 6 Available Starting at $399,999

Rural• 2 Storey - 18 Available Starting at $699,000• Bungalow/Backsplits - 13 Available Starting at $449,000

I was introduced to Domenic by my friends who had

recently bought and sold through him. Domenic

explained the procedures and details of buying

a house. This was my first time buying a house

and I appreciated the listings he sent to me, that

way I could compare and decide what I wanted.

My first trip out with Domenic I was shown two

potential properties that fell within my budget.

Domenic picked a winner on the second one - I

bought it that afternoon! Domenic explained the

preceding steps (lawyer, closing, etc) very clearly.

I thoroughly enjoyed this amazing experience.

I would definitely recommend Domenic and his

team to anyone!

Sincerely

Kevin Hickman

TESTIMONIAL OF THE WEEK

VO

L. 2

4A

NSW

ER

S

Source: ©Web Sudoku 2015 - www.websudoku.com

SUDOKU



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How to Secure Super LowDown Payment Home Loans

When You Buy a Home

Rental Properties: Options for Investors

HALTON – A new report has just been released which identifies a foolproof 3-point plan which any homebuyer can use to secure the best financing rates when they buy a home. When you’re looking to buy a home, the first thing most homebuyers do is start the process of house hunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home.

The experience of thousands of area homebuyers has been summarized in a new report entitled “Best Financing: A 3-Pont Plan”. This report outlines 3 critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, and how to manage the process to your personal advantage.

How to order your free copy of this report, check us out online at www.haltonbestfinancing.com

When buying a revenue generating residential property, there are multiple ways to structure ownership.

When buying a revenue generating residential property, there are multiple ways to structure ownership. Determining the optimal structure must be done on a case-by-case basis. Every investor’s situation is unique, which means there aren’t any one-size-fits-all solutions. There are both advantages and disadvantages to holding a rental property personally versus in a corporation, and many factors need to be considered in order to determine which is more appropriate for your situation.

One of the principal benefits of holding a rental property in a corporation is the limited liability of the corporate shareholder.“This means that generally, shareholders are not personally liable for any of the corporation’s debt,” said Richard Scheim, principal and chartered professional accountant at Schwartz Levitsky Feldman. “This isn’t the case when a rental property is held personally.”However, if rental losses are incurred and the corporation has no other income, the losses are generally trapped in the corporation. Conversely, owning a rental property personally allows for rental losses, before tax depreciation, to be used against other sources of personal income.

Incorporating for the purpose of holding a property can be quite expensive. “Initial incorporation can be costly, additionally annual filing and regulatory requirements such as financial statement preparation and tax filing increase costs as well,” Scheim said. “It’s also simpler to administer a property held personally than one held in a corporation.”

For a personally held property, income and

expenses are reported directly on the individual’s personal tax return, so there’s no need for additional tax filing and administration costs.“Having net rental income in a personally held property also increases the individual’s RRSP contribution limit, but serves to reduce it if there is a net loss,” Scheim said.

Before you determine the optimal method of structuring the ownership of the property, be it personally or through a corporate vehicle, it’s important to understand the key tax implications.“With a typical residential rental property there are no significant tax advantages to holding it in a corporation,” Scheim said. “Usually income

generated from a residential rental property is considered to be passive income and the tax rates on passive income in a corporation are essentially the same rates that one would pay personally in a high tax bracket.”

In some instances where there is active business income from a residential property, corporations can benefit from reduced corporate tax rates, which allow for taxes to be deferred until a later time when the cash is needed by the shareholder, he added.

There are important details to understand about tax deductions related to residential revenue properties.“It’s necessary to separate the value of the land from the building,” Scheim said. “For tax purposes, the building can be a tax deduction over its useful life; but the same does not apply for the cost of the land.”

In terms of repairs and renovations, not all expenditures are created equal.

“When renovating a property, it’s important to keep in mind the tax consequences of these particular costs,” Scheim said. “Some costs are fully deductible in the year incurred while others must be deducted over a period of time; if the expenditures are considered to be an improvement to the property for instance, then the deduction needs to be spread out over several years.”

Capital cost allowance, which allows corporations to claim a deduction for depreciation of the building, is another means by which owners can seek to reduce their tax burden. “But it can be tricky because on one hand, CCA can lower your net income from the property to nil but when the property is eventually sold and a capital gain is realized, all of the CCA deductions claimed in prior years will be added back to income,” Scheim said. “Another potential pitfall is that if one day you decide to move into the property, additional tax considerations will come into play that can have a profound impact on your principal residence exemption. Working with professionals is key to making decisions that will yield the best outcome for investors. “Scheim said. “Particularly for those delving into the industry for the first time.”

Source/Credit: The Gazette

Volume 25

March Break FunMarch Break fun is coming soon! March Break is just around the corner and there are a ton of great events coming up for kids and families in Milton and its surrounding communities. Some you’ll need to pre-register for and others offer handy drop-in times, so you can rest assured you’ll be able to find something fun to do all week long!

MILTONTown of Milton March Break Camps – Mattamy National Cycling CentreMarch 16 – 20 from 8 a.m. – 4 p.m. Get on the Track FUNdamentals Camp (for kids 11-14 years)Let’s Ride! Cycling Camp (kids 8-10 years)March Mania Move More Sports Camp (kids 8-12 years)

Town of Milton Drop-In Programs – Milton Leisure CentreMarch 16 – 20 from 9:30 a.m. – 11:30 a.m. Play with Me (kids under 5) March 16, March 18, March 20 from 10:30 a.m. – 12 p.m.Family Sports (kids 6 and up)

Skating - Milton Memorial ArenaVarious times – check www.milton.ca/recreation

Swimming – Milton Leisure CentreVarious times – check www.milton.ca/recreationFor kids who love LEGO, Bricks 4 Kidz will be offering a variety of camps geared toward children aged 5-10. Offering locations in Milton, Burlington and Oakville, you can register for the March Break camps at www.bricks4kidz.com

CAMPBELLVILLEHead to Mountsberg Conservation Area to take part in one of the year’s most anticipated events – Maple Town! The whole family can explore the Mountsberg Sugar Bush to see historical and modern methods of tapping, collecting and boiling sap to make syrup. Take in a maple candy making session or travel on a horse-drawn ride through the bush. Finish off your visit with a stop at the Pancake Pavilion for a plate of flap jacks covered in pure maple syrup. Maple Town runs March 14 – 22 from 10 a.m. – 4 p.m.

GEORGETOWNKids 7-12 years old won’t want to miss the March Break Adventure Splash n’ Fun! Children will be treated like special guests on a road trip, while making crafts and, of course, swimming at the Gellert Community Centre in Georgetown. The camp runs March 16 - 20 from 9 a.m. - 4 p.m.

The Georgetown Market Place has some fun March Break activities planned, so you can get some shopping done and entertain the kids all in one outing!

March 16 - Magic Show at 12 p.m. and 2 p.m. March 17 - Crafts and face painters from 12 p.m. – 3 p.m. March 18 - Zumba lessons at 12 p.m. and 2 p.m. March 19 - Puppet Show at 12 p.m. and 2 p.m. March 20 - Frozen Ice Queen and Ice Princess Show at 12 p.m. and 2 p.m.

All events take place at Centre Court.

OAKVILLE The Town of Oakville has an exciting week of March Break Camps planned for kids of all ages at Glen Abbey Community Centre. There’s Beetle Bugs for kids aged 4-5, Bonanza for kids aged 6-9 and Break Out for kids 10-13. Check out the website for a full schedule of camp events. The Oakville Museum will be offering a variety of decorative art classes for kids 6-10. For details about all March Break camps being offered, visit www.oakville.ca



Volume 25

“Your Connection to a Better Mortgage”Not intended to solicit buyers or sellers currently under contract with brokerage.Lic. # 10505

Together we makeMORTGAGES EASY

CALL US FOR ALLYOUR MORTGAGE NEEDS

LET US DO THE SHOPPING FOR YOU!FREE service with no obligation, find out how we can help! Learn how you can use your existing equity as an investment!

THINKING OF CONSOLIDATING DEBT?WE DO FIRST AND SECOND

MORTGAGES, CONSOLIDATE DEBT, AND REFINANCING

CALLDomenic Manchisi | Mortgage Agent (Lic. # 10505)

FOR YOUR MORTGAGE APPROVAL

DomenicMANCHISI

[email protected] of Record

[email protected]

Sales Representative

[email protected]

Sales Representative

DesmondWATSON


AprilMURPHY


Pooja KAUSHAL

[email protected]

AnnaTACIAK


real estate insider vol 25 2015

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