3rd Annual Stevington Crescent Street Sale and Charity Drive

Hi Neighbours! Welcome to the 2008 late summer edition of the Street Sale. The 2007 event was a huge success (see last year's photos) let's make 2008 even better.

Purge unwanted items, earn a few dollars in the process, have fun and get out and mingle with the neighbours. (6 new neighbours since last event!)

And to boot this year we are doing it for a good cause. We have teamed up with The March of Dimes of Ontario who have offered to cross promote our event and will be supplying us with materials (perhaps even T-shirts) needed should you or your garage sale visitors wish to contribute in larger amounts. Please visit March of Dimes for more details.

If you come to this by way of the yellow flyer please pass the word around as often the flyer goes unoticed or discarded. Last year several neighours expressed that they wanted to participate but never got saw/received the flyer! Please help us spread the word.

The date is Saturday Sept 13 with a Sunday Sept 14 rain date. As per usual we will be advertised in the Wed and Friday Mississauga News. We have found that putting a number to the event (e.g. 20 + homes participating) attracts more people. So please either comment to this post, or email david@soldhabit.com to let us know you are participating.

Government of Canada Moves to Protect, Strengthen Canadian Housing Market

On July 9, the Department of Finance announced adjustments to the rules for government guaranteed mortgages aimed at protecting the strengthening the Canadian housing market. CMHC supports the new parameters and the government’s ongoing efforts to maintain a strong Canadian housing market.
Consistent with the government’s direction, CMHC will no longer be accepting mortgage insurance applications for 40-year amortizations or 100 per cent loan-to-value mortgages on or after October 15, 2008. Those mortgages with a 40-year amortization and the 100 per cent loan-to-value mortgages already insured by CMHC are not affected. CMHC mortgage insurance coverage on these mortgages is good for the entire life of the mortgage.
However, CMHC will continue to offer mortgage loan insurance for amortizations of up to 35 years and up to 95 per cent of the value of the property, and will continue to offer a wide range of innovative products that meet the needs of borrowers.
CMHC will also continue to offer CMHC Flex Down, which offers homebuyers the flexibility of purchasing a home using a wider range of sources for their down payment — including borrowed funds and lender cash-back incentives.