BEAUTIFUL BARRIE, ONTARIO CANADA
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You have chosen to view real estate information on one of Canada's fastest growing cities - Barrie, Ontario.
 Barrie and surrounding area offers many lifestyle amenities such as a variety of affordable housing from starter homes to dream waterfront residences to picturesque rural properties; a new Royal Victoria Hospital and library; beautiful Kempenfelt Bay with it's beaches, fishing, boating; Ontario's largest ski hills and resorts at your doorstep; an abundance of challenging golf courses; walking/biking/hiking and snowmobile trails.
 Barrie is also a regional shopping center mecca with a bustling downtown, three enclosed major malls and several growing power centers; cultural attractions include The Barrie Molson Centre which is a state of the art facility for sports and entertainment, the new MacLaren Art Centre, Gryphon Theatre and Huronia Symphony to mention a few all within a short 45 minutes drive of Toronto. Experience the lifestyle in "Beautiful Barrie".
If you are looking for real estate in residential homes, commercial or industrial properties in Barrie, or in the surrounding Townships of Essa, Innisfil, Oro-Medonte, or Springwater, ... I trust that you will find this web site very informative. Thank you for visiting my web site.
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MARKET UPDATE
Ottawa, February 16, 2010
2010-011
Government of Canada Takes Action to Strengthen Housing Financing
Related document :
The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.
"Canada's housing market is healthy, stable and supported by our country's solid economic fundamentals," said Minister Flaherty. "However, a key lesson of the global financial crisis is that early policy action can help prevent negative trends from developing."
The Government will therefore adjust the rules for government-backed insured mortgages as follows:
- Require that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term. This initiative will help Canadians prepare for higher interest rates in the future.
- Lower the maximum amount Canadians can withdraw in refinancing their mortgages to 90 per cent from 95 per cent of the value of their homes. This will help ensure home ownership is a more effective way to save.
- Require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation.
"There's no clear evidence of a housing bubble, but we're taking proactive, prudent and cautious steps today to help prevent one. Our Government is acting to help prevent Canadian households from getting overextended, and acting to help prevent some lenders from facilitating it," said Minister Flaherty. "If some lenders aren't willing to act themselves, we will act. These measures demonstrate the Government is committed to taking action when necessary to support the long-term stability of a sector that is so vital to our economy and the financial well-being of Canadian families."
These adjustments to the mortgage insurance guarantee framework are intended to come into force on April 19, 2010.
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For further information, media may contact:
Annette Robertson
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
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