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Leona's Thought for the Day!It's more than worth it to stage your property before you list it!I can help you with that e...
07/05/2024

Leona's Thought for the Day!

It's more than worth it to stage your property before you list it!
I can help you with that every step of the way!

Let's talk.

Make it an amazing day!

LEONA LEE-HARRISON
Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302

Leona's Thought for the Day!On a personal note, I just made a commitment to reach my ideal weight for my height.  I join...
07/04/2024

Leona's Thought for the Day!

On a personal note, I just made a commitment to reach my ideal weight for my height. I joined Weight Watchers. It is offering six months free right now but the offer ends tomorrow. I'm excited!

My future already feels brighter! Still, support is always welcomed!

Have a great day everyone and let me know if I can help you with any real estate questions or representation you may need.

Make it an excellent day!

LEONA LEE-HARRISON
Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302

Leona's Thought for the Day!Knowledge is power!  It allows you to make better choices!Find out what your house is worth!...
07/03/2024

Leona's Thought for the Day!

Knowledge is power! It allows you to make better choices!
Find out what your house is worth! Call me!

Make it an amazing day!

LEONA LEE-HARRISON
Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302

Leona's Thought for the Day!Let your property work for you!  Here's a combined Business & Residential Property that scre...
07/02/2024

Leona's Thought for the Day!

Let your property work for you!

Here's a combined Business & Residential Property that screams opportunity!

Calling All Entrepreneurs and Investment Savvy People! You won't want to miss out on this great opportunity! This property not only has an established convenience store on a high-traffic main street with separate parking, but it also has a fantastic location with great potential for you to maximize. Now you can live large and work without the cost of gas! Its charm, character, extensive mature landscaping with a gazebo, and little resting nooks add to its satisfying enjoyment. Its substantial living spaces afford you the option of spacious living on one level while letting family and friends benefit from the convenience and privacy of a self-contained upper three-bedroom, with a separate entrance. It's all good! The attic is unspoiled and waiting for your personal touch. Its floor is well-insulated, and you could turn this area into a great loft, workshop, office, getaway, or creative space. There are plenty of options to choose from. The driveway has room for seven cars. The detached double garage offers space for two more vehicles or a workshop, and the shed provides extra storage space. The garage has a 220 amp +120 amp service and water. ***The store, main living area, and upper living area are all on separate hydro and water meters!!!***Call the Listing Agent for comprehensive information on permitted business uses you could benefit from in the separate store portion of this property.

CHECK THEM OUT!
Residential Portion MLS # 202412391
Commercial Portion MLS #202412398

Let me know if you'd like to view the property or have any questions!

Have an awesome day!

LEONA LEE-HARRISON
Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302
I'm truly here for you!

Leona's Thought for the Day!Happy Canada Day Everyone!FUN FACTS ABOUT CANADA DAY!Canada Day is a federal statutory holid...
07/01/2024

Leona's Thought for the Day!

Happy Canada Day Everyone!

FUN FACTS ABOUT CANADA DAY!

Canada Day is a federal statutory holiday celebrated every July 1 in commemoration of the Canadian Confederation in 1867. Under the Constitution Act passed on July 1, 1867, the separate colonies of Upper and Lower Canada, New Brunswick and Nova Scotia were placed into one united dominion with the British Empire as Canada.

Key Facts & Information
HISTORICAL BACKGROUND
Originally known as Dominion Day until 1982, Canada Day marks the anniversary of the British North America Act in 1867. From this act, the country of Canada composed of the provinces Ontario, Quebec, Nova Scotia and New Brunswick was created.

In the late 15th century, lands covering present-day Canada were explored and colonized by French and British expeditions. In 1534, New France was claimed. By the beginning of the 17th century, permanent settlements were established.

Following the Seven Years’ War, France ceded all its colonies in North America to Britain. Under the 1763 Treaty of Paris, Great Britain gained the French colonies of Canada, Grenada, Saint Lucia, Grenadines, Tobago, Dominica, and Guadalupe. The treaty marked the beginning of British dominance outside Europe.

In 1791, the present-day province of Quebec was divided as Upper and Lower Canada. By 1840, the Act of Union combined the two provinces as the Province of Canada.

Aside from the 1763 Treaty of Paris, France also ceded the Louisiana territory to Spain under the Treaty of Fontainebleau in 1762. The treaty only became known to other countries in 1764.

Between October 10 and 24, 1864, the Quebec Conference was held to discuss the formation of a Canadian Confederation.
The Conference was attended by 32 delegates from Canada East, Canada West, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland. The conference resulted to the comprehensive 72 Resolutions which later became the foundations of the British

North America Act.
THE BRITISH NORTH AMERICA ACT
Received by Queen Victoria on March 28, 1867, the British North America Act made Ontario (Upper Canada) and Quebec (Lower Canada), Nova Scotia and New Brunswick a single and united dominion under the name Canada.

It created a federal dominion which included the structure of the government of Canada. Under Section 10 of the act, the administrator of the government is tasked to govern on behalf and in the Name of the Queen.

Section 13 defines the Governor General to act with the advice of the Privy Council. Moreover, the Parliament of Canada includes the Queen, the House of Commons and Senate of Canada.

The British North America Act or the 1867 Constitution Act was enacted by the British Parliament.

It is believed that the federation emerged because of the following reasons: (1) Britain wanted Canada to defend itself, (2) emergence of British-Canadian nationalism,(3) exertion of control over Quebec by French-Canadians, and (4) fears of US expansion.

DOMINION DAY
Signed in 1867, the official celebration of Dominion Day as a public holiday began in 1879 through the sponsorship of Senator Robert Carrall of British Columbia.

Unlike Canada, Dominion Day was only occasionally celebrated in New Zealand in commemoration of becoming part of the British Empire in 1907.

It was Governor General Lord Monck who signed a proclamation to celebrate the formation of the Confederation. However, it was only in 1879 when the celebration was recognized by the Federal Government.

The Dominion status was used by the British Empire between 1907 and 1948 to categorize the self-governing nations under the Name of the Queen. It was accorded to Canada (1867), Australia (1901), New Zealand (1907), South Africa (1910), Newfoundland (1907) and the Irish Free State (1922). India (1947), Ceylon or present-day Sri Lanka (1948) and Pakistan (1947) also became dominions of the British Empire for a short period.

CELEBRATIONS
In the early years of celebrating Dominion Day, local and municipal level organized communal activities such as bonfires, picnics, parades, fireworks, and sporting events.

Every July 1, newspapers in Canada often published materials which covered Canadian history and identity.

The 50th anniversary in 1917 was halted by the First World War.
In 1927, the first federally sponsored Dominion Day celebration was held to commemorate its Diamond Jubilee. The celebration witnessed the first simulcast radio broadcast in Canada. It featured an address by Prime Minister Mackenzie King. Local communities had separate ways to celebrate the Diamond Jubilee.

There are historical parades in Ottawa and Toronto, while Winnipeg celebrates with pageants.

In 1958, Prime Minister John Diefenbaker and Secretary of State Ellen Fairclough led a federally sponsored celebration of Dominion Day on Parliament Hill. It included a Governor General’s speech, a military trooping of the color and a 21-gun salute. Diefenbaker believed that celebrating Dominion Day every year would raise awareness of Canada’s British heritage.

By the 1960s, celebration on Parliament Hill also included folk dances and songs.

In 1967, a televised variety show on Parliament Hill was added in the celebrations. Most promoted Canada’s multiculturalism and -bilin-gualism. In the same year, Queen Elizabeth II joined the celebration.

In the 1980s, a national committee promoted seed funding to celebrate Canada Day. The song “O Canada” was adopted as the national anthem. Speeches on Parliament Hill often included the governor general, prime minister and heritage minister.

In 1981, 15 major Canadian cities began the tradition of simultaneous fireworks display. By 1984, the National Capital Commission or NCC organized Canada Day activities in Ottawa.
In 2010, Her Majesty Queen Elizabeth II and His Royal Highness the Duke of Edinburgh joined the celebrations. The following year, their Royal Highnesses Prince William and Catherine, the Duke and Duchess of Cambridge participated in the activities on Parliament Hill.

In 2017, the Prince of Wales and The Duchess of Cornwall attended the festivities. In the same year, the Bank of Canada released a commemorative $10 banknote for Canada 150th anniversary.
Despite being a federal holiday, Canada Day was overshadowed by Quebec’s National Holiday celebrated every June 24. The National Day was a festivity brought by the French in Canada and the United States.

Canadians in many parts of the world also celebrate Canada Day. At Lan Kwai Fong, Hong Kong, Canadian expatriates celebrate on June 30. In London, Trafalgar Square is used to celebrate this day.

I hope you have a wonderful Canada Day and keep in mind all we have to be grateful for and grateful to!

Take care.
Best Regards,

LEONA LEE-HARRISON
Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302

Feel free to call me if you have any real estate questions or needs!
I am truly hear for you!

LEONA'S THOUGHT FOR THE DAY!Happy Mother's Day to all those mothers, step-mothers, grandmothers, aunts, sisters, and peo...
05/12/2024

LEONA'S THOUGHT FOR THE DAY!

Happy Mother's Day to all those mothers, step-mothers, grandmothers, aunts, sisters, and people, who inspire, support, guide with wisdom, give of themselves unconditionally, love endlessly, and simply genuinely care about others! Happy Mother's Day to You!

May you know that you matter more than you realize!

Your loving actions have a ripple effect on those you touch!

Your good acts do not go unnoticed or unrewarded!

Have a blessed day and let me know if you need any Real Estate help. I'd be honoured to serve you!

Best Regards,

LEONA LEE-HARRISON
Principal Real Estate Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302

Leona's Thought for the Day!Get Ready! The 2024 tax season kicks off Monday. Here's what you need to knowTaxpayers can e...
03/02/2024

Leona's Thought for the Day!

Get Ready!
The 2024 tax season kicks off Monday. Here's what you need to know

Taxpayers can enter FHSA deductions, but expect changes to home office claims

The Canadian Press · Posted: Feb 19, 2024 5:07 PM AST | Last Updated: February 20

Feb. 19 is the first day you can file your taxes online and there are some key changes that will affect the tax filings of many people in Canada.

Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season.

Those filing by paper should have received their income tax package in the mail by now, according to the Canada Revenue Agency (CRA).

Most Canadians must file their tax return by April 30, which is also the deadline to make a payment for those who owe money to the government.

Canadians who are self-employed, along with their spouses or common-law partners, have until June 15. Since that day falls on a weekend, the CRA will consider a return to be on time if it is received by or postmarked on or before June 17.

Self-employed Canadians must still pay money owed to the CRA by the April 30 deadline to avoid paying interest.

FHSA, home office claims among changes
This marks the first year that taxpayers will be able to enter deductions on the First Home Savings Account (FHSA), a type of tax-free account rolled out by the federal government last year to help Canadians save on their first home.

"Your contributions to the FHSA are tax-deductible, while your withdrawals — as long as you use them for the down payment of a purchase of your first home — are tax-free," said Gerry Vittoratos, a national tax specialist with UFile.ca.

The First Home Savings Account allows prospective homebuyers to start saving for up to 15 years once they open an account, with an annual $8,000 deposit cap and a lifetime contribution limit of $40,000. Contributions are tax-deductible, and withdrawals are tax-free. (Evan Mitsui/CBC)

The program allows prospective homebuyers to start saving for up to 15 years once they open an account, with an annual $8,000 deposit cap and a lifetime contribution limit of $40,000.

Canadians who've opened this type of account will receive a new slip called the T4FHSA, which will provide the details needed to complete your tax return, Vittoratos said.

CBC News spoke with several experts last year who weighed in on the potential upsides — and downsides — of the First Home Savings Account and what it could do to make home ownership more accessible.

WATCH | CBC News dug into the potential benefits, downsides of the FHSA last year:

Financial institutions and employers have until the end of February to send tax slips to the CRA. So most taxpayers might not even get their slips until early March, "and that's really the kick-off of the season," Vittoratos said.

Canadians might also notice that the temporary flat-rate method for claiming employees' home office expenses — such as rent, electricity, internet and office supplies — is no longer available, John Oakey, vice-president of taxation at CPA Canada, wrote in a post on the organization's website.

• A court battle between the CRA and the Toronto Maple Leafs captain could be pivotal for other pro athletes
From 2020 to 2022, eligible employees could claim $2 for each day worked from home due to the COVID-19 pandemic. up to an annual maximum of $400 in 2020 and $500 in 2021 and 2022. Employers were not required to complete and sign a T2200 form, nor were employees required to keep documents to support their claims.

For 2023 and future years, employees must now follow the CRA's detailed method to make these claims, Oakey wrote.
Tax credit for some multigenerational families

Taxpayers also no longer have to apply for advance payments of the Canada Workers Benefit when they file their tax returns, Oakey said. Those payments are now issued automatically to those who were eligible to receive the benefit in the previous tax year.

He also noted that taxpayers can now claim the Multigenerational Home Renovation Tax Credit. It's a refundable credit meant to assist with the cost of renovations that create a secondary unit for a senior or adult eligible for the disability tax credit.

Don't forget, I am here for you should you be looking to make a move this year or just want some property information! Don't hesitate to call me!

Have a blessed day.

LEONA LEE-HARRISON
Broker of Record/Owner
The Extra Mile Realty
Cell: 902-930-3302

Leona's Thought for the Day!This month I’m sharing how the desire to be closer to family, as well as significant milesto...
02/17/2024

Leona's Thought for the Day!

This month I’m sharing how the desire to be closer to family, as well as significant milestones in people’s lives and the declining mortgage rates, help to create a pent-up housing demand. I’m also sharing some of the benefits of living near loved ones.

If you're thinking of making a move this year, call me. I'll help make it a smoother, more enjoyable transition.

Make it an amazing day! Be kind to yourself and others!

Remember…If you're thinking of making a move in 2024, I’m here for you! Call me. I'll help make the transition a smoother and more pleasant one!

LEONA LEE-HARRISON,
Broker | Owner
Cell: 902-930-3302

Licensed Realtor Since 2004!
If you could weigh experience, it would be worth its weight in gold!

The Extra Mile Realty
E-mail: [email protected]
Website: www.the-extra-mile-realty.ca

Leona's Thought for the Day!The Provincial Forecasts for 2024 and 2025 are in, along with January's Stats.  Check them o...
02/10/2024

Leona's Thought for the Day!

The Provincial Forecasts for 2024 and 2025 are in, along with January's Stats. Check them out and let me know if you have any questions at all.

Have a blessed day and feel free to reach out to me if you're looking to make a move in 2024! I'd love to help you!

LEONA LEE-HARRISON
Real Estate Broker/Owner
The Extra Mile Realty
Cell: 902-930-3302

Bank of Canada starts 2024 by keeping its benchmark interest rate at 5.0%Be the expertJan 24, 2024The Bank of Canada cit...
02/03/2024

Bank of Canada starts 2024 by keeping its benchmark interest rate at 5.0%
Be the expert
Jan 24, 2024

The Bank of Canada cited the ongoing risk of inflation for its decision to maintain its overnight benchmark interest rate at 5.0%.
We summarize the Bank’s observations below, including its forward-looking comments on the state of the economy, inflation and interest rates.

Canadian inflation
CPI inflation ended the year at 3.4% and the Bank expects inflation to remain close to 3% during the first half of 2024 “before gradually easing” and returning to the Bank’s 2% target in 2025
Shelter costs remain “the biggest contributor to above-target inflation”

While a slowdown in demand is said by the Bank to be reducing price pressures in a broader number of CPI components and corporate pricing behaviour continues to normalize, core measures of inflation are not showing sustained declines

Canadian economic performance and outlook
The Bank notes that the Canadian economy has “stalled” since the middle of 2023 and believes growth will likely remain close to zero through the first quarter of 2024

Consumers have pulled back their spending in response to higher prices and interest rates, and business investment has contracted
With weak growth, supply has caught up with demand and the economy now looks to be operating in modest excess supply
Labour market conditions have eased, with job vacancies returning to near pre-pandemic levels and new jobs being created at a slower rate than population growth. However, wages are still rising around 4% to 5%

Global economic performance and outlook
Global economic growth continues to slow, with inflation easing “gradually” across most economies

While growth in the United States has been stronger than expected, it is anticipated to slow in 2024, with weakening consumer spending and business investment

In the euro area, the economy looks to be in a mild contraction
In China, low consumer confidence and policy uncertainty will likely restrain activity

Oil prices are about $10 per barrel lower than was assumed in the Bank’s October Monetary Policy Report (MPR)
Financial conditions have eased, largely reversing the tightening that occurred last autumn

The Bank now forecasts global GDP growth of 2.5% in 2024 and 2.75% in 2025 compared to 2023’s 3% pace

With softer growth this year, inflation rates in most advanced economies are expected to come down slowly, reaching central bank targets in 2025

Outlook
The Bank believes that Canadian economic growth will strengthen gradually “around the middle of 2024.” Furthermore, it expects household spending will likely “pick up” in the second half of 2024, and exports and business investment should get a boost from recovering foreign demand.

The Bank also suggests that continued “spending by governments” will contribute “materially” to economic growth in Canada through the year. Overall, the Bank forecasts GDP growth of 0.8% in 2024 and 2.4% in 2025, roughly unchanged from its October projection.
Taking all of these factors and forecasts into account, the Bank’s Governing Council decided to hold its policy rate at 5% and to continue to “normalize” the Bank’s balance sheet.

The Bank’s statement went on to note that Council “is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation” and wants to see “further and sustained easing in core inflation.” The Bank also said it continues to focus on the balance between demand and supply in the economy, inflation expectations, wage growth, and corporate pricing behaviour.

As it has said consistently over the past year, the Bank will remain “resolute in its commitment to restoring price stability for Canadians.”

Although the Bank did not say it, the bottom line is we will have to wait and see what comes next.

Next touchpoint
March 6, 2024 is the Bank’s next scheduled policy interest rate announcement.

Make it a great day! Be kind to yourself and others!

LEONA LEE-HARRISON,
Broker/Owner
The Extra Mile Realty
902-930-302

Address

1121 King Street
Lindsay, ON
B4V1C3

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