Beat the heat and your energy bill

During the hot days of summer, Canadians can dread opening their energy bill. Running air conditioning for extended periods comes at a heavy price. Here are a few tips to help you beat the heat and save on energy costs:

• Reduce direct sunlight by adding shutters or blinds.
• Consider an exterior awning to create shade.
• Ensure your attic is well insulated. This can save both cooling and heating costs.
• Consider replacing poorly insulated windows, a major culprit in energy loss.
• Invest in a programmable thermostat

Little things can add up to big savings over time. Wondering what energy-saving home improvements have a big impact on your home’s resale value? Contact your local Coldwell Banker real estate professional, Gary & Debbie.

Updated market forecast for 2019

The Canadian real estate market is looking to be active in 2019, with both national sales and prices on the rebound, according to the latest industry forecasts.

The Canadian Real Estate Association (CREA) updated its 2019 national MLS^® sales forecast on June 15th. The latest CREA forecast predicts that national MLS^® sales activity will rebound next year to 474,800 units, although expected to remain below the record levels seen in 2014 – 2017.

The national average price is also forecast to rebound, increasing by 3.8% in 2019 to $518,300, exceeding the previously forecast price, says CREA.

Of course, this is just ‘the big picture’ on the national front. Home prices can vary dramatically between regions, within neighbourhoods, and even on the same street. For a more detailed look at home sale activity and resale prices in your area, contact your local Coldwell Banker real estate professional, Gary & Debbie.

What’s worth improving?

One of the questions most asked by homeowners when renovating is “What’s worth doing?” The answer depends on what you want to get out of it. Is your main goal to improve your property value, or increase your enjoyment of your home? How long you plan to stay in the home should also be considered.

If you’re thinking about your home’s resale value, be aware that the cost of professional improvements don’t necessarily translate into adding that same figure onto your resale price. A home’s list price is essentially a reflection of the demand from buyers for a home’s features and location.

Kitchens and bathrooms are frequently the deciding factors in buying a home, so they can be good areas to focus on. Even if you’re not planning on selling just yet, we would be happy to talk to you to discuss what features are in demand by buyers in your area, and to advise you on where to get a good return.