Category Archives: Newsletter

Home News Summer 2020

Canadian Home Sales Rebound

Canadian home sales have rebounded more quickly than many had expected, to return to normal levels in the month of June. According to statistics released on July 15 by the Canadian Real Estate Association (CREA), national MLS® home sales rebounded by a further 63% in June, returning them to normal levels for the month – some 150% above where they were in April. National Inventory of homes for sale has reached a 16-year low, prompting high competition for available listings.

Based on preliminary tracking, CREA predicts an even stronger July ahead. Of course, this is just the national picture. For a closer look at real estate sales and pricing in your local market, contact your Coldwell Banker professional.

Energy Smart Ways to Beat the Heat

During the hot days of summer, many Canadians open their energy bill with a sense of dread. Here are a few tips to help you beat the heat as you 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.

Create an Appealing Offer

In an active housing market, when demand exceeds the supply of homes for sale, buyers may find their choices limited, or may even be in ‘bidding wars’. One way to make your offer more appealing, is to accommodate the seller’s terms as closely as possible. For example, if the seller wants a different closing date than what you’d prefer, measure its importance against the value of presenting a clean offer without anything for the seller to object to. What may be a minor consideration to you might have great importance to the seller.

It’s important to remember that if any aspect of an offer is revised, then the entire offer has been refused. That means everything can come back up for negotiation again, including price, or other buyers can enter the picture. Contact us for more tips on how to create an offer that will be most appealing to the seller.

Home News Spring 2020

Virtual house hunting

In today’s stay-at-home environment, some prospective home buyers have put off their search, at least for now. It may surprise you to know that real estate activity is continuing, while keeping a safe distance. You can get a head start on your home search with some help from technology and your local real estate professional.

Responding to the constraints of the pandemic, more homes are now being promoted with virtual tours, offering a 360° view of every room. Some listings even offer live virtual walk-throughs by the agent, with the questions answered in real time. Other ground-work, such as researching the neighbourhood to locate schools and shopping, or investigating future developments that may impact resale value can go forward now.

The safety and comfort level of our customers is our priority. Contact your Coldwell Banker professional to learn what options are available and choose what’s right for you.

Canadian home prices stay stable

As expected during the pandemic, Canadian MLS® home sales fell sharply in April, according to statistics issued by the Canadian Real Estate Association (CREA). But while the number of transactions declined last month, sale prices have held relatively steady in markets across the country.

The national average price for homes sold in April was $488,000, down only slightly by 1.3% from the same month last year. Excluding Canada’s most active and expensive markets, Greater Vancouver and Greater Toronto, the national average reduces to $392,000, 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 detailed look at resale prices in your area, contact your local Coldwell Banker professional.

Welcome Spring with a splash of colour

At a time when many of us are spending more time at home than ever before, it’s a great time to perk up your surroundings with a fresh coat of paint. Keeping your décor neutral, with soft, light colours will create a feeling of spaciousness. Strong colours can then be introduced on a limited basis, such as on just one accent wall to add drama.

Starting with a more neutral backdrop, you can welcome Spring with a splash of colour. Introduce colourful accents like throw pillows, area rugs or artwork in bright shades to make your room ‘pop’. Your accents can easily be changed with the seasons to refresh your look throughout the year.

If you would like further information on any of the above topics, or others, please provide us with your contact information and we’ll be in touch.