Category Archives: Newsletter

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.

Winter 2020 Newsletter

A Winter ‘tune-up’ for your home

Winter is a time of year when many of us resolve to get ourselves in trim, but what about a “tune-up” to keep your home operating at top efficiency?

A good place to start is improving your home’s energy efficiency. For a modest investment, a thermostat timer will allow you to pre-set temperatures to use less fuel when you’re asleep or away. Dimmer switches will also reduce energy and save you money.

Your home ‘tune-up’ should include a check of fire alarms and carbon monoxide detectors (batteries should be changed twice a year). Also, clean or replace the air filters on your furnace, or consider having a furnace inspection to ensure its running safely and performing at top efficiency.

Want to know more about keeping your home running at optimum levels, and preserving its future resale value? Contact us, and let’s talk real estate.

Forecast for 2020 upgraded

The latest industry forecast for Canada’s real estate market has been upgraded, indicating an even more active year for sales and average price. On December 16, 2019, The Canadian Real Estate Association (CREA) upwardly revised its 2020 national forecast to predict MLS® home sales will rise by 8.9% this year, to reach 530,000 units, led by sales increases in BC and Ontario.

Prices are also expected to move up this year, with the national average approaching $531,000. Of course, this is just the ‘big picture’ on the national front. Sales and pricing can vary dramatically in different markets. For a closer look at sales and prices in your area, contact us.

Keep it simple when making an offer

An active housing market is usually good news for the seller, while buyers may be in competition when you make an offer. Generally, the fewer conditions in your offer, the more it will appeal to the seller. Getting pre-approved for financing can be a good start in keeping your offer clean and simple.

Your offer will also be more appealing if you accommodate the terms the seller sets out in their listing. Details such as a closing date may have great importance to the seller. If you change the terms, you increase the likelihood that the seller may counter your offer. This means that the entire offer is refused and everything can come back up for negotiation, including price. Ask us for guidance on preparing an appealing offer.

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.