Tag Archives: summer 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 – Summer 2019 issue

Affordable kitchen ‘facelifts’

The kitchen is the heart of the home, so investing in a few affordable upgrades here can not only add to your enjoyment, but potentially improve your home’s resale value.

As a general rule, the more visible an improvement, the better your chances for a good return at resale. For example, a new water heater won’t have the visual impact of a new sink and faucet. A fresh coat of paint is one of the least expensive ways to refresh your kitchen’s look, so why stop at just the walls? Repainted cabinets or tile paint on your backsplash are a great refresh that can deliver one of the best returns on your investment. Don’t forget the finishing touch of replacing your handles with updated hardware.

Lighting is also an affordable way to improve the look and function of your kitchen space. Under counter lighting can illuminate your workspace and add ambiance to your kitchen, while pendant lighting can add a modern flair.

Not sure what’s worth doing? Gary & Debbie, your Coldwell Banker professional, can advise you on how changes may impact the future resale value of your home.

Canadian forecast upgraded for 2020

Canada’s real estate market will experience growth both this year and next, according to the latest industry forecast. On June 14, The Canadian Real Estate Association (CREA) upwardly revised its national forecasts for 2019 and 2020. CREA predicts national MLS® home sales will rise by 1.2% this year, to reach 463,000 units. Sales are expected to improve by a further 4.4% next year, with 483,200 homes expected to be sold in 2020.

Prices are also expected to edge up next year, with the national average approaching $490,000. For a closer look at sales and prices in your area, contact Gary & Debbie, your local Coldwell Banker professional.

Consider resale value when you buy

Buying a home can be a great long-term investment, but sometimes homeowners find they need to move again within a short time. That’s why it’s so important to consider a property’s potential resale value when you buy.

Your local Coldwell Banker professional can share valuable information about the average price of homes in your market, historical appreciation of one area versus another and planned developments that may affect property values in the future. They can also advise you on what features may increase – or potentially reduce – a home’s value and appeal. This includes features already in the home or future improvements you may be planning. So when it’s time to buy, remember to talk about resale with Gary & Debbie, your Coldwell Banker professional.