Low inventory of single family home listings continues

Posted by Nancy Ball on Wednesday, February 5th, 2014 at 8:44am.

Dear friends, valued clients and colleagues,

As spring draws near, I have to include a spring article for all of you who are as excited as I am for nice warm weather and finally a chance to open some windows for some fresh air and do some spring cleaning! It's all about refreshing and clearing out the stale winter items and bringing in light and airy fabrics and colours. For listings, it's a great chance to take some new pictures to boost activity. Some tips for a quick spring fix AFTER you finish your spring cleaning include:

  • Change out upholstery around the house including cushion covers, bedspreads, and curtain to reflect spring colours like green, pink, yellow, or orange
  • Buy some fresh tulips, store in clear vase with water
  • Clean the yard and driveway to remove garbage and debris left from the winter snow
  • Give the driveway and steps a good sweep
  • Place a pot or two of flowers outside to welcome guests to your house
  • A nice sounding windchime calms visitors and offers a sense of serenity

If you more help with staging your house for sale, please give me a call!

***Please note that CMHC will be raising mortgage insurance rates by an average of 15% effective May 1st for new mortgages only and not those already insured. Please read the "CMHC to raise mortgage insurance rates" article below for more details.***

Yours truly,

Nancy

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Low inventory of single family home listings continues

Lack of choice in single family sector impacts sale growth.

“Demand growth in the single family sector has been restricted by the availability of product,” says CREB® Chief Economist Ann-Marie Lurie. “New listings in this sector fell for the second consecutive month, causing further tightening in an already undersupplied market.”  

Click Here » 

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CMHC to raise mortgage insurance rates

Canada Mortgage and Housing Corp. is raising the rates it charges to insure mortgage loans by an average of 15 per cent.

The federal agency said Friday that the new premiums will go into effect May 1 and apply to new mortgages, not those already insured.    

Click Here »  

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Study says Alberta parents have best choice of schools

Parents in Alberta have the best choice when it comes to schools for their kids, says a new study.

"School choice empowers parents, and a growing body of research confirms that students benefit when parents have educational choices and schools are forced to compete with one another," said Jason Clemens, executive vice-president of the Fraser Institute and co-author of Measuring Choice and Competition in Canadian Education in a release.

Click Here »

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Quebec-based BONE Structure eyes Alberta expansion

A Quebec-based company, which is pioneering the concept of using recycled steel frames that snap together in building construction, is expanding into Alberta and British Columbia.

BONE Structure says its buildings can be put together in less than a week using only a drill with no nails, no cutting, no mould and no waste as the lightweight frames attach similar to LEGO or Meccano.    

Click Here »

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The 8 hour Spring cleaning schedule

Go beyond the weekly dusting, sweeping and mopping to get your home deep-cleaned—all in just one day.

Here is the 8 hour Spring schedule that starts at 9 am with the bathroom:    

Click Here »

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ASK Nancy a question for her to address in upcoming issues! Curious about where the real estate market is heading or need help to sell your house?
ASK NANCY!!!

Q. We have lived in our house for almost 20 years and now want to sell, however, we don't have any permits for any of the upgrades / renos that we did like the basement, deck, etc. Will that pose a problem with potential buyers? What do we do?

A. Buyers will definitely want to see permits. It is best to contact a building inspector to get the necessary permits prior to listing. Give me a call if you need the names of some reputable inspectors.

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