Archive for June, 2010

News Release - The Canadian Real Estate Association

Wednesday, June 16th, 2010

 

 

The Canadian Real Estate Association (CREA) has lowered it’s forecast for homes sales via the Multiple Listing Service (MLS) Systems of Canadian real state Boars and Associations. The revision reflects a weaker than expected start to the year in recent developments that pulled forward the timing as to when sales are expected to ease in other provinces.

Additionally, changes to mortgage regulations announced in February are expected to marginally impact activity. The changes prompted some homebuyers to finance their home purchase before the new regulations took effect in April, which pulled forward a number of sales that would have otherwise take place at a later date.

“Interest rates are expected to rise slowly and at a measured pace during a new era of government spending restraint, so home financing will remain within reach for many homebuyers,” said CREA President Georges Pahud.

CREA had previously forecasted sales would remain at elevated levels through the first half of 2010 before easing in the second half of the year and over 2011. While forecasted trend for activity has not changed in CREA’s revised forecast, it as been pulled forward, with the fourth quarter of 2009 marking the peak of national activity. This has had the effect of lowering the forecast for national activity over the rest of the year.

 

MLS Statistic Report

Residential (Single family) Activity by Area

[MARCH 2010]

 

 

Sales/listings                 Average Sale Price      %’age

Area                       YTD                           MONTH                     Change

NOTL                    38%                             $498,357                   -1.20%
Niag. Falls              47%                             $219,610                   5.93%
Fort Erie                 28%                             $231,646                   7.37%
St. Cath                  47%                             $197,450                   1.66%
Thorold                  66%                             $181,577                    -0.15%
Pelham/Fonthill       52%                             $287,650                    5.26%
Welland                 54%                             $171,344                    6.00%
Port/Wainfleet        43%                             $190,125                    6.38%
Linc/West Linc       42%                             $268,093                    2.53%
Out of Board         74%                             $300,681                     4.29%
Total                      44%                             $223,485                    5.51%

 

 

flooring

Wednesday, June 16th, 2010

Nothing makes more of an impact to your space than flooring. Flooring is a key ingredient to your overall decorating mix. Here are some fresh ideas for your floor selection:

Resilient Flooring: Vinyl, Linoleum sheet, tile and cork comes in a wide array of colours and patterns, is highly durable, fairly economical and comfortable. This flooring is thin and shows irregularities over time.

Carpeting: Comes in a wide array of colours and textures. A very comfortable types of flooring, easy to install, fairly economical and absorbs sound. This flooring, easy to install, fairly economical and absorbs sound. This flooring should not be installed in moisture-laden areas.

Laminate Flooring: Very easy to install and maintain. This flooring cannot be refinished and is not recommended for wet or moisture-laden areas.

Wood Flooring – More costly but adds to your home’s value. 

Information was by Kickstarters.ca

Wednesday, June 16th, 2010

 

Sellers seeking divine intervention

Can faith really move homes as well as mountains? By Toby Welch

 

It’s not surprising that home sellers look for help anywhere they can find it. The Catholic tradition of planting a statue of St. Joseph in the front yard of the home you are trying to sell isn’t just for religion zealots. Sales of the St. Joseph home selling kit skyrocket every time the housing market hits a slump. Can faith really move homes as well as mountains?

Where does this belief come from? Rumor has it that St. Teresa of Avila (A.D. 1515 – 1582) had an expanding order that required the building of a new, larger nunnery. The nun’s coffers weren’t full enough to buy the land on which to build the convent so St. Teresa buried medals with St. Joseph’s likeness on the desired property.

Having been born 450 Years too late, I have no personal confirmation of the matter but allegedly the pleas to St. Joseph worked. As centuries flew by, the custom evolved into burying a St. Joseph statue to hasten the sale of a home.

St. Joseph is the patron saint of employment and the home. Joseph was the husband of the Virgin Mary in the Bible, the earthly father of Jesus. He has a history in the real estate world.

Catholic author and Biblical scholar Stephen J. Binz, has written a book on the topic. St. Joseph, My Real Estate Agent: The Patron Saint of Home Life and Home Selling. Binz says “I believe God an work in people’s lives in all sorts of ways without our really understanding them. The book details the life of the saint and explains that burying a statue is a way of asking St. Joseph to look after one’s own family the way that Joseph provided for his own family, Mary and Jesus.

When burying the statue, you can’t just dig a hole and toss the statue inside, there is a protocol to follow. TE most prevalent practice is to bury the statue upside down with his feet facing the heavens, close to the For Sale sign in the front yard. The hole should be three inches deeper than the statue itself. When you insert the statue, it should be facing the direction of the street. The statue should be placed in a burial bag (Usually included in the kit) before being placed in the ground. Apartment and condo dwellers with no outside space should bury the statue in a potted plant on the patio. Before covering the statue with dirt, a prayer should be said to St. Joseph. Most kits come with a card with suggestions on what to say. Once the house sells the statue should be dug up, cleaned off, and placed in a spot of honour in the new home.

Does the St. Joseph statue really work or is it a bunch of babble? Some proclaim it is nonsense yet others are true believers in the statue’s power. Considering that millions of St. Joseph statue home-selling kits are sold every year through websites, religious goods stores, eBay and hardware stores, this custom shows that people are willing to try almost anything when it comes to selling their homes.

REM June 2010 by Toby Welch