Newsletter

HOME OWNERS WINTER NEWS LETTER 2020

 
 

Winter 2020 | Volume 18, Issue 1

 
 
 

The price of a home in Canada expected to reach $632,226 in the fourth quarter of 2019

 
 
 

According to the Royal LePage House Price Survey1, the aggregate price of a home in Canada has continued to post steady year-over-year gains during the third quarter of 2019 as the real estate market sustained its recovery from the significant downturn of 2018 and early 2019, following the introduction of the federal mortgage stress test.

The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation's largest real estate markets, showed that the median price of a home in Canada increased 1.4 per cent year-over-year to $630,335 in the third quarter of 2019. When broken out by housing type, the median price of a two-storey home rose 1.3 per cent year-over-year to $738,346, while the median price of a bungalow remained flat at $521,250. Nationally, condominiums remained the fastest appreciating housing type, with the median price rising 3.4 per cent year-over-year to $457,911. Data analyzed contains both resale and new build transactions, provided by Royal LePage's sister company, RPS Real Property Solutions.

"Low interest rates and an outstanding employment picture continue to buoy consumer confidence and support our recovering real estate market," said Phil Soper, president and CEO, Royal LePage. "The collateral damage from the trade war between the U.S. and China has been manageable to date. Barring a full-blown American recession, our outlook for Canada's housing sector is for continued market expansion."

Looking to the fourth quarter of 2019, Royal LePage forecasts that the aggregate price of a home in Canada will rise 1.5 per cent year-over-year to $632,226, which is a 0.3 per cent increase compared to the third quarter of 2019. The 2019 fourth quarter forecast is dependent on consistent economic conditions and no new housing policy changes.

To view the chart with aggregated regions and markets visit rlp.ca/houseprices.

For more regional analysis, visit Royal LePage's media room at rlp.ca/mediaroom.

1 Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions.

 
 
 

Seasonal decorating ideas that last

 
 
 

Many of us love our festive (but short-lived) holiday-themed trimmings, only to remove them after New Year's Eve. Here are some tips on how to achieve a look that lasts!

 
  infographic  
     
   
 
 

Prep your home now for a spring sale

 
 
 

Are you a little restless when icy conditions keep you indoors? If you're thinking about selling your home, ready it for the spring market by completing these tasks now:

Declutter/tidy. Begin packing up tchotchke and personal items. Buyers want to see themselves in the space and imagine their belongings in the rooms. By streamlining the number of photos or artwork on walls, you'll see areas

   
 

that might need cleaning, repair, or a fresh coat of paint.

Downsize. Let go of excessive furniture that doesn't serve a specific purpose. Garage sale apps can help you sell off any purged items.

Make room for storage. Create open areas so buyers can see where they can add shelving, cupboards, or bookshelves.

Build. If you have a wide hallway or large bathroom there might be space for new cabinets, if you have the budget and interest. Home improvements can add to the value of your property.

Give grout new life. When your bathroom looks a little worn, scour and apply fresh grout between tiles. Carefully caulk around the perimeter of your tub. It's an absolute must! Don't cover up dirt; give everything a thorough scrub before making these upgrades.

With a clean, open home you'll be ready to paint, stage, and show your house when the weather warms up!

 
     
   
 
 

Winter home safety

 
 
 

Snow and ice form hazards around your house. Avoid injury by taking precautions after storms arrive:

  1. Protect your trees. Snowfall and windy weather may break tree limbs, causing damage to your home and possibly endangering people and pets. Use a broom to brush away snow after it falls. Don't shake trees; weak or frozen areas might break.

   
 

Be sure to trim back branches close to the house.

  1. Clear paths. Keep walkways and drives slip-resistant by shoveling (or snow blowing) regularly. Use ice melt that is safe for plants and pets to provide traction, including the steps to your home. If you'll be out of town, arrange for someone to do this for you. Some municipalities may fine homeowners for unshoveled sidewalks. Look after neighbours and yourself.

  2. Watch the roof. Clear icicles that might fall on anyone entering or exiting your home. Look out for potential rooftop "ice dams" holding snow and water, causing damage. Remove ice near eavestroughs and be careful not to harm shingles or drains. Better yet, hire an expert to do it.

Snowy scenes can be beautiful, but they're easier to enjoy when everyone's safe and sound.

 
     
   
 
 

Working with teens to prevent family violence

 
 
 

Programs promote safe and healthy relationships

 
 

While emergency women's shelters are an essential – often lifesaving – resource for women and children escaping domestic violence, preventing abuse before it starts has long been a focus of the Royal LePage Shelter Foundation. In addition to granting millions of dollars to shelters from coast-to-coast for critical services like trauma counseling, job training and support for children

   
 

who have witnessed abuse, the Royal LePage Shelter Foundation has also prioritized a 20-year national partnership with the Canadian Women's Foundation (CWF), providing $4 million in funding to support violence prevention.

Whenever Royal LePage professionals from across Canada gather together to raise funds for the Royal LePage Shelter Foundation, these proceeds are earmarked for the prevention of family violence. Each year, a grant is made by the Royal LePage Shelter Foundation to CWF to fund programs in communities across the country that teach youth how to create safe and healthy relationships.

Delivered in schools and community-based locations, Teen Healthy Relationship grantees work with youth of all genders, aged 10-19, on learning about dating and relationship violence, gender stereotypes and online safety.

A recent evaluation of Teen Healthy Relationship programs* found that participation increased teens':

  • ability to articulate the components of a healthy relationship, as well as the appropriate feelings and behaviours associated with healthy relationships

  • sense of equality and understanding that all genders should have the same opportunities; and

  • relationships skills, including effective communication, healthy boundary setting and conflict resolution.

Teens in the programs also experienced positive effects including improved self-esteem and self-efficacy which reduce the likelihood of experiencing or perpetrating violence.

"Taking a long-term view to preventing family violence is an essential component of our work," said Shanan Spencer-Brown, executive director of the Royal LePage Shelter Foundation. "To truly move the needle on family violence we must ensure that future generations are equipped to nurture relationships with one another that are respectful, safe, fair and supportive."

Royal LePage is the only national real estate company in Canada with its own charity. The company pays all of the Foundation's administrative costs allowing the total amount raised to remain in local communities. Learn more at rlp.ca/shelter.

*National Evaluation of the Canadian Women's Foundation's Teen Healthy Relationships Program, 2019-2017. Prepared by Tracy Byrne and Sarah Cunningham. September 2017. Available: https://www.canadianwomen.org/wp-content/uploads/2018/02/THR-evaluation-report-exec-summary-2018-en-FINAL.pdf

 
     
   
 
 
 
 
 
 
 
 
 
  David Parsons  

David Parsons

Sales Representative

905.822.6900

416.566.1884

PARSONS@royallepage.ca

parsonsrealtors.com

 
 
 

1654 LAKESHORE ROAD WEST

Mississauga ,  ON L5J1J3

 

Unsubscribe

 
 

All offices are independently owned and operated, except those marked as indicated at royallepage.ca/disclaimer. Not intended to solicit currently listed properties or buyers under contract. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information.

© 2020 Bridgemarq Real Estate Services Manager Limited. All rights reserved.

Powered by Jumptools

 
     

FIRST TIME BUYER AND SELLER INFORMATION

When you're shopping around for a new home, it's easy to let your emotions take over. This quick list of dos and don'ts can help you keep a level head while you look, and ensure you don't end up with buyer's remorse down the road.

DO a drive-by. Check out the exterior, the street and the neighbourhood. If you can, stop by during the day and in the evening to get a sense of what it's like at different times. See if there are any good shops and restaurants in the area, and if it's a place where you feel comfortable walking around. Check walkability scores of different neighbourhoods here .

DO come prepared. Show up to showings and open houses armed with a list of questions. Take plenty of photos. Sketch out layouts. Measure spaces to ensure your furniture will fit. Write down all the things you love, items that require repair or renovation, elements you're not so keen on. When you're looking at multiple homes, it's easy to get confused – having detailed notes of each visit will help you keep track.

DO look at homes in your price range. It's easy to fall in love with a place you can't afford. Don't bother looking at the ones that are priced out of reach - you'll only be setting yourself up for disappointment, and make yourself feel like you're settling for less than you deserve.

DON'T forget to take stock of storage. There's nothing like moving into a new place and realizing there's nowhere to stow your stuff. Look at closets, basement storage, attic space and outdoor sheds. Where will you keep your vacuum cleaner? Your spare linens and towels? Sports equipment and off-season clothes?

DON'T sweat the small stuff. That harvest gold fridge and the stained basement carpet can both be replaced at a relatively low cost. The scary turquoise dining room can easily be repainted. Watch out for high-cost fixes instead, like outdated electrical or bathrooms that require a complete overhaul.

DO check the water pressure. Run the taps and flush the toilets (separately and at the same time). See if the showerhead blasts water or just gives off an unsatisfying drizzle. And don't forget to check how fast the water heats up. If it's really slow, there could be issues with the heater.

DON'T forget to check the exterior. Look for damp or buckled spots on the siding, peeling paint, loose shingles, cracks in the foundation. A quick look can save you thousands of dollars in the long run.

DON'T overestimate your DIY capabilities. Fixing that leaky faucet? Sure, almost anyone can do that. But renovating the kitchen? Ripping out drywall? Putting in new plumbing? Before you make an offer on a house that's not move-in ready, make sure you're not getting too enthusiastic about what you can actually accomplish. If you think you can do it yourself, then realize you need outside help, you'll be facing some serious costs you didn't factor into the purchase price.

DON'T be afraid to move on. So many buyers get stuck on the idea that another home as perfect as this one will never come along. That's simply not true. New listings come on the market every day, so never assume that there's nothing as good as - or better - out there. Be patient.

Finding a property you love is exciting, but it's a little like falling in love with a person. That initial glow can make you overlook faults that will drive you around the bend a few years down the road. Keeping emotions in check and the long-term future in mind can help you make a smart buying decision – and finding  the home that's perfect for you.