Vendu!
83 Pyke Court, Hudson
Listed and sold by Royal LePage Village Hudson
Sold in 14 days!
Sold in 14 days!
Asking price was $979,000
Paul and Diane Laflamme
Royal LePage Village
450.458.5365
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Wednesday, October 3, 2012
Canadian House Prices Edge Up in Third Quarter While the Number of Home Sales Fall
Canadian House Prices Edge Up in Third Quarter While the Number of Home Sales Fall
First-time buyer activity drops as market adjusts to new mortgage regulations
TORONTO, October 3, 2012 – The Royal LePage House Price Survey released today showed the average price of a home in Canada increased year-over-year between 1.8 and 4.8 per cent in the third quarter of 2012.Survey findings indicated that the average standard two-storey home in Canada increased 4 per cent year-over-year rising to $403,747, while detached bungalows rose 4.8 per cent to $366,773. Standard condominiums witnessed an increase of 1.8 per cent to $243,607. Most cities in Canada experienced modest price appreciation in the quarter, but fewer homes were sold compared to the same period in 2011.
“A drop in the number of homes trading hands typically precedes a period of softening house prices. Where there is reduced demand, those who want to sell their homes adjust their asking price to stimulate interest. During the third quarter, unit home sales were positive in July, fell 9 per cent year-over-year in August and we are expecting September to show a decline as well,” said Phil Soper, president and chief executive, Royal LePage. “We had predicted this cyclical change early in the year, a natural market reaction after a period of strong expansion. Changes to mortgage regulations, which took effect on July 9th, accelerated the correction.”
In July, the Minister of Finance announced that the maximum amortization period for insured mortgages would be reduced to 25 years from 30 years. This was the fourth intervention in the mortgage market in just four years and the most impactful. Potential first-time buyers, which in a typical market represent one third to one half of all purchase transactions, felt the changes immediately.
“While hard-hit in the short-term, first-time buyers will adjust to tougher mortgage qualifications. The dream of homeownership is very much alive among young Canadians. They may remain renters for sometime as they save; some will opt for less desirable neighbourhoods and some will purchase smaller homes,” added Soper. “In the meanwhile, we will feel their absence in national sales statistics.”
Canadian consumers were bombarded with troublesome economic news from around the globe during the period, particularly in the early weeks of the third quarter. While this has been a drag on the nation’s housing market and contributed to a slowing in home sale transactions, consumer confidence appeared to rebound in September, which should support activity in the important fall market.
“Policy makers in Canada and the United States have confirmed that the current period of very low interest rates will continue, likely through 2013. This is very supportive of housing market activity and any downward pressure on home prices should be minimal,” said Soper. “And for the first time in six years, sustained positive news from the American housing market should leave Canadian’s more confident about our continued economic prosperity.”
National average house price changes do not always reflect the markets of individual cities, which are closely tied to their local economies. Case in point, some $29 billion in energy related investments are now underway in Alberta and Calgary is expected to lead the nation in economic growth through 2013. The city posted healthy price appreciation for both detached bungalows and two-storey homes, as predicted in previous Royal LePage House Price Surveys and Market Survey Forecasts.
“When the underlying economy of a city is sound and growing, house price appreciation is sustained. Calgary has enjoyed solid growth in home values this year. I have also been very pleased with the growth in commercial brokerage transactions seen in our Royal LePage Commercial business in the region,” said Soper.
Regional Market Summaries
Halifax’s strong employment levels led to average price increases across all three housing types surveyed. Detached bungalows continued to witness the largest year-over-year gains, increasing 8.9 per cent to $293,000. Detached bungalows in St. John’s witnessed the largest average price gains across Canada, rising 9.9 per cent, as mega-projects continue to boost migration.
Despite a decline in market activity, Montreal’s house prices posted healthy increases in the second quarter of 2012. Standard two-storey homes witnessed the largest average price increase, rising 5.5 per cent to $387,786.
Healthy employment in Ottawa’s technology sector balanced job loss in the government sector as the region posted healthy average price increases across all three housing types surveyed, with house price gains ranging from 4.9 to 6.1 per cent.
Average house price gains in Toronto ranged from 2.7 to 5.9 per cent for housing types surveyed. Although demand decreased modestly due to mortgage rule changes, the pipeline of potential buyers continued to put upward pressure on detached bungalows and standard two-storey homes. Multiple offers are still very common in the region.
Winnipeg’s real estate market produced average price gains ranging from 6.5 to 8.3 per cent as first-time buyers remained fairly active, despite recent changes to mortgage rules.
Low inventory coupled with demand created by low interest rates continued to put upward pressure on average year-over-year price gains in Regina. Standard-two storey homes posted the largest increase of 9.8 per cent rising to an average price of $359,500.
Calgary’s healthy market activity and increased consumer confidence has led to house price gains in the third quarter for detached bungalows and standard two-storey homes, increasing 6.5 per cent and 4.1 per cent respectively. Detached bungalows in Edmonton posted strong price gains rising an average of 7.5 per cent in the third quarter, while two-storey homes increased a modest 1.5 per cent and standard condominiums declined 0.6 per cent.
In Vancouver, average house prices posted modest decreases as market activity slowed down during the third quarter. Standard condominiums posted the largest decrease, slipping 3.0 per cent year-over-year to $498,000.
Royal LePage’s quarterly House Price Survey shows the annual change of prices for key housing segments in select national markets. Click here to download the chart
About the Royal LePage House Price Survey
The Royal LePage House Price Survey is the largest, most comprehensive study of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast. This release references an abbreviated version of the survey which highlights house price trends for the three most common types of housing in Canada in 90 communities across the country. A complete database of past and present surveys is available on the Royal LePage Web site at www.royallepage.ca. Current figures will be updated following the complete tabulation of the data for the third quarter 2012. A printable version of the third quarter 2012 survey will be available online on November 2 2012.Housing values in the Royal LePage House Price Survey are Royal LePage opinions of fair market value in each location, based on local data and market knowledge provided by Royal LePage residential real estate experts.
Royal LePage Q3 2012 House Price Survey - Data Chart
About Royal LePage
Serving Canadians since 1913, Royal LePage is the country’s leading
provider of services to real estate brokerages, with a network of 14,000
real estate professionals in over 600 locations nationwide. Royal
LePage is the only Canadian real estate company to have its own
charitable foundation, the Royal LePage Shelter Foundation, dedicated to
supporting women's & children’s shelters and educational programs
aimed at ending domestic violence. Royal LePage is a Brookfield Real
Estate Services Inc. company, a TSX-listed corporation trading under the
symbol TSX:BRE.For more information visit www.royallepage.ca.
Friday, September 28, 2012
Check out www.houzz.com
Check out this website. www.houzz.com
This website on home design, decorating and renovating has it all.
Enjoy!
Wednesday, September 26, 2012
Royal LePage, Genworth Canada announce strategic relationship
Royal LePage, Genworth Canada announce strategic relationship
News
Sep 24, 2012
Royal LePage has a new strategic relationship with mortgage
insurer Genworth Canada. The idea is to better equip agents for
conversations around how much their clients can afford and what options
are available to them.The relationship makes educational resources available to the Royal LePage network on mortgage insurance, energy-efficient refunds, homeowner assistance programs and discounts at select retailers across Canada. It also covers details on government incentive programs, which run the gamut from saving for a home to tax credits and rebate programs. These resources, combined with the advice and guidance of lenders and mortgage professionals, help further enable responsible homeownership, the companies say.
“We are a full service real estate company and Genworth is a premium brand, so this strategic relationship is a great marriage,” says Phil Soper, president and CEO of Royal LePage Canada. “The sharing of insights between Genworth Canada and Royal LePage will serve to better equip our agents to present options to their clients around affordability.”
Changes to the amortization rules around high-ratio mortgages implemented in July might lead some first-time buyers to think they can’t afford a home yet. However, the relationship provides resources and information to help agents educate homebuyers, adding to the value they bring as a full service Royal LePage Realtor, the company says.
“First-time buyers are looking for more from their Realtor than help finding a new home,” says Debbie McPherson, senior vice-president, sales and marketing at Genworth Canada. “Helping Royal LePage keep their clients well-informed on the options around responsible homeownership will, in turn, help them to better service their clients.”
Friday, September 21, 2012
Census: Montreal has an abundance of people living alone
Census: Montreal has an abundance of people living alone
Montreal is becoming a city of singles, be they young and hip or old and grey (and perhaps still hip).
Figures released by Statistics Canada this week detailing the makeup of Canadian households indicate 40.7 per cent of people in the City of Montreal who live in a private dwelling are living on their own. That number is much higher than the Canadian average of 27 per cent, and far above comparable cities like Toronto (32 per cent), Calgary (26 per cent) Ottawa (28 per cent) or Halifax (29 per cent). Only Vancouver, where 38 per cent of residents live in one-person households, comes close.
The percentage of people living alone in Montreal is almost equal to those who are in couple-family households, at 41.1 per cent.
The reasons are myriad: an aging population that lives longer and leads to more widows and widowers; the high number of students in a university town; young families moving to cheaper homes in the suburbs; low immigration numbers.
Whatever the causes, if the trend toward single living continues, demographers warn repercussions could range from an overstressed social services network struggling to cope with the “grey tsunami,” to a metropolis in dire need of funds as young families flee its core.
Montreal’s shift toward single status has been decades in the making,
notes McGill University architecture professor and housing expert Avi
Friedman. Birthrates have been decreasing steadily in Quebec in
comparison to other provinces, leading to smaller households more apt to
become solo households. Montreal also has four major universities with a
total of more than 100,000 students, many who live alone. And our aging
population is living longer.
“We live in a time where life expectancy has increased dramatically (up to 79 years old for men and 83 years for women in Quebec, according to Statistics Canada), which means there will be a large number of single, elderly people ... who want to ‘age in place’ — they do not want to go to a home for assisted living. They want to stay in the comfort of their homes and neighbourhoods for as long as they can.
“This, in my opinion, is the beginning of an avalanche that is becoming the grey tsunami — because their numbers will continue to increase as the baby boomers move from old to old old — past the age of 65 and into their 70s.”
With many of their children moving abroad, it will fall to social services to care for the elderly. Most municipalities in Canada, Friedman noted, are ill-prepared to deal with the coming wave.
Montreal used to take an active role in encouraging social housing, ensuring affordable homes for all, Friedman noted. But as it relinquished that role, market forces took over and “builders build what sells — not affordable homes for families with young kids, but small condos for single people or couples without kids.” With family-sized homes on the island too expensive for young families and somewhat affordable neighbourhoods like Plateau Mont Royal or Notre Dame de Grâce that have smaller residences already packed to the gills, young families have little choice but the outlying areas. Friedman notes that developers are building condos out there, too, at costs that are 30 per cent cheaper than Montreal prices, enticing even more families.
Figures released by Statistics Canada this week detailing the makeup of Canadian households indicate 40.7 per cent of people in the City of Montreal who live in a private dwelling are living on their own. That number is much higher than the Canadian average of 27 per cent, and far above comparable cities like Toronto (32 per cent), Calgary (26 per cent) Ottawa (28 per cent) or Halifax (29 per cent). Only Vancouver, where 38 per cent of residents live in one-person households, comes close.
The percentage of people living alone in Montreal is almost equal to those who are in couple-family households, at 41.1 per cent.
The reasons are myriad: an aging population that lives longer and leads to more widows and widowers; the high number of students in a university town; young families moving to cheaper homes in the suburbs; low immigration numbers.
Whatever the causes, if the trend toward single living continues, demographers warn repercussions could range from an overstressed social services network struggling to cope with the “grey tsunami,” to a metropolis in dire need of funds as young families flee its core.
Montreal’s shift toward single status has been decades in the making,
notes McGill University architecture professor and housing expert Avi
Friedman. Birthrates have been decreasing steadily in Quebec in
comparison to other provinces, leading to smaller households more apt to
become solo households. Montreal also has four major universities with a
total of more than 100,000 students, many who live alone. And our aging
population is living longer.“We live in a time where life expectancy has increased dramatically (up to 79 years old for men and 83 years for women in Quebec, according to Statistics Canada), which means there will be a large number of single, elderly people ... who want to ‘age in place’ — they do not want to go to a home for assisted living. They want to stay in the comfort of their homes and neighbourhoods for as long as they can.
“This, in my opinion, is the beginning of an avalanche that is becoming the grey tsunami — because their numbers will continue to increase as the baby boomers move from old to old old — past the age of 65 and into their 70s.”
With many of their children moving abroad, it will fall to social services to care for the elderly. Most municipalities in Canada, Friedman noted, are ill-prepared to deal with the coming wave.
Montreal used to take an active role in encouraging social housing, ensuring affordable homes for all, Friedman noted. But as it relinquished that role, market forces took over and “builders build what sells — not affordable homes for families with young kids, but small condos for single people or couples without kids.” With family-sized homes on the island too expensive for young families and somewhat affordable neighbourhoods like Plateau Mont Royal or Notre Dame de Grâce that have smaller residences already packed to the gills, young families have little choice but the outlying areas. Friedman notes that developers are building condos out there, too, at costs that are 30 per cent cheaper than Montreal prices, enticing even more families.
Montreal is a classic example of what urban planning experts describe
as “edge cities,” Friedman noted. As more jobs become available in the
suburbs, “we are seeing generations who grow up in places like Dollard
des Ormeaux, go into the city just for university, and spend the rest of
their lives out there.”
The immigrant influx, already low in Montreal compared to other Canadian cities, is also heading off-island for its more affordable housing.
“I think at one point, the face of Montreal will not be too different from Toronto — people who live in the city are either single or young couples, and that’s it. ... We will not have an empty city, but we will have a city where you might see in some places more singles and more retirees.”
rbruemmer@montrealgazette.com
The immigrant influx, already low in Montreal compared to other Canadian cities, is also heading off-island for its more affordable housing.
“I think at one point, the face of Montreal will not be too different from Toronto — people who live in the city are either single or young couples, and that’s it. ... We will not have an empty city, but we will have a city where you might see in some places more singles and more retirees.”
rbruemmer@montrealgazette.com
Read more: http://www.montrealgazette.com/Census+single+person+household+chart/7275480/story.html#ixzz277JMwtRX
Wednesday, September 19, 2012
A new perspective on closing the cottage.
A New Perspective on Closing the Cottage
As fall approaches and the cool weather and shorter days arrive, cottage owners will sadly anticipate the end of cottage season. For many, shutting down their summer sanctuary is a double dose of bad news - not only do lazy days on the dock disappear but they are quickly replaced with the labour required to close the cottage properly.
Fortunately, many cottage owners are beating the blues by celebrating the end of cottage season with a "let's make a good situation out of a bad one" attitude - a sentiment that has become as common in cottage country as Muskoka chairs and mosquito repellent. Many cottagers are inviting guests to celebrate in a "less is more" type of atmosphere during their last days of rural rest. Visitors are sitting on moving boxes and using candles for electricity as they congregate and reminisce about the "unusual amount of mosquitoes" and "Johnny's first swim". For many, this last gathering makes the impending move back to the city a little more bearable.
It's also the perfect opportunity to swindle that neighbour into helping you budge the boat into the garage and the barbeque into the SUV - just two of many essential and equally annoying tasks to complete each autumn. Some imperative and tedious chores that can be completed without your neighbour's help include the draining of plumbing systems and shutting down the electricity. Ensuring that pipes are properly drained will avoid water freezing over, which can lead to flooding in the cottage. To properly drain the system, empty and clean all pipes, valves, tanks and pumps. When shutting off electricity, be sure to first turn off all major appliances as well as the water heater and electrical room heaters. When the time comes to re-open your cottage again, the start-up will be much smoother and safer.
If you're a long-time cottage owner, you know that vermin will do as much as your in-laws to get an invitation to your cottage. For this reason, go beyond hiding food and blocking entrances. Try leaving mothballs or whole cloves as both can discourage unwelcome rodents.
Rodents of another type that need to be discouraged from entering cottages in the off-season are thieves. The ideal tools to combat these seasonal stealers are alarm systems, which have become increasingly common in cottages. A more cost effective approach to security is keeping valuables, such as TV's, out of sight. There are also many companies that specialize in cottage protection that will send employees to your property weekly to ensure its safety. And while these chores may be monotonous - remember next summer is just around the corner!
Luxury for less
Home is where your heart is......
Luxury for Less
Just because you are on a budget, doesn’t mean you have to compromise on style in your home. If it’s time to refresh your décor but you don’t think you have the necessary funds, think again. Here are a few ways you can add a touch of luxury to any room of your home without breaking the bank:
Start with the walls
No room of your home can ever feel luxurious if the paintwork is shabby or wallpaper looks dull or weathered. A new coat of paint or wallpaper is the fastest, and easiest way to a fresh new look. If painting, consider a suede, satin or cashmere finish in a neutral colour for a look of elegance. If wallpapering, consider rich colours, textures or traditional patterns. Use good quality products for best results.
Liven up the living room
Add an instant touch of lavishness with one or two large cushions in rich embroidered fabric, velvet or faux fur. Add warmth to your wood floors with a shag rug for modern décor, Turkish or Oriental style for more traditional tastes. No need to splurge on new lamps, simply update the shades with linen or silk-like material. Give a favourite piece of furniture a makeover with updated sleek metal hardware or repaint with an attractive gloss paint.
Beautify bedrooms & bathrooms
Buy beautiful bed linen when it is on sale. Billowy comforters or duvets with plenty of plump pillows make the whole room look luxurious and inviting. A plush rug for stepping in and out of bed gives a sumptuous start and end to your day. Add plenty of thick fresh towels and large pillar candles in the bathroom to set a pampered scene. Invest in light switch dimmers to create the ambiance you desire.
Get chic in the kitchen
Freshen up cabinetry with new paint or modern hardware and update lighting fixtures. Buy a beautiful tablecloth or table runner and top it off with a potted orchid in an attractive pot. Rather than using every day chipped or stained mugs, treat yourself to a couple of fine china tea cups from a thrift store or good quality coffee mugs for your favourite brew. Then sit back, enjoy tea for two with a friend, and truly savour the moment.
Thursday, September 13, 2012
Your Local Journal - pages 15 & 17
Check out this week's Your Local Journal, page 15 & 17.
http://www.yourlocaljournal.ca/pdf/issue.pdf
Sunday, August 19, 2012
Testimonial
Testimonial from one of our clients and friend!
Diane and Paul Laflamme are
excellent realtors. Their honest personality and professionalism, hard work and
attention to detail will bring success to you whether you are selling or buying
a home. I found that their extra personal touch facilitated the
sale of my home. They are a pleasure to know.
Shelley Lamonde
Shelley Lamonde
February 2012
Monday, July 23, 2012
42 Rollinet, NDIP is sold!!
Vendu!
42 Rollinet, Notre-Dame-de-l'Ile-Perrot
This adorable family home just sold for 99% of asking price!
Seller's are thrilled!
Good luck to Karen and Mark!
May your new life in Calgary be a wonderful adventure!
Tuesday, July 3, 2012
Where are the blueberries?
Fake blueberries -got to see this one!*
We know that real blueberries are full of antioxidantsbut look at what several BIG food companies are doing to make for huge profits. Quite the video. Isn't this something?
Check out this link.
Click here:
http://naturalnews.tv/e-video.asp?v=7EC06D27B1A945BE85E7DA8483025962&s=1
We know that real blueberries are full of antioxidantsbut look at what several BIG food companies are doing to make for huge profits. Quite the video. Isn't this something?
Check out this link.
Click here:
http://naturalnews.tv/e-video.asp?v=7EC06D27B1A945BE85E7DA8483025962&s=1
2012 Royal LePage Recreational Property Report
The press release, entitled “Canadian Recreational Property Buyers Looking To Renters To Make Dream Of Ownership A Reality,” can be viewed here.
http://www.royallepage.ca/en/media/120516-royal-lepage-recreational-property-report-2012.aspx?bottomcontent=874&toolstips=1052&relatedcontent=1074
To view the full report, click here.
http://docs.rlpnetwork.com/RLPRecReport/2012RecreationalPropertyReport.pdf
To view the report price summary, click here.
http://docs.rlpnetwork.com/RLPRecReport/2012PricingChart_EN.pdf
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