TEAM WEIR NEWSLETTER

JANUARY 2016

David Weir • Donna Weir • Chelsea Weir • Kyle Weir • Victoria Parker

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I’m sure you’ll agree that 2015 was here and gone in the blink of an eye. Once again, Team Weir was busy working hard for you and we are pleased to announce that we ranked #46 of 16,500 Royal LePage Realtors® in Canada thanks to the support and loyalty of our many clients. Most importantly, we helped 234 families buy or sell a home. De-stressing the process with knowledge and commitment to our clients is our mantra! On behalf of our small group of dedicated professionals … Chelsea, Kyle, Victoria, and Donna … I would like to thank you for once again enabling us to be the most productive Real Estate Team within the ProAlliance family.

As in past years, your support has allowed us to contribute to many worthwhile organizations, locally and nationally. In February, we are looking to you to help with a local Food Drive we are sponsoring in aid of the 300 families in need in our area. Our Team will be picking up donations of non-perishable food items on the morning of Monday, 15 February … Family Day! Our Team will match your contributions with a cash donation of at least $1,000. Give more and so will we!

Last year, in celebration of being 10 years as a Top 1% Royal LePage Team, we gave away $500 gift cards to 10 lucky recipients who you can see HERE. Stay tuned to our Facebook page to see how anyone in Canada can win $500 this year!

As we move into February, house hunting season will soon be upon us. Believe it or not, we’ve already sold 11 homes in January! If you’re thinking of selling, now is the time to give us a call to put a price on your house or to give you some ideas about how to get ready to put it on the market. As always, consultations are free!

Don’t forget our Annual Home Buyers and Sellers Seminar will be held at the MFRC again this year. Mark the date on your calendars … Thursday, February 25th 7 – 9 PM. The itinerary will include discussion about home inspections, staging, mortgages, and what you should know if you’re thinking about buying a new construction home. We look forward to seeing you there!

As for the Real Estate market, you can see on the chart below that residential dollar sales for December 2015 were up 7.9% over December 2014. Also of note, 2015 ended with the historical highest Average Sale Price for Residential sales within the Quinte Board jurisdiction at $253,229. This Average Sale Price echoes most of Ontario’s average sale price increases, with really no signs of slowing down. If you would like information specific to your area, just drop us a line.

These figures relate to residential sales only and YTD means to end December 2015.

2015 2014 %Change
Total # of Listings in December 173 188 -8.0%
Total # of Listings YTD 5,687 5,535 2.7%
Total # of Sales in December 156 142 9.9%
Total # of Sales YTD 2,975 2,558 16.3%
Total Sales Dollar Volume December $36,826,428 $34,123,168 7.9%
Total Sales Dollar Volume YTD $706,916,133 $579,085,450 22.1%

Don’t forget to check out our upcoming newsletters and blog updates that we post throughout the year atdavidweir.com or on our Facebook page at facebook.com/teamweir.trenton.

Cheers for now,

David_Signature

CHANGES TO GOVERNMENT-BACKED MORTGAGE INSURANCE

Effective 15 February 2016 the minimum down payment for new government-backed insured mortgages will rise from 5% to 10% for that portion of the value of a home being purchased that is between $500,000 and $999,999. The minimum down payment on the portion below $500,000 will remain unchanged at 5%, and any portion above $999,999 also is unchanged at 20% given that the federal government earlier ceased to back mortgage insurance for properties at those price points. Mortgage insurance is not required if a 20% down payment is provided.

WIRELESS RATE INCREASES

The three largest telecommunications companies, Bell, Rogers, and Telus have raised or plan to raise the prices of their wireless packages in January, and are warning of increases to home phone and internet prices in February. The change affects new customers buying phones – including Apple and Android devices. All three companies also plan to weaken the attraction for bring-your-own-device plans by raising the price of base service.

The price increases are being attributed to the low Canadian dollar which is pushing up the price of new equipment to build out its networks. Also, the telecommunications companies are finding average revenue per user is dropping as people adopt more all-inclusive plans, including long distance and unlimited roaming, prompting price increases for some options.

Canadian networks are powerful and fast, but we pay some of the highest prices in the world. Together, Rogers, Telus and Bell control 89 per cent of the wireless telecom market in Canada.

At the same time, the cost of residential service is rising. Both Bell and Telus have announced price increases effective February 1st on home phone, and internet and TV packages. Rogers has already raised internet prices and plans to boost the cost of TV packages later in February. In March, cable and satellite companies must introduce a $25 ‘basic’ package and offer consumers either a choice of individual channels or small bundles of channels.

Full article available at CBC News.

INEXPENSIVE HOME IMPROVEMENTS

Relatively inexpensive, these simple improvements could boost the value of your home … and maybe help you enjoy it more.

1 PAINT: There’s nothing like a fresh coat of paint to put a new face on a room. One can costs about $42 at your local store.
2 RUG & ACCENT CUSHIONS: Pick up a great throw rug and some accent cushions to add colour, cover flaws, and give a living room new life.
3 A GARDEN: If your house looks less than inviting from the sidewalk, buy a few potted plants for the porch and walkway, or plant your way to a better-looking front yard. Plants are relatively cheap – make a budget and a garden plan ahead of time and put in some sweat equity.
4 A NEW SHOWER CURTAIN: If you have a small bathroom, the shower curtain is probably the thing people notice most when they walk in. You can buy a nice shower curtain for under $20. New towels and a bath mat will complete your bathroom makeover.
5 FRESH SHEETS: Bedding such as a down feather bed, new duvet, and high-thread count sheets are a luxury you can’t afford to ignore.
6 BETTER LIGHTING: Fancier light fixtures, better bulbs, and a few good table lamps will make your rooms look brighter and fresher.
7 WEATHERPROOFING: With the winter months upon up, buy some weather stripping to put around your doors. Also, a smart thermostat can allow you to track your heat use and turn it on and off remotely.

PROTECT YOUR HOME FROM WATER DAMAGE WHEN AWAY

  1. Planning a winter escape? Here are some useful tips to protect your home from the elements.
  2. Leave the furnace on in your home. It’s tempting to try to save on your utilities, but your home should have a minimum temperature of 12° Celsius for your pipes not to freeze in cold weather.
  3. Shut off your water at the source and label your shut off valve in case someone else has to find it.
  4. Turn off the water supply to your washing machine.
  5. Have a friend or neighbour check in on your property regularly to make sure there isn’t any water pooling in your home. Check your insurance policy as there may be a clause specifying how often the house has to be checked when vacant.

 

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DID YOU KNOW?

  • All teas are derived from just one plant: Camillia sinensis. The colour and variety of tea (green, black, white, oolong) depends on the way the leaves are treated.
  • Tea bags were invented in America in the early 1800s and were initially used to hold samples of tea brought from India. Today, 96% of all tea served around the world were made using tea bags.
  • The stimulant found in tea leaves is theanine, an antioxidant whose equivalent in coffee is caffeine. Tea, however, contains about half the amount of caffeine than coffee.
  • Tea is a natural antioxidant, and is rich in vitamins B2, B1, and B6. It is also rich in potassium, manganese, folic acid, and calcium.
  • Tea leaves are a natural means of keeping mosquitoes away. Use slightly damp tea leaves to add the scent of tea to the areas you want to keep insect-free.

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