Monday, November 1, 2010

Suzanne Dutoy : A service with the sign of Excellence

Suzanne Dutoy has a lot to offer as a Realtor:
- A solid education: MBA (Master in Business and Administration), Scholarship for Excellence-Broker (2007) – RE/MAx

- Expertise in credit risks and considerable skills in project management and negotiations

- A smiling, fully motivated agent

- The personalized welcome you love to get

- The dynamics of efficient and rapid service

- The assurance of total availability

- The guarantee of absolute seriousness in carrying out the mandate

- The reassuring certitude that there is finally someone you can trust

- Her specialties: bringing sellers and buyers together

Here is one of the great properties that Suzanne has waiting for you :
Luxury on the lake! Located on a large lot directly on the lac St-Louis with a superb view on Baie d'Urfé. Relaxing site, only 15 minutes from the Island of Montreal.

The plan of this home is great due to the great layout
divisions, separate dining room, elegant living room,
cordial family room, exceptional kitchen including an
island, and to top it all off its solarium has a direct
view on the lake.

Enjoy the fairytale like sunsets on the water.

Feel like you are on a country vacation year round!

Visit more rooms of this lovely property by visiting Suzanne's Web Site:  http://ow.ly/32SD9

For more information regarding The West Island , visit Agents par Secteur : http://ow.ly/32SF3

Thursday, October 14, 2010

Gina Lavoie, Real Estate Broker in Lasalle, Qc

For 24 years now, Gina has been very active in the Atwater market district (south west) as an experienced professional real estate broker. Well-known for her communication skills and her honest and efficient approach, her customers benefit from her expertise and her knowledge of the real estate market. Having lived and worked in this region, she can negotiate the best possible price and can also offer you excellent advice.

Graduated in administration, Gina worked in this domain before getting interested in real estate. She also acquired many years experience in a family firm in retail business. She started her career with ‘’ The Permanent’’ and joined the Sutton Group in 1994.

Your satisfaction is her priority; from beginning to end. She advises you in the process of buying or selling and will pay particular attention to all the details of the transaction. Gina has many sales to her credit including more than 29 transactions already this year. It is said that she really works for her clients and it’s the truth. She will offer you a highly professional service that will meet your very best expectations.


For a satisfactory transaction with complete peace of mind,
contact Gina Lavoie.
Office : 514-861-3000
Fax : 514-364-3649
E-mail : glavoie@sutton.com



Monday, July 26, 2010

Designer's house whispered 'art deco'

- You've heard of the horse whisperer? Trevor Compton is more of a house whisperer.

The local interior designer says often, a house "speaks" to him about the kind of decor that suits it best, like his own, flat-roof, 1950s home, in which he found the perfect showcase for his collection of art deco furnishings and collectibles.

While art deco dates from the 1920s and '30s, some 20 years or more before his own North Glenora house was built, Compton has found the perfect marriage of the two in the clean lines and architectural esthetic they share.

The art deco movement encompassed a range of styles over those years, from soft curves and flowing lines in the 1920s, evolving into a harder, more architectural look in the 1930s, he says. His collection spans the gamut of styles.

His 3,000-square-foot house, which he bought seven years ago, was built in the art moderne style by a local architect for himself and his family. "He would have trained in the '40s, when they still would have had that art deco esthetic, but he did all kinds of things that were new at the time," like adding double-glazed windows, weeping tile and insulation, says Compton.

"I've tried to restore it, rather than renovate it. The house really spoke to me. It said art deco, kind of a Hollywood glamour," he adds. To that end, he's included geometric, leaded-glass inserts in the interior doors and had a matching glass panel made that runs along the side of the main staircase.

His furniture, decorative glassware, clock collection and many other accents are all art deco, amassed over many years of searching here and in Montreal, where Compton used to work as the head of display for the Eaton's downtown store. Since returning to Edmonton in 1991, he's worked at Finesse, Hothouse and now, at Cottswood Interiors as a design consultant.

"I go to lots of clients' houses and sometimes they want to imprint their style on the house and they don't allow the house to speak," he says. "Sometimes the house speaks a language that's quite definite as to what kind of style it should be."

He recalls one woman in a flat-roof house like his who had decorated the home in a Victorian style. "It was such a jarring disconnect between what the house style should have been and what it was. She actually did the house a disservice."

But that doesn't mean a particular house can take only one style of decor, he adds.

The prior owners of his house had decorated it in an ultra-modern, almost space-age style that worked very well in the home, though it was built more than 50 years ago.

"This clean-line esthetic can take an art deco look, it can take a '50s look, it can take a really contemporary look. ... This era of house was really a kind of chameleon for lots of design styles that would come after it was built," Compton says.

The house has been modernized in many ways, especially in the kitchen and bathrooms. Compton has also changed the doors and windows, but has tried to maintain the same graphic, clean lines of the house.

He has also added beautiful outdoor spaces, including a "plaza" on his front lawn that includes gorgeous landscaping, a water feature, sculptures and outdoor furniture. On the second floor, a large balcony includes a smaller water feature and a dining area.

"It's a real entertaining house," says Compton.

His modern kitchen opens to a large dining area and living room. A second, smaller and more intimate dining room used to be the owner/ architect's office. Now it's filled with an art deco dining suite and collectibles.

But soon, Compton hopes it will take on someone else's personal style, as he's selling his home and downsizing to a condo.

Our thanks to :
Marta Gold, Edmonton Journal

Wednesday, June 23, 2010

How to make your home as easy to maintain as possible

Copy of a great article by Marc Atiyolil, celebrity designer

Dear Marc:

I am a mother of three and have a full time job. When it was just my husband and me living in our house, I found it easier to maintain and clean. There was less traffic and I had more time available to dust and clean because I didn’t have my kids to take care of. I have to say with my kids being at a young age, I want to spend time with them when I get home, as opposed to having to clean for hours at a time, and then put them to bed. I don’t want to be remembered as the mom who never spent time with her kids. Can you give me tips on how I can make my home easier to maintain so that I have more time to spend with my kids?

— Beatrice

Dear Beatrice:

It is understandable that you want to spend time with your children when they are young because they won’t be young forever. Every homeowner struggles between having a designer space and being able to maintain this beautiful space they have created. Let’s face it, some of the spaces we consider “chic” would take us hours to clean and dust.

As a working mother, you must prioritize and customize your design to fit your lifestyle. Your first step to modifying your design is to figure out exactly how much time you have to maintain your home. Once you have determined the amount of time you have to clean and maintain, you will be better able to decide what stays and what has to be changed.

The first thing that most parents have in their homes that is not necessary is an excess of accessories. They clutter up our homes, take hours to dust and the kids usually end up dropping them and they break. So, why do we clutter up our homes with accessories? Homeowners think the more accessories they have, the better. Well, this is not the case. Examine the designer spaces seen in magazines. These spaces are usually simple and use distinct accessories that add to the overall design. Each accessory is carefully chosen and placed in the room. They are not there because the designer had an extra piece that didn’t fit into any other room in the home so they decided “Why not place it here?”

The trick to decluttering your home is to prioritize your accessories. Which ones actually fit into your colour scheme? If an accessory doesn’t fit into your colour scheme, then it doesn’t belong in your design. There is one exception — if the accessory is a family heirloom or a painting from the kids, you probably want to keep it. Even these elements can easily be modified to fit your design. If grandma’s antique chair doesn’t fit into the colour scheme, have it re-upholstered. If it was grandma’s chair, it’s probably due to be reupholstered to cover up the years of wear and tear and it will look great once it’s redone. In another scenario where it is a child’s painting, change the frame or the matting of the piece to suit your colour scheme. With a creative mind and an eye for colour, every design element can easily be modified to fit one’s colour scheme.

Also look at different colours and textiles when modifying your design. One colour every family should avoid is white. Let’s face it: no matter how much we try to keep it white, it’s just not going to happen. I have white leather chairs in my home and even I, with no children, have to be extra careful because I could stain them simply by sitting on them when wearing blue jeans. White leather is just too much maintenance.

Another maintenance friendly idea is to try to have patterns in your fabrics. Nothing camouflages a stain like a busy patterned fabric. Why do you think restaurants always go with patterned fabrics for their chairs and booths? If a customer spills his drink on the fabric, the restaurant does not have to re-upholster the entire chair. Let’s take this tip of the trade and use this in our homes as well.

There are a number of ways to create a low-maintenance design. The key is to keep things simple and take into account your family’s lifestyle when designing. Ask yourself this question, “who will essentially be using this space when I am done designing it?” The answer to this question will guide you in the right direction to creating your family-friendly design.

Marc Atiyolil, celebrity designer and home trend expert is the editor-in-chief of Canadian Home Trends — Canada’s Home Decor & Lifestyle Magazine, and regular contributor to numerous TV, radio and print media.

Friday, June 11, 2010

Condo board lords

Canada's borders span thousands of kilo-metres from coast to coast. The country is known for its vast expanse and abundance of space. In its urban centres, however, it has experienced steady increases in population density, creating the opportunity, and necessity, for an entire industry of condominium development. I should know. In my zeal to move from the north end of the city to the downtown King West neighbourhood, I became a condo owner, finding it the most convenient (and affordable) way to live downtown. It's a decision that hasn't disappointed. My "commute" to work is a five-minute walk. Everything I need, from a dry cleaner to my favourite yoga studio, is just outside my door. And I no longer have to deal with summers of grass-cutting or winters of driveway-shovelling. But I do have to deal with the condo board.

Oh, the condo board. The focus of a love-hate relationship for many owners. Here's a little background on the way a condo runs.

Where the owner of a detached freehold house may act as the king of their kingdom, the owner of a condominium is more like a citizen in a democratic land. Owners (considered the members of the official-sounding Condominium Corporation, a.k. a the condo) elect a board of directors (also known as the condo board) whose main responsibility is to make decisions about the building, its rules and its maintenance, on behalf of the owners. The board, in turn, hires a property management company, which runs the day-to-day activities of the building, including arranging for maintenance, cleaning and superintendant services.

Members of the board are typically elected on staggered one-, two-or three-year terms, so that the composition of the board is constantly changing to reflect a broad range of expertise and experience. Boards are usually made up of three to seven members (the actual number will be listed in the condo rules and regulations) who are all owners, and new members are elected at the annual general meeting as terms expire. The main responsibilities of the board are to ensure that the building runs smoothly, that owners' best interests are represented and that the value of the condo and its units is maintained. In practical terms, that means the board makes decisions on everything from the condo bylaws, to repairs of common elements. They also set the annual budget, which may include deciding whether there should be a change in maintenance fees paid by owners. With all their power, it may sound like the condo board has the final word on all things condo-related, but board members have their own set of rules to follow; they are governed by the provincial Condominium Property Act, which outlines how they must administer condo rules, how funds are accounted for and how the corporation must save for large expenses.

With condo boards representing such a large and diverse group of owners, all with different ideas, interests and beliefs, it's not surprising that there is often dissent among some owners and the board. While one group may agree with a board decision wholeheartedly, there will no doubt be others that oppose the decision with a vehemence rivalling Lady Gaga's opposition to pants. In my condo, tensions between the board and some owners once rose to a level necessitating lawyers' letters and Internet rants, creating an uncomfortably tense atmosphere that has thankfully subsided. It's understandable how tensions can arise, however, since there seems to be a central belief that, as a homeowner, I can do whatever I want with my property. In a condo, this freedom is significantly limited. Renovations, outdoor decor, even the colour of my blinds, are all governed by the rules of my building and administered by the condo board. As we all learned in the sandboxes of our youth, when you share space with others, you have to learn to share and play nice.

One way to ensure your ideas are heard is to become a member of the board. It's not for everyone. Sitting on the board requires a significant investment of time and effort, but board members have the power to vote on decisions that directly affect their home. On the other hand, they're also on the receiving end of owners' questions, comments and complaints on what can feel like a daily basis. So before volunteering to run for any board position, weigh the pros and cons, and figure out if you're the right person for the job. Board members should have the time and energy necessary to serve their position well and become educated about the inner workings of the Condo Corp.; the condo board at my building meets monthly, but communicates informally with owners on a day-to-day basis. They need to have excellent listening skills, great teamwork skills and a sense of diplomacy that will come in handy during disagreements with owners, or even the other board members. They need to be patient, hardworking, flexible and, above all, they must keep the owners' best interests as the central focus for every decision.

Love them or hate them, condo boards are a fact of life for condo owners. The best way to handle them is to become well-versed in the condo's rules and regulations, to maintain a sense of humour and grace and, if you're up for some hard work, run for a position on the board and become a key player in running your building.


Thank you to : National Post

http://agentsbysector.com

Wednesday, June 2, 2010

House prices to fall next year

A “demand-driven downturn” will drive house prices lower by the end of 2011, the association which represents the country’s 100,000 real estate agents said Wednesday.

In an updated market forecast, the Canadian Real Estate Association said the national average resale price will reach a record $325,400 by the end of this year, a gain of 1.6 per cent from current levels.

And while most markets are expected to post “modest” price gains in 2011, lower prices Ontario and British Columbia will drag the national average down by 2.2 per cent.

Its January forecast called for a 1.5-per-cent decline.

“With interest rates soon expected to rise, Canada is widely believed to be entering a typical demand-driven downturn due to recent prices increases and rising interest rates,” said the organization’s chief economist Gregory Klump.
Tougher mortgage qualification rules and the threat of higher interest rates caused many buyers to jump into the market sooner than they may have otherwise, he said, effectively stealing sales from the second half of the year.

“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,” the association said in a statement.

“It has 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 and in 2011.”

CREA expects 490,600 units will be sold this year, a 5.5 per cent jump over 2009 and the second highest level on record. Sales will drop by 8.5 per cent in 2011, however, compared to its previous forecast of 7.1 per cent.

There is no threat of a “U.S.-style housing price correction,” CREA said, because of “Canada’s solid mortgage market trends, conservative lending practices, and prudent borrowing by home buyers.”

The report echoes a recent reports, which have also predicted prices will move lower in the next year. CIBC World Markets economist Benjamin Tal said last week that prices could fall by as much as 10 per cent in the next two years.

TD Bank suggested last month prices could fall by 2.7 per cent in 2011, while Canada Mortgage and Housing Corp. called for higher prices in 2011, with an anticipated gain of 1.3 per cent.

From: Steve Ladurantaye
Globe and Mail Update


http://agentsbysector.com

Thursday, May 20, 2010

Condo Buying : Brushing up on the Basics




Information provided by Kathleen Waters, vice-president, TitlePLUS

No matter if you're a seasoned homebuyer or a first-timer, you need to know about the many unique aspects of purchasing a condominium before you buy one. A good first step is to familiarize yourself with some condo basics, as outlined in this article. Then, before you buy, talk to your real estate lawyer who will not only be able to answer your questions but may also raise some specific issues you?ll want to discuss with the seller (or developer) before you ink the deal.

What is a condominium? A condominium is a residential structure in which the living space called the ?unit? (e.g., apartments or townhouses) is individually owned as a piece of real estate while the land and common elements (e.g., elevators, hallways and/or sidewalks) are jointly owned by all of the unit owners.

A condominium unit could be a suite in a high-rise tower, a townhouse or even a detached house. Each unit is given a legal description based on the space that it occupies.

Storage lockers and parking spaces may also be created as units within the condominium or they can comprise part of the common elements designated for the exclusive use of a specific dwelling unit.

The condominium corporation operates the condominium and the land. The unit owners elect a board of directors to oversee the running of the condominium corporation, including financial decisions. The board may contract out the day-to-day workings of the condominium (e.g., paying of utility bills for the common elements, cleaning the common elements, snow removal, etc.) to a property manager or property management company, or may run the day-to-day workings of the condominium itself.

What kind of condominium do I want to purchase? Types of condominiums in Ontario include:

Common elements condominiums: In a common elements condominium, you own the freehold land and the building(s) on the land. There are no specific units. You also own a percentage interest in the common elements. For example, homes could be freehold but roads and facilities, such as a recreational centre, could be common elements.

Phased condominiums: In a phased condominium development, different parts (e.g. new units or new recreational facilities) of a single condominium can be built in phases. As each phase is constructed, it is added into the already existing condominium corporation.

Vacant land condominiums: In a vacant land condominium, you purchase the land as a unit in the condominium. Then, you may decide what type of structure, if any, will be built on the land, subject to restrictions in the condominium's Declaration.

Leasehold condominiums: In leasehold condominiums, you own a unit and a share of the common elements, subject to the ground lease of the property on which the units and common elements are constructed. The initial term of the lease must be between 40-99 years, and the owner of the leasehold unit can sell, mortgage or lease the unit without the consent of the landlord.
Standard condominiums: Standard condominiums are those that aren't defined as the other types of condominiums (i.e., common elements condominium, phased condominium, vacant land condominium or leasehold condominium).


Fabienne Malenfant
http://agentsbysector.com

Thursday, May 6, 2010

A conversation with a home staging specialist :Yves Doyle, affiliated real estate agent from la Capitale du Mont-Royal

Yves Doyle, affiliated real estate agent from la Capitale du Mont-Royal*
The small world of real estate
Volume 2, Issue 5 – May 2010
A conversation with a home staging specialist
We have the pleasure, this month, of interviewing Lucie Desrochers, who specialises in home staging and interior decorating. Lucie works regularly with Yves on home staging projects.
The small world of real estate: How did you become a specialist in home staging and interior decorating?
Lucie Desrochers: I’ve been dreaming of home decorating since I was young… As life is made of a succession of detours, it’s only now, after having spent 16 years as a real estate agent that I’ve finally made the switch. I studied interior decorating at the end of the 90s, beginning of 2000, and I’ve always had a good eye for it. Home staging is a natural evolution for me.
TSWRE: What more do you bring your clients when they consult you for a home staging project?
LD: The keen eye of a specialist who knows exactly how to set furniture and objects, where to hang pictures, how to free up some space as well as what to keep and what to get rid of.
TSWRE: Do you work mostly with real estate agents or is your clientele more diversified?
LD: My home staging projects are almost always done in collaboration with agents who send me their clients when an intervention is deemed necessary to improve the odds of selling the property rapidly and at the best price. I also have a home decorating clientele who consult me because they’ve seen my website or because I was recommended by a former client.
TSWRE: What aspects of your profession do you particularly enjoy?
LD: The home staging projects are my favourite ones for the short term results that they bring but mostly for the challenge of transforming an ordinary space into something a lot nicer with what is available in the house. It’s often a huge challenge but it always turns out great. It’s like magic!

Here is an example of Lucie’s work. These pictures from her website (www.luciedesrochers.com) were taken during a home staging project in a condo on Parc Lafontaine:










See next month’s newsletter for the conclusion of the interview...

*La Capitale du Mont-Royal CHARTERED REAL ESTATE BROKER
1152, ave du Mont-Royal est Montréal (Québec) H2J 1X8
Office: 514-597-2121 Fax: 514-597-0712 Cell: 514-812-7582
ydoyle@lacapitalevendu.com www.yvesdoyle.com
© 2010 Anne Marie Joly — conception and translation — amjoly@aei.ca
© 2009 Lucie Desrochers — photos www.luciedesrochers.com

Tuesday, April 20, 2010

Yves Doyle, affiliated real estate agent from La Capitale du Mont-Royal

The small world of real estate
Volume 2, Issue 4 April 2010

Internet and real estate: friends or foes?
How many real estate websites are there in Canada? No less than 400! According to an article on canoe.ca, 85% of people use the Internet to buy or sell their house. The social networking sites have also begun to transform the picture. Indeed there have been cases of people selling their property in just a few days after having sent a message to their Facebook and Twitter contacts. What exactly is the role of the Internet in the resell business? According to Yves, who has been following the trend over the last 10 years and who quickly realized that a website can make all the difference in the world, the Internet is a definite must. That said, one must not think that “tweets” will erase real estate agents from the map. Of course, it is possible to get a quick sell — without the help of an agent but with the contribution of real estate websites — for one’s lovely-two-bedroom-condo-on-the-Plateau-at-the-market-price. But will it really be the best price the owner could have gotten? We will never know because the property was not shown on the actual market. When the situation is a tad more complex, such as an undivided apartment, a plex located out of the mainstream or a property sold without legal warranty of quality, the owner will have to contact a real estate professional if he really intends to sell his property within a reasonable time frame. Yes, the future of real estate transactions depends on the Internet and the use of social networking sites but no, real estate agents are not on the endangered species list…!

Yves’s website in numbers
According to Google Analytics data for www.yvesdoyle.com from February 5 to March 7, 2010, there were 890 visits (including 668 absolute unique visitors). There was a traffic peak on February 8 and March 1st, when the monthly newsletter was put online. Visitors came from 5 countries, as follows: Canada (872), France (8), United States (6), Australia (3) and Haiti (1). On average, each visitor looked at 4.75 pages/visit and spent 2,36 minutes on the site. Finally, 65.51% of traffic was made up of new visitors. Keep reading and we’ll give you more stats at the end of 2010.


2009 Performance Gala
Just a few words to underline Yves’s fine performance as a solo real estate agent (remember he worked only part of 2009 as a solo agent): he was ranked 64th of the top 100 solo real estate agents of La Capitale in the province of Québec!


La Capitale du Mont-Royal
CHARTERED REAL ESTATE BROKER
1152, ave du Mont-Royal est
Montréal (Québec)
H2J 1X8


Office: 514-597-2121
Fax: 514-597-0712
Cell: 514-812-7582
ydoyle@lacapitalevendu.com
www.yvesdoyle.com

© 2010 Anne Marie Joly — Copy Writing and Page Setting

Fabienne Malenfant
Relationist
Agents by Sector

http://agentsbysector.com

Friday, April 16, 2010

National sale increase for Canadian Homes

Due to continuing affordability, the Canadian Real Estate Association (CREA) is calling for a national sales increase of more than 13 per cent this year compared to 2009.

It predicts about 527,300 resale homes will likely change hands this year -- a total that would surpass the existing 2007 record by 1.2 per cent.

Canada's economic health is improving at a faster pace that predicted, says deputy chief economist Doug Porter of BMO Capital Markets. "We're heading back to pre-recession levels on a number of indicators quite a bit faster than I think most people believed possible, despite concerns over how this would be a lacklustre recovery," he says.

Gross domestic product (GDP) was originally expected to grow by 3.7 per cent in the first three months of this year, an estimate Porter says could now be low.

Productivity is up 1.4 per cent and manufacturing sales are up 2.4 per cent.

"These figures suggest there's upside risk to that forecast and we could ultimately see something like we saw in the fourth quarter, when the economy barrelled ahead at a five-per-cent annual pace," say Porter.

In tandem with a resurging economy, consumers are taking advantage of low interest rates to get into home ownership, says CREA. Those low rates are expected to boost housing demand in the first half of this year, but will decline for the final six months because of expected hikes in mortgage rates as early as June.

The decline is expected to spill over into 2011, when sales could fall by just over seven per cent, says the association.

"Although interest rates are expected to rise, they will still be low enough to keep affordability within reach for many homebuyers," says CREA president Dale Ripplinger.

Indications are that rates will climb between 25 and 75 basis points (one per cent equals 100 basis points).

But Porter says "risks are growing" that the Bank of Canada will do more than hike by 25 basis points at each of its four meetings in the second half of this year.

Gregory Klump, CREA's chief economist, sees marginal increases.

"Fiscal restraint, a strong Canadian dollar and a subdued inflation outlook point to marginal interest rate increases over the next couple of years -- especially if the U. S, economic recovery proves to be weak and protracted," he says.

With sales activity pointing up in Canada, average prices will follow.

CREA numbers show a predicted 5.4-per-cent increase to the national average selling price to a record $337,500. In 2011, the price will likely slip back 1.5 per cent, again shadowing a decline in sales.

Thank you to Marty Hope for this article

http://agentsbysector.com

Friday, April 9, 2010

Housing market heats up


Royal LePage Q1 Survey: Real estate firm cites 'low borrowing costs, improving consumer confidence'

Although it experienced uneven growth nationwide, the Canadian housing market was generally buoyed by strong consumer demand in the first quarter of 2010, according to the Royal LePage House Price Survey released yesterday.

"The first quarter of 2010 continued where 2009 left off, with more Canadians enthusiastically participating in a rejuvenated residential real estate market," Phil Soper, president and chief executive of Royal LePage Real Estate Services, said in a release. "One of the earliest sectors of the economy to return to growth after the difficult recessionary period, the housing sector has been a prime beneficiary of low borrowing costs and improving consumer confidence."

House prices were up across all key housing types surveyed by Royal LePage, with the average price of a detached bungalow in Canada rising 11 per cent to $329,209 in the first quarter, compared with the first quarter a year earlier. Standard two-storey homes rose 10.3 per cent, to $365,141, and standard condos were up 10.9 per cent, to $228,963.

The survey, which looks at 250 neighbourhoods coast to coast, found three different trends across the country.

The first pattern, seen in urban centres like Toronto, Vancouver and Victoria, was a roller-coaster effect in which prices dropped sharply, then rose dramatically to levels that exceed pre-recessionary prices. The second trend saw non-stop growth in markets like Halifax, Ottawa, Regina, Saint John, St. John's and Winnipeg. The third pattern saw level markets, where house prices have remained relatively unchanged in centres like Montreal, Calgary, Edmonton and Moncton.

The report notes, however, that price increases in all markets are expected to ease in mid- to late-2010.

"Even in our most frenzied pockets of market activity, the inevitable rise in interest rates coupled with home price appreciation will rein in demand as affordability erodes," Soper said.

"Expect house prices to continue to rise, but the rate of appreciation should ebb steadily, month by month, throughout the remainder of the year, as balance returns to the industry."


Thank you to the :

Financial Post


Wednesday, April 7, 2010

Does CREA rules on MLS ?

The Commissioner of Competition recently made an application to the Competition Tribunal claiming that the Canadian Real Estate Association (CREA) uses control of the Multiple Listing Service (MLS) to impose exclusionary restrictions on the use of MLS.

The commissioner claims CREA rules on MLS lessen or prevent competition and deny consumers the benefits of competition in the Canadian residential real estate services market. CREA maintains it has adopted the MLS rule changes proposed by the commissioner. However, the commissioner remains unsatisfied with CREA's changes. It has sought redress from the tribunal.

The commissioner's challenge hardly matters. Powerful external change drivers are already at work altering the way real estate agents conduct business. These external change drivers are a more disruptive force for change than the heavy hand of government.

Canada's residential real estate industry structure is riveted around MLS. Until recently, CREA rules permitted only agents to place an MLS listing and required that the agent handle all phases of a sale. This included setting a list price for the property, preparing a written description of the home and uploading it to the MLS system, marketing the property, handling buyer inquiries, arranging showings and managing the transaction.

These rules limited the industry to one business model, restricting competition and service innovation. For example, the rules prevented flat fee and "à la carte" service. The MLS rule change adopted by CREA is a good first step that opens the way for service innovation, greater competition and consumer choice. It is only the beginning of more significant change to come to the sector.

Technology, demographics, globalization and social and economic change drivers will have a more profound impact on the sector than enforcement of Canada's competition laws. These change drivers, which will create opportunity for entrepreneurial organizations to innovate, will refocus the industry on the customer rather than on inward preservation of the status quo.

Consumers of residential real estate services have benefited only in a limited way from technology innovation. CREA began to convert MLS from a paper to an electronic system in 1995. While the world is swimming in a sea of technological innovation, the information available for public access on MLS is extremely limited.

For example, MLS does not provide access to listings for homes that have been sold and their closing price, agent fee information and the pricing history of a home. By contrast, U.S. purchasers of residential real estate services have an abundance of information found on real estate sites such as Zillow.com and Trulia.com, which give consumers enormous market power. These sites are effective competitors to Realtor.com, a National Association of Realtors site.

Canadian consumers of real estate services have limited buying and selling information to place downward pressure on house prices and agent fees. It is just a matter of time until an entrepreneurial, innovative, technologically smart organization seizes the opportunity and challenges CREA's lock on the residential real estate market.

Globalization is a significant change driver for most sectors of the economy. Many countries, particularly the United States, are experiencing significant stress in their residential real estate market. The healthy Canadian real estate sector is attractive to foreign organizations. These organizations seeking competitive advantage and differentiation will circumvent CREA rules and focus on the consumer's need for a superior value proposition.

Demographics will affect the long-term health of the residential real estate market. Declining fertility, increased life expectancy and an aging population will change the structure of Canada's population. A house will return to being a place to live rather than a get-rich-quick investment scheme. House prices will decline in the suburbs. Prices in the inner core of cities such as Toronto will stabilize. Demand for large homes will drop significantly.

By 2015, the residential real estate sector will decline as Boomers retire and downsize. This will be somewhat offset by a demand for country homes. New family formation will decline, resulting in reduced demand for new housing. In sum, demographics will negatively affect the residential real estate brokerage sector. The forecast is for a slow decline that will place pressure on the realtor's value proposition, push for service innovation, and place downward pressure on agent fees.

The Commissioner of Competition's task is to ensure that competitive forces determine market outcomes. This objective is often achieved through government intervention. However, intrusion in the market place is a quick fix that fails to have lasting effects and it requires long-term monitoring to ensure compliance. Companies soon learn how to game the system. Eventually the government watchdog is indiscernible from the "regulated" company.

Evolving market demographics, technology, globalization and social change drivers are significantly more effective and more powerful in bringing about change than is government intervention. Change creates opportunity for innovative entrepreneurial organizations. It refocuses organizations away from internal concerns to external consumer needs. Entrepreneurial organizations will cause creative destruction in the sector, bringing innovative services and the benefits of competition to consumers, and greater competitive rivalry to the sector.

In the long term, the commissioner's challenge will not matter.

ehoey@hoeyassociates.com

Eamon Hoey is managing partner of Toronto-based Hoey Associates Management Consultants.


http://agentsparsecteur.com

Saturday, March 20, 2010

Protecting your privacy while selling your home


Selling your home may be difficult, considering that you must open your doors to potential buyers. Your privacy and security may become an issue when showing your home to buyers, so it is important to consider all your options before you welcome someone into your home

For many individuals, it is very important for them to protect their privacy, while others are simply concerned that buyers will make assumptions about them and judge them instead of simply judging their home. However, the importance of protecting your privacy is all the same and that goes for anything personal from financial information, such as check books to banks statements and personal letters.

Private documents: Is it snooping to open a drawer? Not if the drawer is part of a built-in such as a kitchen cabinet or a dining room china cabinet. Buyers can innocently tug on a drawer to inspect its construction or depth and find important documents that you might not intend for anyone to see. If you have a lock on your file cabinet or desk drawer, now is the time to use it.

Don't leave mail where anybody can find it. Lots of sellers leave piles of opened mail neatly stacked on the kitchen counter. Buyers could find out how much you owe department stores or other credit cards. They can tell if you're late on your mortgage payments or other bills.

Remove diplomas and wedding photos from walls: Remove personal effects from your walls. From diplomas and religious artifacts to wedding certificates and personal photos, don't provide buyers with any personal information about yourself or your family. De-personalizing is also an important move to make when staging your home for sale anyway, so you can actually accomplish two things by removing the personal effects from your home.

Wedding photos might give away the seller's religion, as do certain religious artifacts left in the home. Buyers can be prejudiced. Don't give buyers a way to form any opinion about you at all. Don't let buyers form ideas about you from the type of music you like or the literature you read.

Don't leave your computer up and running during showings. Gaining personal information from your computer takes only moments for a professional hacker or thief, so be proactive and shut your computer down before your guests arrive.

Before you put your home in the market, prep it, empty out drawers, stage closets and pack up anything remotely personal including medications. Disassociate yourself with your home - remind yourself that it is a house - a product to be sold on an open market that is bound to see plenty of new faces throughout the term of the selling process.

Thank you to :

Anna Vozza is president of the Windsor-Essex County Real Estate Board


Http://agentspartsecteur.com


Tuesday, March 16, 2010

Canadian home resales

By Alexandre Deslongchamps

March 15 (Bloomberg) -- Canadian home resales fell 1.5 percent to 42,799 units in February, the second straight decline, the Canadian Real Estate Association said today.

The drop was most pronounced in Vancouver and the group said the Olympic Games may have had an effect on sales, according to a statement posted on its Web site. The average resale price rose 18 percent from a year ago to C$335,655 ($329,330), CREA also said.

“Housing markets are becoming more balanced,” CREA Chief Economist Gregory Klump said in the release. “Further expected supply increases will continue to take the steam out of housing markets as the year progresses.”

Canada’s mortgage rates are close to the lowest since the Korean War, spurring home sales and prices as the country emerges from a recession. Housing starts rose to the highest since October 2008 in February, and the government-owned Canadian Mortgage and Housing Corp. predicted on March 2 housing starts will rise this year and next.

The total number of homes for sale fell 15 percent from a year ago to 188,334 units in February, even after 73,849 units were put on the market last month -- the most since October 2008. There were enough homes on the market in February to cover sales for 4.7 months, up from January’s 4.5 months.

--Editors: Paul Badertscher, Andrew Barden

To contact the reporter on this story: Alexandre Deslongchamps in Ottawa at adeslongcham@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net.

Tuesday, March 9, 2010

Canadian Real Estate Market in February

As written in the Toronto Sun .

Canada’s real estate market showed no sign of losing steam in February, with housing starts rising faster than expected and a new survey showing 10% of Canadians expect to buy a home in the next two years.

Seasonally adjusted housing starts were 196,700 in the month, up from 185,400 in January, according to figures from the Canadian Mortgage Housing Corp. That was above analysts’ forecasts for a 190,000 gain.

RBC’s 17th annual home ownership study found that the number of Canadians saying they are very likely to buy a new home rose from 7% two years ago to 10%. The number of people who view their house as a good investment rose to a 12-year high of 91%.

Canada’s real estate market has been one of the main drivers of economic growth, with housing construction helping to power a 5% expansion in gross domestic product in the fourth quarter.

Some economists have forecast that the property market will begin to cool from the second half, when the Bank of Canada is expected to begin raising interest rates and demand and supply of available housing becomes more balanced.

“The gain in February housing starts was concentrated in the multiple starts segment, particularly in Toronto,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre.

Urban multiple starts, or condos, increased by 19.1% to 89,900 units while single urban starts increased by 0.5% to 89,200 units.

Urban starts rose 28.6% in Ontario, 14.3% in Atlantic Canada, 10.8% in the Prairie region and 8% in British Columbia. In Quebec, urban starts dropped 14.1%.

Rural starts were estimated at a seasonally adjusted annual rate of 17,600 units in February.

According to the RBC poll, younger Canadians between the ages of 18 to 24 are likely to lead the market. About 15% said they were likely to buy, almost double the number in 2009.

About 60% also believe housing prices will continue to rise this year, up from just 25% this time a year ago. They also expect mortgage rates to rise, with two-thirds expecting to have to pay more, the bank said.

That belief is being reflected in the choice of mortgage, with 16% opting for a variable rate loan compared with 20% last year.


We would like to thank Ms. Sharon Singleton of The Toronto Sun


http://www.agentsbysector.com


Thursday, January 21, 2010

Four of Canada biggest real estate companies to share listings.



-- Canada’s four biggest real estate companies are close to an agreement to share their listings, the National Post reported.

Century 21, Royal LePage, Re/Max Ontario-Atlantic Canada and Coldwell Banker have met “several times” in the past year to work on an accord under which they could take sales listings from each other’s Web sites and post them to their own, the Post said. Re/Max of Western Canada and Re/Max Quebec aren’t part of the proposed deal, the newspaper said.

The companies say the proposed agreement is unrelated to an inquiry by Canada’s Competition Bureau into a restricted-access system called Multiple Listing Service, which is controlled by the Canadian Real Estate Association, the Post said. The pact could provide realtors with an alternative to the MLS system if it’s modified as a result of the two-year-old investigation, the newspaper said.

For now, only licensed real estate agents who are members of local real-estate boards can post listings on MLS, the Post said. The Competition Bureau has requested the real estate association remove all rules that prohibit or impede the posting of property information on MLS systems, the newspaper said.

To contact the reporter for this story: Frederic Tomesco in Montreal at tomesco@bloomberg.net.



Fabienne Malenfant

Relationist

http://agentsbysector.com


Thursday, January 14, 2010

How to Remodel Your Kitchen Cabinets


Tips to Remodel Your Kitchen Cabinets Economically

If you are willing to put in extra hard work, remodel your kitchen cabinets yourself. This will not only give your kitchen a personal look but also save money. But before doing this, it is of paramount importance to know to what extent you want to remodel the kitchen cabinets. If your kitchen cabinetry is deteriorating very fast, there are 2 ways to remodel or change its look, either refinish the doors or replace the whole cabinetry.

If you think only refurnishing kitchen cabinet doors is enough, go for it as it is a cheaper way to remodel cabinets. First decide on the paint color; if you are interested in doing this yourself, visit the hardware store to get the supplies. Most of the time, people in hardware stores are very supportive help to choose cabinet paint. Also, there are plenty of websites that offer a wide range of kitchen supplies at discounted rates. You can save plenty of dollars by buying material from these websites for kitchen remodeling.

Tips to Remodel your Kitchen Cabinets EconomicallyWhile repainting your cabinet doors, try to match the color of the paint with the overall color theme of the kitchen. Thanks to wide variety of colors available in the market, you will not face any problem in finding a color to match the kitchen theme. This will greatly help to add a new look to your kitchen at economical rates.

However, if repainting is not the solution for your worn-out kitchen cabinetry, you need to replace them. For buying new kitchen cabinets economically, search discount stores and sales shops. You will get kitchen cabinets at low prices there. Also check out online furniture stores where they sell kitchen furniture at discount rates.

Another way to buy cheap kitchen cabinet is RTA or Ready-to-Assemble cabinets. These cabinets are ready to assemble with everything packed including cabinet doors, frames, hinges and drawers. As they are easy to assemble they don’t need any professional help for installation too thus making them an economic deal. They not only help you save money on cabinets but on shipping too.


We are always searching for new ideas for you on the Web

For mor info www.AboutCabinets.net


Fabienne Malenfant

Relationist

http://agentsbysector.com


Monday, January 4, 2010

You want to paint your home yourself ? Here is how


So you are ready to do some home improvement and paint some rooms in your home. Here are a few steps that hopefully will help make the painting process a little easier. First of all what tools and equipment do you need?

• Paint and paint brushes, of course; use the size of paint brush that is easiest for you to hold

• A step ladder if there is any high work to be done

Roller bucket, roller frame, roller knap, roller grid

• Cut pot (for the cut in work around trim etc)

• Drop cloths or other material to cover floors and furniture or other items in the room

• Caulk, caulk gun, wet rag (make certain the caulk is a paintable kind)

• Painter’s tape - the preparation is probably the most important step of a paint job.

• Caulk all cracks and holes making sure to wipe off excess with your finger or a wet rag; remove all nails and hooks from the walls and caulk the holes

• Sand the caulk until it is good and smooth but do not sand it completely off

• Tape around all door frames, door knobs, trim, and any other fixture or item that is not to be removed from the wall or walls

• Put drop clothes or other material on the floor and furniture; make sure to never use plastic on the floor since this is so slick and can cause you to slip and fall

• Once you are certain the caulk is dry you can begin painting; for a lot of people doing the cut in first makes it easier; this simply means that you use a brush to cut in around all trim work, fixtures, and anything you have to get close to

• You are then ready to paint the walls; most people find painting goes quicker and easier if they roll instead of brush; if you do brush, make certain to always look for brush strokes you might leave; either brushing or rolling, it is easier to go from top to bottom

• Make absolutely certain that you go either left to right or right to left; do not start in the middle; and always make certain that you keep your paint bucket on the side of the hand that you use; you never want to have to pull the roller or brush across your body

• If changing colors you will more than likely need two coats; always, always make certain that the first coat is completely dry before beginning the second coat; after the first coat make sure to look at your work and try to "spot" anything you might have missed

• Apply the second coat and look again at the work, looking for anything that might have been overlooked or missed

• Then step back and enjoy your work

But you are not finished. There is the job of cleaning up.

• Unless you use cheap brushes (not recommended unless using oil-based paint), always make sure to clean the brush out with warm water; if you are using oil-based paint it is best to get a brush made for oil paint; you will need paint thinner or mineral spirits to clean a brush used in oil paint

• If you would like to re-use your roller knap (which is really not recommended but can be done; it is best to get cheap roller knaps and throw them away) make certain to clean it also

• There is not really much use to cleaning the buckets since most of the time the paint will dry in them and you can simply peel it out

• Be sure to put the lid back on, very tightly, on any leftover paint and store it in a cool dry place where it will not freeze or get extremely hot (either of these conditions will ruin paint)

Once you are finished with your cleaning process you can simply enjoy your new paint job that you did all by yourself.