Guelph Real Estate News

Guelph Real Estate Blog

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A weblog to help people stay informed about the Guelph Real Estate Marketplace. Updates include News, Views and Other Issues. Please feel free to post your comments, thoughts and ideas.

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When to Repair or Replace a Broken Heating System

(ARA) - With the mercury already dropping and colder weather starting to settle in, the last thing any homeowner wants to deal with is a broken furnace or boiler. But when an old heating system fails in the middle of winter, homeowners will be faced with...

Posted to Guelph Real Estate Blog by Karl VanHeyst on 11-20-2008

Filed under: Home Inspection, guelph home Inspector
Beat the Winter Blahs with Home Decorating Projects

(ARA) - For many of us, the return of winter means six months of snow, sleet and colder temperatures that force us to take cover indoors. Being stuck inside month after month can leave anyone a little bored. That's what makes winter an ideal time...

Posted to Guelph Real Estate Blog by Karl VanHeyst on 11-20-2008

Filed under: Home Inspection, guelph home Inspector
Notes for 2009

If the current state of the U.S. mortgage and real estate markets are any indication of what is in store for the same markets in Canada for 2009 we will likely see a few of the following things: Many people will exit the real estate and mortgage broker...

Posted to Guelph Real Estate Blog by Christopher Bisson on 11-19-2008

Filed under: Mortgages
Bailout or Stimulus?

Well here we are again talking about “Bank Bailouts”. I thought after the elections were over, the news would focus on other issues (maybe some positive issues?) We have had numerous inquiries this week about our banking system and the possibility...

Posted to Guelph Real Estate Blog by David Weber on 11-13-2008

Filed under: Guelph Real Estate
Water Softeners

To explain why water softeners are beneficial and how they work, one needs to understand the differences between hard and soft water. It is presumed in this document that the water you are using meets all health regulations and is known to be safe. What...

Posted to Guelph Real Estate Blog by Keith Langlois on 11-07-2008

Filed under: Home Inspection
Obama the Victor ~ But what does that do for Rates?

The world seemed to breathe a sigh of relief in anticipation as the polls rolled in on Tuesday, showing Obama the likely winner in the Presidential Election in the USA. As the winner of the election, Obama will have a key task: putting confidence back...

Posted to Guelph Real Estate Blog by Christopher Bisson on 11-05-2008

Filed under: Mortgages, Real Estate Investing
Guelph Real Estate Statistics - October 2008 (Residential)

Looking at the numbers this month, we are definitely heading into (if not already in) a Buyer's market here in Guelph. The dollar value of sales from last October to this October has dropped almost 26% and the number of units sold declined almost...

Posted to Guelph Real Estate Blog by David Weber on 11-04-2008

Filed under: Guelph Real Estate Statistics
Equity Repositioning to Increase Net Worth

The "Smith-Manoeuvre" isn't a new concept, but a guy named Fraser Smith wrote a book about using your mortgage as a financial tool to build net worth as opposed to just using it as a loan when buying a house. The Smith Manoeuvre has also...

Posted to Guelph Real Estate Blog by Christopher Bisson on 10-31-2008

Filed under: Mortgages
Current Global Economy and Guelph Real Estate

Over the last week, I have had numerous emails from clients and the public asking about how the current Global Economic situation is affecting the Guelph Real Estate Market. We’ve heard about declining housing starts, falling existing home sales...

Posted to Guelph Real Estate Blog by David Weber on 10-28-2008

Filed under: Guelph Real Estate
What Does the Future Hold?

In the market for a mortgage right now or know someone who is? There are a lot of people who are worried that mortgage rates are going to climb pretty high, which has made more and more of them decide to look at longer term fixed rate mortgages. But a...

Posted to Guelph Real Estate Blog by Christopher Bisson on 10-21-2008

Filed under: Mortgages
Guelph Property Assessments Up 19.5% on Average

Well, after three years, the Municipal Property Assessment Corporation (aka... MPAC) have sent out their new assessments. You should have already received yours or should be receiving it shortly. I'm sure you will all be happy to know that the average...

Posted to Guelph Real Estate Blog by David Weber on 10-17-2008

Filed under: Guelph Real Estate
Spot and Kitty?!?

I had a very interesting experience recently when showing a condominium to a Buyer Client of mine. We casually walked up to the door of the unit, knocked and waited for an answer. ( I always like to knock before entering even when we have confirmation...

Posted to Guelph Real Estate Blog by David Weber on 10-16-2008

Filed under: Home Staging
What will tomorrow bring?

Well today is the day... election day?!? It will be interesting to see how things pan out. I am sitting here wondering what will dominate the news headlines tomorrow? Let’s see, the election will be over, the stock markets are making a come-back...

Posted to Guelph Real Estate Blog by David Weber on 10-14-2008

Filed under: Guelph Real Estate
Guelph Real Estate Statistics - September 2008 (Residential)

Month of September 2007 2008 Dollar Volume ($000) 48817.8 46707.2 Unit Sales 199 217 Average Price ($) 245,316 215,241 New Listings 377 418 Active Listings 745 820 Percent Change (%) September 2007 to September 2008 Dollar Volume -4.3 Unit Sales +9.0...

Posted to Guelph Real Estate Blog by David Weber on 10-08-2008

Filed under: Guelph Real Estate Statistics
Variable Still the Way ~ Why Else are Banks Discontinuing These Products?

This week's Rate Watch will be a little longer than usual, given the changes that have taken place in the mortgage market. Firstly, please be advised that all new Variable Rate Mortgage (VRM) mortgage applications submitted as of today will likely...

Posted to Guelph Real Estate Blog by Christopher Bisson on 10-08-2008

Filed under: Mortgages
Stand Firm

I can't remember a time when I received this many calls from clients asking if they should lock into a 10 year fixed-rate mortgage. While ING's 10-year rate at 5.55% is quite attractive compared to the other mortgage options at this time I don't...

Posted to Guelph Real Estate Blog by Christopher Bisson on 10-06-2008

Filed under: Mortgages
Where's the Trigger for a Canadian House Price Crash?

An article came across my desk yesterday. It was the September 30th. issue of the CIBC World Markets StrategEcon. The full publication was 12 pages long, but there was one article that really caught my attention entitled "Where's the Trigger...

Posted to Guelph Real Estate Blog by David Weber on 10-04-2008

Filed under: Canadian Real Estate
Guelph - Re/max Real Estate Centre Expands Presence

Mississauga, ON (October 3, 2008) – As part of their on-going strategy to increase market share in the region, RE/MAX Real Estate Centre has acquired RE/MAX Select offices in Orangeville and Shelburne. “The acquisition of RE/MAX Select clearly...

Posted to Guelph Real Estate Blog by David Weber on 10-04-2008

Filed under: Guelph Real Estate
A Question Everybody is Asking..

I couldn’t hold back any longer, I have to say something... after all, it has been a rough week. The media has done a great job on both sides of the border of forcing the main focus of the election to the economy. I cannot wait for the elections...

Posted to Guelph Real Estate Blog by David Weber on 10-02-2008

Filed under: Guelph Real Estate
Secured Line of Credit - Use it as a Financial Tool

Some people think their Secured Line of Credit (SLOC) isn't a mortgage, when it actually is. The key word is "secured", meaning secured by the house. These types of mortgages are very useful, however not enough people consider arranging...

Posted to Guelph Real Estate Blog by Christopher Bisson on 09-29-2008

Filed under: Mortgages, General Real Estate, Real Estate Investing
Infectious Exuberence? – Say what?!?

That is exactly what my question was when an article was sent my way from the July/August 2008 issue of the Atlantic Montly ( www.TheAtlantic.com ) The caption at the top of the article read “Financial Bubbles are like epidemics – and we should...

Posted to Guelph Real Estate Blog by David Weber on 09-22-2008

Filed under: General Real Estate
After the Flood — A Homeowner’s Checklist

After a flood, it’s important to restore your home to good order as soon as possible to protect your health and prevent further damage to your house and belongings. Whether you do the work yourself or hire a contractor, this handy checklist will...

Posted to Guelph Real Estate Blog by Keith Langlois on 09-22-2008

Filed under: Home Inspection
Kudos to Guelph's Planning Department Re: Walmart

It was reported in the Mercury and Tribune yesterday that city council voted in favour of Wal-Mart’s (6&7 Developments) application to expand its commercial presence at the intersection of Woodlawn and Woolwich St. I have to compliment the planners...

Posted to Guelph Real Estate Blog by David Weber on 09-17-2008

Filed under: Guelph Real Estate
Guelph Real Estate Statistics - August 2008 (Residential)

Month of August 2007 2008 Dollar Volume ($000) 69466.2 55790.2 Unit Sales 281 223 Average Price ($) 247,211 250,180 New Listings 413 356 Active Listings 751 819 Percent Change (%) August 2007 to August 2008 Dollar Volume -19.7 Unit Sales -20.6 Average...

Posted to Guelph Real Estate Blog by David Weber on 09-17-2008

Filed under: Guelph Real Estate Statistics
What They SOLD for...

I was just reviewing the some of the sales last week on the MLS(R) and found the following very interesting; Last week in the southend of Guelph, a 1505 sqft 2 storey detached home was asking $289,900 and sold for $290,000 in just 6 days! Also in the...

Posted to Guelph Real Estate Blog by Tom Davidson on 09-15-2008

Filed under: Guelph Real Estate
Bank of Canada Leaves Rate Unchanged

The Bank of Canada will likely not adjust its overnight lending rate for the remainder of the year because of slowing economic activity (GDP) until 2009. As it turns out Bank of Canada left its rate unchanged yesterday (September 3rd, 2008). This is great...

Posted to Guelph Real Estate Blog by Christopher Bisson on 09-04-2008

Filed under: Mortgages
Rates will Likely Drop

It's been a while since I have written about the bond and stock market, and their role in the mortgage market. Yesterday saw stock markets, the Loonie, and bond yields all drop. When the stock market drops, the "return" (perceived or otherwise...

Posted to Guelph Real Estate Blog by Christopher Bisson on 08-26-2008

Filed under: Mortgages
Canada Flat While Local Markets Outperform

CIBC World Markets recently reported that total MLS Resales (units) are down a little more than 2% over the same time period last year. This means that unit sales will likely land flat for the year when compared to last year. Prices are following suite...

Posted to Guelph Real Estate Blog by Christopher Bisson on 08-20-2008

Filed under: Mortgages
Professional Home Decor Tips For Selling, Staying and Going Green

(ARA) – Despite a slumping economy, home improvements remain a popular investment for homeowners. With paint rollers and hammers in hand, they’re getting the most out of their home-improvement dollar with do-it-yourself projects that make...

Posted to Guelph Real Estate Blog by Karl VanHeyst on 08-19-2008

Filed under: Home Maintenance

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