THE HOMEOWNER - Fall 2018 - Volume 16, Issue 4

THE HOMEOWNER Toll Free
Fall 2018 844.310.CORY (2679)
Volume 16, Issue 4
Make sure to checkout our in house listing
Expect an uptick in national home prices magazine that is updated weekly!
following sluggish first half of 2018
Heather & Michael Cory
According to the Royal LePage House In Quebec, the Greater Montreal Area Sales Representative
Price Survey* and Market Forecast Survey, witnessed strong home price increases,
home price appreciation slowed nationally in supported by solid economic performance. Heather Cory Direct - 705-345-1884
the second quarter of 2018, marked primarily In the second quarter, the aggregate price of Michael Cory Direct - 705-715-1381
by year-over-year price declines in the a home in the Greater Montreal Area rose Heather Email - [email protected]
Greater Toronto Area (GTA). 5.9 per cent year-over-year – well over the Michael Email - [email protected]
2.0 per cent aggregate price increase
The Royal LePage National House Price observed nationally. The last time that the Ask us about a FREE
Composite1, showed that the price of a home region’s rate of home price appreciation Property Evaluation!
in Canada increased 2.0 per cent year-over- surpassed the national aggregate was in the
year to $613,968 in the second quarter of second quarter of 20112, when the year- Royal LePage In Touch Realty
2018. When broken out by housing type, the over-year increase in prices in the Greater PO BOX 159-23 COLDWATER ROAD
median price of a two-storey home rose Montreal Area reached 6.4 per cent, versus
0.8 per cent year-over-year to $720,504, 4.7 per cent nationally. Coldwater, ON L0K1E0
while bungalows climbed 1.8 per cent to
$512,979. Condominiums posted a significant British Columbia continues to see the highest
price gain, rising 8.1 per cent year-over-year home prices and appreciation rates in the
to $435,421. Looking ahead, Royal LePage country, including solid double-digit home
forecasts an uptick of 1.9 per cent in home price increases in several Greater Vancouver
price appreciation over the next three months. suburbs. Looking ahead, Royal LePage
experts in the Lower Mainland, however,
“We expect an uptick in sales volumes and have observed slowing market conditions –
prices during the second half of 2018,”said a result of new lending regulations and the
Phil Soper, president and CEO, Royal LePage. B.C. government’s introduction of new tax
“The fundamentals have not changed; the measures targeting the housing market,
economy is strong and unemployment is combined with strained affordability.
very low. We face inventory shortages in our
major cities, with many more people looking To view the chart with aggregated
for homes than the market has available. regions and markets visit
Upward pressure on prices will likely return royallepage.ca/houseprices
to most markets during the third quarter.”
For more information see
In the second quarter of 2018, Ontario saw royallepage.ca/mediaroom
the most significant contrasts yet between
home price appreciation rates in the * Powered by Brookfield RPS.
surrounding Golden Horseshoe cities and
beyond compared to central and suburban 1 Aggregate prices are calculated using a weighted average of the median
Toronto. Factors include a combination of values of all housing types collected. Data is provided by RPS Real Property
buyers seeking affordable detached homes Solutions. Beginning in the first quarter of 2018, seven real estate markets
further out and retirees selling to release were added to the Royal LePage National House Price Composite. The new
equity in their GTA property. regions are smaller markets in Ontario, Alberta, Quebec and British Columbia.
Due to the relative size of the markets, any change to the Royal LePage
National House Price Composite is expected to be within 0.15 per cent.

2 According to historical data from RPS Real Property Solutions.

royallepage.ca

Fall tips for the

perfect spring garden

Autumn is the perfect time to lay the groundwork for a gorgeous spring garden.
Experts say this time of year is critical for how your yard will look year-round.

1 Early in the fall, repair dead spots on your lawn by 3 Fall is the ideal time to plant a deciduous tree
digging straight down, as deep as necessary to — the soil is still warm and holds oxygen that
remove all the soil containing roots. Fill the hole will encourage root growth. Plant your tree
with new soil and stamp down to turf level. Seed about six weeks before the deep frost. Be sure
the area with a mix that matches your existing to prepare a large hole, almost five times the
grass. Be sure to water regularly for the seeds to
4 width of the root ball.
2 germinate and sprout. Add a little lighting to extend the beauty of your
For bountiful flowerbeds, combine one part blood garden through the winter months. Light pale
meal, one part bone meal, and one part wood trees such as birches with back floodlighting.
ash to scatter over bulb beds for beautiful blooms Sling tiny lights over a shrub or tree to give
come spring. your winter garden a whimsical aesthetic.

Putting
down roots.

Fall is the perfect time for
tree-planting. Why not share
the experience with your
family and watch them,
both, grow up together.

DIY quick & easy
home repairs

No matter what your level of expertise, there are plenty
of small fixes you can do around your home with
relative ease. Our experts have compiled advice for
four common repairs that any homeowner can do.

Fill cracked drywall. Using a taping knife, smooth a piece of nylon Repair a sticky sliding glass door. To clean the tracks, vacuum
drywall tape over the crack, working from the centre toward the each door by moving it to one side and then the other. Afterwards,
edges. Cover the tape with a thin layer of joint compound and let clean the tracks with denatured alcohol. Spray the upper track with
dry. Apply a second coat, feathering at the edges. Sand, prime, and silicone spray and rub paraffin wax along the lower one.
repaint the area.
Re-caulk a bathtub. Remove the old caulk. Tape above and below
Silence squeaky floors. Scrape the joints between your the joint that needs caulking and fill the tub with water to weigh it
floorboards to remove dirt, and then sprinkle a little baby powder down and open the joint. Squeeze a thin bead of caulk along the
between the squeaky ones. Bounce up and down on the area to open joint. Use your index finger to smooth out the caulk; remove
work the powder into the joint. tape and wipe away excess with a damp rag. Let it dry according to
the products instructions.

Popular sustainable flooring options

Colour, surface texture, room usage and price all come into play when homeowners commit to a flooring style.
One thing homeowners don’t have to compromise on is their selection of green options.

Here is a list of popular products:

Salvaged wood. Buying reclaimed lumber continues to get easier
for those shopping online. In some instances, it’s even less expensive
relative to the cost of new hardwoods.

Bamboo. High abundance and a natural look make sustainable
bamboo an attractive flooring option. Bamboo grows to maturity in
three to five years, about a quarter of the time it takes to grow trees
used for hardwood. It’s great choice for a room with low humidity.

Linoleum. Unlike vinyl flooring, which is a synthetic product made
of chlorinated petrochemicals, linoleum is manufactured from
natural compounds that include linseed oil, cork dust, various tree
resins and ground limestone. With natural, renewable elements
used in manufacturing, the popularity of this eco-friendly flooring
option continues to rise.

Cork. Like bamboo, cork is quickly renewable. Cork has
antimicrobial properties to reduce allergens, is fire retardant and
provides a comfortable feel under foot. Cork flooring can be finished
in a variety of paints and stains, complementing any room setting.

Celebrating 20 years

of restoring hope and rebuilding lives

In 1998, the Royal LePage Shelter Foundation was This is why women’s shelters serve a vital role in our
established to support women’s shelters and domestic communities and why Royal LePage offices and agents
violence prevention programs. Not content to simply raise funds for their local women’s shelter in a variety of
write a cheque, Royal LePage set out to embed a ways, including:
philanthropic culture within its offices across Canada,
engaging Royal LePage professionals to support close • donating a portion of their commissions;
to 200 women’s shelters in the communities in which
they live and work. • organizing unique and entertaining fundraising events;

Since that time, Royal LePage sales representatives, • donating and bidding generously in the company’s
broker/owners and staff have helped to raise more than legendary silent and live auctions; and
$27 million for the Royal LePage Shelter Foundation,
making it Canada’s largest public foundation dedicated • participating in the National Garage Sale for Shelter,
exclusively to funding programs that aim to put an a one-day charity garage sale which marked it’s 10th
end to domestic violence. Royal LePage covers the annual event this past Spring and which has now raised
foundation’s operating costs so 100% of all donations $3 million.
are directed to the cause.
Contributions to the Royal LePage Shelter Foundation
Royal LePage Shelter Foundation supporters continue help women find safety, work through their traumatic
to have good reason to contribute. Did you know? experiences, and build confidence and self-esteem.
The shelters we support help women create lives for
• Half of all women in Canada over the age of 16 have themselves and their children that are free from violence
experienced at least one incident of sexual or physical and filled with hope rather than fear.
violence.
The Royal LePage Shelter Foundation also raises the
• Each year in Canada, an estimated 362,000 children profile of services available to women seeking help.
witness or experience family violence. We are proud to support initiatives like sheltersafe.ca,
a 24/7 online connection to shelters across Canada,
• On average, every six days in Canada, a woman is which serves thousands of women annually. In addition,
murdered by her current or former intimate partner. the Royal LePage Shelter Foundation supports programs
that help youth develop healthy and respectful
relationships, an important step in preventing intimate
partner violence.

In talking about an issue that is too often hidden
behind closed doors, Royal LePage professionals bring
awareness to the impact of domestic violence and let
survivors know that there is hope for healing and the
chance to lead a safer and happier life.

For more information on the Royal LePage Shelter
Foundation, please visit royallepage.ca/shelter.

Royal LePage Shelter Foundation Charitable Registration number: 88253 1304 RR0001
Photo credits: ©iStock.com/g-stockstudio, ©iStock.com/mphillips007, ©iStock.com/GeorgePeters, ©iStock.com/DNY59,
©iStock.com/JacobWackerhausen, ©iStock.com/SelectStock
All offices are independently owned and operated, except those marked as “Royal LePage Real Estate Services Ltd.”,
“Royal LePage West Real Estate Services” and “Royal LePage Sussex”. Not intended to solicit currently listed properties
or buyers under contract. The above information is from sources believed reliable, however, no responsibility is assumed
for the accuracy of this information. ©2018 Brookfield Real Estate Services Manager Limited. All rights reserved.