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Terminology TipREVERSE MORTGAGE: Available to homeowners where both spouses are at least 55 years old, a reverse mortgage borrows money out of the equity of a home in order to provide the homeowner payments – either as a lump sum, in monthly increments or as a combination of both.
The homeowner’s equity is drawn down with each payment. At the end of the loan period, or once the homeowner passes away or does not live in the home as a primary residence, the loan must be repaid. The beneficiaries, who often sell the property to repay the loan, usually settle this obligation.
1 c. white sugar 2 Tbsp. all-purpose flour 3 c. fresh strawberries, sliced 3 c. rhubarb, diced
Filling: ¾ c. all-purpose flour ¾ c. brown sugar, packed 6 Tbsp. butter, softened 1 c. rolled oats ¼ tsp. cinnamon
Topping:
1. Preheat oven to 375°F (190°C).
2. Filling: in a large bowl, mix white sugar, flour, strawberries and rhubarb. Place the mixture in a 9 x 13 inch baking dish.
3. Topping: mix flour, brown sugar, butter, oats and cinnamon until crumbly. Sprinkle evenly on top of the rhubarb and strawberry mixture.
4. Bake 45 minutes or until crisp and lightly browned.
We’re already halfway through 2016 so let’s take a moment to reflect on how far the housing market has come, what’s expected in the second half of the year and what the outlook is for 2017.
MID-YEAR UPDATE
According to the Canadian Real Estate Association (CREA):
Canadian resale housing market trends this year are expected to resemble those in 2015, with very tight supply leading to strong price gains in British Columbia and Ontario – particularly in the Lower Mainland and in and around the Greater Toronto Area. Price gains in these regions are expected to continue to stand in sharp contrast to moderate price declines among housing markets whose prospects are closely tied to oil and other natural resource prices.
Along with stronger Canadian economic growth beginning in the second half of 2016, Canadian home sales activity is now expected to rebalance in 2017.
Interest rates are expected to remain low into 2017.
Nationally, sales activity is forecast to rise by one percent to 511,400 units in 2016 while the average price forecast has been revised upward to $478,100, representing an annual increase of eight percent.
In 2017, national sales are forecast to number 513,400 units, while the national average price is forecast to edge slightly higher to $482,500 in 2017.
Please call today to discuss your own, personal housing forecast to see if a move might be in your future!
CNSFH
4
thessiinngghhaallreportResults. Every SINGHAL time. www.thesinghalgroup.com
Each office is independently owned and operated.
Niraj SinghalHon. B. Comm., B. Admin.
Real Estate Sales Representative
Office: 613-749-5000Direct: 613-513-5658Fax: 613-728-0548
Welcome to this month’s issue ofTThhee SSiinngghhaall RReeppoorrtt – our monthlyreal estate newsletter courtesy ofThe Singhal Group. We bring youthis newsletter in hopes that youfind it informative and useful. Ifyou’re thinking of making a move
or have a general real estate relatedquestion, please don’t hesitate tocontact us. We’re here to help in
any way we can and we wouldlove to hear from you. Be sure to
visit our website regularly forup-to-date information on our
current listings and to download anelectronic copy of this newsletter.
Best Regards, Niraj Singhal
00001 Volume 12, Issue 6
2
TOOTHPASTE TIPS
Turn a bathroom basic into an overall household staple! Grab a tube of regular white toothpaste (avoid the types with gel, tartar-control or whitening agents) and let these toothpaste tips put a smile on your face.
Bring the sparkle back to your jewelry and silver household items: moisten the metal then gently rub on some toothpaste with a soft cloth, rinse and dry well. Banish lingering garlic, onion and fish smells from your hands by rubbing your
hands with toothpaste and rinsing well. Remove watermarks from wood by making a paste of baking soda and toothpaste,
rubbing it into the stain then rinsing and drying thoroughly. (Test a small, inconspicuous area first!) Use toothpaste and a damp cloth to remove crayon marks from painted walls. Dull, foggy headlights on your car? Clear them up with toothpaste!
From the paint on your walls to the choices you make within your walls, you’ll want to do everything you can to ensure the most wholesome environment for you and your family. Here are some things to consider in your quest for a healthier home.
Green Your Clean. “Green” cleaners can do just as good a job as chemical-laden ones, to the benefit of your lungs and the health of your entire family. Research combinations of vinegar, lemon juice, baking soda and other common household items for healthier cleaning solutions. When considering store-bought cleaners, choose ones that say “petroleum free,” “biodegradable,” or “phosphate-free.”
Toss the Teflon. Reduce the use of your Teflon-coated cookware to lower the risk of the harmful chemicals used to make these nonstick coatings accumulating in your body. Consider switching to stainless steel, anodized aluminum, copper-coated pans, cast iron or enamel-coated iron pans. If you can’t get away from the Teflon, then at least keep the temperature low when cooking so as to reduce the release of harmful toxins.
Say OK to Organic. We’re exposed to many harmful chemicals on a daily basis, so the switch to organic food is a sensible goal. While organic foods are healthier for our bodies, they may not be as healthy for our wallets, so cut the cost by researching foods that are worth the extra expense of buying organic. For example, you may choose to stick with non-organic bananas and melons as they have a protective layer of skin to protect the edible portions of the fruits from pesticides, while organic berries and peaches can be worth splurging on, as they are more vulnerable to chemicals.
Banish the Bunnies. Breathe easier by controlling dust bunnies with regular cleaning, and consider replacing wall-to-wall carpeting, a top collector of dust and allergens, with wood, tile, bamboo, linoleum or other flooring options. If that’s not practical then maintain a rigorous vacuuming schedule, and deep clean carpets and rugs on a regular basis.
Go for Glass. Replace plastic bottles and containers with glass ones, and never microwave food in plastic containers.
Get the Lead Out. If you have an older home, check with your local health department about how to test your home for lead paint. Chips or dust from crumbling lead-based paint is known to cause health risks.
Bug Off, Naturally. Don’t pollute your home and endanger human and pet health by tackling indoor bugs with harmful pesticides. The same goes for pest and weed control for your outdoor green space. Aim for non-chemical methods to create a healthier, greener environment both inside and outside your home.
Breathe Clean With Real Green. Real plants inside your home look great while helping to create better air quality by absorbing carbon dioxide and expelling oxygen. During this process, they also absorb indoor toxins that you would otherwise be breathing in. Consult with your local nursery for the plants most likely to thrive in your indoor light conditions.
HEALTHY INDOOR LIVING
Volume 12, Issue 6 3
Change the locks. The key to peace of mind is literally in your hands. As you have no idea who holds extra keys to your exterior door(s), make a plan to install new locks as your first order of business.
Start fresh. Your new home will never be as easy to clean as it is now, when it’s completely empty. Tight for time? Consider splurging on a cleaning service so you’re not trying to clean and unpack at the same time. The same goes for painting your walls. No time to pick your ideal colors for each space? Simply choose a neutral shade for each room. It’ll freshen things up for now; you can always customize the walls later.
Switch up the switch plates. It’s a little thing, but replacing switch plates, cover plates and air vent covers with new, matching ones is an inexpensive way to make a home feel cleaner, newer and more “yours”.
Install window coverings. If you don’t want your new neighbors to meet you before you meet them, install window coverings to ensure some privacy. Inexpensive shades are a good interim option.
Moving homes is an exciting event. Being organized can make it a fun one, too!
Depending on how much time you have between receiving the keys to your new place and the date you must vacate your existing home, you’ll want to draw up a list of immediate tasks for your new place:
WELCOME TO YOUR NEW HOME!
PAINTING THE TOWN RED
The shade of paint chosen for each room in your home can dramatically affect moods, emotions and energy levels for the activities in those rooms. That’s why, even though perceptions of different hues are subjective, it’s important to recognize not only how the paint looks to you, but also how it makes you feel.
Red: Looking for a restful haven? Then don’t pick red for your bedroom. While it’s a vibrant, happy color, it’s also a stimulating one that can raise energy and excitement – not what you’re looking for before nestling down for the night!
Blue or Green: Soft variations of blue and green are calming, making them ideal for bedrooms and bathrooms where you’re going for a relaxing, spa-like feel.
White: White wall paint is often regarded only as a base for other colors. This year, however, “Simply White” was chosen by a major North American paint brand as their 2016 Color of the Year. White can give the illusion of more space in a small room, resulting in a more airy, open, fresh and serene environment.
A new coat of paint is usually recommended as a simple way to freshen up your home before putting it up for sale. In this case, it’s not about what you like but rather the best way to neutralize the walls in order to present them as a blank slate for the next homeowner. Feel free to ask for more easy tips on how to prepare your home for a successful sale.
Whether you choose a riotous red or a tranquil turquoise for your walls, make sure you think through the consequences of color before picking up your paintbrush.
~ Monthly Musing ~
“You must not lose faith in humanity.
Humanity is an ocean; if a few drops
of the ocean are dirty, the ocean does
not become dirty.”
~ Mahatma Gandhi
Notes:
1 c. white sugar 2 Tbsp. all-purpose flour 3 c. fresh strawberries, sliced 3 c. rhubarb, diced
Filling: ¾ c. all-purpose flour ¾ c. brown sugar, packed 6 Tbsp. butter, softened 1 c. rolled oats ¼ tsp. cinnamon
Topping:
1. Preheat oven to 375°F (190°C).
2. Filling: in a large bowl, mix white sugar, flour, strawberries and rhubarb. Place the mixture in a 9 x 13 inch baking dish.
3. Topping: mix flour, brown sugar, butter, oats and cinnamon until crumbly. Sprinkle evenly on top of the rhubarb and strawberry mixture.
4. Bake 45 minutes or until crisp and lightly browned.
We’re already halfway through 2016 so let’s take a moment to reflect on how far the housing market has come, what’s expected in the second half of the year and what the outlook is for 2017.
MID-YEAR UPDATE
According to the Canadian Real Estate Association (CREA):
Canadian resale housing market trends this year are expected to resemble those in 2015, with very tight supply leading to strong price gains in British Columbia and Ontario – particularly in the Lower Mainland and in and around the Greater Toronto Area. Price gains in these regions are expected to continue to stand in sharp contrast to moderate price declines among housing markets whose prospects are closely tied to oil and other natural resource prices.
Along with stronger Canadian economic growth beginning in the second half of 2016, Canadian home sales activity is now expected to rebalance in 2017.
Interest rates are expected to remain low into 2017.
Nationally, sales activity is forecast to rise by one percent to 511,400 units in 2016 while the average price forecast has been revised upward to $478,100, representing an annual increase of eight percent.
In 2017, national sales are forecast to number 513,400 units, while the national average price is forecast to edge slightly higher to $482,500 in 2017.
Please call today to discuss your own, personal housing forecast to see if a move might be in your future!
CNSFH
4
ST. CLAIRE GARDENSSTONEBRIDGE KANATAKANATA LAKES
SOLD SOLD IN 10 DAYS! SOLD Custom Home To Be Built$925,000
Results. Every SINGHAL time.Results. Every SINGHAL time.
The information and opinions contained in this newsletter are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This newsletter is provided with the understanding that it does not render legal, accounting, or other professional advice. Not intended to solicit properties or businesses listed for sale and agency agreements in place with other real estate brokers. Whole or partial reproduction of this newsletter is forbidden without the written permission of the publisher. © Market Connections Inc.® 2016, Phone: (800) 387-6058.