To view and search all MLS listed homes for sale in the Edmonton area visit me at: www.FindMyHouse.ca
"Buyer Retains the Advantage in 1st Quarter......Total MLS® sales in the Edmonton region's existing home market fell by almost 30 per cent year-over-year in the first quarter of 2008, continuing a downtrend which began second half of 2007."
http://www.cmhc-schl.gc.ca/odpub/esub/64171/64171_2008_M04.pdf
(If the link does not open, you can copy and paste the URL into the address box of your browser and press Enter.)
On a more positive note interest rates are great right now, please don't hesitate to call if you have any mortgage financing related questions.
Thank you and have a great day!
Lee Politano, B. Comm
Manager, Residential Mortgages
Ph: 780-264-1749
Fx: 780-637-1637
lee.politano@td.com
www.tdcanadatrust.com/msf/leepolitano
To find the value of your own home online for free visit us at: www.TeamLeadingEdge.ca
Wednesday, April 30, 2008
Monday, April 28, 2008
OPEN HOUSE - SUNDAY MAY 04, 2008
To view and search all MLS listed houses, condominiums, and acreages for sale in the Edmonton area visit me at: http://www.findmyhouse.ca/
Open House
Sunday May 04, 2008
1 - 4 pm
382 Jillings Cres.
This very stylish and well maintained 3 +1 bedroom 4 level split boast over 1700 sq.ft. of developed space. Features 3 full bathrooms including a jacuzzi en suite, dine-in kitchen overlooking the family room on the third floor. There is an over sized 24'x24' insulated garage, a large deck and concrete patio. This great family home boasts oak cabinets, trim and interior doors, gas fireplace, vaulted ceilings, large lot with gorgeous landscaping with raised flower beds, mature trees, rock pathway, and a gravel RV pad are with a double gate entrance. The kitchen also features raised oak cabinets, and a island kitchen, and walk-in pantry with a french door, double corner sink with garden window. The garage is a home mechanics dream with 2 - 220V outlets, tons of lighting, and the wiring and gas line is ready for a heater. To home has to been seen to be truly appreciated.
To find the value of your home online for free visit us at: http://www.teamleadingedge.ca/
Sunday, April 27, 2008
MORE DOWNWARD PRESSURE ON REAL ESTATE VALUATIONS - Edmonton Real Estate Statistic Ending April 27, 2008
To view and search all MLS listed homes for sale in the Edmonton area visit me at: www.FindMyHouse.ca
As of today there are a total of 13,879 properties listed on the Edmonton Real Estate Board. This is comprised of 7,029 single family homes, 3,330 condominiums, and 1,409 acreages. The listing inventory level is still going up... not surprising since we are heading into our spring marketplace.
However only 7,114 of those properties listed on the Edmonton Real Estate Board are in Edmonton proper. In the last 30 days we have seen 1,168 sales. That would give us a listings to sales ratio of 6.09:1
With a ratio that high I am expecting to see continued downward pressure on the valuations of homes in the Edmonton area. Until we can see that ratio being closer to 4:1 we will continue to see valuation drop.
Having said that I think that it will not be long before we see this trend change and that ratio to improve. As a matter of fact I think we might see it as soon as within the next 30 days. Let's cross our fingers and have the market stabilize... it is long over due.
To price you own home online and check the value of your home for free visit us at: www.TeamLeadingEdge.ca
As of today there are a total of 13,879 properties listed on the Edmonton Real Estate Board. This is comprised of 7,029 single family homes, 3,330 condominiums, and 1,409 acreages. The listing inventory level is still going up... not surprising since we are heading into our spring marketplace.
However only 7,114 of those properties listed on the Edmonton Real Estate Board are in Edmonton proper. In the last 30 days we have seen 1,168 sales. That would give us a listings to sales ratio of 6.09:1
With a ratio that high I am expecting to see continued downward pressure on the valuations of homes in the Edmonton area. Until we can see that ratio being closer to 4:1 we will continue to see valuation drop.
Having said that I think that it will not be long before we see this trend change and that ratio to improve. As a matter of fact I think we might see it as soon as within the next 30 days. Let's cross our fingers and have the market stabilize... it is long over due.
To price you own home online and check the value of your home for free visit us at: www.TeamLeadingEdge.ca
Friday, April 25, 2008
SPRING CLEAN YOUR HOME IN 7 EASY STEPS
To view and search all MLS listed houses, condominiums, and acreages for sale in the Edmonton area visit me at: www.FindMyHouse.ca
Everyone knows spring cleaning sounds like a great idea. You say you’ll do it, then a few more weeks go by, then another month, and before we know it spring cleaning takes a back seat to everything else. By breaking spring cleaning down into manageable tasks that can be accomplished over a couple of weekends, you can get the whole job done without feeling like you’ve missed out on all the fun. It doesn’t have to feel like drudgery either – put on some music or listen to an audio book while you work. Here are 7 ways to make your home feel as fresh and clean as a spring breeze.
1. Tackle those windows. Okay, no one really likes this task, but what a difference it will make! Windows should be thoroughly cleaned inside and out – you’ll be amazed how your home will sparkle inside and out once the dust and dirt are gone. Considering hiring a professional window cleaning company, especially if you have a multilevel home. They’ll have the equipment and experience to do the job safely. If you have screens, now is the time to wash them and repair any holes or tears. If screens are completely removable, take them outside and wash with a scrub brush and mild detergent, then hose off and let dry in the sun.
2. Curtain call. Windows are easiest to clean when the curtains, shades, and blinds are removed. Use this opportunity to get drapes and curtains laundered or dry cleaned (check labels first), and give blinds, shades, and other treatments a good cleaning and dusting. Some vacuum cleaners have special attachments that will make cleaning blinds a breeze.
3. Get all the angles. Going from room to room, use a long-handled duster to make quick work of dusting ceilings, moldings, and corners. If you have ceiling fans, dust the tops and bottoms of the fan blades and around the motor housing (this is also a great time to replace light bulbs in fan fixtures).
4. Make a grand entrance. Clean porches, steps, and railings of accumulated dirt and grime and you’ll have a bright welcome every time you come home. Replace light bulbs in porch and outdoor fixtures. While you’re at it, add a colorful potted plant or two to welcome spring. Keep an eye out for any needed repairs and make a note to get to them in the weeks ahead.
5. Under cover. Gather your heavy winter bedspreads and comforters and have them cleaned, then store away until cooler weather comes. Vacuum mattresses and box springs and clean up those dust bunnies that have hibernated under the bed. Launder mattress covers, take lighter weight bedding from storage and air out for a day before using.
6. A better bath. A deep spring cleaning of fixtures, sinks, tubs, and toilets supplements the everyday surface cleaning that keeps things looking good. Work from top to bottom, ceiling to floor, and keep all of your cleaning products, scrubbing tools, etc. with you in a bucket so you’ll have everything you need at your side. Use an old toothbrush to reach into crevices to get things shipshape, and you won’t have to do it again anytime soon. Don’t forget to clean bathroom exhaust fans to keep them working their best.
7. Kitchen confidential. Wrap up your spring cleaning in the kitchen. After regular use during the colder weather, the stove and oven can likely use a deep cleaning. Clear countertops of clutter and wipe down small appliances and cabinets. Wash the walls and floor, and give the kitchen sink a thorough scrubbing. Now is also the perfect time to rid your refrigerator of old or expired items (check those door shelves lately?) and clean produce bins and shelves following manufacturer’s instructions. Then reward yourself with a vase of spring flowers and enjoy your sparkling home!
Source:
Michel Bourgeois, RHI
Pillar To Post Inspections
780-443-2366
Michel.Bourgeois@pillartopost.com
www.pillartopost.com/edmontonnorth
To find the value of your home online for free visit us at: www.TeamLeadingEdge.ca
Everyone knows spring cleaning sounds like a great idea. You say you’ll do it, then a few more weeks go by, then another month, and before we know it spring cleaning takes a back seat to everything else. By breaking spring cleaning down into manageable tasks that can be accomplished over a couple of weekends, you can get the whole job done without feeling like you’ve missed out on all the fun. It doesn’t have to feel like drudgery either – put on some music or listen to an audio book while you work. Here are 7 ways to make your home feel as fresh and clean as a spring breeze.
1. Tackle those windows. Okay, no one really likes this task, but what a difference it will make! Windows should be thoroughly cleaned inside and out – you’ll be amazed how your home will sparkle inside and out once the dust and dirt are gone. Considering hiring a professional window cleaning company, especially if you have a multilevel home. They’ll have the equipment and experience to do the job safely. If you have screens, now is the time to wash them and repair any holes or tears. If screens are completely removable, take them outside and wash with a scrub brush and mild detergent, then hose off and let dry in the sun.
2. Curtain call. Windows are easiest to clean when the curtains, shades, and blinds are removed. Use this opportunity to get drapes and curtains laundered or dry cleaned (check labels first), and give blinds, shades, and other treatments a good cleaning and dusting. Some vacuum cleaners have special attachments that will make cleaning blinds a breeze.
3. Get all the angles. Going from room to room, use a long-handled duster to make quick work of dusting ceilings, moldings, and corners. If you have ceiling fans, dust the tops and bottoms of the fan blades and around the motor housing (this is also a great time to replace light bulbs in fan fixtures).
4. Make a grand entrance. Clean porches, steps, and railings of accumulated dirt and grime and you’ll have a bright welcome every time you come home. Replace light bulbs in porch and outdoor fixtures. While you’re at it, add a colorful potted plant or two to welcome spring. Keep an eye out for any needed repairs and make a note to get to them in the weeks ahead.
5. Under cover. Gather your heavy winter bedspreads and comforters and have them cleaned, then store away until cooler weather comes. Vacuum mattresses and box springs and clean up those dust bunnies that have hibernated under the bed. Launder mattress covers, take lighter weight bedding from storage and air out for a day before using.
6. A better bath. A deep spring cleaning of fixtures, sinks, tubs, and toilets supplements the everyday surface cleaning that keeps things looking good. Work from top to bottom, ceiling to floor, and keep all of your cleaning products, scrubbing tools, etc. with you in a bucket so you’ll have everything you need at your side. Use an old toothbrush to reach into crevices to get things shipshape, and you won’t have to do it again anytime soon. Don’t forget to clean bathroom exhaust fans to keep them working their best.
7. Kitchen confidential. Wrap up your spring cleaning in the kitchen. After regular use during the colder weather, the stove and oven can likely use a deep cleaning. Clear countertops of clutter and wipe down small appliances and cabinets. Wash the walls and floor, and give the kitchen sink a thorough scrubbing. Now is also the perfect time to rid your refrigerator of old or expired items (check those door shelves lately?) and clean produce bins and shelves following manufacturer’s instructions. Then reward yourself with a vase of spring flowers and enjoy your sparkling home!
Source:
Michel Bourgeois, RHI
Pillar To Post Inspections
780-443-2366
Michel.Bourgeois@pillartopost.com
www.pillartopost.com/edmontonnorth
To find the value of your home online for free visit us at: www.TeamLeadingEdge.ca
ADMINISTRATIVE ASSISTANT
I need your help!!
I am looking for a new administrative assistant. Do you know of anyone looking for a job?? If so have them call me @ 780-995-6520
I am looking for a new administrative assistant. Do you know of anyone looking for a job?? If so have them call me @ 780-995-6520
Thursday, April 24, 2008
JUST LISTED - 3908 McMullen Green
To view and search all MLS listed homes for sale in the Edmonton area visit me at: http://www.findmyhouse.ca/
List Price: $409,899
Open House: Sunday April 27, 2008
Time: 1 - 4 pm
Excellent 3 bedroom 2 story home with 2.5 baths that shows like a new show home. Situated on one of the largest RSL lots in the area. Located on a quiet street, it has a huge back yard that is fenced, with deck and storage shed. This home features a main floor flex room, island kitchen with eating bar and eating nook, formal dining room, main floor laundry, and a bonus room over the garage, arches and coved feature nooks, 4 pce. en suite, stainless appliance. All measurements are from the builders plans. All measurements and information to be confirmed by the purchasers.
To find the value of your house online for free visit us at: www.TeamLeadingEdge.ca
HOW TO CHOOSE FABULOUS FLOORING
To view and search all MLS houses, condominiums, and acreages for sale in the Edmonton area visit me at: www.FindMyHouse.ca
Today's market offers lots of choice. Narrow down your selection and find the flooring that's just right for you.
Do you dream of having a Tuscan kitchen, a country den or a luxurious bedroom? Great flooring helps to achieve the look and feel you desire in every room of your home.
"Flooring is a background to your furniture," says Anna Merotto, an interior designer and former instructor of wall and floor coverings at George Brown College in Toronto. "It can make or break your decor."
But selecting flooring can be a daunting task. A room's function, traffic and location, as well as the amount you can spend, are all contributing factors in your flooring decision, be it carpet, ceramic tile, hardwood, laminate or vinyl. Which one is right for you? Here's a look at the most popular flooring options for your home.
Carpet
Carpet keeps feet warm, steps soft and kids' knees protected when they take a tumble. It hides sub-floor irregularities and can be used throughout the home, including the basement, where moisture can ruin other types of flooring materials. It's also inexpensive to install and comes in a variety of colours and textures, making it easy to decorate with.
Carpeting should be short and dense, made with a tightly twisted yarn and a good quality cushion to resist crushing and matting. To reduce the risk of pilling, look for continuous filament nylon (CFN), which begins as a long strand before being spun into yarn.
Keep in mind that dust particles can easily be trapped in carpeting, says Anna. So, if you have allergies, carpeting may not be the best choice for your home.
Ceramic tile
Because of its dense composition of clay, minerals and water - and a coating of liquid glass for colour and texture - glazed tiles are resistant to moisture, odour, fire, stains, scratches, allergens and bacteria, making this material ideal for kitchens, bathrooms and entranceways. Shiny, glazed tiles should be restricted to walls as the surface can be slippery and can scratch easily when used underfoot.
Laying ceramic tile can be a lengthy and costly process. "Floors have to be completely level," says Anna. "If not, you'll have cracking that you can't repair." It can be tricky to restore eroded or discoloured grout between the tiles.
Hardwood
Hardwood is certainly one of the most beautiful flooring choices, and can, at once, give a space a rustic or elegant feel. It can also wear out in high-traffic areas, especially if you have pets. If you truly love hardwood, sanding and refinishing it every few years is one option, says Anna, as is placing an area rug or runner "so you get the best of both worlds - the comfort feeling of carpet and the classic look of wood."
Hardwood flooring comes in classic 3/4-inch solid wood floors, usually made from maple or oak, as well as engineered and longstrip plank floors, both made from a variety of domestic and exotic woods. All three look similar, but because engineered and longstrip planks are made from thin strips of wood glued together, this option provides better stability and resistance to moisture - which means it can be used in basements or over concrete, where solid wood would contract and separate.
Laminate
If you love the look of hardwood, tile or marble, but can't afford or maintain these finishes, you may want to consider laminate. The Swedish import can resemble any of the materials since it is simply a photograph under a clear wearlayer - and therein lies its biggest fault. For Anna, the inexpensive alternative is "almost too perfect."
That said, laminate is almost impossible to stain, scratch or burn, and because it is a collection of interlocking planks or squares glued to one another - and not the floor or subfloor - it is easy to replace and is moisture-resistant
Vinyl
With its easy maintenance, resistance to stains and spills and ability to hide scratches, vinyl has long been the number one choice for kitchens. Perhaps it has also been the ugliest - but newer offerings of this material are more hip, with a dynamic selection of colours, patterns and textures
Source:by Heather Camlot (styleathome.com)
Related Content- Buying guide: 11 flooring options- Project: Asian paper floor mat- More
To price the value of your home online for free visit us at: www.TeamLeadingEdge.ca
Today's market offers lots of choice. Narrow down your selection and find the flooring that's just right for you.
Do you dream of having a Tuscan kitchen, a country den or a luxurious bedroom? Great flooring helps to achieve the look and feel you desire in every room of your home.
"Flooring is a background to your furniture," says Anna Merotto, an interior designer and former instructor of wall and floor coverings at George Brown College in Toronto. "It can make or break your decor."
But selecting flooring can be a daunting task. A room's function, traffic and location, as well as the amount you can spend, are all contributing factors in your flooring decision, be it carpet, ceramic tile, hardwood, laminate or vinyl. Which one is right for you? Here's a look at the most popular flooring options for your home.
Carpet
Carpet keeps feet warm, steps soft and kids' knees protected when they take a tumble. It hides sub-floor irregularities and can be used throughout the home, including the basement, where moisture can ruin other types of flooring materials. It's also inexpensive to install and comes in a variety of colours and textures, making it easy to decorate with.
Carpeting should be short and dense, made with a tightly twisted yarn and a good quality cushion to resist crushing and matting. To reduce the risk of pilling, look for continuous filament nylon (CFN), which begins as a long strand before being spun into yarn.
Keep in mind that dust particles can easily be trapped in carpeting, says Anna. So, if you have allergies, carpeting may not be the best choice for your home.
Ceramic tile
Because of its dense composition of clay, minerals and water - and a coating of liquid glass for colour and texture - glazed tiles are resistant to moisture, odour, fire, stains, scratches, allergens and bacteria, making this material ideal for kitchens, bathrooms and entranceways. Shiny, glazed tiles should be restricted to walls as the surface can be slippery and can scratch easily when used underfoot.
Laying ceramic tile can be a lengthy and costly process. "Floors have to be completely level," says Anna. "If not, you'll have cracking that you can't repair." It can be tricky to restore eroded or discoloured grout between the tiles.
Hardwood
Hardwood is certainly one of the most beautiful flooring choices, and can, at once, give a space a rustic or elegant feel. It can also wear out in high-traffic areas, especially if you have pets. If you truly love hardwood, sanding and refinishing it every few years is one option, says Anna, as is placing an area rug or runner "so you get the best of both worlds - the comfort feeling of carpet and the classic look of wood."
Hardwood flooring comes in classic 3/4-inch solid wood floors, usually made from maple or oak, as well as engineered and longstrip plank floors, both made from a variety of domestic and exotic woods. All three look similar, but because engineered and longstrip planks are made from thin strips of wood glued together, this option provides better stability and resistance to moisture - which means it can be used in basements or over concrete, where solid wood would contract and separate.
Laminate
If you love the look of hardwood, tile or marble, but can't afford or maintain these finishes, you may want to consider laminate. The Swedish import can resemble any of the materials since it is simply a photograph under a clear wearlayer - and therein lies its biggest fault. For Anna, the inexpensive alternative is "almost too perfect."
That said, laminate is almost impossible to stain, scratch or burn, and because it is a collection of interlocking planks or squares glued to one another - and not the floor or subfloor - it is easy to replace and is moisture-resistant
Vinyl
With its easy maintenance, resistance to stains and spills and ability to hide scratches, vinyl has long been the number one choice for kitchens. Perhaps it has also been the ugliest - but newer offerings of this material are more hip, with a dynamic selection of colours, patterns and textures
Source:by Heather Camlot (styleathome.com)
Related Content- Buying guide: 11 flooring options- Project: Asian paper floor mat- More
To price the value of your home online for free visit us at: www.TeamLeadingEdge.ca
Wednesday, April 23, 2008
INTEREST RATES DROP AGAIN
To view and search all MLS listed houses, condominiums, and acreages for sale in the Edmonton area visit me at: www.FindMyHouse.ca
Hello, the bank has followed the Bank of Canada rate cut with a cut to the bank prime rate by 50 points to 4.75%. I look forward to hearing from you with any questions or clients who need great service with mortgage financing, thank you.
Bank of Canada Cut Overnight Rate by 50bps, with Further Cuts "Likely to Be Required"
Bank of Canada cut rates by 50bps, bringing overnight rate down to 3.00%
Forward-looking language was a little softer than in March, but still points to further rate cuts, as the Bank said that "some further monetary stimulus will likely be required to achieve the inflation target over the medium term"
Overall tone of the statement was pretty dovish, as the Bank is worried about "a deeper and more protracted slowdown in the U.S. economy" as well as "tightening credit conditions and softening sentiment," which led the Bank to revise downward its 2008 and 2009 GDP forecasts for Canada.
As was widely expected, the Bank of Canada cut the overnight rate by 50bps today, bringing it down to 3.00%. But, the issue was not what the Bank did, but what it said, and on that front the statement was more or less in line with what we had expected. Most importantly, the Bank did signal the probability of further rate cuts, saying that "some further monetary stimulus will likely be required to achieve the inflation target over the medium term." And in true central bank form, the Bank added that "the timing of any further monetary stimulus will depend on the evolution of the global economy and domestic demand, and their impact on inflation in Canada."
Source: Lee Politano, Manager Residential Mortages TD Canada Trust
To visit Lee: http://www.tdcanadatrust.ca/msf/leepolitano/
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Hello, the bank has followed the Bank of Canada rate cut with a cut to the bank prime rate by 50 points to 4.75%. I look forward to hearing from you with any questions or clients who need great service with mortgage financing, thank you.
Bank of Canada Cut Overnight Rate by 50bps, with Further Cuts "Likely to Be Required"
Bank of Canada cut rates by 50bps, bringing overnight rate down to 3.00%
Forward-looking language was a little softer than in March, but still points to further rate cuts, as the Bank said that "some further monetary stimulus will likely be required to achieve the inflation target over the medium term"
Overall tone of the statement was pretty dovish, as the Bank is worried about "a deeper and more protracted slowdown in the U.S. economy" as well as "tightening credit conditions and softening sentiment," which led the Bank to revise downward its 2008 and 2009 GDP forecasts for Canada.
As was widely expected, the Bank of Canada cut the overnight rate by 50bps today, bringing it down to 3.00%. But, the issue was not what the Bank did, but what it said, and on that front the statement was more or less in line with what we had expected. Most importantly, the Bank did signal the probability of further rate cuts, saying that "some further monetary stimulus will likely be required to achieve the inflation target over the medium term." And in true central bank form, the Bank added that "the timing of any further monetary stimulus will depend on the evolution of the global economy and domestic demand, and their impact on inflation in Canada."
Source: Lee Politano, Manager Residential Mortages TD Canada Trust
To visit Lee: http://www.tdcanadatrust.ca/msf/leepolitano/
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Tuesday, April 22, 2008
BARBECUE BASICS
To view and search all MLS listed homes, condominiums, and acreages for sale in the Edmonton area visit me at http://www.findmyhouse.ca/
Knowing more about your specific type of barbecue will help make you an expert
Whether you are cleaning up the backyard or opening the cottage with friends and family, Spring is a great time to begin barbecuing. Before you fire up the grill, consider these tips from The Home Depot Canada to become a barbecue buff:
Planning ahead. If you're in the market for a new and improved way to cook or looking for an upgrade ask yourself: how often will I use the grill; how many people will I cook for on average; what is my available budget? Your answers will help determine the barbecue that best suits your lifestyle and finances.
Barbecue type. Gas, charcoal and portable barbecue models each have different advantages.
Natural gas or propane grills are convenient as they regulate heat easily and cook at several different temperatures at once. Grilling with charcoal enhances flavour and allows high temperatures for searing. If you enjoy camping or tailgate parties, portable grills are an economical way to enjoy grilled food away from home. Depending on which grilling features you most value, there is a barbecue for everyone.
Prepping. After you buy your barbecue you want to be sure to maintain it so it will last several years. Every Spring, practice the following to keep your grill in working order:
? Spring Cleaning. Dirty grill grates cook slower, unevenly and can leave an unpleasant taste. Take the time to clean the grates and enjoy a better meal.
? Scrub the burner. Use a wire brush to scrub the burner clean. Cotton swabs or pipe cleaners can help get in hard to reach places.
? Inspect the gas hose for leaks. Look at the hose carefully for any sign of damage. If no damage is visible, apply soapy water onto the gas hose and turn on the gas. If bubbles appear, there is a leak. Do not ignite the grill if you suspect gas is leaking; simply replace the hose.
? Clean your jets. Check the gas jets and lines for small objects or critters. Clear them out as any clogs can significantly cut down your grill's performance.
? Keep charcoal grilling outdoors. The biggest health concern with charcoal grilling is carbon monoxide (CO) poisoning. As burned charcoal emits CO, it should never be used indoors.
? Accessorize. Barbecuing has become more of an experience than a task - accessories such as chicken roasters, outdoor pizza grills and temperature indicators can expand your outdoor menu and grilling enjoyment.
More information about barbecues is available online at homedepot.ca.
Knowing more about your specific type of barbecue will help make you an expert
Whether you are cleaning up the backyard or opening the cottage with friends and family, Spring is a great time to begin barbecuing. Before you fire up the grill, consider these tips from The Home Depot Canada to become a barbecue buff:
Planning ahead. If you're in the market for a new and improved way to cook or looking for an upgrade ask yourself: how often will I use the grill; how many people will I cook for on average; what is my available budget? Your answers will help determine the barbecue that best suits your lifestyle and finances.
Barbecue type. Gas, charcoal and portable barbecue models each have different advantages.
Natural gas or propane grills are convenient as they regulate heat easily and cook at several different temperatures at once. Grilling with charcoal enhances flavour and allows high temperatures for searing. If you enjoy camping or tailgate parties, portable grills are an economical way to enjoy grilled food away from home. Depending on which grilling features you most value, there is a barbecue for everyone.
Prepping. After you buy your barbecue you want to be sure to maintain it so it will last several years. Every Spring, practice the following to keep your grill in working order:
? Spring Cleaning. Dirty grill grates cook slower, unevenly and can leave an unpleasant taste. Take the time to clean the grates and enjoy a better meal.
? Scrub the burner. Use a wire brush to scrub the burner clean. Cotton swabs or pipe cleaners can help get in hard to reach places.
? Inspect the gas hose for leaks. Look at the hose carefully for any sign of damage. If no damage is visible, apply soapy water onto the gas hose and turn on the gas. If bubbles appear, there is a leak. Do not ignite the grill if you suspect gas is leaking; simply replace the hose.
? Clean your jets. Check the gas jets and lines for small objects or critters. Clear them out as any clogs can significantly cut down your grill's performance.
? Keep charcoal grilling outdoors. The biggest health concern with charcoal grilling is carbon monoxide (CO) poisoning. As burned charcoal emits CO, it should never be used indoors.
? Accessorize. Barbecuing has become more of an experience than a task - accessories such as chicken roasters, outdoor pizza grills and temperature indicators can expand your outdoor menu and grilling enjoyment.
More information about barbecues is available online at homedepot.ca.
To find the value of your home online for free visit us at: www.TeamLeadingEdge.ca
Monday, April 21, 2008
10% HIGHER SELLING PRICE FOR YOUR HOME
To view and search all MLS listed houses, condominiums, and acreages in the Edmonton area visit me at http://www.findmyhouse.ca/
I am happy to announce today the launch of my "NEW PREMIUM LISTING PROGRAM". The new listing package program is designed to acheive up to 10% higher selling price... is it right for you???
To find out call me today 780-995-6520
To price your own home online for free visit us at: http://www.teamleadingedge.ca/
I am happy to announce today the launch of my "NEW PREMIUM LISTING PROGRAM". The new listing package program is designed to acheive up to 10% higher selling price... is it right for you???
To find out call me today 780-995-6520
To price your own home online for free visit us at: http://www.teamleadingedge.ca/
Sunday, April 20, 2008
Edmonton Real Estate Statistic Ending April 20, 2008
To view and search all MLS listed homes, condominiums, and acreages in the Edmonton area visit up at: www.FindMyHouse.ca
The Edmonton real estate market is getting a little more exciting these days. By exciting I mean that we are seeing an increase in listing activity and sales activity. However we still have too many homes on the market for prices to increase at this time.
Current on the Edmonton Real Estate board there are a total of 13,922 properties listed. That is an increase over last week. That breaks down into 6,995 single family homes, 3,540 condominiums and 1,359 acreages.
During the last 30 days we have seen a total of 1,096 sales. That give us a listing to sales ratio of 6.38:1 which is very close to what we had last week. However with a ratio that high I expect continued downward pressure on pricing. A ratio of 4:1 is what we need for a balanced or neutral market and a ratio lower than that before we see prices increase again.
I expect to see the inventory level to continue to increase in the upcoming weeks as we head into our spring marketplace. What is needed now is to see the buyers to start coming back, which it should as they get spring fever.
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
The Edmonton real estate market is getting a little more exciting these days. By exciting I mean that we are seeing an increase in listing activity and sales activity. However we still have too many homes on the market for prices to increase at this time.
Current on the Edmonton Real Estate board there are a total of 13,922 properties listed. That is an increase over last week. That breaks down into 6,995 single family homes, 3,540 condominiums and 1,359 acreages.
During the last 30 days we have seen a total of 1,096 sales. That give us a listing to sales ratio of 6.38:1 which is very close to what we had last week. However with a ratio that high I expect continued downward pressure on pricing. A ratio of 4:1 is what we need for a balanced or neutral market and a ratio lower than that before we see prices increase again.
I expect to see the inventory level to continue to increase in the upcoming weeks as we head into our spring marketplace. What is needed now is to see the buyers to start coming back, which it should as they get spring fever.
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Saturday, April 19, 2008
OPEN HOUSE - SUNDAY APRIL 20, 2008
To view and search all MLS listed house, condominiums, and acrages for sales in the Edmonton area visit me at: http://www.findmyhouse.ca/
OPEN HOUSE
SUNDAY APRIL 20, 2008
1 - 4 PM
208 Omand Drive
List Price: $619,899
To view more pictures and information click on the following link: http://www.teamleadingedge.ca/view_listing/Ogilvie_Ridge/mls/E3138101
Whitemud Creek Location!!! Just steps away from the ravine. Custom home was designed by Carriage Homes & is situated on a lovely large lot with mature landscaping & numerous tress, & shrubs. The tiered back yard also features an interlocking brick patio. There is an over sized garage. Open floor plan with vaulted ceilings in the living room complete with newer hardwood floors. contemporary kitchen with brand new stainless appliances, and good size dining room. The family room opens to kitchen featuring large windows, wood burning fireplace, overlooking the beautiful backyard with brand new hardwood floors. The master bdr. is complete with en suite & soaker tub. You will not believe the size of the closet in this room. The basement is fully finished including brand new upgraded imported cork floor from Portugal to keep the floor nice & warm in rec room. New 9 mm laminent flooring in exercise room that could be used as 5th bdr.
To price your own home online for free visit us at: http://www.teamleadingedge.ca/
Friday, April 18, 2008
Housing Markets on Shaky Ground
To view and search all MLS listed homes in the Edmonton area visit us at: www.FindMyHouse.ca
Economists say Canada has become one of the safer places in the developed world to own residential real estate.
“The dynamics of house prices in Canada are in line with what we would expect based on fundamentals of the economy,” said Roberto Cardarelli, senior economist at the IMF.
Canada and Austria were the only two of 17 countries included in the study in which house prices appeared to be lower than where they should have been at the end of the period from 1997 to 2007, said Mr. Cardarelli.
For each country in the study, house price growth was modeled as a function of the following: an affordability ratio, growth in disposable income per capita, short and long-term interest rates, credit growth, changes in equity prices and changes in the working age population. The study used data from 1997 to 2007.
Canada is in better shape than many other countries and home prices here aren’t expected to drop this year, said Benjamin Tal, senior economist at CIBC World Markets Inc.
Source: Globe and Mail - April 10, 2008
Personal Note:
This article is based on the trend nationally. Here in Edmonton and Alberta in general our market our market isn't following the national trend. Of course we did not follow the national trend in the previous couple of years when our valuation growth was incredible. Right now the have lots of homes coming on the market... more so than we are seeing the number of buyers coming to the market. This is still indicates to me that we are going to see continued downward pressure on valuations.
To price your own home online for free visit us at: www.TeamLeadingedge.ca
Economists say Canada has become one of the safer places in the developed world to own residential real estate.
“The dynamics of house prices in Canada are in line with what we would expect based on fundamentals of the economy,” said Roberto Cardarelli, senior economist at the IMF.
Canada and Austria were the only two of 17 countries included in the study in which house prices appeared to be lower than where they should have been at the end of the period from 1997 to 2007, said Mr. Cardarelli.
For each country in the study, house price growth was modeled as a function of the following: an affordability ratio, growth in disposable income per capita, short and long-term interest rates, credit growth, changes in equity prices and changes in the working age population. The study used data from 1997 to 2007.
Canada is in better shape than many other countries and home prices here aren’t expected to drop this year, said Benjamin Tal, senior economist at CIBC World Markets Inc.
Source: Globe and Mail - April 10, 2008
Personal Note:
This article is based on the trend nationally. Here in Edmonton and Alberta in general our market our market isn't following the national trend. Of course we did not follow the national trend in the previous couple of years when our valuation growth was incredible. Right now the have lots of homes coming on the market... more so than we are seeing the number of buyers coming to the market. This is still indicates to me that we are going to see continued downward pressure on valuations.
To price your own home online for free visit us at: www.TeamLeadingedge.ca
Tuesday, April 15, 2008
CARBON MONOXIDE (CO) DETECTORS!
To view and search all MLS listed houses, condominium, and acrages in the Edmonton area visit me at http://www.findmyhouse.ca/
What you need to know:
What you need to know:
- Carbon monixide is a colourless ordorless gas. Low exposure can can health problems and high levels of exposure can be fatal.
- Detectors are recommended if your home has gas, oil or wood burning appliances, or if your home has an attached garage.
- Unborm and young children are the most susceptible, also seniors and those with a history of heart problems.
- Place detectors near sleeping rooms, or in the children's bedrooms.
- Check chimneys and vents for blockages and/or holes annually.
- Never start a vehicle, gasoline powered tools or BBQ in a closed garage.
- Never use your vehicle remote control while it is in a closed garage.
- Replace CO detectors every 5 years.
- If the alarm sounds, evacuate the house, including pets, and do a head count.
- CO detectors will be mandatory in new constructions starting in 2009.
You should install a CO detector in your house today
Source: Dave Watson, Canadian Residential Inspection Services (780) 909-8945
To price your own home online for free visit us at www.TeamLeadingEdge.ca
Sunday, April 13, 2008
THIS WEEK'S REAL ESTATE UPDATE - APRIL 13, 2008
To view and search all MLS listed homes in the Edmonton area visit us at: www.TeamLeadingEdge.ca
As of Sunday April 13, 2008 we have a total of 13,298 active listings on the Edmonton Real Estate Board, which consists of 6,753 residential listings, 3,481 condominiums and 1,316 acreages. That is a significant increase over last week.
In Edmonton proper we have we have 6,802 active listings, and we have had 1,068 sales in the last 30 days. That gives us a listings to sales ratio of 6.37:1, and increase from 6.24:1 that we had last week.
With ratios still in excess of 4:1 I expect to continue to see downward pressure on valuations unfortunately.
To find the value of your home online for free visit us at: www.TeamLeadingEdge.ca
As of Sunday April 13, 2008 we have a total of 13,298 active listings on the Edmonton Real Estate Board, which consists of 6,753 residential listings, 3,481 condominiums and 1,316 acreages. That is a significant increase over last week.
In Edmonton proper we have we have 6,802 active listings, and we have had 1,068 sales in the last 30 days. That gives us a listings to sales ratio of 6.37:1, and increase from 6.24:1 that we had last week.
With ratios still in excess of 4:1 I expect to continue to see downward pressure on valuations unfortunately.
To find the value of your home online for free visit us at: www.TeamLeadingEdge.ca
Friday, April 11, 2008
10 tips for new home buyers
To view and search all MLS listed house, condominium, and acrages for sale in the Edmonton area visit me at: www.findmyhouse.ca
Choosing a home to fit your lifestyle, determining what you can afford, and researching your builder are just three ways to make your home buying purchase less stressful
Buying a home is the single biggest purchase most of us will ever make and, as with most important purchases, it is vital to do your homework to ensure your new home fits your lifestyle and meets your expectations.
An important part of this preparation process is to learn more about all the benefits and resources available through Alberta New Home Warranty program.
1. Choose the type of home that meets your lifestyle
Read the real estate section of your local paper for information about new developments. Also, check out builders' websites for photos and floor plans.
2. Determine what you can afford
Once you've chosen the location and type of home that fits your needs, meet with a financial representative to determine a mortgage amount that you can comfortably afford. This ensures that you spend your time wisely on homes within your price range. You should also consider getting a pre-approved mortgage, which will allow you to shop with added confidence.
3. Research your builder
Ask the builder what associations they are member off. Many of these associations have strict standards of business conduct.
4. Attend educational seminars
These useful seminars are designed to help you learn from industry professionals about the new home buying process.
5. Talk with a real estate lawyer
It's important that you meet with a real estate or condominium lawyer before signing an Agreement of Purchase and Sale to make sure you understand exactly what is and is not included in the price of your new home.
6. Read the Homeowner Information Package
Take the time to review theInformation Package, which your builder will give to you before or during the pre-delivery inspection for your new home.
7. Prepare for your Pre-Delivery Inspection (PDI)
Be prepared for the pre-delivery inspection (PDI). It's your chance to do a thorough inspection of your new home to identify any items that are incomplete, damaged, missing or not operating properly, and have them taken care of before you move in. This is also a prime opportunity to ensure that everything has been built according to your Agreement of Purchase and Sale.
8. Become familiar with the new home warranty and submit forms on time (usually done by builder) Make sure that the builder provides you with copies of your warranty.
9. Maintain your home through the seasons
You've made a big investment in your home, so you should take care of it year-round. It's important to remember that ongoing maintenance helps to ensure that your statutory warranty is protected. So, after you've moved in, follow an annual maintenance routine and help keep your new home in top shape.
10. Enjoy all your new home has to offer
You've done a lot of research, decision-making and waiting by the time your reach this point. Now it's time to enjoy all the wonderful things your new home has to offer.
To price your own home online for free visit us at:www.teamleadingedge.ca
Choosing a home to fit your lifestyle, determining what you can afford, and researching your builder are just three ways to make your home buying purchase less stressful
Buying a home is the single biggest purchase most of us will ever make and, as with most important purchases, it is vital to do your homework to ensure your new home fits your lifestyle and meets your expectations.
An important part of this preparation process is to learn more about all the benefits and resources available through Alberta New Home Warranty program.
1. Choose the type of home that meets your lifestyle
Read the real estate section of your local paper for information about new developments. Also, check out builders' websites for photos and floor plans.
2. Determine what you can afford
Once you've chosen the location and type of home that fits your needs, meet with a financial representative to determine a mortgage amount that you can comfortably afford. This ensures that you spend your time wisely on homes within your price range. You should also consider getting a pre-approved mortgage, which will allow you to shop with added confidence.
3. Research your builder
Ask the builder what associations they are member off. Many of these associations have strict standards of business conduct.
4. Attend educational seminars
These useful seminars are designed to help you learn from industry professionals about the new home buying process.
5. Talk with a real estate lawyer
It's important that you meet with a real estate or condominium lawyer before signing an Agreement of Purchase and Sale to make sure you understand exactly what is and is not included in the price of your new home.
6. Read the Homeowner Information Package
Take the time to review theInformation Package, which your builder will give to you before or during the pre-delivery inspection for your new home.
7. Prepare for your Pre-Delivery Inspection (PDI)
Be prepared for the pre-delivery inspection (PDI). It's your chance to do a thorough inspection of your new home to identify any items that are incomplete, damaged, missing or not operating properly, and have them taken care of before you move in. This is also a prime opportunity to ensure that everything has been built according to your Agreement of Purchase and Sale.
8. Become familiar with the new home warranty and submit forms on time (usually done by builder) Make sure that the builder provides you with copies of your warranty.
9. Maintain your home through the seasons
You've made a big investment in your home, so you should take care of it year-round. It's important to remember that ongoing maintenance helps to ensure that your statutory warranty is protected. So, after you've moved in, follow an annual maintenance routine and help keep your new home in top shape.
10. Enjoy all your new home has to offer
You've done a lot of research, decision-making and waiting by the time your reach this point. Now it's time to enjoy all the wonderful things your new home has to offer.
To price your own home online for free visit us at:www.teamleadingedge.ca
Wednesday, April 9, 2008
JUST LISTED - 208 OMAND DRIVE
To view and search all MLS listed houses, condominiums and acrages in the Edmonton area visit me at http://www.findmyhouse.ca/Location, Location!!
This custom built 2 storey home is just steps away from the Ravine and the clock tower in the prestigeous Ogilvie Ridge area of Riverbend. This custom home was designed by Carriage Homes and is situated on a lovely large lot with mature landscaping and numerous tress & shrubs. The tiered back yard also features an interlocking brick patio. The large garage is oversize. Open floor plan with vaulted ceilings in the living room complete with newer hardwood floors. Comtemporary kitchen, and good size dining room. The family room opens to kitchen featuring large windows and woodburning fireplace overlooking the beautiful backyard. The master bedroom complete with ensuite and soaker tub. You will not believe the size of the closet in this room. The basement is fully finished including brand new upgraded imported cork floor in rec room, and new 9 mm laminent flooring in excercise room that could be used as 5th bedroom. The basement also has a 3 pce. bath. Asking $619,899
To view this home and get more information visit me at: http://www.findmyhouse.ca/view_listing/Ogilvie_Ridge/mls/E3138101
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Monday, April 7, 2008
PREVENTATIVE FOUNDATION CHECKLIST
To view and search all MLS listed houses, condominiums, and acrages in the Edmonton area visit me at: www.FindMyHouse.ca
Most homeowners view their foundation or concrete floor slab as a massive and invulnerable object. It is indeed quite strong and one component of a house that usually does not need renovation over the years. However, foundation damage can occur from flooding or detrimental soil conditions; and of course, water intrusion is also a concern.
Some simple tips can help keep your foundation fit and solid for many years to come:
Avoid planting trees and even large shrubs close to your foundation. Over the years, growing roots could push against foundation walls and draw moisture from the soil under foundation footings. Uneven moisture levels can be especially problematic in areas with expansive soils.
Maintain a positive slope away from the foundation for at least five feet. Water seepage or even stains or heavy mineral deposits (efflorescence) on foundation walls can indicate the presence of soil-moisture conditions that can contribute to foundation movement. Check and improve the exterior grading and drainage, if needed, as the first step in keeping moisture away – and minimizing the potential for excessive soil pressures that could adversely affect the foundation.
Check your gutters and downspouts. Make sure they are functioning properly and directing water away from the foundation.
Check your sump pump. If your basement or crawlspace has a sump pit and pump, be certain that there are no obstructions near the pump that could impede its operation. Be sure that the pump’s discharge line directs the water far away from your foundation wall; otherwise, you could end up with “re-circulating” water. If you are in an area vulnerable to power outages and you rely heavily on your sump pump, consider supplementing it with a battery-powered backup model.
Address any changes in your foundation immediately. After initial house settlement occurs soon after construction, there should be no significant changes in the foundation. If you note any new or expanding cracks, or a sudden change in the amount of seepage, the foundation should be looked at immediately.
Paying close attention to current and possible future stresses on the foundation can help prevent costly and timely repairs in the future. A home’s structure is only as strong as its foundation, so keeping it strong – and watertight – should be every homeowner’s priority.
Remember, these tips are only general guidelines. Since each situation is different, contact a professional if you have questions about a specific issue.
To evaluate the value of your home online for free visit us at www.TeamLeadingEdge.ca
Most homeowners view their foundation or concrete floor slab as a massive and invulnerable object. It is indeed quite strong and one component of a house that usually does not need renovation over the years. However, foundation damage can occur from flooding or detrimental soil conditions; and of course, water intrusion is also a concern.
Some simple tips can help keep your foundation fit and solid for many years to come:
Avoid planting trees and even large shrubs close to your foundation. Over the years, growing roots could push against foundation walls and draw moisture from the soil under foundation footings. Uneven moisture levels can be especially problematic in areas with expansive soils.
Maintain a positive slope away from the foundation for at least five feet. Water seepage or even stains or heavy mineral deposits (efflorescence) on foundation walls can indicate the presence of soil-moisture conditions that can contribute to foundation movement. Check and improve the exterior grading and drainage, if needed, as the first step in keeping moisture away – and minimizing the potential for excessive soil pressures that could adversely affect the foundation.
Check your gutters and downspouts. Make sure they are functioning properly and directing water away from the foundation.
Check your sump pump. If your basement or crawlspace has a sump pit and pump, be certain that there are no obstructions near the pump that could impede its operation. Be sure that the pump’s discharge line directs the water far away from your foundation wall; otherwise, you could end up with “re-circulating” water. If you are in an area vulnerable to power outages and you rely heavily on your sump pump, consider supplementing it with a battery-powered backup model.
Address any changes in your foundation immediately. After initial house settlement occurs soon after construction, there should be no significant changes in the foundation. If you note any new or expanding cracks, or a sudden change in the amount of seepage, the foundation should be looked at immediately.
Paying close attention to current and possible future stresses on the foundation can help prevent costly and timely repairs in the future. A home’s structure is only as strong as its foundation, so keeping it strong – and watertight – should be every homeowner’s priority.
Remember, these tips are only general guidelines. Since each situation is different, contact a professional if you have questions about a specific issue.
To evaluate the value of your home online for free visit us at www.TeamLeadingEdge.ca
Sunday, April 6, 2008
THIS WEEK'S REAL ESTATE UPDATE - APRIL 06, 2008
To view and search all MLS listed homes in the Edmonton area visit us at: www.FindMyHouse.ca
The listing inventory is going up as more and more people place the homes up for sales. Currently in Edmonton proper we have 6,482. The number of sales in the last 30 has also gone up but unfortunately not proportional to the number of listings.
In the last 30 days we have had 1,036 sales. That give us a listings to sales ratio of 6.24:1 again an increase over last week.
With a ratio this high I expect more pressure on valuation.
The listing inventory is going up as more and more people place the homes up for sales. Currently in Edmonton proper we have 6,482. The number of sales in the last 30 has also gone up but unfortunately not proportional to the number of listings.
In the last 30 days we have had 1,036 sales. That give us a listings to sales ratio of 6.24:1 again an increase over last week.
With a ratio this high I expect more pressure on valuation.
Saturday, April 5, 2008
WINTER-END ROOF CHECK
To view and search all MLS listed houses and condominiums in the Edmonton area visit me at: http://www.findmyhouse.ca/
The cold and storms of the winter season can wreak havoc on the exterior of a home and the surrounding property. Sometimes it isn’t that there is significant damage, but simply the fact that it may have been several months since you last paid attention or attempted any outdoor maintenance. Now is the time to do a winter-end check to make sure everything is in order and ready to withstand those spring time showers and the pending heat of summer.
While all exterior areas should be checked periodically, one area that typically requires special attention at the end of the winter season is the roof. To identify possible roofing concerns, look for:
Ceiling stains – A possible warning sign that your roof system needs repair or replacement. If localized, it may be an isolated point of damage or flashing leak. Ceiling stains can also be associated with excessive attic moisture and/or ice dam conditions, which may require additional attic ventilation and/or insulation to prevent a recurrence. If there are stains on lower level ceilings, a plumbing leak could be the cause.
Loose or missing shingles – Any loose or missing shingles should be repaired or replaced immediately to avoid additional leakage and damage to the roof deck or interior of your home.
Loose, lifted or cracked flashing – This is the metal or other type membrane found at the base of chimneys and roof penetrations. Damaged flashing should be repaired to prevent leakage.
Loose, lifted or cracked flashing – This is the metal or other type membrane found at the base of chimneys and roof penetrations. Damaged flashing should be repaired to prevent leakage.
Lifted or curled shingles – This may be an indication the roof is worn and near or at the end of its service life. If found just in an isolated area, spot replacement may be possible, but if widespread, get a professional opinion on the roof’s condition.
Heavy granules buildup in gutter or at base of downspouts – The granules on roof shingles gradually wear away to the point where the underlying material is exposed over large areas. Once this happens the rate of shingle deterioration accelerates. If excessive, it may indicate aging shingles that need replacement.
If you have questions on your roof system, consider utilizing the services of a professional home inspector or qualified roofing contractor to determine conditions.
Remember, these tips are only general guidelines. Since each situation is different,
contact a professional if you have questions about a specific issue. More home
safety and maintenance information is available online at http://www.housemaster.com/
contact a professional if you have questions about a specific issue. More home
safety and maintenance information is available online at http://www.housemaster.com/
To price you own home online for free visit us at: www.TeamLeadingEdge.ca
Friday, April 4, 2008
Current Interest Rates - April 04, 2008
To view and search all MLS listed homes in the Edmonton area visit me at: www.FindMyHouse.ca
To view current mortgage interest rates please click here to view it online.
Do you have a client who needs a mortgage approval? Click Here
Lee PolitanoManager, Residential Mortgages TD Canada Trust
780-264-1749
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
To view current mortgage interest rates please click here to view it online.
Do you have a client who needs a mortgage approval? Click Here
Lee PolitanoManager, Residential Mortgages TD Canada Trust
780-264-1749
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Thursday, April 3, 2008
Bank of Canada says more rate cuts likely
To view and search all MLS listed homes in Edmonton and area visit me at: http://www.findmyhouse.ca/
The continued economic slowdown in the United States will likely mean further interest rate cuts from the Bank of Canada, the central bank's second in command confirmed today. "The most immediate challenge facing the global economy is the marked slowdown in the U.S. economy," Bank of Canada deputy governor Paul Jenkins told a London, Ont. audience this morning.
"This slowdown involves several interconnected elements, and, given our close trade links to the United States, has very direct consequences for Canada." Jenkins noted that some slowing in global economic growth was necessary and "levels of economic activity around the globe were straining capacity limits and beginning to put upward pressure on inflation." He re-emphasized the Bank's focus on keeping inflation low, stable and predictable. He said Canada's strong domestic demand has thus far offset a weak export market. "Monetary policy has been calibrated based on judgments about the relative strengths of these competing forces, with an eye firmly fixed on the policy objective of keeping inflation at our 2% target," he said. At the moment, total CPI inflation in Canada is 1.8% and excluding the one-time effect of the January GST cut, it is 2.4%, while core inflation-which excludes the more volatile factors such as energy and food-is 1.5%. Jenkins said the correction in the U.S. housing markets and the spreading to other part of the U.S. economy coupled with tight credit conditions throughout the world means "the risks surrounding the Canadian economy have shifted to the downside, resulting in [the bank's] decision to lower our policy interest rate by 50 basis points to 3.5%." He then reminded the London Chamber of Commerce audience that "further monetary stimulus will likely be required in the near term to keep aggregate supply and demand in balance and to achieve the 2% inflation target over the medium term." The whole meltdown in the U.S., which is by no means over, can be seen as an "overdue repricing of risk, a recognition of losses, and a recapitalization of balance sheets," Jenkins added. In general, he said the global economy, and by extension Canada's, faces three key challenges:
the slowdown of the U.S. economy and the associated financial turbulence, global trade imbalances and competition from emerging-market countries. As far as solutions go, the deputy governor suggested the private sector needs to increase transparency in financial products, improve risk and liquidity management and develop more rational, better-aligned incentives. To readjust the trade surplus problem, the he said countries with large surpluses need to rely more on domestic demand as a source of growth, and those with deficits (mainly the U.S.) need to increase their national savings rate. And, he added, exchange rate flexibility needs to be beefed up. As competition from developing economies intensifies, Jenkins believes the growth of emerging-market economies represents a tremendous opportunity for Canadian businesses, rather than a threat. "We need to exploit our comparative advantages and see these rapidly expanding markets as places to do business," he said. As for the struggles that Ontario is facing, particularly in its manufacturing sector, Jenkins said it points to "the need for adjustment within the Ontario economy." Overall, he said it's important for Canadians to remember that market-based adjustment mechanisms are vital and price signals will help decision-making. He stressed the importance of policies that encourage initiative and innovation. "The global forces at play are not going to disappear any time soon," he said.
"We therefore need to encourage flexibility and adaptability in the Canadian and Ontario economies. In other words, more needs to be done to enhance the functioning of our internal markets." The Bank of Canada's next interest rate announcement is scheduled for April 22.
Source: Article from the "Investment Executive".
To value the price of your house or condominium online for free visit us at: http://www.teamleadingedge.ca/
Wednesday, April 2, 2008
New Listing - April 02, 2008
To view and search all MLS listed houses and condominiums in the Edmonton area visit us at: http://www.findmyhouse.ca/
Address: 1240 Joyce Crescent Price: $429,900
Executive Jackson Heights location. This 1798 sq.ft. 4 level split boast vaulted, 4 bedrooms, 3 full baths including a 3 pce. ensuite, large eat-in kitchen, oak cabinets, walk-in pantry, fireplace in the family room, and a deck. Shows like a brand new showhome.
To view more information and pictures click on the following link:
http://www.teamleadingedge.ca/view_listing/Jackson_Heights/mls/E3136863
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Tuesday, April 1, 2008
Open House - Sunday April 06, 2008
To view and search all MLS listed houses and condominiums in the Edmonton area visit me at: http://www.findmyhouse.ca/
603 Leger Way - In Prestigeous Whitemud Oaks area of Riverbend
List Price: $518,800
Sunday April 06, 2008
1 - 4 pm
To view more details on this property click jon the following link http://www.teamleadingedge.ca/view_listing/Leger/mls/E3136278
Beautiful brand new custom built 2250 sq.ft. 2 story home in the prestigious Whitemud Oaks area of Riverbend. Conveniently located within walking distance to Archbishop Joseph MacNeil school and near the future 90 million dollar Rec. Centre. Home features rich hardwood floor, upgrade tiles in the bathrooms, island kitchen with stainless steel appliances and walk-in pantry, jacuzzi ensuite with separate shower, walk-in closet in 2 bedrooms, upgraded doors, trim and fixtures. The laundry is located on the main floor. There is an open loft upstairs over looking the main floor living room with 17 foot ceiling.
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
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