Archive for James' Real Estate News

Get ready for colder weather

It is now time to pull out those favourite sweaters from the back of the closet and dust off those wool blankets, because cool, wintry days are just about upon us.

The autumn is also the right time to prepare your home for Old Man Winter.
With advice from some Lower Mainland experts, The Sun has compiled a number of fall “to do list” chores. Their advice will ensure you get your home ready for the cold weather ahead, avoid costly heating bills and even worse — possible expensive repair bills.
Roof and gutters:
The changing colours of the leaves are beautiful but once they die off, they can make a mess of your roof and gutters.
“As the leaves fall, you need to keep them off the roof because as they decay, they will break down your cedar shingles,” says Richard Kalnins, service and maintenance manager at Cambie Roofing and Drainage. “Your roof needs regular maintenance. However, no one should get up there unless they know what they are doing, otherwise, it can be dangerous.”
The roof should be swept or gently blown off to remove any loose debris.
“Also, try to get as much of the rooted moss off your roof, and to avoid that problem in the future, buy some zinc strips,” says Kalnins, adding most Lower Mainland roofs are made of cedar shakes or asphalt. “You place them under the ridge caps and the peak of your roof.”
Then, flush out your gutters with a garden hose or vacuum.
“Once the roof and gutters are cleaned properly, inspect for leaks and misaligned pipes,” Kalnins adds. “Then, check your roof for curled, warped, cracked or buckled shingles, as they will need to be replaced.”
Furnace:
A smooth-running furnace can save a lot of headaches later on, so the first order is make sure to change your filters often, every six weeks or so, says Mark Cooper, president and CEO of Shakespeare Homes & Renovations.
“Do a furnace inspection and stock up on furnace filters . . . if your filter is clogged, your furnace won’t run as efficiently, which costs you more money to heat your house,” says Cooper. “Have a furnace inspection and cleaning done yearly to keep it in good working order.”
Draftproofing:
Wait for a windy day, then, with a lit incense stick placed close to windows, door frames, electrical outlets and recessed lighting, slowly move it across and see if there’s movement, says Simi Heer, media relations for BC Hydro, Power Smart.
“If it moves, that’s a clear indicator that there’s a draft or leak,” Heer says, adding drafts are expensive and a waste of energy. “They can be easily fix it with caulking or weather stripping . . . super-easy fix and not expensive.”
Another simple way to save on your heating bill is to keep your southerly window covering open during the winter, to allow the sun to heat your home, says Heer.
Meanwhile, years of wear and tear can cause doors to allow heat escape.
“An easy solution is to seal any gaps or cracks by installing weather stripping and caulking at the bottom of the door and on the sides to block off air,” says Heer. “Heat can also escape through your wood-burning fireplace.
“A slab of Styrofoam, covered with cloth and pushed into the rectangular front of your fireplace can correct heat loss.”
To keep cool air out, keep your chimney damper closed when the fireplace isn’t in use.
“You can also purchase a protective cap with a screen for your chimney, keeping foreign object, like birds, out,” she says.
According to Heer, thermal insulation, when correctly installed, slows heat from escaping your home in winter and from entering your home in summer, making your home more comfortable and saving money on energy bills.
Cooper echoes Heer and adds: “Check your attic and basement’s insulation to make sure it’s properly in place … then, update to a more energy-efficient insulation or increase the amount of insulation you have, because you can be losing lots of heat.”
Outside pipes:
Wrap those pipes — a burst pipe caused by a winter freeze is a costly nightmare.
“Before the first frost, you must unplug your garden hoses, drain them and shut off your turnoff valve inside your house,” says Heer. “In our B.C. weather, you can install Styrofoam cups with a screw attachment to help insulate spigots.”

-Michelle Hopkins, Vancouver Sun

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Energy Saving Tips for a Vancouver winter

Q What can I do to reduce the impact of the gas rates on my gas bill this winter?

If you don’t already have one, consider installing a programmable thermostat.
A Here are some suggestions to help you save energy and money:
1. Every degree that you set your thermostat lower will help you save on your heating costs. For example, set your thermostat to 20 C when you’re home and to 17 C when you go to bed or when you’re away from home.
If you don’t already have one, consider installing a programmable thermostat. Honeywell (1-866-251-2397) carries a full line of very user- friendly models that are simple to install and program.
2. Service and tune your furnace or boiler regularly for safety, efficiency and maximum energy.
Follow the manufacturer’s guidelines, which may include annual maintenance. If you have a forced -air system, clean or replace the filter regularly.
3. Add or upgrade weather stripping around exterior doors and replace broken caulking around windows — inexpensive ways to keep drafts out.
4. If you are looking for a new heating system, choose a high-efficiency model with a rated efficiency greater than 90 per cent.
5. Choose an energy-efficient water heater. Consider installing a Tankless Hot Water Heater; also known as Instantaneous or Demand Water Heater.
Tankless heaters heat water on demand, saving the energy used to keep the tank warm.
6. Consider upgrading windows and insulation in your home to increase comfort and save energy.

- Shell Busey, The Province

Strong spring market carries into summer months

VANCOUVER, B.C. – August 5, 2009 – The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 4,114 in July 2009, becoming the highest volume of sales ever recorded within the REBGV for that month, outpacing the 4,023 sales in July 2003, which is the only other year that July sales exceeded the 4,000 mark.

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 9.2 per cent to $528,821 from $484,211. However, home prices compared to July 2008 levels are down 5 per cent.

“Home sales this summer are seasonally higher than normal, which is due in large part to the price correction that has taken place in the last year and low interest rates,” Scott Russell, REBGV president said. “Although wellpriced listings and lower-to mid-range priced properties remain in the highest demand across Greater Vancouver, recent activity from first-time buyers is beginning to boost demand in the “move-up” segment of the market.”

New listings for detached, attached and apartment properties declined in Greater Vancouver, down 17.4 per cent to 5,041 in July 2009 compared to July 2008, when 6,104 new units were listed. At 12,482, the total number of property listings on the Multiple Listing Service® (MLS®) declined 5.8 per cent compared to last month and 34 per cent compared to July 2008.

“It is currently taking, on average, 48 days for a home to sell in the region. Today’s market activity differs by area and property type and it’s important to tap into local housing market expertise to understand why some properties are attracting multiple offers, while others are not moving,” Russell said.

July 2009 home sales declined 3.4 per cent compared to June 2009, but are up 89.2 per cent when measured against the 2,174 sales recorded in July 2008.


Bright spots in Greater Vancouver in July 2009 compared to July 2008:

DETACHED:

Burnaby up 121.7 per cent (153 units sold from 69)

North Vancouver up 53.3 per cent (115 units sold from 75)

Vancouver West up 104.5 per cent (180 units sold from 88)

South Delta up 203.1 per cent (97 units sold from 32)

APARTMENTS:

Burnaby up 72.8 per cent (235 units sold from 136)

Vancouver West up 94 per cent (584 units sold from 301)

New Westminster up 70.6 per cent (116 units sold from 68)

Coquitlam up 62.3 per cent (86 units sold from 53)

Port Moody/Belcarra up 138.1 per cent (50 units sold from 21)

Cade Crossing - 1110 Cawthra Ct. SOLD!!!

basement-suite011

1106-cawthra-kitchen_hdr1

- UNDER CONSTRUCTION (PICS OF SHOWHOME)

- 3814 sq.ft. (Includes finished & unfinished floor area)

- 5 Bedrooms

- 3 Bathrooms

- Unfinished Basment

CADE CROSSING - 1106 Cawthra Ct. SOLD!!

basement-suite011

1106-cawthra-kitchen_hdr1

- 4070 sq.ft.

- 7 Bedrooms

- 4 Bathrooms

- 2 Bedroom Legal Basement Suite

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