Real Estate News from Chad & Scott Campbell October 2017   

 
Purchasing a rental property can be a wise investment decision but being a landlord isn’t for everyone.  This month's article outlines the various pros and cons of this real-life monopoly game.


There are also a few tips on how to take great photos with your smartphone as well as an amazing recipe for a ghoulish Halloween punch that your guests will never forget!

Thanks so much for checking out this month's newsletter.  Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Chad & Scott

In this issue...
National Real Estate Market Update 
Canadian home sales edge up again in September.

According to statistics released by The Canadian Real Estate Association (CREA), Association (CREA), national home sales in September rose modestly from the previous month but remained down from levels recorded one year ago.

The number of homes sold via Canadian MLS® Systems edged up 2.1% in September 2017.  The small gain builds on an even smaller increase in August, but leaves national home sales almost 12% below the record set in March.

Activity was up between August and September in about half of all local markets, led by Greater Vancouver and Vancouver Island, the Greater Toronto Area (GTA), London and St. Thomas, and Barrie.  In and around the Greater Golden Horseshoe region, some markets posted monthly sales gains while activity in others remained near recent lows or fell further.

Actual (not seasonally adjusted) activity was down 11% in September 2017 compared to the record for the month in 2016.  Sales were down from year-ago levels in close to three-quarters of all local markets, led by the GTA and nearby housing markets.

"National sales appear to be stabilizing," said CREA President Andrew Peck.  "While encouraging, it's too early to tell if this is the beginning of a longer-term trend.  The national result continues to be influenced heavily by trends in Toronto and Vancouver but housing market conditions vary widely across Canada.  All real estate is local, and REALTORS® remain your best source for information about sales and listings where you live or might like to."

"Further tightening of federal regulations aimed at cooling housing markets in Toronto and Vancouver risks creating collateral damage in markets elsewhere in Canada," said Gregory Klump, CREA's Chief Economist.  "It also jeopardizes Canadian economic growth, which is already showing signs of fading."

The number of newly listed homes rebounded by almost 5% in September following three consecutive monthly declines.  The national result was largely the result of a jump in new supply in the GTA.

With new listings up by more than sales in September, the national sales-to-new listings ratio eased to 55.7% compared to 57.2% in August.  A national sales-to-new listings ratio of between 40% and 60% is generally consistent with balanced national housing market, with readings below and above this range indicating buyers' and sellers' markets respectively.

That said, this rule of thumb varies among local markets.  Considering the degree and duration that current market balance is above or below its long-term average is a more sophisticated way of gauging whether local housing market conditions favour buyers or sellers.

The Lowdown on Being a Landlord 
Rental properties can be appealing but they’re not for everyone.


Purchasing a rental property that you yourself can also live in is a great way to get your foot in the door, so to speak.

It's much easier to afford a property if you have someone paying rent and the best part is you don't even have to put up with a roommate!

It's also easier to maintain your investment property if you're on site to cut the grass and perform other general repairs.

Finally, you’ll be able to write off a portion of your mortgage interest, property taxes, insurance, utilities, maintenance, etc. come tax time.

There are however a few points you’ll want to take into consideration as being a landlord can sometimes be challenging and if you don’t treat it like a business, it won’t be a success.

For instance, having an emergency fund is essential as you’ll be responsible for immediate problems such as a broken furnace or leaky roof as well as overseeing ongoing maintenance.  It's also common to be in between tenants from time to time so you'll have to budget for lost rent.

Furthermore, even the most reliable tenants can be late with their rent which will turn you from investor to collector.  Dealing with disagreeable tenants can also be hard work.  If this is something you feel uncomfortable with, you may want to consider hiring a property manager.


As with any property purchase, it's important to seek professional advice from your real estate agent to ensure you buy the right property, at the right time, in the right location.  If you'd love to operate your own business and are able to plan for the unexpected, being a landlord might be a great fit for you!

Picture Perfect Smartphone Snaps 
Fancy filters aren’t the only way to make your photos pop!

Smartphones now have digital cameras that are capable of almost anything!  Here are a few simple tips on how to take fantastic photos:

  1. Avoid the Zoom - The quality of your photos will be much better if you crop instead of zoom.


  2. Clear View - Clean your lens as the grime that collects will cause your images to turn out dark and hazy.


  3. Rule of Thirds - Create natural looking photos by positioning the focal point a little to one side instead of in the middle.

  4. Add an App - Android and iPhone devices have various apps that are loaded with great features to help make your pictures pop!

  5. Play with Perspective - Take photos from unique angles such as kneeling or lying down.  If you’re taking a selfie or a portrait of another person, hold the phone a little higher.

These tips will help you take professional looking photos that you’ll be proud to show off!  Just be sure to keep an eye on your storage space as there’s nothing more frustrating than getting the “insufficient storage” message when you’re trying to take the perfect shot.

Worm Juice Anyone? 
Mix up a ghoulish drink that your Halloween guests won’t forget!

Send chills and thrills to your Halloween guests this year by brewing up a batch of scary punch!  All you need for this spooktacular blood red drink is:

  • 4 10-oz. pkgs. of frozen strawberries, defrosted
  • 2 6-oz. cans of lemonade concentrate, thawed
  • 1 bottle of lemon lime beverage
  • 1 bottle of cranberry or grape juice
  • ping pong eyeballs & plastic spiders
  • gummy worms & candy corn

Freeze some candy corn in ice cube trays.  Next, blend the lemonade concentrate and strawberries and transfer to a punch bowl with the lemon lime beverage, cranberry juice, candy corn ice and ping pong eyeballs.  Finally, garnish the punch bowl with gummy worms and plastic spiders.



PS Are you tired of playing telephone tag with agents only to hear "it's already been sold"?  Sit back, relax and let us do the work for you!  Just visit our website and check off the features you're looking for.  Whenever a home or cottage that matches your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing out on the perfect place ever again!

Not meant to solicit clients already under contract.