Real Estate News from Chad & Scott Campbell December 2018   

 
A new year brings new ideas on how we can be happier and healthier but it’s also a great time to set goals for our home. This month's article offers some advice to help you get your home in order.

There are also a few ideas that will help you reduce your carbon footprint this holiday season as well as a delicious recipe for candied pecans that will have everyone coming back for more!

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...
Bank of Canada Rate Update 
Bank of Canada keeps rates on hold in December.

In line with financial market expectations, the Bank of Canada announced on December 5, 2018 that it was keeping its trend-setting overnight lending rate unchanged at 1.75%.

The Bank’s announcement highlighted several downside developments and risks for Canadian economic growth, including weakened growth prospects for the Canadian energy sector.

Additionally, it signalled potentially keeping interest rates steady when it makes its next announcement in January, saying, “Downward historical revisions by Statistics Canada to GDP, together with recent macroeconomic developments, indicate there may be additional room for non-inflationary growth.”

The bottom line is that while the Bank still thinks its overnight rate will rise to the “neutral range” – which is between 0.75% and 1.75% higher than is today – but there are now more reasons why it may take longer to get there.

As of December 5, the benchmark five-year lending rate was still 5.34%, where it has been since May. This is 0.35% above where it stood a year ago and 0.7% above where it was from mid-2015 through mid-2017. As of January 1, 2018, all mortgage applicants must qualify for financing based on an interest rate no less than the benchmark five-year lending rate, as published on a weekly basis by the Bank of Canada.

Canada’s major chartered banks are currently advertising five-year fixed mortgage interest rates ranging from 3.89% to 5.59%. Homebuyers can often negotiate a rate below lenders’ advertised rates depending on their creditworthiness and the degree to which they do other banking business with the mortgage lender.

The next interest rate announcement will be on January 9, 2019. It will be accompanied by The Monetary Policy Report, which updates the Bank’s economic forecast.

New Year's Resolutions for Your Home 
Think outside the box this year by setting resolutions for your home!

January opens up new possibilities for our health and wellbeing but have you ever thought about making resolutions for your home? Here are a few ideas to consider:

  1. Just Do It! - Tackle a major item on your to-do list such as cleaning out the basement or painting the bathroom.


  2. Cut Back - Seal and insulate your ductwork then set goals to reduce bills such as turning off lights and reducing water consumption.


  3. Plant It - There are many ways to improve the quality of your indoor air but start off by adding plants to naturally filter the air you breathe.

  4. Basket Case - Purchase baskets to organize everyday items such as remotes and controllers so they don’t just get tossed around the room.

  5. Keep it Clean - Take just 10 minutes each day to walk through and put everything back in its home. Get the entire family involved!


  6. Safety First - Make sure your carbon monoxide and smoke detectors are in good working order and that you have a family escape plan in place.


  7. The Purge - Go through your home one room at a time each month and purge any items you no longer have interest in and instead, fill your home with things that make you feel good.

In addition to the above tips, you can also introduce a new resolution for your home each month to help break up the year. For example, in January you can declutter, in February you can brush painting off your list and so on. Home is where the heart is, so it makes sense that a harmonious home will lend itself to a happier overall life.

Enjoy an Eco-Friendly Holiday Season 
A few small changes will have you dreaming of a green Christmas!

The holiday season is a magical time of year but it can also be a time of great waste. It’s easy though to enjoy Christmas cheer and still cut your carbon footprint. Here are a few ideas:

  1. Decorate Naturally - Bring the scent of nature into your home with evergreens, fir cones and cranberries.

  2. Think Outside the Box - All those gift bags, ribbons and bows account for an incredible amount of waste so try and reuse old wrapping paper.

  3. Light Up Mindfully - Everyone loves the twinkle of holiday lights but for the sake of the environment, use LED lights and remember to turn them off before going to bed.

  4. One, Two, Tree - Real trees take in carbon dioxide and release oxygen all while sustaining the local economy. Artificial trees, on the other hand, can't be recycled and may contain toxins.

The holiday season is a great opportunity to start eco-friendly family traditions that will hopefully be passed down for many generations to come. Better still, these methods are as easy on your wallet as they are on the environment!

Wildly Addictive Candied Pecan Recipe 
Not only are they delicious, but your home will smell amazing too!

Candied pecans are delicious! They’re so good that they’ll likely disappear before they make it to the salad, cake, gift jar or dessert they were intended for. Here’s how you make them:

  • 1 cup white sugar
  • 1 tsp ground cinnamon
  • 1 tsp salt
  • 1 egg white
  • 1 tbsp water (or substitute vanilla extract)
  • 1 pound of pecan halves

Preheat oven to 250°F and mix the sugar, cinnamon and salt together in a bowl. Whisk the egg white and water together in another bowl until frothy. Next, toss the pecans in the egg white mixture then coat the pecans with the sugar mixture. Finally, spread the coated pecans onto a baking sheet lined with parchment paper and bake for an hour, making sure to stir every 15 minutes. Enjoy!



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