Muskoka & Haliburton Real Estate News from David Thorpe January 2018   
  Real Estate News




David Thorpe
Sales Representative

Lakes of Muskoka Realty
100 West Mall Road
Bracebridge, Ontario
705-644-9819 or 1-800-606-2636
www.MuskokaAgent.com


 
One of the biggest decisions house hunters have to make is whether to go old or new. This month's article will hopefully help make the decision a little easier.

There are also some tips on what to do if you hear strange noises coming from your home as well as the lowdown on geocaching which is a fun and healthy way to enjoy the great outdoors this winter!

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!

David

In this issue...
Bank of Canada Rate Update 
Bank of Canada increases overnight rate to 1 1/4 per cent.

The global economy continues to strengthen, with growth expected to average 3 1/2 per cent over the projection horizon.

However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook.

Growth in advanced economies is projected to be stronger than in the Bank’s October Monetary Policy Report (MPR). In particular, there are signs of increasing momentum in the US economy, which will be boosted further by recent tax changes.

In Canada, real GDP growth is expected to slow to 2.2 per cent in 2018 and 1.6 per cent in 2019, following an estimated 3.0 per cent in 2017. Growth is expected to remain above potential through the first quarter of 2018 and then slow to a rate close to potential for the rest of the projection horizon.

Consumption and residential investment have been stronger than anticipated, reflecting strong employment growth. Business investment has been increasing at a solid pace, and investment intentions remain positive. Exports have been weaker than expected although, apart from cross-border shifts in automotive production, there have been positive signs in most other categories.

Looking forward, consumption and residential investment are expected to contribute less to growth, given higher interest rates and new mortgage guidelines, while business investment and exports are expected to contribute more. The next scheduled date for announcing the overnight rate target is March 7, 2018.

Old or New; What's Best for You? 
There are various pros and cons with newer and older homes.

Home buyers face countless decisions when purchasing a home. One of the first things to figure out is whether you prefer a newer home or an older home.
 
Comparing newer and older homes can be tricky as it depends on individual preferences as well as family priorities. Here are a few advantages of older homes:

  1. Solid as a Rock - The craftsmanship that went into building homes years ago was usually second to none.



  2. Old World Charm - Older homes usually boast unique architectural features such as crown moulding and stained glass windows.

  3. Location - Older homes are often located in well established communities with mature trees. They're also usually close to popular downtown amenities.

  4. Outdoor Space - Older homes usually have larger lots which is important if you value your privacy or wish to possibly extend your home in the future.

Newer homes on the other hand have their own unique set of advantages. Here are just a few points to consider:

  1. Customizable - You can customize a brand new home to your own tastes with options like heated floors or granite countertops.

  2. Functional - Newer homes are laid out with functional features such as attached garages, larger storage areas and ensuite bathrooms.

  3. Low Maintenance - You're not likely to encounter any serious issues as everything's brand new. The home's exterior will also be much easier to maintain.

  4. Energy Efficient - Better windows, insulation and appliances mean newer homes are more energy efficient which translates into lower monthly utility bills.

Newer homes are usually more functional but older homes offer a level of character that new homes can't match. You may already have a good idea of what you prefer but keep an open mind as you become more familiar with the pros and cons of each. This is one of the biggest investments you'll ever make so do your research before signing on the dotted line!

Things that go Bump in the Night 
Are your home’s strange sounds keeping you up at night?

Part of settling into a new home is figuring out what noises are normal. Most are nothing to worry about but some could signal a deeper issue. Here are a few that you should pay attention to:

  1. Furnace Noises - A humming noise is normal but loud pops, scraping, grinding or squealing sounds should be checked out professionally.



  2. Scratching Sounds - The dreaded sound of scratching likely means you have rodents that are making themselves at home so take notice before it gets out of hand.



  3. Running Water - Check for leaks and water damage around the home. If you can’t figure it out quickly, call a plumber as it could mean a broken pipe.

  4. Gurgling Toilet - Gurgling noises coming from the toilet could signal a blockage in the toilet or drain, a blockage in the vent stack or a main sewer drain blockage.



  5. Noisy Fridge - Some whirring and clicking is normal but if your fridge is cracking or popping, it could be a compressor or a temperature regulation issue.

You can expect to hear some noises coming from your home as the various building materials will contract and expand. Just keep an ear out for anything unusual and don’t hesitate to call a professional if in doubt! 

GeoCaching -- High Tech Hide and Seek 
If your New Year’s Resolution was to get active, consider geocaching!

Geocaching is a high tech treasure hunt where a GPS app is used to locate various hidden caches. It's a great way to get active with your family while exploring the great outdoors!

Geocaches are hidden stashes that contain small treasures along with a logbook. Once you find a geocache, you replace the treasure with something of your own, log in your details and then check-in online.

Exploring hometown hiking trails takes on a whole new meaning when geocaching and the best part is it doesn't cost a cent! Instead of searching around for the remote this Sunday afternoon, head outdoors for a real life treasure hunt!



PS Are you sick of scouring the web looking for cottages? Tired of playing telephone tag with agents only to hear that it's already been sold?  Sit back, relax and let me do the work for you!  Just visit my website and check off the features you're looking for.  Whenever a home or cottage matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing out.

Not meant to solicit clients already under contract.