Muskoka & Haliburton Real Estate News from David Thorpe September 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


 
Inspecting your home each season decreases the need for expensive repairs. This month's article includes a fall maintenance checklist that will help keep your home in tip-top shape.

There are also some little-known uses for Epsom salt around the home as well as a few of the latest apps for all those proud pet parents out there!

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 keeps rates on hold in September.

In line with financial market expectations, the Bank of Canada announced on September 5, 2018 it was keeping its trend-setting overnight lending rate unchanged at 1.5%.

The Bank repeated its message that more interest rate hikes are on the way but reiterated that it will take a gradual approach, guided by incoming economic data and a recognition that the economy is more sensitive to interest rate movements now than it was in the past.

It specifically identified “elevated trade tensions” as “a key risk to the global outlook,” and said it would closely monitor “the course of NAFTA negotiations and other trade policy developments.”

While these risks may impact interest rate movements in the future, the Bank nonetheless said “recent data reinforce Governing Council’s assessment that higher interest rates will be warranted to achieve the inflation target,” with financial markets still betting on another quarter point hike at the end of October.

As of September 5, the benchmark five-year lending rate was still 5.34%. This is 0.5% 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 advertise five-year fixed mortgage interest rates ranging from 3.74% 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 October 24, 2018. It will be accompanied by The Monetary Policy Report, which updates the Bank’s economic forecast.

Fall Fix-Ups: Donít Let Your Home Fall Apart 
Stave off winter breakdowns by tackling tasks ahead of time!

Taking the time to regularly maintain your property is critical as it helps protect your most valuable investment.

It’s also much more cost effective to proactively fix small problems as opposed to fixing them once they're past the point of no return.

Regular maintenance should be part of your routine so here’s a fall home maintenance checklist to help keep you organized:

  1. Lawn Love - Rake up leaves and aerate/fertilize your lawn.

  2. Get Cracking - Fix any cracks or gaps you see in the driveway.

  3. Safety First - Test and clean your carbon monoxide and smoke detectors.

  4. Furnace Fix - Inspect your furnace filter and schedule a furnace tune-up.

  5. Roofing Repair - Check your roof for leaks and damaged shingles.

  6. Clearing a Clog - Clean leaves from gutters and test downspouts with a hose.


  7. Chimney Sweep - Inspect your chimney for obstructions such as bird's nests.

  8. Cool Weather Ahead - Check the weatherstripping on your windows and doors.

  9. Pest Proofing - Check your home's exterior for any holes that rodents could use to gain entry.

  10. Foundation Fix - Ensure water doesn't pool around your home as it can cause flooding and damage your foundation.

Preventative maintenance will help ensure small problems don't turn into big headaches that need professional attention on short notice. Just a little time and planning will help you maintain your home's value and you'll also save money each month as your home will be much more efficient.

Extraordinary Uses for Epsom Salt 
This versatile household staple has an array of surprising uses!

Most of us know that adding Epsom salts to your bath helps relax muscles and relieve stress but here are a few lesser-known reasons why you should always keep Epsom salt in your home:

  1. House Cleaner - Mix Epsom salt with dish soap to scrub off stains on tile and countertops.

  2. Splinter Hint - Dissolve a cup of Epsom salt in a tub of hot water and soak the affected area for a few minutes.


  3. Deter Critters - Spread a light dusting around garbage cans to deter pesky critters like raccoons as they hate the taste.


  4. Help Your Garden Grow - Sprinkle a tablespoon of Epsom salt before you plant your veggies and flowers as it acts as a magnesium fertilizer.

These are just a few of the many ways you can use this inexpensive, natural product that can be found at any drugstore. This mineral mixture has many more uses so make sure you stock up because once you’ve completed all that cleaning and gardening, you’ll want a long soak in the bath!

Pet Parenting? Yes, thereís an app for that! 
Pet Parenting? Yes, there’s an app for that too!

As proud pet parents, we’re always looking for ways to make our furry friends’ lives better.

There have been huge advances in smart home technology for pets but with these apps, all you need is your smartphone!

  1. PetCoach - This is perfect for new and seasoned pet owners. Whether you need a second opinion or it’s after hours for your vet, this app has all the answers!

  2. BringFido - This handy app lets you know which hotels, attractions and restaurants welcome pets so you won’t have to leave your hound at home.


  3. Dogo - This dog training app is based on positive clicker training. It’s fun, comes with a built-in clicker and monitors your progress. It will then personalize future training sessions according to your feedback.

Be a plugged in pet owner and let these handy tools help keep your pet healthy and happy. All apps are available for both Android and iOS and none of them cost a cent!



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.