Real Estate News from Thom Gallagher January 2017   

If you're planning a renovation, you’ll want to make sure to prepare in advance as it’ll likely get a bit messy and chaotic.  This month’s article offers some advice on how to plan your renovation so that things will go as smoothly as possible.

There are also some strategies on how to protect your home against carbon monoxide as well as a few tips to help you keep your 2017 New Year’s resolutions.

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!


In this issue...
The National Real Estate Market Update 
Canadian housing starts trend declined in December.

The trend measure of housing starts in Canada was 198,053 units in December compared to 200,105 in November, according to Canada Mortgage and Housing Corporation (CMHC).

The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“December saw multi-unit construction slow for the third consecutive month in Canada, leading housing starts to trend down,” said Bob Dugan, CMHC Chief Economist.

“However, 2016 still counted more home starts than 2015.  Increased demand for single-detached homes more than offset the decline we’re seeing in multi-unit construction – a decline that’s in response to efforts to manage current inventories.”

The standalone monthly SAAR for all areas in Canada was 207,041 units in December, up from 187,273 units in November. The SAAR of urban starts increased by 11.8 per cent in December to 187,621 units.  Multiple urban starts increased by 13.9 per cent to 120,750 units in December and single-detached urban starts increased by 8.1 per cent, to 66,871 units.

In December, the seasonally adjusted annual rate of urban starts increased in Ontario, Quebec and the Prairies but decreased in British Columbia and in Atlantic Canada.  Rural starts were estimated at a seasonally adjusted annual rate of 19,420 units.

Surviving the Stress of a Home Renovation 
A bit of planning in advance will help keep you sane during a renovation.

If you're thinking about renovating your home, you’ll want to try and consider every little detail in advance.

Careful planning will not only allow you to hold onto your sanity during the upheaval but will also ensure you get the best bang for your buck!  Here are a few things to keep in mind:

  1. No Surprises - Make sure you agree (in writing) on a completion date but keep in mind that renovations can sometimes be delayed due to unforeseen circumstances.

  2. Be Flexible - Accept from the start that you’ll be dealing with a lack of privacy along with dust, noise, mess and disorganization but remember that it’ll all be worth it in the end.

  3. Kidding Around - Set aside some toys/games for the kids and schedule some playdates and local outings so you can escape the construction zone chaos.

  4. Plan Ahead - Pre-prep some freezer meals for quick and easy dinners.  Also, take this opportunity to donate unwanted items to charity so your newly renovated home won’t be full of clutter.

  5. Stay in the Loop - Misunderstandings between contractors (and spouses!) are one of the biggest causes of stress during a renovation.  Open communication is essential so schedule regular progress reports.

Watching your home transform into something new is a very exciting experience but it’s also a major inconvenience.  The secret to making sure everything goes smoothly is to remain calm throughout the process and plan ahead for surprises.  If you keep that in mind, your dream home will be a reality before you know it!

Avoiding the Dangers of Carbon Monoxide 
This odorless gas can poison or even kill with little or no warning.

Carbon monoxide (CO) poisoning is a serious threat that affects families every day.  Lower gas levels can cause headaches, fatigue and nausea while higher levels can be fatal.

Ensure exhaust gases are properly vented from the central home heating unit.  It’s also important to have your furnace, chimney and vents regularly inspected by a trained professional.

You should also install a CO detector on each floor of your home.  There are a variety of units available but it’s important to remember that a detector doesn't replace the need to maintain your furnace.

Most cities offer environmental services that measure indoor air quality.  Prevention is key to avoiding carbon monoxide poisoning as this silent killer is difficult to detect so make sure your home’s properly protected.

The Trick to Keeping Your New Year's Resolutions 
It’s important to have realistic goals as well as a flexible attitude.

The new year inspires us to start fresh but the possibility of failure sometimes stops us from even getting started.

There are a variety of smartphone apps to help you track your goals whether they be to quit smoking, build volunteer hours or lose weight.  Stride for iPhone and Resolutions for Android are both very popular options.

New Year’s resolutions don’t need to be set in stone so try to be strong yet flexible.  If you start realizing your goals aren't achievable, take a few moments to modify them.  Our lives are constantly changing so it’s important that our goals change as well.

PS Let me help you, or someone you know, achieve your residential or investment real estate goals. You bring the vision and I help you get it done. Call me today at (416)524-6530 to discuss your plans or visit my web site to start your search. I look forward to wowing you with top notch service. 

Not meant to solicit clients already under contract.