Helping the environment at home can have a significant impact on the overall health of the planet. By making small changes to our daily habits and routines, we can help reduce our carbon footprint and preserve natural resources for future generations. Here are some ways we can help the environment at home:

Order from local farms: By purchasing produce and other goods from local farms, we can support sustainable agriculture and reduce the environmental impact of shipping and transportation.

Start composting: Composting is a natural process that turns food and yard waste into nutrient-rich soil. By composting at home, we can reduce the amount of waste that goes to landfills, which can reduce greenhouse gas emissions and help promote healthier soil.

Open windows instead of using air conditioning: On mild days, opening windows can help cool your home without using air conditioning. This can reduce your energy consumption and save money on your utility bills.

Turn down water heater: Lowering the temperature on your water heater can help reduce energy consumption and save money on your utility bills.

Give appliances a break: Unplugging appliances when they're not in use can reduce the amount of energy they consume, which can help save money on your utility bills and reduce your carbon footprint.

Reduce, reuse, and recycle: Reducing the amount of waste we produce, reusing items whenever possible, and recycling materials that can't be reused can help reduce the amount of waste that goes to landfills and reduce greenhouse gas emissions.

Helping the environment at home is an important step towards reducing our carbon footprint and preserving natural resources for future generations. By making small changes to our daily habits and routines, we can help create a healthier planet for all.

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Natural tones and lighting can have a significant impact on the atmosphere and overall feel of a bedroom. Here are a few reasons why they are important:

Creates a calming and relaxing atmosphere: Natural tones such as soft greens, blues, and neutral colours can help create a soothing and calming environment. These colours have been shown to promote relaxation, reduce stress, and improve sleep quality.

Enhances natural light: Natural light is a vital component of good bedroom design. It can make the room feel brighter and more spacious, and it can also help regulate your body's natural sleep-wake cycle. By using light, airy window treatments and keeping furniture away from windows, you can make the most of natural light.

Provides a neutral backdrop: Natural tones can also provide a neutral backdrop for other decorative elements in the room, such as artwork or bedding. By keeping the walls and furniture neutral, you can create a cohesive look that is both elegant and timeless.

Helps to reduce distractions: Too much colour or harsh lighting can be overstimulating and make it difficult to relax or sleep. By using natural tones and lighting, you can help minimize distractions and create a more peaceful atmosphere in the bedroom.

Overall, incorporating natural tones and lighting into bedroom design can help create a calming and relaxing environment that promotes restful sleep and a sense of well-being.

What do you think? Do you prioritized natural tones and lighting in the bedroom?

Translucent doors, which are doors made from materials that allow light to pass through but are not completely transparent, can offer several benefits in a home:

Privacy: Translucent doors can provide a level of privacy while still allowing natural light to flow through. They can be a great option for spaces like bathrooms or bedrooms where privacy is important but you still want to allow light to enter the room.

Style: Translucent doors can add a unique and stylish touch to a home. They come in a variety of materials, such as frosted glass or acrylic, which can add an interesting texture to a room.

Sound insulation: Depending on the material used, translucent doors can also provide some sound insulation. This can be helpful in reducing noise from adjacent rooms or outside.

Space-saving: Sliding or pocket translucent doors can be a great space-saving option in smaller homes or apartments, as they do not require the swing space that traditional doors do.

Energy efficiency: Similar to see-through doors, translucent doors can also help improve the energy efficiency of your home by allowing natural light to enter, which can reduce your reliance on artificial lighting.

Overall, translucent doors can be a great option for homeowners looking to add privacy, style, and functionality to their home.

What do you think? Are you into translucent doors?

Having a top-notch garden can provide a variety of benefits, including enhancing the beauty of your outdoor space, providing fresh produce or herbs for your meals, and improving your mental health through the calming effects of gardening. However, achieving a top-notch garden requires effort and attention to detail, including defining the space, plucking the weeds, spreading mulch, remembering to water, and ensuring enough sun exposure.

Defining the space of your garden can help create a clear and organized layout, making it easier to plant and maintain your garden. This can be done by creating borders with fences, hedges, or other types of physical barriers. Defining your garden space can also help keep unwanted plants or pests out, preventing them from damaging your plants.

Weeds can compete with your plants for resources such as water, nutrients, and sunlight, which can lead to stunted growth or even death of your plants. Plucking weeds regularly is crucial to prevent them from taking over your garden, and this can be done manually or with the help of herbicides.

Mulching can help regulate soil temperature and moisture levels, which can improve plant growth and reduce water usage. Mulch can also suppress weed growth and prevent soil erosion. Choosing the right type of mulch for your garden, such as organic mulch like shredded leaves or pine needles, can also improve soil quality over time.

Watering your plants regularly is essential to ensure they have the necessary hydration to grow and thrive. However, it's important to avoid over-watering, which can lead to root rot and other problems. The amount of water your plants need depends on the type of plant, soil type, and climate, so it's important to research the specific needs of each plant in your garden.

Finally, ensuring your plants have enough sunlight is crucial to their growth and health. Different types of plants have different light requirements, so it's important to select plants that are appropriate for the amount of sunlight your garden receives. Monitoring your garden throughout the day can help you determine the best spots for different types of plants.

Creating a top-notch garden requires attention to detail and regular maintenance, but the benefits can be well worth the effort. A beautiful and productive garden can improve the overall appearance of your home, provide fresh produce, and promote a healthy lifestyle.

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As any parent knows, having kids means making sure your home is a safe and comfortable place for them to play, explore, and grow. But small renovations are a great place to start if you want to go beyond the basics of childproofing and creating a genuinely family-friendly space. Here area few simple yet effective child-friendly home renovations.

Install Carpet: Carpet can be a great way to make a home more child friendly. Carpet provides a soft and comfortable surface for children to play on and is safer than hardwood or laminate floors, as it reduces the risk of slipping and falling. When selecting carpet for your home, consider using softer materials such as nylon or wool that are more comfortable for crawling and playtime. Also, be sure to choose carpets with a low pile that won’t trap crumbs or pet hair. A low-pile carpet also makes it easier to clean up spills and messes. Additionally, if you are concerned about allergies, look for carpets with hypoallergenic properties.

Invest in Sturdy Furniture: When it comes to child-friendly home renovations, investing in sturdy furniture is essential. Kids are curious and full of energy, and their furniture needs to be able to handle that. Look for pieces made from durable materials like wood, metal, or plastic that won’t easily break when your little ones are playing. Choose furniture with rounded edges, so there are no sharp corners to injure them. Make sure any upholstered pieces have tightly woven fabric that won’t easily rip or snag. For more budget-friendly options, consider pieces that can grow with your kids, such as adjustable-height desks and chairs. These will last years and save you money in the long run. Finally, look for pieces that are easy to clean and maintain to make it simpler for you when accidents do happen.

Install Padding on Sharp Corners: Sharp corners can be dangerous for curious toddlers just learning to crawl and explore their environment. To ensure the safety of your little ones, consider adding padding to sharp corners in your home. This can easily be done by purchasing corner protectors or creating homemade solutions. Corner protectors come in a variety of shapes, sizes and colours, so it’s easy to find something that fits your style. You can also make your own with felt, foam rubber or even cardboard! Simply measure the size of your corner and cut the material to size, then attach it with glue or double-sided tape. This is an inexpensive and easy way to make sure your little ones stay safe from sharp corners.

Install Baby Gates: baby gates are essential for protecting your child from hazards and keeping them from accessing areas that may be off-limits. Installing baby gates can be a great way to add an extra layer of safety and security to your home. When it comes to installing baby gates, you’ll want to look for ones that are easy to use, adjustable, and sturdy enough to provide a secure barrier for your little one. There are a variety of different styles available, so you’ll need to decide which one is best suited for your particular needs. If you have stairs in your home, you’ll want to make sure you invest in a gate designed specifically for stairways. These gates have special features designed to keep your little one safe and away from stairs. You’ll also want to consider any gaps or doorways you may need to block off and get the right type of gate for each area. Once you’ve installed the gate, take a moment to double-check that it’s secure and safe for your child. If you have any questions or concerns about installing baby gates, consult a professional to ensure you’re doing it correctly. With the right gate installed in the right places, your home will be much safer and more secure for your little one.

Add Storage: creating a child-friendly home often requires making changes that may seem small but can make a big difference. Adding storage is an integral part of ensuring that your home is safe and comfortable for your children. Storage can help keep toys, books, and other items organized and out of the way, making it easier for your children to find what they need and for you to keep track of things. Storage options range from large built-in cabinets and shelves to smaller bins or toy boxes. Smaller options like baskets and crates can also work well if you don’t have room for large built-in storage. When selecting storage solutions, look for durable items that will stand up to everyday use by your children. If you have small children, avoid storage with small pieces that could be choking hazards and opt for storage with smooth edges and rounded corners instead. Adding storage to your home can make a big difference in creating a safe and comfortable environment for your children. With careful selection of the right storage solutions, you can ensure that your home is both child-friendly and organized.

Install Cabinet Locks: installing cabinet locks is an essential step to making your home safe and secure for children. These locks will prevent children from accessing potentially dangerous items in cabinets, drawers, and other storage areas around the house. Cabinet locks come in a variety of styles, so it is important to consider which option is best for your home.

From adding safety features to updating the look and feel of your home, these small renovations can have a big impact on the comfort and safety of your family.

P.S. If you’re ready to tackle some bigger renovations, don’t hesitate to reach out. I'm happy to provide recommendations to trusted professionals who can take on anything from mechanical, to electrical, to plumbing.

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Open kitchen shelves have become increasingly popular in recent years for several reasons. Here are some of the main reasons why open kitchen shelves are considered great:

Easy to Access: With open shelves, everything is in plain sight, making it easy to find what you need without having to dig through cabinets or drawers.

Aesthetically Pleasing: Open shelves provide an opportunity to showcase beautiful dishes, glassware, and other kitchen items, creating an attractive and visually appealing display.

Creates a Sense of Space: By removing the visual barriers of cabinets, open shelves can create an illusion of more space and light, making a small kitchen feel larger and more open.

Budget-Friendly: Open shelves are often less expensive than cabinets, making them an affordable way to update your kitchen and give it a fresh look.

Easy to Install: Open shelves are relatively easy to install and can be a DIY project for those with basic carpentry skills.

However, it is important to note that open shelves may not be the best choice for everyone. Since they don't have doors, they require more maintenance to keep items dust-free, organized, and looking neat. Open shelves also require a bit of planning to ensure that they are functional and don't become cluttered.

Nonetheless, for those who appreciate the benefits of open shelving, they can be a great addition to any kitchen. What do you think? Are you into open shelving?

Outdoor home improvements can have a significant impact on the look and feel of your property, and Spring is an excellent time to undertake them. Here are a few reasons why these particular improvements are important:

Front Door Makeover: Your front door is the entryway to your home and the first thing guests see when they arrive. A fresh coat of paint, new hardware, or even a new door can make a big difference in improving your home's curb appeal. This can create a positive first impression and even increase the value of your property.

Sprucing up Windows: Clean and well-maintained windows not only enhance the aesthetic appeal of your home but also allow natural light to come in, which can make your home brighter and more inviting. This is particularly important during the spring months when natural light is abundant, and you want to enjoy it as much as possible.

Resealing the Driveway: Winter can be harsh on your driveway, causing cracks, potholes, and other damages. Resealing your driveway in the spring can prevent further damage and improve the overall look of your property. It can also extend the life of your driveway and save you money in the long run.

Illuminating Landscaping: Adding lighting to your outdoor space can create an inviting and safe environment, particularly during the darker months of the year. Illuminating landscaping features such as trees, shrubs, and pathways can create a visually appealing outdoor space and make it easier to navigate in the dark.

Upgrading Front Walkway: The front walkway is another area that can significantly impact your home's curb appeal. Upgrading the walkway by replacing old pavers, installing new ones, or adding decorative elements can add character and charm to your home.

Overall, these outdoor home improvements can improve your home's curb appeal, make your property more inviting, and increase its overall value. So, if you're looking to make a positive change to your property this spring, these improvements are an excellent place to start.

Reach out if you need a referral to a great contractor, electrician or landscaper!

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The freestanding tub has stolen the spotlight in modern bathroom designs for a while but more and more homeowners are seeking a daily spa-like experience while at home. The shower is becoming bolder, bigger, and more extravagant than before.

Here are 5 tips to guarantee your bathroom makes a splash.

Install a rainfall shower head: A rainfall shower head can make a big difference in the overall shower experience. It provides a soothing and relaxing feel that mimics the sensation of rain. This type of shower head is typically larger in size and hangs directly overhead to give you a full body coverage.

Add a bench or seating: Incorporating seating in your shower area can make it feel like a spa. A bench or seating area allows you to relax and enjoy the water without standing the entire time. It also provides a convenient spot for storing shampoo and other shower essentials.

Use glass doors: Glass doors are a great addition to any shower as they create a spacious and open feel. They also allow more light to come in, which makes the space feel brighter and bigger. Plus, they make cleaning much easier as they don't accumulate soap scum and water stains like curtains or opaque doors.

Include built-in storage: Built-in storage is a must-have for a spa-like shower experience. It allows you to keep all of your shower essentials in one convenient location, minimizing clutter and maximizing organization. Consider installing niches or shelves in the shower area to store your soap, shampoo, and other products.

Use natural materials: Using natural materials like stone, wood, and marble can make your shower area feel luxurious and spa-like. These materials add texture and warmth to the space, creating a more inviting and relaxing atmosphere. You can incorporate natural materials through tiles, flooring, or even a feature wall.

Renovating your kitchen on a budget can be done by painting or refinishing cabinets, updating hardware, DIY countertops, refinishing appliances, shopping sales and discounts, and considering open shelving. With a little creativity and some DIY skills, you can give your kitchen a new look without breaking the bank.

Here are some tips for renovating your kitchen on a budget:

Paint or refinish cabinets: Instead of replacing your cabinets, consider painting or refinishing them. This can give your kitchen a fresh, updated look at a fraction of the cost of new cabinets.

Update hardware: Swapping out old cabinet knobs and drawer pulls for new ones can be an inexpensive way to give your kitchen a quick and easy update. You can also consider adding a new backsplash or updating light fixtures.

DIY countertops: If you're handy with tools, you can consider installing a new countertop yourself. Options like concrete, butcher block, and laminate can be affordable and relatively easy to install.

Refinish appliances: If your appliances are still in good working condition, but look outdated, consider refinishing them with appliance paint or contact paper. This can give them a fresh, modern look for a fraction of the cost of new appliances.

Shop sales and discounts: If you do need to buy new items for your kitchen, keep an eye out for sales and discounts. You can also check out second-hand stores or online marketplaces for deals on used items.

Consider open shelving: Removing cabinet doors and installing open shelves can be a great way to create a more open and spacious feel in your kitchen. It can also be a budget-friendly way to display your dishes and accessories.

The bedroom calls for warmth from the decor to the lighting in order to create an ambiance that is calm, cozy, and full of character.

Here are 10 minimalist bedroom design ideas to help you create a calming space.

Neutral color palette: A minimalist bedroom design often features a neutral color palette that creates a calm and soothing ambiance. Shades of white, cream, beige, and grey can be used to create a serene environment.

Simple bed: A minimalist bedroom should have a simple and comfortable bed that doesn't take up too much space. A platform bed with clean lines and neutral bedding can create a calming effect.

Limited decor: Limiting the amount of decor in a minimalist bedroom is important. One or two pieces of art or a small plant can add character to the space without overwhelming it.

Natural materials: Using natural materials in the bedroom, such as wood or cotton, can add warmth and texture to the space. Incorporate these materials in the bed frame, nightstand, and rug.

Soft lighting: Soft and warm lighting can create a cozy atmosphere in a minimalist bedroom. Consider using table lamps or wall sconces instead of bright overhead lighting.

Hidden storage: Clutter can quickly ruin a minimalist bedroom design. Consider using hidden storage solutions such as under-bed storage or built-in closet organizers.

Simple window treatments: Simple window treatments such as sheer curtains or roman shades can create privacy while letting in natural light.

Minimalist furniture: Choose furniture with clean lines and simple designs. Avoid furniture with too many details or ornate designs that can overwhelm the space.

Decluttered surfaces: Keep surfaces clean and clutter-free. Limit the number of items on your nightstand or dresser to create a peaceful environment.

Personal touches: Add personal touches to the bedroom with a few carefully chosen items such as a favorite book or a family photo. But keep in mind to avoid cluttering the space.

Snow and ice removal can be done safely and efficiently with the right tips and tools. Shovel early and often, use the right shovel, apply salt or sand, use a snow blower if possible, clear snow away from your home, and dress appropriately for the weather.

Making your house feel like spring can have several benefits, both for your mental health and for the overall ambiance of your living space.

Here are a few reasons why it is important to make your house feel like spring:

Boost your mood: Spring is often associated with renewal, growth, and warmer weather. By incorporating spring-like elements into your home, you can help boost your mood and energy levels. This can be especially important during the colder, darker months when you may be more prone to feeling down or sluggish.

Improve your well-being: Bringing natural elements into your home, such as plants and fresh flowers, can have a positive impact on your well-being. Studies have shown that being around plants can help reduce stress, improve cognitive function, and even lower blood pressure.

Create a comfortable living space: By making your house feel like spring, you can create a comfortable and inviting living space. This can be especially important if you spend a lot of time at home or entertain guests frequently. A welcoming home can make you and your guests feel more relaxed and at ease.

Increase productivity: A bright and cheerful living space can also help increase productivity. By incorporating natural light, pastel colors, and light fabrics, you can create a space that feels open and airy, which can help improve focus and concentration.

Overall, making your house feel like spring can have several positive effects on your mental health, physical well-being, and overall quality of life.

Entryways have the ability to be an impressive statement and give a home a luxurious finish and feel. If you’re looking to make your entryway more impressive or simply want to spruce it up, here are a few unique ways to turn heads.

Grand Lighting: Install a statement chandelier or pendant light to add a touch of glamour and drama to your entryway. The right lighting fixture can instantly make your entryway look luxurious and elegant.

Bold Colors: Consider using a bold color on your front door or accent wall to make a statement. Rich, deep colors like emerald green or navy blue can create a sense of luxury and sophistication

Ornate Mirrors: Hang a large, ornate mirror in your entryway to reflect light and create the illusion of more space. A well-chosen mirror can also add a touch of elegance and sophistication to your space.

Statement Art: Consider hanging a large piece of statement art in your entryway to make a bold statement. Choose a piece that speaks to your personal style and complements the rest of your home's decor.

Luxe Materials: Incorporate luxurious materials like marble, brass, or velvet into your entryway design. A marble entryway floor, brass light fixtures, or a velvet bench can instantly elevate the look and feel of your space.

Unique Accessories: Incorporate unique accessories like a vintage umbrella stand, a statement vase, or a sculptural side table to add interest and personality to your entryway. These small touches can make a big impact on the overall look and feel of your space.

Customized Door: Consider installing a custom-made door with intricate carvings or detailed glasswork to create a grand entrance that's unique to your home. A custom door is an investment that can make a big impact on the look and value of your home.

Sitting down and planning a home renovation can quickly become overwhelming when costs start adding up. Even with a budget, you’ll likely find yourself going over which is why it’s crucial to add in that 10-20% contingency fund. It’s totally possible to renovate affordably if you invest a bit of time and effort. Here’s how to renovate your home on a budget without sacrificing quality.

Increase Efficiency, Not Size

Storage can be a problem and needing to renovate to gain more can be costly. Recognizing and equipping the room for maximum utility will save you from having to remove walls entirely. If it’s vital to enlarge the size of the room, inquire if it’s at all possible to remove a wall instead of creating an addition. This helps will that brand-new feeling and improves flow without costing a ton. Be sure to check if the wall you want to remove is wall-bearing (if so, it will be more difficult to move and will cost you).

Refinish Instead of Replace

As a homeowner, it’s easy to get caught up on the cosmetics and when something looks worn down and old, instinct is to rip it down and start over. There is, however, ways to refresh a space without completely redoing it. A fresh coat of paint goes a long way; you can add an accent wall with a splash of a fun colour or keep things neutral throughout with lively décor.

Kitchen backsplashes have become increasingly easier for homeowners to install themselves which would help revamp the space. A runner down the hallway or on stairs can hide large marks and give new life to high-traffic areas. Fresh caulking around a tub can go a long way in making your bathroom look new and old furniture can be spruced up by refinishing the wood or reupholstering the material. The possibilities truly are endless.

Reuse and Recycle

What you’re tired of in one space might refresh another. Kitchen cabinets can be used in a basement kitchenette or in the garage and knobs and light switches are easily interchangeable. Simple rearranging can completely change the look and feel of a room without costing a dime.

If you are willing to put in a little time, to reap big savings, search online or thrift stores for items at a fraction the price.

Are there disadvantages of recycling? Several contractors will not work with salvaged items, or homeowner-supplied items in general, because they don’t want to assume the liability if something goes wrong. However, if you are doing most or all of the work yourself, you can find plenty of materials simply by looking around a little bit

DIY When Possible

It’s always worth doing at least some of the work yourself. There are plenty of jobs that can be done, such as demolition, painting, sanding, or insulating to save yourself some money.

But before you begin, make sure you have a plan. If you are not specific about what you want both with yourself and any contractors, you will end up costing yourself more money by potentially performing renovations that you don’t end up loving.

Reach out with any questions anytime! It would be a privilege to serve as your Realtor.

To A Good Life!⁠ ⁠

Sam Chaim⁠ - Your Point Man in Real Estate⁠
Making A Difference For You⁠
Re/Max Realtron⁠
(416) 543-7252⁠
sam@samchaim.com⁠

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Source: How to Renovate Your House on a Budget | Re/Max | February 17^th, 2023

I want to say a massive THANK YOU to the most incredible clients in Thornhill & Toronto!

The year has had a good start and as we approach the Spring market, I can feel it getting busier. You deserve the best experience and being prepared prior to listing will help keep you ahead of the curve when the Spring market arrives.

What’s in it for you?

• A Fun Client-First Experience
• Quality Advice
• Home Staging w/ Erin Lazer (www.spacestyle.ca)
• Professional Photography & Videography
• Refined Listing & Marketing Strategy
• Systems to keep you updated & in charge

When you’re ready, call/text (416) 543-7252, send me a DM, or email sam@samchaim.ca. I love to help!

Happy Family Day and as always....To A Good Life!

No great surprises in January as the Toronto Real Estate Board reported 3,100 homes sold out of 9,299 homes available for sale. Throughout the GTA, homes on average sold in 29 days provided they were priced within 5% of realistic value. As volumes decrease averages become a poor determinant of values. Therefore diving into your home area’s values becomes more critical. And that is where I can help. Let me do a realistic valuation and guide to the best strategy as a Seller or a Buyer.

Consider the following: prices have fallen from their high and have for now leveled off a true buying signal. Will they fall further? Possibly. But with the shortage of available homes and immigration ramping up, how likely do you think that is? Supply and demand still determine the market. Interest rates appear to have peaked so if you need financing consider a shorter-term mortgage to start and adjust to a lower rate in a year or 2. Another option is to ask a Seller to take back a mortgage. With rates up, that becomes attractive for the Seller, and you can possibly bridge your financing needs.

There are great opportunities in this market if you can get past your fears. Because It’s a great time to buy an investment property, to upgrade your home or trade in your condominium for that white picket fence in suburbia. Two such opportunities are on this page (see below).  And for Sellers, keep things in perspective. The fall from last year's highs is not your losses. We are still well ahead of pre-pandemic values.

There is never an obligation when you contact me with questions or to “pick my brain”. I am here to guide you, or someone you know, through the process and find it very gratifying to be helpful with good decision-making. So let me Make A Difference For You or someone you care about and get you to your next step.

To A Good Life
Sam

Sam Chaim⁠ - Your Point Man in Real Estate
Making A Difference For You
Re/Max Realtron⁠
(416) 543-7252⁠
sam@samchaim.com⁠

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Read Full Market Stats Report

For homeowners, a historic home is a unique opportunity to live in a local piece of history. They do, however, have issues that newly constructed homes do not have. Committing to a historic home is a big decision and you should be informed of the care that will be required.

What is a Historic Home?

They’re 50+-year-old residential buildings with some sort of heritage value and include private homes, commercial buildings that consist of residential units, landmarks, and entire districts or neighborhoods depending on criteria. The criteria is at least 50 years old (with some exceptions) and meet 1 of 4 criteria:

- It is connected to significant historical events.
- It is connected to the lives of one or more significant individuals.
- It is considered an embodiment of a particular master or historic style.
- It has provided or is likely to provide important historical information.

Historic buildings can be found everywhere and some neighborhoods are even designated as historic areas. They can be a competitive market so as a homebuyer you’ll want your finances in order prior to house hunting.

Benefits of Owning a Historic Home

1. You’ll be the owner of a piece of history and for some homebuyers, it’s an emotional investment.
   
   
2. Passion for history, architecture, and one-of-a-kind features is appealing to some.
   
   
3. You’ll be a part of a community committed to preservation. Buying a home in a historic area means joining a community of homeowners aiming to preserve the character and history of the district, even with costs and certain limited property rights.
   
   
4. Financial assistance is available for renovations. There are programs available to help fund them
   
   
5. Look into a Home Equity Line of Credit (HELOC), purchase plus renovations mortgage, a second mortgage, or refinancing your mortgage.

Things to Consider Before You Buy

1. Get ready for hard work! The older the home, the more often than not means it was built before modern construction techniques. Lots of love, care, and regular maintenance will be necessary.
   
   
2. Get ready to pay more! Historic districts have higher price tags and even higher prices when modern amenities like central air conditioning have been added; even at a good price, you’ll likely invest in upgrades and renovations and materials will be more expensive.
   
   
3. Restrictions on Renovations. Historic homes have their own real estate laws and regulations designed to preserve local history, such as not changing the interior layout, preserving outdoor spaces, and only using certain materials on the house’s exterior. With the stipulations, you may find it more difficult to do maintenance and renovations.
   
   
4. You Can’t Modernize Everything. Historic homes have lasted through numerous decades and owners, there will often be a clash of décor elements inside the house. Preservation laws that impact interior and exterior elements often don’t apply to décor.

In recent years, home sellers have had the advantage but since the market conditions are expected to shift, questions may be arising about what a balanced market is. During the peak of the pandemic, cities across Canada experienced extremely high home prices, from single-family residential properties in highly populated areas to townhomes in rural communities.

Homebuyers had to overcome bidding wars which resulted in some buyers ditching best practices, including home inspections. The market swiftly changed to a seller’s market due to unprecedentedly low mortgage rates. The Bank of Canada (BoC) continues to raise interest rates and the housing market in Canada is moving towards a balanced market. So, what does this mean?

To A Good Life!⁠ ⁠

Sam Chaim⁠ - Your Point Man in Real Estate⁠
Making A Difference For You⁠
Re/Max Realtron⁠
(416) 543-7252⁠
sam@samchaim.com⁠

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Source: What Is A Balanced Market? | Re/Max | January 14th, 2023

Most home sellers have two main objectives: to sell quickly and for the highest price. The beauty of owning real estate (whether it’s a principal residence or an investment property) is that historically, it has yielded solid returns to Canadians who are in it for the long haul. Indeed, equity gains in Canadian real estate have been notable in some particularly hot markets, with the proceeds used to fund everything from the purchase of a bigger and better home, to retirement, travel, an investment strategy, or life’s next big milestone – whatever that may be.

A number of major cities across Canada have experienced tight market conditions over the last few years, but a slew of interest rate increases in 2022 have eased demand, prompting a market shift in many Canadian regions. In fact, balanced conditions are expected to occur in 60% of Canadian housing markets this year. This means sellers are unlikely to see the same frantic buyer competition that defined Canadian housing markets during the pandemic.

There are many possible reasons houses don’t sell, ranging from broader economic and market conditions, right down to the condition of the property itself. Here are some of the most common reasons houses don’t sell, and how to avoid them.

Reasons Houses Don’t Sell

1. Wrong Listing Price

To you, your home may be priceless. After all, you have an emotional attachment to the place you call “home.” However, to a buyer, that is not the case. Ultimately, it doesn’t really matter what the homeowner, or even the listing agent, thinks a house is worth. The only thing that matters is what the buyer is willing to pay.

The right listing price will likely be a combination of a few factors, such as the market conditions, the home’s condition and the seller’s circumstances. Home Value Estimators are readily available online and are a great resource to give you a ballpark idea of what your home is worth. I will pull recent sales of comparable homes in the same neighbourhood. Then, based on the condition of the home and how desperate you are to sell, I will recommend a listing price.

The listing price is the first impression homebuyers will have of your home. When a buyer decides to start shopping for a new home, step one is creating a budget. With this number in hand, step two is to browse online listings. Within that price range. Success can come down to a few dollars over or below that specific threshold. This is why it’s important to be realistic when it comes to pricing the home.

While overpricing a home is a concern, so too is underpricing it. Buyers may wrongly assume that a home priced well below market value has something wrong with it, or that the seller is hoping for a bidding war – both turn-offs for homebuyers.

2. Bad Listing Photos

Believe it or not, bad listing photos can be a reason that your house is not selling. Although many homebuyers will still drive around on a Saturday or Sunday afternoon in search of “Open House” signs, most shoppers today take a more targeted approach to their home hunt. They hit the streets armed with a budget, their list of liveable locations, the features their future home should have, and specific addresses of homes for sale that are worth an in-person tour. So, how do you get on that list?

Enter the real estate photographer and this adage: a picture is worth a thousand words. I will arrange for listing photos that will show your home in the best possible light.

On the flip side, don’t be a catfish. Nothing is worse than falling in love with the listing photos and taking the time to attend a showing, only to discover that it isn’t as it's presented. Good and honest listing photos are a critical part of your selling strategy.

3. Didn’t Stage the Property

While it’s important to showcase your listing in a realistic way, it never hurts to do a little primping before putting up the “For Sale” sign. Some buyers have trouble seeing past what a home is and visualizing what it could be. Staging a home can help highlight its best features, minimize the worst, and give prospective homebuyers some inspiration as to how they can use the space.

Remember that as a home seller, you’re not only selling the property but you’re also selling the idea of “home.” This is why putting an empty house on the market can be a big mistake. An empty house may leave the impression that it is smaller than it actually is, or that it’s uncared for.

4. Unfavourable Market Conditions

When it comes to selling your home, there are many things within your control. Others are wild cards, as far as the seller is concerned. Factors such as a growing or declining population, economic conditions, interest rates, housing demand and supply, and even the weather can all be reasons why a home is not selling.

What you can control, however, is when you choose to sell your home. I can help you time the market. I have the market experience to speak to what is happening in the real estate landscape, and to predict what may happen down the road.

While you can’t control things like the job and housing markets, these are still important factors to consider when deciding if now is a good time to sell. Determine when your house is most appealing to homebuyers. The return of spring tends to rouse homebuyers out of hibernation. Similarly, keep your ear to the ground for other circumstances that may affect home-buying trends, such as an upcoming employment boom or new developments in your area that may increase housing demand.

Sometimes it can be tough to pinpoint why a home isn’t selling. At other times, it’s painfully clear. I'll provide important insight into what you’re doing (or not doing) that may help or hinder the sale.

5. Didn’t work with a professional.

Selling a home can be complicated, even under favourable market conditions. Know that market conditions can change quickly, impacted by everything from local, national and international economies, to population fluctuations and even the weather. Especially in uncertain times, a little professional help can go a long way.

While most homebuyers and sellers will only have a limited number of transactions under their belt, an experienced listing agent has handled hundreds of home sales under a variety of market conditions. Let me guide you through the twists and turns of the housing market.

To A Good Life!

Sam Chaim⁠ - Your Point Man in Real Estate⁠
Making A Difference For You⁠
Re/Max Realtron⁠
(416) 543-7252⁠
sam@samchaim.com

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The target for the overnight rate increased to 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. Quantitative tightening will continue. Inflation remains high and broadly based globally, but is trending down in several countries, reflecting lower energy prices and improvements to supply chains. 

In the US and Europe, slowing economies are proving to be more resilient than at the time of the Bank’s October Monetary Policy Report (MPR). China’s lifting of COVID-19 restrictions revised the growth forecast and poses an upside risk to commodity prices. Russia’s war on Ukraine is still a source of uncertainty and financial conditions remain restrictive. The Canadian dollar has been relatively stable against the US dollar.

It’s estimated that the global economy grew about 3.5% in 2022, but will slow to about 2% in 2023 and then grow to 2.5% in 2024. Economic growth in Canada is stronger and the economy remains in excess demand. The labour market is tight as the unemployment rate is near historic lows. Businesses, however, are reporting ongoing difficulty finding workers. There’s evidence that the restrictive monetary policy is slowing activity, especially household spending. Services and business investments are expected too slow in addition to weaker foreign demand helping to allow supply to catch up with demand.

It’s estimated that Canada’s economy grew by 3.6% in 2022 but is expected to stall through to the middle of 2023, and then picking up again later in the year. GDP is expected to grow 1% in 2023 and 2% in 2024. Inflation has declined from 8.1% in June to 6.3% in December, reflecting lower gasoline prices and durable goods. 

Canadians are still feeling the hardship of high inflation in their essential household expenses, with persistent price increases for food and shelter. Short-term inflation is expected to remain elevated but inflation is projected to come down significantly this year.

Governing Council decided to increase the policy interest rate by a further 25 basis points. Governing Council is prepared to increase the policy rate further if needed to return inflation to the 2% target, and remains resolute in its commitment to restoring price stability for Canadians.

Reach out with your questions in regards to how this impacts your home buying or selling decision.

To A Good Life!

Sam Chaim⁠ - Your Point Man in Real Estate⁠
Making A Difference For You⁠
Re/Max Realtron⁠
(416) 543-7252⁠
sam@samchaim.com

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