St. Catharines-Niagara CMA Vacancy Rate Edges Lower

This is a press release from Canada Mortgage and Housing Corporation (CMHC) that I found rather interesting.

If you’re reading this blog article and are presently renting, have you or do you find it difficult to find rentals in the Niagara Region. Please share your stories with us?

T.

TORONTO, DECEMBER 13, 2007 – According to the 2007 Rental Market Report for the St. Catharines-Niagara Census Metropolitan Area (CMA) released today by Canada Mortgage and Housing Corporation (CMHC), the October rental apartment vacancy rate edged down to four per cent in 2007 from 4.3 per cent in 2006.

“The small decrease in the vacancy rate was mainly due to increased service sector employment. Nevertheless, rental demand was weak as renters continued to move into homeownership and fewer migrants settled in this CMA.” commented David Lan CMHC’s St. Catharines-Niagara Market Analyst. “The overall vacancy rate remained above its historical average.”

“This year, a number of rental apartment buildings in the St Catharines-Niagara CMA have been converted into condominiums. This decrease in the rental stock also contributed to the small decrease in the overall vacancy rate,” added Lan.

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Canada Mortgage and Housing Corporation (CMHC) has been Canada’s national housing agency for more than 60 years. CMHC is committed to helping Canadians access a wide choice of quality, affordable homes, while making vibrant, healthy communities and cities a reality across the country.

To obtain a free copy of the 2007 St. Catharines-Niagara CMA Rental Market Report, please visit the CMHC Website, www.cmhc.ca.

For further information, please contact/Pour obtenir de plus amples renseignements, veuillez communiquer avec :
St. Catharines-Niagara CMA: David Lan, Market Analyst, (416) 218-3424
Ontario: Ted Tsiakopoulos, Regional Economist, (416) 218-3407
Canada: Bob Dugan, Chief Economist (613) 748-4009

Five Years In Niagara: 25,580 Moved In; 25,985 Moved Out

Bloggers – Interesting how, in 5 years, the difference between people moving in and out of the Niagara Region is only 405 people. Let’s do a survey!! Anybody who reads this article, please indicate where you’re reading it from?

T.

FIVE YEARS IN NIAGARA: 25,580 MOVED IN; 25,985 MOVED OUT
By Allan Benner
Osprey News Network

Over the past five years, Niagara has lost hundreds of residents to other parts of the country.

New census figures released Tuesday by Statistics Canada indicate communities throughout Niagara lost a net total of 405 people between 2001 and 2006.

Although the region gained a total of 25,580 people in that time, 25,985 people moved away.

The statistics did not break down the information by communities within Niagara. The region as a whole grew by 4.1 per cent.

Census data indicate the Kitchener area saw the larges influx of former Niagara residents with 1,110 people moving there, compared with 635 Kitchener residents moving here.

Alberta’s big cities, Calgary and Edmonton, also lured away hundreds of Niagara residents. Combined, those cities drew 830 people from Niagara, compared with 450 Albertans moving here.

The number of people moving to Niagara from Toronto helped minimize the region’s net loss.

The census data indicate that 7,470 people left Canada’s larges city for Niagara, compared to 5,745 who opted to move to the big city, meaning a net gain for Niagara of 1,725 people.

The influx of people from Toronto, Port Colborne Mayor Vance Badawey said, could be an indication of the quality of life Niagara has to offer.

“When you look at the GTA, it’s all that you expect life to offer,” he said. “What we do down here in Niagara, is we offer what people expect to get out of life, quite frankly.”

When was the last time your REALTOR made a difference? (final)

Hello everyone, the campaign with The Salisbury Team and Community Care of St. Catharines & Thorold ended December 15th, 2007. The attachment I have included provides all of the information and will be running in the St. Catharines Standard starting December 24th until the end of January, 2008. I personally went down to 610 CKTB last week to make the donation while they were doing the Community Care food drive at the radio station. Nancy McIntosh the Fund Development Officer did an announcement live on air which gave recognition to The Salisbury Team. I will have this audio available on my website and blog later in the week.

Thanks again for everyone who bought and sold through us during this time frame. It certainly is a worthwhile cause that we are proud to have been a part of this Holiday Season.

T.

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Timothy Salisbury
Broker
The Salisbury Team
Royal LePage Niagara Real Estate Centre Inc., Brokerage
Toll Free – 1-800-467-8498
Office – 905-937-6000
View My Website at www.timothysalisbury.com
When Buying or Selling, please remember me!

Home Staging Equals Quick Sale

Hey Bloggers, I have put articles on My Blog over the last few months concerning staging of properties before going to market. Why? Because I feel it gives the SELLER, when listing their home verses the other homes on the market, a great advantage right from the get go. Here are the basics to Staging and the 5 points Staging Spaces talks about.

Questions:

(1) If reading this article, have you had any experiences good or bad regarding staging? In the Niagara Region, it is relatively new but in talking to realtors across Canada earlier this year, especially Vancouver and Toronto, it has been popular for many years.

(2) Do you know anything about staging? If you have any questions, please ask and I will have them answered for you.

Happy Holidays and see you in 2008

T.

Home Staging Equals Quick Sale

One of the most important things you can do to sell your listings quickly and for the highest possible price is to “stage” them. Basically, there are five steps to home staging.

Cleaning
Getting rid of clutter
Depersonalizing
Decorating and accessorizing
Maintaining
Cleaning

When I say, “cleaning” I don’t mean your ordinary, weekly house cleaning. I mean a deep cleansing in which you make every surface, every window, every nook and cranny sparkle and shine. You should encourage your homeowners to clean their windows, their ceiling fans, their curtains and blinds, carpet…in short, everything. Homeowners should also strive to eliminate any unpleasant odors and if possible, have someone else care for their pets until the house is sold.

Getting Rid of Clutter

Your clients are going to be moving shortly anyway so it’s in their best interests to go ahead and start getting rid of the things they’ll never need again and boxing up the things they can live without for a couple of months. They should clean out about 50% of the things in their closets, most of the knickknacks displayed around the home and enough furniture that the rooms look open and inviting. Countertops should be clean and uncluttered. Even the cabinets and drawers should contain only a few items, because prospective buyers will be opening doors and drawers and they will want to see a lot of space.

Depersonalizing

Explain to your clients how important it is for them to remove most of their family photographs and personal collections. Buyers are trying to envision themselves living in every home they tour and it’s very hard for them to do that when faced with the seller’s personal items. Every room of the house should have a general appeal for the majority of buyers. Leaving personal collections for the buyer to see distracts the buyer, forcing the buyer to take time focusing on your things rather than the house.

Decorating and accessorizing

Your sellers may feel they can’t spend much money to update their house but there are many improvements they can make that won’t cost a lot of money and that will bring them a much higher sales price. A fresh coat of paint doesn’t cost very much but will add a lot of impact. New window treatments, fresh flowers, green plants and pretty accessories all pack a punch without breaking the wallet.

Maintaining

Sellers must commit to keeping their home spotless and staged as long as it’s on the market. The very day someone leaves a dirty towel on the bathroom floor will be the day a prospective buyer walks through. Granted it’s not easy to keep a home so clean while someone is living there but the payoff will be a quicker sale at a higher price. Convince your sellers that their extra effort now will have them moving in a much shorter time. Remind them to keep the outside as clean and neatly maintained as the inside. If they can’t keep the lawn mowed they should hire someone to do it. Trash cans should be kept out of sight. A nice potted plant, a clean doormat, and a front door wreath make the home seem inviting.

Home staging can be done on many different levels, from a thorough cleaning to a complete remodeling. The more your clients do to stage their homes, the better their chances of securing a quick sale.

I give my clients a twenty-nine page booklet and sit down with them to go over my recommendations and explain the importance of completing the high priorities on the list, the ones I believe will make or break a sale. One note of caution however – you must be certain the home is priced close to market value because no matter how good a home looks, it will not sell if it is overpriced.

Stacey Haluka
Staging Spaces
The first stage to selling your house

www.staging-spaces.ca

Attention Landlords in the Niagara Region / Students who will be attending Brock University or Niagara College!

One of my clients has started a website just for you! See below.“If you’re a Landlord, you can post unlimited properties absolutely FREE. Take advantage of landlord forums, a vast landlord resource database, and gain access to significant member only savings.”

Students, this site offers the listings available in proximity to your school. Locate and obtain details by using their interactive map. Also they have information to great deals, and a student resource database as well.

Check it out – The link is http://www.selectstudentrentals.com/

T.

Timothy Salisbury
Broker
The Salisbury Team
Royal LePage Niagara Real Estate Centre Inc., Brokerage
Toll Free – 1-800-467-8498
Office – 905-937-6000
View My Website at www.timothysalisbury.com
When Buying or Selling, please remember me!

Protect Yourself From Fraud When Donating To Charity

Just recently made a donation to Community Care and then the next day I saw this article in the St. Catharines Standard. Question for anybody reading this entry – Have you ever had a situation where the donation you made was a scam or to a fake organization?

T.

PROTECT YOURSELF FROM FRAUD WHEN DONATING TO CHARITY – BE AN INFORMED DONOR

– Consult the Canada Revenue Agency (CRA) Charities Listings at http://www.cra-arc.gc.ca/tax/charities/donors/menu-e.html or call 1-800-267-23874 to confirm that a charity is registered with the CRA.

– Confirm that you will receive an official donation receipt if you want to claim a tax credit.

– Beware of schemes that promise tax savings greater than your cost, thus allowing you to “profit” from donating to a registered charity.

– Write cheques payable to the charity, not an individual.

– Do not donate if there are signs of fraud, such as inappropriate pressure to give immediately or being offered a receipt for more than you actually donate.

Niagara Region – Up-To-Date Information On Business and Tourism

This electronic newsletter is a complimentary publication offered by the Niagara Economic Development Corporation. It contains up-to-date information on business and tourism news in the Niagara Region.

nedc_enews_nov07.pdfT.

Timothy Salisbury
Broker
The Salisbury Team
Royal LePage Niagara Real Estate Centre Inc., Brokerage
Toll Free – 1-800-467-8498
Office – 905-937-6000
View My Website at www.timothysalisbury.com
When Buying or Selling, please remember me!