Before the weather grows colder it’s important to prepare for the winter months to prevent costly damage. Below are the fall preventative home maintenance steps that every homeowner should follow.
Gutters and Downspouts
Clean gutters and downspouts frequently throughout fall to prevent build up of leaves and other debris. Neglected gutters can lead to wood rot problems and pest infestations, not to mention ruined gutters.
Be sure water is not coming down behind gutters and that all support brackets are securely in place.
Ensure that water drains properly and doesn’t pool. Pooling can cause damage to foundations, driveways, and walkways.
Windows and Doors
Change summer screens to cool weather storm windows and doors.
I don’t think anyone would be surprised to hear me say that the Edmonton real estate market continues to be weak, and continuing it’s downward trend.
The month of September has not been kind. So far with a couple days left in the month there has only been 332 single-family homes sold. That is a 14% drop in sales from September 2018.
Year to date we have had 3,702 in comparison to 3.953 last year. With that in mind based on the number of members of the Realtors Association of Edmonton that would equal to just one home sale per agent.
The other significant number is the average selling price, which this month has been at $362,000 a drop of 6.85% from the same time last year. But remember that average sales price is different from home valuations.
Some interesting news came out today. The bank of Canada has decide to hold their overnight interest rate at 1.4%. As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate.
You might have heard in the news, but we now have a new First Time Home Buyer Incentive Program that helps make owning a home more affordable! This program is specifically designed to reduce your monthly carrying costs. The Incentive enables first-time homebuyers to reduce their monthly mortgage payment, without increasing the amount that they must
The New Government of Canada First-Time Buyer Incentive Program Rolls Out Today!
As many you know the new Government of Canada First-Time Buyer incentive program rolls out today! But do you have all the information that you need to know?
More importantly do you have the answers to these questions, "Do I qualify for the program?", "Is the program right for me?", "Does the government now have a partial ownership in my home?, and "How do I participate in the program?"
You can answer all these questions by downloading this free information book. http://bit.ly/2jY63ZY