Listing Notifications

Holiday Fire Safety

Residential fires take their toll every day, every year, in lost lives, injuries, and destroyed property. According to the National Fire Protection Association, a home structure fire was reported every 86 seconds in the U.S. in 2014. The fact is that many conditions that cause house fires can be avoided or prevented by homeowners. Taking the time for some simple precautions, preventive inspections, and concrete planning can help prevent fire in the home – and can save property and lives should disaster strike.
• All electrical devices including lamps, appliances, and electronics should be checked for frayed cords, loose or broken plugs, and exposed wiring. Never run electrical wires, including extension cords, under carpet or rugs as this creates a fire hazard.
• Fireplaces should be checked by a professional chimney sweep each year and cleaned if necessary to prevent a dangerous buildup of creosote, which can cause a flash fire in the chimney. Cracks in masonry chimneys should be repaired, and spark arresters inspected to ensure they are in good condition and free of debris.
• When using space heaters, keep them away from beds and bedding, curtains, papers – anything flammable. Always follow the manufacturer’s instructions for use. Space heaters should not be left unattended or where a child or pet could knock them over.
• Use smoke detectors with fresh batteries unless they are hard-wired to your home’s electrical system. Smoke detectors should be installed high on walls or on ceilings on every level of the home, inside each bedroom, and outside every sleeping area. Statistics show that nearly 60% of home fire fatalities occur in homes without working smoke alarms. Most municipalities now require the use of working smoke detectors in both single and multi-family residences.
• Children should not have access to or be allowed to play with matches, lighters, or candles. Flammable materials such as gasoline, kerosene, or propane should always be stored outside of and away from the house.
• Kitchen fires know no season. Grease spills, items left unattended on the stove or in the oven, and food left in toasters or toaster ovens can catch fire quickly. Don’t wear loose fitting clothing, especially with long sleeves, around the stove. Handles of pots and pans should be turned away from the front of the stove to prevent accidental contact. Keep an all-purpose fire extinguisher within easy reach. Extinguishers specifically formulated for grease and cooking fuel fires are available and can supplement an all-purpose extinguisher.
• Have an escape plan. This is one of the most important measures to prevent death in a fire. Visit ready.gov for detailed information on how to make a plan. Local fire departments can also provide recommendations on escape planning and preparedness. In addition, all family members should know how to dial 911 in case of a fire or other emergency.
• Live Christmas trees should be kept in a water-filled stand and checked daily for dehydration. Needles should not easily break off a freshly-cut tree. Brown needles or lots of fallen needles indicate a dangerously dried-out tree which should be discarded immediately. Always use nonflammable decorations in the home, and never use lights on a dried-out tree.
• Candles add a festive feeling, and should be placed in stable holders and located away from curtains, drafts, pets, and children. Never leave candles unattended, even for a short time.
Holiday lights should be checked for fraying or broken wires and plugs. Follow the manufacturer’s guidelines when joining two or more strands together, as a fire hazard could result from overload. Enjoy indoor holiday lighting only while someone is home, and turn them off before going to bed at night.

Source _ Pillar to Post
 

Attention home buyers.

The Liberal government could be about to impose tougher restrictions on homebuyers by raising the minimum downpayment for a government-insured mortgage. Mortgage expert Robert McLister says that there could be a sliding scale of downpayment requirements depending on the price of the home. The Huffington Post reports that it could mean a 10 per cent minimum for those buying a home of $700,000 or more; which would particularly hit those in Toronto and Vancouver where average prices are already above that level. Those buying a home above $501,000 would have to find 7 per cent as a minimum. The Finance Department told HuffPost Canada that it does not comment on unconfirmed policy options but that it regularly reviews policies in consideration of the housing market and wider economy.

Source- Steve Randall www.repmag.ca
 

2626 49 Street : Edmonton : E4001266

Welcome to this 3 bedroom, 2 bathroom, 1164sq.ft 4 Level Split in Weinlos!
 

 

MLS#: E4001266 Beautifully RENOVATED 4 level split home located in the quiet neighborhood of Weinlos. Upon arrival you are greeted by brand new tile from the foyer to the kitchen, and brand new carpet in the living room. The living room features a large brick wood burning fireplace, and flows into both the living room, and country kitchen making it perfect for entertaining. The kitchen has brand new tile floors, a stunning tile backlash, and new countertops throughout. Upstairs is 3 lovely bedrooms, and a large 4 piece bath with upgraded floors, countertops, and features a unique bath set. The lower level features a large family room, and an additional 3 piece bathroom. The basement is unfinished, and is awaiting your own personal touch! The double detached garage, large backyard, along with perfect situated location near schools, shopping, and public transportation complete this home. Fresh paint, flooring, counters and other upgrades are featured throughout.
 
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Canadian millennials better prepared to buy homes

Canadian millennials are faring much better than those in the United States in the wake of the global financial crisis – especially when it comes to property.

According to a new report from Toronto-Dominion Bank, Canada’s relatively rapid recovery from the crisis and its strong housing market helped boost the financial prospects of millennial workers. About half of Canadian millennials own real estate – a much higher home ownership rate than in previous generations at the same age, according to a report by the Business News Network. Meanwhile, just 36% of U.S. millennials are homeowners.

And rising home values mean that Canadian millennials have, on average, nearly double the net worth of young people in the U.S., according to the report. Millennial households in Canada are worth $156,000 on average, while young households in the States are worth an average of $76,000.

It’s not all wine and roses for young Canadians, however. The report said that Canada’s high home prices have left this country’s young people deeper in debt than their U.S. counterparts, with the average Canadian millennial owing about $113,000, compared to about $83,000 for U.S. millennials. And those higher debt loads mean Canadian millennials could be more vulnerable to a housing price correction, BNN reports.

Meanwhile, TD projects that Canada’s high home ownership rate has probably peaked, while the U.S. market has most likely bottomed out and is on the road to recovery, while higher levels of postgraduate education in the U.S. will help that country’s young workers to take advantage of its improving economy.

Source: Ryan Smith – Real Estate Professional- www.repmag.ca
 

Millwoods November 2015 Stats

Below is the Stats for Millwoods November 2015 stats.
 

8603 7 Avenue SW : Edmonton : E4000856

Welcome to this 5 bedroom, 4 bathroom, 2,067sq.ft single family home in Ellerslie!


MLS#: E4000856

Massive home located in the quiet neighborhood of Ellerslie.This beautiful home features 5 generous bedrooms, 3.5 baths, & includes a home theatre system in the basement. The living room is steps away from when you first arrive through the front door, & nearby is the laundry/mudroom that has access to the double attached insulated & dry walled garage. The kitchen is massive with tons of cabinetry, an island with sink, & flows into both the dining room, & great room. Upstairs has 2 generous bedrooms, each with walk-in closets, & Jack & Jill bath to share. To complete the upper level is the huge master bedroom, with large windows overlooking the front yard, & the master ensuite with stand up shower, & soaker tub. The basement is fully finished with a large family room that includes the home theatre system, & 2 additional large bedrooms. To finish off the basement is a large bath with a stand up shower. This home is located close to schools, playgrounds, shopping & the Anthony Henday.

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8603 7 Avenue SW : Edmonton : E4000856

Welcome to this 5 bedroom, 4 bathroom, 4498sq.ft single family home in Ellerslie!
 

 

MLS#: E4000856
 
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SOLD! : 3 E Callingwood Court : Edmonton

Norm Cholak just SOLD this 3 bedroom, 2 bathroom Townhouse in the North Callingwood area of Edmonton!
 

 
This incredible end unit 2 storey townhouse is located in a desirable complex situated close to schools, shopping, public transportation, West Edmonton Mall, and has easy access to the White Mud. This home features an oak kitchen, large living room, 3 generous bedrooms, 1 ½ baths and fresh paint throughout. The yard is fully fenced and secluded with a rear entrance into the home. All this and much more!
 
 
Are you ready to put Norm Cholak’s decades of experience to work for you? Get started by clicking the appropriate button below! Or, call Norm at 780-991-1313 now!

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SOLD! : 5105 107 Street NW : Edmonton

Norm Cholak just SOLD this 3+1 bedroom, 2 bathroom Half duplex in the Pleasantview area of Edmonton!

This lovely renovated main floor half duplex bungalow features 3 + 1 bedrooms and 2 bathrooms. Two beautiful kitchens, one on the main floor which boasts 3 bedrooms, a full bathroom & its own main floor laundry. The second in the fully finished basement with a separate side entrance, 4 piece bathroom, large family room, private massive bedroom & second laundry space. This half duplex features a large yard with a single detached garage, and is perfectly situated within walking distance to Southgate Mall, and the LRT.

Are you ready to put Norm Cholak’s decades of experience to work for you? Get started by clicking the appropriate button below! Or, call Norm at 780-991-1313 now!

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Interesting! Have you thought about this?

Rising real estate is pricing many out of starting a family:

Rising real estate prices have made starting or expanding a family a luxury for more than half of Canadians, according to a new study.

According to a survey by RateSupermarket.ca, 55.6% of Canadians say their ability to start or expand a family is directly impacted by real estate prices. That number spikes to 72.11% among millennials.

“While it’s no surprise that kids are hard on the wallet – at a quarter of a million dollars to raise a baby to college-age – it is disheartening Canadians increasingly feel they must choose between home ownership and their desire to be parents,” said Penelope Graham, editor at RateSupermarket.ca. “Rising home prices, especially in Canada’s urban centres, are making it tougher for millennials to follow their family dreams.”

Rising home prices combine with the other expenses of raising a family to simply put it out of reach for many, according to the survey. For instance, more than 46% of millennials say existing debt prevents them from growing their family, and only 15.21% of all survey respondents saying that childcare was affordable in their area.

Graham said the high cost of raising families meant millennials needed to be serious about bargain-hunting when searching for homes.

“It’s more important than ever that would-be homeowners compare their mortgage options and boost their affordability with truly competitive financing,” she said.

Other survey highlights: •54.5% said family costs were greater than they expected
•52.8% said they couldn’t start or expand their family in their current home
•49.4% said they had changed their minds about their desired family size because of the expected costs

courtesy of :
http://www.repmag.ca/news/rising-real-estate-is-pricing-many-out-of-starting-a-family-199742.aspx