August 25th, 2011 by Jason Paul
When you buy your home through the Jason Paul Real Estate Group and his team of professionals including Kate Cosentino and Melissa Olsthoorn at RE/MAX Elite…
Homebuyers often refer to the Jason Paul Real Estate Group, as “miracle workers” for their ability to
find just the right house. However, it’s outside the home purchase where the real miracles happen.
Buyers using the Jason Paul Real Estate Group not only receive the highest-quality service
available from the most experienced Sales Associates in the world, they can also assist sick children.
When you buy your home with the Jason Paul Real Estate Group, we make a contribution on behalf of the sale to the local Children’s Miracle Network hospital.
It’s an incredible way to get started in your new community.
RE/MAX is the exclusive real estate sponsor of Children’s Miracle Network®, an international alliance of 170 children’s hospitals providing state-of-the-art, lifesaving care, 24 hours a day, 365 days a year.
When you list your home with the Jason Paul Real Estate Group…
You receive the highest quality service available from the most experienced Associates in Edmonton, and you will be helping children in your community as well.
Your home will be designated as a “Miracle Home”
We will make a contribution on behalf of the listing and/or sale to the Children’s Miracle Network hospital aligned with your area, Stollery Children’s Hospital.
The Miracle Home program and other fundraising activities in which RE/MAX and the Jason Paul Real Estate Group are engaged are raising millions of dollars for Children’s Miracle Network each year.
You can help by listing your home with a the Jason Paul Real Estate Group of RE/MAX Elite. Together we can make miracles happen for children in your area.
Call us today at 780-487-4847.
June 26th, 2011 by Jason Paul
Unless it is an emergency, the city will not send out a crew free of charge. But for about a $100, you can have a specialist come out to your home or potential home to inspect your drainage, and your drains leading out to the city sewer system. Several homes in older area used ceramic piping versus the new ABS. It can cost $1,000′s of dollars to have these old lines dug up and replaced. Better to find out and negotiate that with the home seller prior to removing any due diligence conditions.
Call the City of Edmonton at 780-496-2876 or Ziggy at 780-720-1244 to book a sewer line inspection.
May 15th, 2011 by Jason Paul
Interesting link to a world clock for population, environment, death, illness & injury, food production, and other interesting stats. As per their accuracy? I am interested how they concluded their formulas? Thoughts?
May 15th, 2011 by Jason Paul
Edmonton is on the verge of another real estate boom, says expert Don Campbell.
Robust growth in the region’s gross domestic product and labour market will set off a chain of events
over the next few months that will heat up housing again, said Campbell, president of Real Estate
Investment Network and author of the bestselling 97 Tips for Canadian Real Estate Investors. (He
donates his royalties to Habitat for Humanity.) “Alberta is uniquely positioned in the world to be a
stable, consistent and growing source of the four things that the world is going to need over the next
decade -food, fuel, fertilizer and forestry,” Campbell said during a stop Monday in Edmonton.
Jobs will attract more people to Edmonton from across Canada. That will push vacancies down and
drive rents up.
In turn, more people will buy homes.
“The jobs are already starting and the in-migration is already beginning,” Campbell said.
“Eighteen to 24 months from now we’re going to see multiple offers. We’re going to see vacancy rates
down as low as 2007, we’re going to see rental increases and we’re going to see the market turn back
into a seller’s market.
“I’ve studied this for 19 years and I have not seen this strong of a perfect storm before.”
Campbell didn’t want to forecast prices or rents, saying it would be a guess, but “you can easily see 10-
to 12-per-cent increases in rents. Rents will go up first and values will go up second.”
His tip for homebuyers: “I suggest that you don’t wait until the frenzy is here because then you’ll be
frustrated, putting in multiple offers. Right now you can see it happen and if you know you’re going to
be buying in the next year or year-and-a-half, and the interest rates are so low right now, now is a
wonderful time to start looking and identify the right neighbourhood.”
Campbell says neighbourhoods within walking distance -50 to 800 metres -from LRT stations and
areas to be serviced by the regional ring road such as Castle Downs, St. Albert and northeast
Edmonton -which he says will eventually resemble southwest Edmonton -are good areas to buy or
Premier Ed Stelmach said in March the northeast quadrant of the Anthony Henday Drive ring road has
been given the green light and is expected to be completed by fall 2016.
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If the arena district goes ahead, interest will also pick up in the surrounding, older areas in the inner
city, Campbell said.
“As a homeowner, you think like an investor: Where’s going to be a spot that’s going to do well that I’m
also happy to live in?”
For homesellers: “If you have the chance to wait, you might want to hold off a little bit. If you think you
want to maximize your dollar, now might be a little early.”
© Copyright (c) The Edmonton Journal
May 14th, 2011 by Jason Paul
Understand your credit and how it works:
In order to be approved for a mortgage and receive the best interest rate that you are capable of, take the following into consideration:
Check your credit once a year for free with both:
Equifax Canada http://www.equifax.ca
TransUnion Canada http://www.transunion.ca/
These two companies keep your credit information that lenders will pull and use for your application. It is good to check it once a year to ensure that your personal information is current and that you have not become a victim of mortgage fraud. For more detailed information visit: http://fcac-acfc.gc.ca/
Your credit score is broken down and evaluated as follows:
35% prior credit performance (how well you have paid off your debts in the past)
30% level of indebtedness (balances currently outstanding)
15% the length of time your credit has been open and active. (older credit is better credit)
10% credit inquiries (applying for credit at several different institutions can have a negative impact, one advantage to use a mortgage broker)
Best credit score is 900 and rarely ever seen.
Great credit is 750 and above
650 becomes more difficult
600 becomes challenging and will usually end in decline or a secondary lender at higher rates.
Don’t be a credit seeker – Don’t apply at several places for credit.
Pay your bills early or on time.
Just don’t be late! Use your credit but pay it off every month and build a history.
Try not to carry high balances or show your credit lines being maxed out.
If you don’t have a credit card or line of credit, go get one and start building a good history, BUT don’t max out your credit – keep all balances below 80% of total credit line. Beware of, and limit or avoid department store cards.
When choosing a mortgage. Consider selecting weekly or bi-weekly ACCELERATED payments in order to pay a substantial less amount of interest, and become mortgage free sooner!
Choose your 25-30 year amortization carefully, and be aware of a worst case scenario of fluctuating rate mortgages that are fixed to prime.
Find out what you can afford in your budget.
Explore Down Payment options.
Lock in your rate.
And start house shopping!
Find a Realtor that your trust and enjoy working with. Hire a Realtor with experience, and who is a proven negotiator. (Jason Paul, has an overall average of ~93.5% of purchase price to list price ratio!)
Have Jason Paul setup a custom search criteria for you. There are an extensive amount of criteria that Jason can setup for you, versus any other real estate searching sites.
From this point forward a good Realtor will guide you through the whole process seamlessly.
May 14th, 2011 by Jason Paul
The following is a excerpt for the Canada Revenue Agency website: http://www.cra.gc.ca
How does a property qualify?
A property qualifies as your principal residence for any year if it meets all of the following four conditions:
• It is a housing unit, a leasehold interest in a housing unit, or a share of the capital stock of a co-operative housing corporation you acquire only to get the right to inhabit a housing unit owned by that corporation.
• You own the property alone or jointly with another person.
• You, your current or former spouse or common-law partner, or any of your children lived in it at some time during the year.
• You designate the property as your principal residence.
The land on which your home is located can be part of your principal residence. Usually, the amount of land that you can consider as part of your principal residence is limited to 1/2 hectare (5,000 square meters), which converts to about 1.24 acres (54,000 square feet).
However, if you can show that you need more land to use and enjoy your home, you can consider more than this amount as part of your principal residence. For example, this may happen if the minimum lot size imposed by a municipality at the time you bought the property is larger than 1/2 hectare.
For more information visit Canada Revenue’s site at:
May 14th, 2011 by Jason Paul
To find out about the future Edmonton LRT locations. Click the following link:
May 12th, 2011 by Jason Paul
Coffee filters …. Who knew! And you can buy 1,000 at the Dollar Tree for almost nothing, even the large ones.
1. Cover bowls or dishes when cooking in the microwave. Coffee filters make excellent covers.
2. Clean windows, mirrors, and chrome… Coffee filters are lint-free so they’ll leave windows sparkling.
3. Protect China by separating your good dishes with a coffee filter between each dish.
4. Filter broken cork from wine. If you break the cork when opening a wine bottle, filter the wine through a coffee filter.
5. Protect a cast-iron skillet.. Place a coffee filter in the skillet to absorb moisture and prevent rust.
6. Apply shoe polish. Ball up a lint-free coffee filter.
7. Recycle frying oil. After frying, strain oil through a sieve lined with a coffee filter.
8. Weigh chopped foods. Place chopped ingredients in a coffee filter on a kitchen scale.
9. Hold tacos. Coffee filters make convenient wrappers for messy foods.
10. Stop the soil from leaking out of a plant pot. Line a plant pot with a coffee filter to prevent the soil from going through&nb sp; the drainage holes.
11. Prevent a Popsicle from dripping. Poke one or two holes as needed in a coffee filter.
12. Do you think we used expensive strips to wax eyebrows? Use strips of coffee filters..
13. Put a few in a plate and put your fried bacon, French fries, chicken fingers, etc on them. It soaks out all the grease.
14. Keep in the bathroom. They make great “razor nick fixers.”
15. As a sewing backing. Use a filter as an easy-to-tear backing for embroidering or appliqueing soft fabrics.
16. Put baking soda into a coffee filter and insert into shoes or a closet to absorb or prevent odors.
17. Use them to strain soup stock and to tie fresh herbs in to put in soups and stews.
18. Use a coffee filter to prevent spilling when you add fluids to your car.
19. Use them as a spoon rest while cooking and clean up small counter spills.
20. Can use to hold dry ingredients when baking or when cutting a piece of fruit or veggies.. Saves on having extra bowls to wash.
21. Use them to wrap Christmas ornaments for storage..
22. Use them to remove fingernail polish when out of cotton balls.
23. Use them to sprout seeds. Simply dampen the coffee filter, place seeds inside, fold it and place it into a plastic baggie until they sprout.
24. Use coffee filters as blotting paper for pressed flowers. Place the flowers between two coffee filters and put the coffee filters in phone book..
25. Use as a disposable “snack bowl” for popcorn, chips, etc.
OH YEAH THEY ARE GREAT TO USE IN YOUR COFFEE MAKERS TOO.
April 13th, 2011 by Jason Paul
Bank of Canada keeps key rate unchanged despite improving economy
Economic activity “stronger than the bank had anticipated”
Tuesday, April 12, 2011
By Julian Beltrame
Source: The Canadian Press
The Bank of Canada has decided to give households at least another seven weeks of low interest rates while offering no clue as to when it might start its long-awaited tightening trend.
The decision Tuesday to keep the policy rate at 1% came despite a mostly upbeat assessment of the Canadian economy from the central bank that predicts faster growth and a quicker return to full capacity.
The bank’s next scheduled date for an interest rate announcement comes May 31.
Meanwhile, it said the economy will grow at 2.9% this year, half a point faster than it estimated in January. As well, the economy will return to full capacity in just over a year, six months earlier than previously thought.
Despite the improved outlook – which brings the bank in line with private sector economists and recent strong economic indicators – that bank chose to highlight the pitfalls to the recovery, which appear to be growing with each report.
Globally, high commodity prices are igniting inflationary pressures, while the earthquake and tsunami disaster in Japan are disrupting supply chains. Meanwhile, Europe still faces debt and banking challenges and the U.S. is beset by both government and household debt.
In Canada, the bank twice cited concern that the high-flying loonie is eating away at exports, a strength in the economy.
“The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices,” it said.
Coincidentally, a trade report from Statistics Canada issued some 30 minutes before the bank’s announcement served to prove the bank’s fears.
Coming off recent strong numbers, Canada’s merchandise trade surplus fell to $33 million in February as exports dropped 4.9% in value terms, and 5.2% in volume terms.
Economists said they were somewhat surprised by the bank’s cautionary approach, and grudging concession that it had been much too pessimistic in its previous assessment.
“It was a little less hawkish and strident than we were expecting,” said Douglas Porter of BMO Capital Markets. “There’s certainly no sign here the bank has got itchy fingers.”
Scotiabank economist Derek Holt said he still expects the bank to hold current interest rates until October, although most analysts see July as when the bank will begin making its first moves toward taking the policy rate to what is considered normal levels above 3%.
Porter notes that if the central bank is correct that the economy will return to full capacity in just over a year’s time, it doesn’t give governor Mark Carney much time to triple the policy rate.
But Holt lists a number of reasons why rates might stay lower longer than normal circumstances might dictate.
Although the bank has upgraded growth this year, it still expects economic expansion to slow next year to 2.6% and to 2.1% in 2013.
Meanwhile, there are the perils of a strong loonie, which would likely rise even further if bolstered by higher rates. And, although the capacity gap is narrowing fast it is unlikely to trigger inflation, which remains in check.
“All told, this is the correct tact,” Holt said of the bank’s position. “Canada is not showing European- or Asian-style price pressures, full stop. Analysts commenting to the contrary must be looking at another country’s data.”
In fact, the Bank of Canada makes a point of noting that it expects wage growth to remain modest going forward.
The bank will release a more detailed explanation of where it sees the economy going on Wednesday.
In Tuesday’s abbreviated statement, the bank said business investment will be a key strength in the economy and that thanks to the wealth effects from Canadian exports of high-value commodities, consumer spending may remain more sprightly than otherwise expected.
Exports have improved, it adds, but they will be weighed down by the strong currency, which makes Canadians products more expensive in foreign markets. Also restraining growth are efforts by governments to rein in deficits.
While it believes the global and Canadian recoveries are becoming more entrenched, the bank also makes clear that there are plenty of traps out there that could upset the apple cart. The global economy also has some momentum, however, it added.
“Despite the significant challenges that weigh on the global outlook, global financial conditions remain stimulative and investors have become noticeable less risk averse,” the bank said.
April 4th, 2011 by Jason Paul
With the recent temperatures melting a lot of the snow build up we thought this would be a useful article for our readers to ensure that they take good care of their homes!
Thank you to Pranil from Top Quality Inspections for supplying us with the below article!
Water may be essential to life, but, as a destructive force, water can diminish the value of your home or building. Homes can suffer water damage that results in increased maintenance costs, a decrease in the value of the property, lowered productivity, and potential liability associated with a decline in indoor air quality. The best way to protect against this potential loss is to ensure that the building components which enclose the structure, known as the building envelope, are water-resistant. Also, you will want to ensure that manufacturing processes, if present, do not allow excess water to accumulate. Finally, make sure that the plumbing and ventilation systems, which can be quite complicated in buildings, operate efficiently and are well-maintained. This article provides some basic steps for identifying and eliminating potentially damaging excess moisture.
Identify and Repair All Leaks and Cracks Listed are common sources of water intrusion:
- windows and doors: Check for leaks around your windows and doors.
- roof: Improper drainage systems and roof sloping reduce roof life and become a primary source of moisture intrusion. Leaks are also common around vents for exhaust or plumbing.
- foundation and exterior walls: Seal any cracks and holes in exterior walls, joints and foundations. These often develop as a naturally occurring by-product of differential soil settlement.
- plumbing: Check for leaking plumbing fixtures, dripping pipes, clogged drains (both interior and exterior), defective water drainage systems.
- ventilation, heating and air conditioning (HVAC) systems: Numerous types, some very sophisticated, are a crucial component to maintaining a healthy, comfortable home environment. They are comprised of a number of components (including chilled water piping and condensation drains) that can directly contribute to excessive moisture in the environment. In addition, in humid climates, one of the functions of the system is to reduce the ambient air moisture level (relative humidity) throughout the building. An improperly operating HVAC system will not perform this function.
Prevent Water Intrusion Through Good Inspection and Maintenance Programs
Hire Top Quality Inspections Inc. to perform an inspection of the following elements of your home to ensure that they remain in good condition:
- Flashings and sealants: Flashing, which is typically a thin metal strip found around doors, windows and roofs, are designed to prevent water intrusion in spaces where two building materials come together. Sealants and caulking are specifically applied to prevent moisture intrusion at building joints. Both must be maintained and in good condition.
- Vents: Should have appropriate hoods, exhaust to the exterior, and be in good working order.
- Review the use of manufacturing equipment that may include water for processing or cooling.
- Ensure wastewater drains adequately away, with no spillage. Check for condensation around hot or cold materials or heat-transfer equipment.
- HVAC Check for leakage in supply and return water lines, pumps, air handlers and other components. Drain lines should be clean and clear of obstructions. Ductwork should be insulated to prevent condensation on exterior surfaces.
- Humidity: the relative humidity in your home should be between 30% and 50%. Condensation on windows, wet stains on walls and ceilings, and musty smells are signs that relative humidity may be high.
- Moist areas: Regularly clean off then dry all surfaces where moisture frequently collects.
- Expansion joints: Expansion joints are materials between bricks, pipes and other building materials that absorb movement. If expansion joints are not in good condition, water intrusion can occur.
If you have any questions about this article, or would like to speak to Top Quality Inspections about your next inspection on your home, please contact them at (780) 243-0121