168飞艇开奖官网记录直播 Doug Murray, Author at Home Network https://www.homenetwork.ca/author/dmurray/ DIY Kitchens & Bathrooms | Decorating Home Ideas Thu, 06 Feb 2025 21:29:14 +0000 en-CA hourly 1 https://assets.homenetwork.ca/wp-content/uploads/2024/10/cropped-Home-512x512-1-32x32.png 168飞艇开奖官网记录直播 Doug Murray, Author at Home Network https://www.homenetwork.ca/author/dmurray/ 32 32 168飞艇开奖官网记录直播 Are Your Home and Pets Making You Sick? https://www.homenetwork.ca/are-your-home-and-pets-making-you-sick/ Thu, 06 Feb 2025 21:29:14 +0000 https://www.homenetwork.ca/are-your-home-and-pets-making-you-sick/ Pets bring joy and companionship into our homes. They offer unconditional love, and we treat them like family. But while they add so much to our lives, they can also contribute to poor indoor air quality in ways most of us aren’t aware of. As Mike Feldstein, founder of the air purifier company Jaspr, notes, […]

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Dog and cat looking through a window

Pets bring joy and companionship into our homes. They offer unconditional love, and we treat them like family. But while they add so much to our lives, they can also contribute to poor indoor air quality in ways most of us aren’t aware of.

As Mike Feldstein, founder of the air purifier company Jaspr, notes, “Pets are amazing, but they bring along fur, dander and allergens that can seriously affect your air quality. A lot of people don’t even realize it until they start feeling the effects.” If you’ve been experiencing sneezing, congestion or other allergy-like symptoms, your pets may be part of the problem.

Related: 10-Minute Cleaning Routines: How to Clean a House Fast

dog and a sneezing woman
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How Dogs Affect Indoor Air Quality

While dogs are our best buddies, they’re also notorious for tracking the outside world into your home. Every time they go outside, they pick up pollen, dirt and even chemicals from lawns and sidewalks, bringing them straight into your living space. Even if you’re diligent about keeping your home sparkling clean, your dog may be introducing new allergens every time they come back inside. These contaminants accumulate over time, and that impacts the air you breathe.

Beyond external pollutants, dogs also produce their own allergens. Their fur sheds constantly, floating through the air and settling on furniture and carpets. There’s also pet dander; the microscopic flakes of skin that become airborne and can trigger allergies and asthma. These particles can linger in the air and settle in fabrics, leading to prolonged exposure. Even people who aren’t usually allergic to dogs may find themselves reacting at some point, thanks to the continuous presence of these allergens.

Another often overlooked factor is moisture. Dogs add humidity to a home through their breath and wet fur, creating an environment where mould and mildew thrive. If you’ve ever noticed a musty smell or condensation on your windows, excess moisture from pets could be a contributing factor. Mould spores, in particular, can be harmful when inhaled. This can lead to respiratory issues and worsen conditions like asthma.

Related: 12 Stylish Dog Beds That Fit Any Home or Style

woman sneezing beside a cat
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How Cats Contribute to Indoor Air Issues

Cats, despite their reputation for cleanliness (and general awesomeness), present their own challenges when it comes to indoor air quality. In addition to shedding fur and dander, their litter boxes can be a significant source of airborne toxins.

Clumping litter, in particular, can release fine dust that circulates through your home, causing potential respiratory issues. This dust settles on floors, furniture, and bedding, so even people without direct contact with the litter box may be affected. Over time, inhaling these particles can cause irritation in the throat and lungs, particularly in those with preexisting respiratory conditions.

Related: How to Keep Your Cats Away From Your Plants, According to an Expert

Another concern is ammonia, a compound found in cat urine. In high concentrations, it can irritate the lungs and worsen existing respiratory conditions. A poorly maintained litter box can cause ammonia levels to rise, leading to an unpleasant, funky smell and possible health risks. Even if you clean regularly, some of these volatile organic compounds can linger in the air, further reducing indoor air quality.

Additionally, because cats groom themselves so frequently, they ingest environmental contaminants that later get released into the air through their saliva and fur. When a cat cleans itself, allergens, dirt and other particles can become airborne, further contributing to indoor air pollution. This is especially problematic in homes with multiple cats, where the concentration of allergens tends to be much higher.

Related: How Often Should You Wash Your Sheets?

Jaspr air purifier
Jaspr

What You Can Do to Improve Air Quality

The good news is that there are several steps dog and cat owners (parents!) can take to improve indoor air quality. The first step is regular grooming. Brushing your pets frequently reduces the amount of fur and dander circulating in your home. Bathing dogs regularly and using pet-friendly, non-toxic shampoos can also help wash away allergens and nasty pollutants before they spread.

Frequent cleaning around the house is equally important. Vacuuming carpets, upholstery and pet beds with a high-efficiency particulate air (HEPA) filter can trap tiny particles before they become airborne. Washing pet bedding and household fabrics on a regular basis can prevent allergens from accumulating. For cat owners, switching to a low-dust, natural litter can reduce airborne toxins and improve overall air quality.

Related: The Gross Reason You Need To Wash Your Pillows More

Air filtration is another highly effective way to maintain a healthy home environment. Investing in a high-quality air purifier with a HEPA filter can help remove pet dander, fur and other airborne contaminants like mould and bacteria. These devices work best when placed in areas where pets spend the most time, such as living rooms and bedrooms. Some advanced purifiers also tackle odours using activated carbon, making the home feel fresher overall.

Ventilation also plays a crucial role. Opening windows periodically allows fresh air to circulate, reducing the concentration of indoor pollutants. If weather conditions make this difficult, using exhaust fans and dehumidifiers can help regulate humidity levels and prevent mould growth.

Related: 10 Hidden Spots That Need a Deep Clean in Your Bedroom

Mike Feldstein
Jaspr

A Healthier Home for You and Your Pets

Living with pets doesn’t mean you have to suffer from poor air quality. Simple adjustments like regular grooming, routine cleaning and using an air purifier can make a significant difference in the health of your indoor space. Understanding how pets impact air quality allows you to take proactive steps to make sure your home remains a clean and comfortable environment for both you and your furry babies.

Jaspr’s Mike Feldstein emphasizes the role of air purification in maintaining a healthy home. “We’ve helped so many pet owners create cleaner, healthier homes by tackling those invisible issues, and they tell us so! With an air purifier like Jaspr, you can enjoy the company of your pets without worrying about the air you’re breathing.”

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168飞艇开奖官网记录直播 Real Estate Agents Across Canada Share Their 2025 Predictions https://www.homenetwork.ca/real-estate-2025-predictions/ Thu, 05 Dec 2024 23:30:58 +0000 https://www.homenetwork.ca/real-estate-2025-predictions/ 2024 was a year of change in the Canadian housing market, led by interest rate cuts. What’s on tap for 2025? It depends on who you ask and where you’re looking. It also depends on your budget, whether you’re a first-time homebuyer, trading up or looking at adding a revenue property to your portfolio. Before […]

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Couple looking at real estate listings

2024 was a year of change in the Canadian housing market, led by interest rate cuts. What’s on tap for 2025? It depends on who you ask and where you’re looking. It also depends on your budget, whether you’re a first-time homebuyer, trading up or looking at adding a revenue property to your portfolio. Before we get to our expert realtors, let’s look at what to expect nationally.

The Canadian Real Estate Association (CREA) forecasts a rebound in the housing market for 2025. They expect national home sales to climb by 6.6 per cent as interest rates decline and demand increases. At the same time, the national average home price is projected to rise by 4.4 percent to $713,375 in 2025.

CREA’s optimistic outlook is based on anticipated lower interest rates and pent-up demand flowing back into the market. However, the recovery is expected to be gradual, with a sharper rebound anticipated in the second quarter of 2025. Their forecast suggests a steady improvement in market conditions, with potential for stronger momentum as affordability improves.

A recent Leger survey commissioned by RE/MAX Canada reveals that 49 per cent of participants believe homeownership is attainable, while 36 per cent express optimism about improving market conditions in 2025. The report also predicts a five per cent increase in the national average home price next year, reflecting a more active market and anticipated sales growth in most of the country. RE/MAX says this renewed confidence is particularly strong amongst first-time homebuyers, who are expected to significantly drive market activity in the coming year.

That’s the national outlook, but what about regions across the country? We asked some of Canada’s leading agents for their take on what to expect in 2025.

Cody Sentner
KW Select Realty

Cody Sentner (Halifax, NS)
Realtor, KW Select Realty

The 2025 real estate market in Nova Scotia (Halifax Regional Municipality or HRM, Truro and East Hants are my main zones), despite all the turbulence in the world, seems to be trending back to normalcy. Mortgage rates keep coming down, houses are not selling instantly with multiple offers as much and we are seeing open houses and price reductions on listings happening more regularly.

I’ve been working lately with a lot of young or first-time homebuyers who had been waiting for the dust from the “covid market” to settle down. In many instances, we’ve had a chance to get homes for under the asking price.

While no one has a perfectly clear crystal ball to predict the shifts that world events will have on our province and its housing market, anecdotally, I have seen trends taking us back to a healthy market for both sellers and buyers.

I don’t expect we will see housing prices drop like a lot of people expected after the “COVID market” prices, but instead expect them to stabilize. The reason is that for a long time, Nova Scotia had relatively stagnant home prices. I view the boom in prices from the “COVID market” as a catalyst that brought Nova Scotia home prices up to where they should have been climbing naturally over the last decade and a half.

I feel we are slowly coming out of those growing pains and fully expect the market to be in a great place for first-time homebuyers to be able to get great starter homes that fit their lifestyles and family.

One thing to be aware of, if you have school-aged children, is that a lot of schools are also experiencing the growing pains of Nova Scotia’s growth. Class sizes can be a problem in some areas, with many more students than teachers are used to. So, it always helps to talk to people in the area and see how their schools are doing before making a choice.

Related: Real Estate Agents Across Canada Share Their 2024 Predictions

Ming Lim
Volition Properties

Ming Lim (Toronto, ON)
Head of Realty Broker
Volition Properties

The Toronto real estate market is gearing up for significant activity in spring 2025. After two years of pent-up demand due to elevated interest rates, buyers are returning as rates begin to ease. However, the recovery will differ across market segments.

Starter homes under $1.5 million are projected to see the highest levels of activity. These buyers, highly sensitive to interest rate shifts, are expected to drive increased competition, bidding wars and ultimately higher prices. Mid-tier homes priced between $1.5 and $2.5 million will recover more gradually, while the luxury market above $2.5 million is likely to remain sluggish through 2025. In contrast, smaller towns like Hamilton and Oshawa, which saw demand surge during the pandemic due to Toronto’s overflow, may experience slower rebounds. With Toronto prices now more accessible, buyers are refocusing their attention on the city.

The condo market continues to face headwinds. Low absorption rates – indicating slow sales relative to supply – are keeping resale prices under pressure. With more pre-construction units coming online in 2025, inventory will increase further, exacerbating the issue. The new condo sales market remains frozen, with sales down 91 per cent from the 10-year average, and a rebound is unlikely until the resale market strengthens. For first-time buyers, though, this presents an opportunity to enter the market affordably, without the stress of bidding wars or rushed decisions.

A significant portion of Volition Properties’ client base consists of real estate investors, giving the firm unparalleled insight into the multifamily investment property market. Spring 2025 will present a compelling opportunity for investors.

Historically, the investment market lags behind the single-family home sector, and as home prices trend upward, multifamily properties are expected to follow suit. Lower HELOC (home equity line of credit) rates will allow investors to tap into equity more affordably, while decreasing mortgage rates enhance cash flow potential for new acquisitions, both of which will drive further demand for investment properties.

Activity among sophisticated investors is already on the rise, with many seeking to capitalize on “great deals” ahead of the curve. We anticipate this trend will gain momentum throughout 2025, offering proactive investors a narrow but promising window to secure prime opportunities.

Related: Is Multigenerational Living the New Canadian Reality?

Matthew Lee
Volition Properties

Matthew Lee (Toronto, ON)
Founder and Managing Partner
Volition Properties

Toronto’s real estate market has become a challenging landscape for first-time buyers seeking more than a tiny condo. Developers have been significantly reducing unit sizes, making them impractical for many homeowners. While investors bought them in vast quantities and leased them to young professionals, these small units are now stagnating on the market. Quite simply, they fail to meet the needs of today’s buyers who are planning ahead and considering starting families. Instead, many first-time buyers are now looking beyond the traditional “shoebox condo” and seeking properties that offer more space, versatility and long-term value, which typically meant they had to look outside Toronto. Volition Properties offers a compelling alternative: duplexes and triplexes that let buyers stay in Toronto and invest wisely.

Recent changes to CMHC mortgage rules, effective December 15, 2024, allow first-time buyers to put down less than 20 per cent on homes up to $1.5 million, with extended 30-year amortizations. This makes small multifamily properties in downtown Toronto comparable to condos in terms of down payment and carrying costs. By living in one unit and renting out the others, buyers can significantly offset their mortgage payments. For example, a $600k condo would require $138k down and cost $3,350 monthly to carry, while a $1.3M triplex would require $153k down and cost about $3,400 monthly after renting out two units.

Duplexes and triplexes are reshaping what a first home can be. Instead of starting with a condo, young buyers can have more space, generate rental income and own a property with superior appreciation potential by opting for a multi-unit property. Not only does this provide a place to call home, but it also introduces them to real estate investing, positioning them for greater financial success. For instance, back in 2019, a young couple bought a triplex through us, and they were able to leverage the equity growth and increasing rents to purchase a second investment property within three years. For over a decade, Volition Properties has helped hundreds of clients leverage this approach to grow their portfolios, and with new CMHC rules, this trend is set to accelerate into 2025 and beyond.

Related: 5 Advantages to Buying a Home in the Winter Season

Randy Bettens
Randy Bettens Personal Real Estate Corporation

Randy Bettens (Winnipeg, MB)
Randy Bettens Personal Real Estate Corporation

The real estate market in the Prairies has remained strong throughout 2024, and will continue this trend as we move into 2025. With the Bank of Canada expected to further reduce interest rates, it is almost certain we will see an increase in the demand for housing, along with a similar increase in the cost to purchase a property.

First-time homebuyers should consider purchasing as early as possible in the Spring of 2025 to avoid potential bidding wars later in the year. Consulting with a mortgage expert can assist you in securing the best rates possible, and provide solid advice for managing your financial requirements.

For those looking to sell, start planning now by getting your house ready. Consider hiring a professional staging company to assist in the design and appearance for prospective buyers. A small investment in the saleability of your home will go a long way in maximizing the return on your greatest investment.

Related: Buying an Older Home? Watch Out for These Red Flags

April DeJong
Royal LePage Benchmark

April DeJong (Calgary, AB)
Senior Real Estate Specialist
Royal LePage Benchmark

Premier Danielle Smith recently highlighted that Calgary is a major contributor to Alberta’s economy, including having the highest increase in active businesses among Canadian cities. Alberta’s resilience — driven by increased energy market access, steady population growth and emerging industries like tech, hydrogen and aviation — underscores the exciting opportunities here. Transformative projects like the Calgary Events Centre (part of a $1.22 billion initiative) and over $2.5 billion in residential investment (slated for completion by 2026) have Calgary poised for an exciting future.

Looking ahead to 2025, I’m optimistic for younger and first-time homebuyers, who continue to find opportunities in our market. Calgary and surrounding communities remain a more affordable alternative to cities like Toronto and Vancouver, with a benchmark price that supports attainable homeownership. With a growing construction industry, supply imbalances are likely to ease over time, providing more options for buyers.

The Bank of Canada’s recent interest rate reductions, along with increased inventory, have already sparked increased activity in the mid-range market ($550K–$700K), while the condo segment slows. If rates drop further, the spring market could see a surge, as buyers seize the opportunity to enter the market. Buyers may wish to enter the market earlier and take advantage of a variable rate, which would fluctuate with the rate changes. Historically, homeowners who choose variable rates will save money on interest payments, and you can lock into a fixed rate at any time.

Calgary’s appeal lies in its combination of economic opportunity, quality of life and relative affordability. With a projected two per cent population increase and Alberta’s economic growth expected to lead the country (2.5–2.8 per cent), the 2025 real estate outlook for Calgary and Southern Alberta is conservatively strong. Combined with strong consumer confidence and a stable real estate market, these factors ensure Calgary remains a city of opportunity for years to come.

Related: Buying an Investment Property With Friends? Ask These Questions First

Kit Matkaluk and Hugh Cooper
Kit + Coop/The Agency Vancouver

Kit Matkaluk and Hugh Cooper (Vancouver, BC)
Kit + Coop
Managing Partners
The Agency Vancouver

Vancouver will be affected by declining interest rates and cooling inflation, leading us to anticipate a temporary lull for sellers over the next two to four months. However, as market sentiment and optimism return, we expect the real estate market to become very active starting in Q2. As we approach the end of 2024, opportunities will abound. It won’t be long before affordable borrowing options create a surge in demand that outstrips supply. By year-end, we project demand to exceed supply, resulting in rising prices, multiple offers and dwindling affordability. For first-time homebuyers, presales slated to close in 1-2 years offer a solid hedge against lower rates and rising property values.

Related: When Will Mortgage Rates Drop in Canada? An Expert Weighs In

Susan Anthony
The Agency Vancouver

Susan Anthony (Sunshine Coast, BC)
Agent
The Agency Vancouver

After a pretty dismal summer and fall in terms of sales on the Sunshine Coast, we are anticipating a bump in the spring next year. Lower interest rates, loosening requirements for first-time buyers and the current high inventory all combine to make a favourable market for buyers.

We are already seeing an increase in interest below about $1 million. The Sunshine Coast generally follows Vancouver by about three to four months in terms of sales. By all accounts, the city is picking up, so by spring we hope to see that bounce. But it’s always a good time to buy on the beautiful Sunshine Coast!

You Might Also Like: Where First-Time Homebuyers Can Find Opportunities in Canada Now

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168飞艇开奖官网记录直播 The Best and Worst Cities for Homebuyers in Canada Revealed https://www.homenetwork.ca/best-worst-cities-homebuyers-canada/ Mon, 25 Nov 2024 23:18:43 +0000 https://www.homenetwork.ca/best-worst-cities-homebuyers-canada/ Dreaming about buying your first home and wondering if you’ll ever be able to afford it? You’re not alone. You probably already know that navigating the Canadian real estate market is challenging for prospective homebuyers. Skyrocketing prices, fluctuating demand, interest rates, and the cost of living may make the dream seem more like a nightmare. […]

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for sale sign in front of a house

Dreaming about buying your first home and wondering if you’ll ever be able to afford it? You’re not alone. You probably already know that navigating the Canadian real estate market is challenging for prospective homebuyers. Skyrocketing prices, fluctuating demand, interest rates, and the cost of living may make the dream seem more like a nightmare. On top of all that, you still need somewhere to live. How do you save a significant amount of money in a reasonable time, while still paying rent?

According to a recent study conducted by the money experts at Money.ca, the situation varies across the country. Their data reveals some good news for homebuyers. There are cities in Canada where affordability is within reach and cities where renting costs are lower. By combining affordability with lower rents, homebuyers can find a property they can afford and save up a down payment in much less time.

Related: New Mortgage Rules Every Homebuyer Should Know About

With prohibitive property costs and sky-high rents, Canada’s big cities like Toronto and Vancouver are the least favourable markets in the country. However, there are more accessible options in Canada’s smaller markets. While budgeting is essential to saving for your first home, so is lowering your monthly costs to save faster.

couple looking at a real estate listing on a tablet
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The study looked at rent affordability and the time it takes to save for a home deposit. They used average one-bedroom rent prices and annual income data to determine the percentage of income spent on rent. Then, taking average home prices from the Canadian Real Estate Association (CREA), they estimated how long it would take to save up a 10 per cent deposit for an average priced home. Their calculations revealed the best (and worst) cities by the time necessary to save a down payment.

Related: What Is Mortgage Payment Shock and Why Are Canadians Worried?

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Top 10 Major Cities With the Best Affordability for One-bedroom Rentals

Quebec City is the top choice for prospective buyers looking to rent while saving for a home, with residents spending just 21.6 per cent of their annual income on rent. The average monthly rent for a one-bedroom unit is $911, while the average yearly wage is $50,500, making it 37 per cent lower than the national average rent-to-income ratio of 34.5 per cent.

Montreal ranks second, with renters allocating 26.3 per cent of their $43,800 annual income toward a $960 monthly rent. And St. John’s, NL, comes in third, where residents spend 27.7 per cent of their $39,100 annual income on a $904 one-bedroom unit. All of these cities are ideal for saving toward homeownership.

op 10 major cities with the best affordability for one-bedroom rentals

Top 10 Major Cities With the Worst Affordability for One-Bedroom Rentals

It’s not surprising that Canada’s top urban centres offer the worst affordability. Toronto ranks as the least affordable major city for prospective homebuyers to rent in, with residents spending a whopping 48.5 per cent of their $41,800 annual income on an average one-bedroom rent of $1,691. That certainly doesn’t leave much room for savings.

Vancouver is the second-worst, where renters allocate 46 per cent of their $44,200 annual income toward a $1,697 monthly rent. Halifax takes the third spot, with tenants spending 41 per cent of their $38,700 income on a $1,322 one-bedroom unit. These numbers highlight the significant challenges of saving for a home in these cities.

Top 10 major cities with the worst affordability for one-bedroom rentals

Related: When Will Mortgage Rates Drop in Canada? An Expert Weighs In

Top 10 Major Cities With the Fastest Home Deposit Savings Time

Now, this is where it starts to get interesting. Now that we know the best (and worst) cities for renting while saving up for a down payment, we can work out how long it takes to save for a down payment in each city. To do this, researchers applied the 50-30-20 rule to monthly income. The common budgeting rule suggests allocating 50 per cent of your income to needs, 30 per cent to wants, and 20 per cent to savings and debt repayment. This enabled researchers to estimate how long it would take prospective buyers to save up a 10 per cent down payment.

The study revealed that Quebec City is the best city for prospective homebuyers, offering the most affordable rent and the fastest path to saving for a home deposit. With an average annual income of $50,500 and a home price of $343,200, it takes just under three and a half years (40 months) to save for a 10 per cent deposit by allocating 20 per cent of monthly income. Regina ranks second, requiring about 42 months to save for a 10 per cent deposit, with an average income of $43,900 and a home price of $310,223. Winnipeg is third. Potential buyers need just over four years (49 months) to save 10 per cent for a $346,654 home with an average annual income of $42,300.

Top 10 major cities with the fastest home deposit savings time

Top 10 Major Cities Where It Takes Longer to Save for a Home Deposit

And at the bottom end, Vancouver is the least favourable city for homebuyers, with high rental costs and the longest time required to save for a 10 per cent deposit. With an average annual income of $44,200 and a home price of $1,193,808, it would take approximately 162 months — around 13.5 years — to save if 20 per cent of monthly income is put away. That’s over a decade longer than in Quebec City!

Toronto ranks second, where residents earning $41,800 annually would need about 158.5 months (13 years and two months) to save for a 10 per cent deposit on a $1,104,592 property.

BC’s Lower Mainland (Vancouver’s metro area) follows as the third slowest, with an average income of $43,900 and an average house price of $1,128,008, requiring about 154 months, or nearly 12 years and ten months, to save for a deposit at the same rate.

Top 10 major cities where it takes longer to save

couple getting the key to their new home
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Location makes a huge difference if you’re serious about saving for a home. “Deciding where to rent while saving for a home can be very challenging with rising rental prices,” explains Kris Bruynson, VP of Marketing and Product at Money.ca. “Although Vancouver and Toronto are appealing, each home buyer must weigh the cost versus savings when buying in these expensive cities. Is it worth spending 13 years saving up a down payment just to get on the property ladder in an expensive city?”

That’s definitely something to consider.

Tables courtesy: Money.ca

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168飞艇开奖官网记录直播 The Gross Reason You Need To Wash Your Pillows More https://www.homenetwork.ca/reason-wash-pillows-more/ Tue, 19 Nov 2024 15:14:13 +0000 https://www.homenetwork.ca/reason-wash-pillows-more/ When was the last time you washed your pillows? If the answer is never, you might find the following pretty gross. As much as you love your pillows, so do other guests. We’re talking about the invisible kind. The ones you don’t know are there but can profoundly affect the quality of your sleep and […]

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Woman sleeping peacefully in bed

When was the last time you washed your pillows? If the answer is never, you might find the following pretty gross. As much as you love your pillows, so do other guests. We’re talking about the invisible kind. The ones you don’t know are there but can profoundly affect the quality of your sleep and your health. From dead skin to fungus and mold, if you’re not washing and replacing your pillows regularly, you’re sleeping with all kinds of nasty stuff.

Here are five reasons why you need to take pillow hygiene seriously:

dust mites
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Reason 1: Dead Skin Cells and Dust Mites

The average person sheds thousands of skin cells every night. That’s pretty gross, but it gets worse. All those skin cells become food for dust mites. While you’re snoozing away, they’re crawling around, getting their fill at the dead cell buffet.

Dust mites love bedding and pillows. We’re not talking about a couple of mites, either. We’re talking about millions. Yes, millions of these little creatures (they’re too small to see with the naked eye) are hanging out on your unwashed pillows. The Canadian Lung Association notes that dust mites thrive in warm, humid settings – like your pillow. Dust mites aren’t parasites, meaning they don’t bite, but their poop, urine and even their decaying bodies can aggravate allergies. They’re also a major trigger for people with asthma.

Reason 2: Bacteria and Mold Growth

While you’re sleeping away at night, your sweat, saliva and skin’s natural oils are making their way to your pillows. Over time, this stuff builds up, creating a fertile ground for bacteria.

According to a study by Amerisleep, millions of bacteria can be found in your bed and on your pillow. Many of those bacteria are pretty common, but research has shown that in addition to the harmless bacteria, highly toxic and dangerous bacteria like Staphylococcus aureus and E. coli can grow. These little nasties can make you sick and, if you have acne or cuts on your skin, can lead to infections.

Related: How Often Should You Wash Your Sheets?

dirty pillow
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Reason 3: Fungal Spores

Because they thrive in warm, moist environments, different types of fungal spores can be found in pillows and bedding. Research by health agencies like the National Institutes of Health reveals that pillows can harbour nearly twenty fungal species. One of these, Aspergillus fumigatus, is a particularly unpleasant species that can aggravate asthma.

Reason 4: Oils, Makeup Residue and Acne

If you go to bed without thoroughly washing off makeup and skincare products, the residue builds up on your pillows. And those dirty pillows can lead to clogged pores, which can cause skin problems to flare up and acne to worsen.

Related: Cleaning Secrets From Four Seasons Hotel Toronto

Reason 5: Allergens and Respiratory Issues

Over time, allergens like pet dander (sorry, Fido), pollen and those dust mites we mentioned earlier, collect on unwashed pillows (and the rest of your bedding) and can aggravate symptoms for people with allergies, asthma and other respiratory issues. Studies have shown that frequently washing bedding (more on that below) significantly reduces allergy symptoms.

woman sneezing
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Now that we’ve sufficiently grossed you out (sorry), here are some ways to keep your pillows (and bedding) less yucky.

Experts recommend washing your pillowcases weekly and pillows at least every three months. This will reduce allergens and bacteria. Use a gentle detergent to avoid irritating your skin.

Related: 7 Pillows That Help Reduce Neck Pain

Washing your pillows not only extends their life, it contributes to a healthier, more restful sleep. But be sure to follow the pillow manufacturer’s washing instructions.

Other steps you can take include using pillow protectors. These act as an additional barrier against allergens, mites, fungi and bacteria. You can wash these more frequently, especially if you have allergies or other respiratory issues.

Putting your pillows in sunlight during the day is also a good idea. This will help keep them dried out, preventing bacteria and mold growth. If your pillows are difficult to wash, this is a great option.

woman shopping for pillows
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You should also replace your pillows regularly. Even with regular washing, your pillows will accumulate dirt and other contaminants. Depending on the type of pillows, you should replace them every year or two.

By washing and replacing your pillows more often, you’ll create a cleaner sleep environment, which is better for your skin and health and will contribute to a more restful slumber.

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168飞艇开奖官网记录直播 Jennifer Lopez & Ben Affleck Selling Luxurious Beverly Hills’ Estate https://www.homenetwork.ca/jennifer-lopez-ben-affleck-selling-beverly-hills-estate/ Thu, 13 Jun 2024 14:26:28 +0000 https://www.homenetwork.ca/jennifer-lopez-ben-affleck-selling-beverly-hills-estate/ The signs seem to indicate that Jennifer Lopez and Ben Affleck are selling their luxurious Beverly Hills’ estate. According to press reports, the couple has listed the house they bought for an eye-popping US$60.8 million just last year. Getty Images The massive 46,000-square-foot property sits on a five-acre lot surrounded by a sea of luxe […]

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JLo and Ben Affleck's house in Los Angeles

The signs seem to indicate that Jennifer Lopez and Ben Affleck are selling their luxurious Beverly Hills’ estate. According to press reports, the couple has listed the house they bought for an eye-popping US$60.8 million just last year.

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The massive 46,000-square-foot property sits on a five-acre lot surrounded by a sea of luxe estates owned by Hollywood’s rich and famous. The sprawling main building features 12 bedrooms, 24 bathrooms, a gym, a sports lounge and a bar. If you’ve got friends coming for the weekend, no worries. There’s a 5,000-square-foot guest house for your besties. Parking won’t be an issue with the estate’s 12-car garage. And your security force will have all the comforts of home in the two-bedroom guard house.

Although the actual listing price hasn’t been revealed, it’s rumoured that Lopez and Affleck are asking around US$65 million. The couple had upgraded the property with numerous renovations, so even if they get the asking price, it might represent a loss for the pair. They’ll also have to contend with a new California state tax on ultra-luxury properties. Ouch!

JLo and Ben Affleck's house in LA
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Multiple reports say Lopez and Affleck are selling the house because of marital trouble. The couple was married in 2022 after rekindling their previous romance. Speculation about the couple’s relationship has grown after Lopez was recently spotted house-hunting.

Lopez and Affleck acquired the Beverly Hills’ estate in 2023 after searching for their dream home for two years. With its expansive grounds, luxurious amenities and prime location, the property seemed to be the ideal family compound for the couple’s blended household.

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168飞艇开奖官网记录直播 2024 Spring Cleaning — Tips, Tricks and Mistakes to Avoid https://www.homenetwork.ca/2024-spring-cleaning-tips-tricks-mistakes/ Mon, 29 Apr 2024 15:21:52 +0000 https://www.homenetwork.ca/2024-spring-cleaning-tips-tricks-mistakes/ The flowers are blooming, the leaves are popping out and the days are getting longer. Spring is here, and that means it’s time for Canadians across the country to prepare for their annual spring cleaning chores. Whether it’s decluttering the basement, deep cleaning the kitchen or scouring the bathrooms, we’re here to help you cross […]

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Asian woman cleaning her windows outside on a spring day

The flowers are blooming, the leaves are popping out and the days are getting longer. Spring is here, and that means it’s time for Canadians across the country to prepare for their annual spring cleaning chores. Whether it’s decluttering the basement, deep cleaning the kitchen or scouring the bathrooms, we’re here to help you cross off all the items on your spring cleaning checklist while avoiding common mistakes. Don’t let spring cleaning overwhelm you. Follow our advice and you’ll have a clean and tidy home in no time.

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Decluttering Done Right

The first step to any successful spring cleaning plan is to take on the clutter. Simplify the process by going room by room. Sort your stuff into three piles: keep, give away and chuck out. Be absolutely ruthless in your decision-making. If you haven’t used something in the past year, get rid of it.

Related: How to Declutter Every Room in Your House (Now’s the Time!)

When it comes to the “keep” pile, invest in some storage bins and shelves. Label everything to ensure each item has a designated spot in your home. This will not only make your rooms look neat and tidy, but it will also make it easier to maintain that tidiness year-round.

Remember to properly dispose of items that can’t be donated or recycled. Most municipalities offer special collection days or a central drop-off for hazardous materials, electronics and other hard-to-recycle items, so check your local guidelines.

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Spring Cleaning in the Kitchen

Once you’ve decluttered, it’s time for some of the deep cleaning. Start with the rooms that have the most use, like the kitchen and bathrooms. These areas tend to collect the most grime and need a more thorough scrubbing.

Related: The Ultimate Checklist for Your Monthly Kitchen Deep Clean

In the kitchen, focus on the areas like the oven, microwave and refrigerator. Use a combination of baking soda, vinegar and elbow grease to attack tough stains and greasy, built-up residue. Don’t forget to wipe down the inside of your cabinets and drawers as well. While you’re a it, why not take the opportunity to reorganize and simplify your kitchen and pantry?

Related: How to Deep Clean a Dishwasher

Spring Cleaning in the Bathroom

When you move on to cleaning your bathroom, pay special attention to the tile, grout and caulking. These areas are breeding grounds for mould and mildew, so be sure to use a dedicated bathroom cleaner and a scrub brush to get them sparkling clean. Wipe down the vanity, mirrors and other surfaces to complete the job.

Related: Your 10-Step Bathroom Cleaning Routine

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Mistakes to Avoid

While spring cleaning can be a rewarding experience (we can hear you snickering), it’s easy to make some common mistakes that can derail your efforts. Here are a few to keep in mind:

Trying to do everything at once: Attempting to complete your entire spring cleaning list in one weekend is a recipe for stress and burnout. Instead, break it down into manageable tasks and address them one at a time over a couple of weekends and maybe a few weeknights. And get everyone in the family to pitch in. This isn’t a solo gig!

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Skipping the prep work: Before you start cleaning, take the time to gather all the necessary supplies and tools. This will help you work more efficiently and avoid annoying interruptions.

Failing to protect your surfaces: When using harsh cleaning products, take care to protect your floors, countertops and other surfaces from damage. Always use coasters, mats and other protective covers and pads to keep your home looking clean and tidy.

Neglecting the details: It’s easy to get caught up in the big picture and forget about the smaller, often-overlooked areas. Be sure to clean behind appliances, wipe down light switches and vacuum up those dust bunnies hiding under your furniture.

Neglecting to maintain your cleaning efforts: Once you’ve finished your spring cleaning, it’s important to maintain cleanliness throughout the year. Add regular cleaning routines into your weekly or monthly schedule to keep your home in tip-top shape.

Related: 10-Minute Cleaning Routines: How to Clean a House Fast

Own Spring Cleaning in 2024

You may already be rolling your eyes at the thought of spring cleaning this year, but with the right mindset and a little bit of planning, it can be a not-horrible experience. By having a strategy, decluttering and avoiding common mistakes, you’ll be well on your way to a clean and organized home that you can enjoy all year round and be proud to show off to your family and friends.

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168飞艇开奖官网记录直播 Where First-Time Homebuyers Can Find Opportunities in Canada Now https://www.homenetwork.ca/first-time-homebuyers-opportunities-canada/ Mon, 22 Apr 2024 17:59:59 +0000 https://www.homenetwork.ca/first-time-homebuyers-opportunities-canada/ Looking at the price of real estate in Canada, you might think that the dream of buying your first home is just that: a dream. With mortgage costs driven upwards by high interest rates and ever-increasing housing prices (the national average is up two per cent to nearly $700,000 in the past year according to […]

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happy couple with keys to a new home

Looking at the price of real estate in Canada, you might think that the dream of buying your first home is just that: a dream. With mortgage costs driven upwards by high interest rates and ever-increasing housing prices (the national average is up two per cent to nearly $700,000 in the past year according to the Canadian Real Estate Association), first-time homebuyers might be tempted to give up. However, there are options. You can scale down and live in something small like a tiny home or look outside the major centres for affordable opportunities.

Related: Buying a Home for the First Time? Here Are 10 Easy Ways to Save Money

With the work-from-home trend that came with COVID-19, many more people are living further from urban centres, choosing a rural lifestyle over the hectic pace of the big city. This doesn’t mean you’ll be isolated. Many attractive and affordable rural locations are near towns that are large enough to support schools, hospitals and familiar big box stores.

If you’re asking yourself, “How much house can I afford in Canada?” our cross-country sample can give you an idea of where to find the cheapest places to buy a home. These locations are just to get you thinking. Prepare to invest some time to find the right spot that balances affordability and lifestyle. Remember that the best areas to look at are buyer’s markets with a lot of inventory.

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Saskatchewan

Saskatchewan has always been an attractive option for first-time homebuyers and 2024 is no exception. According to CREA, the average home price in the province is $334,500. Regina’s average is slightly lower at $313,100 and Saskatoon’s average is $394,300. Going outside the cities is where the real bargains are, especially larger properties with space for rental suites. In the more rural areas, where the cost of living is lower, average prices drop. For example, the average is just over $272,000 in the border town (Alberta/Saskatchewan) of Lloydminster and $208,800 in the southeastern part of the province.

The government can help, too. Saskatchewan’s First-Time Homebuyers’ Tax Credit provides a non-refundable income tax credit of up to $1,050. In addition, the Graduate Retention Program may help with your down payment. Saskatchewan’s affordable housing, stable market conditions and available incentives make it an excellent location for first-time homebuyers in 2024.

Related: How to Buy a Home: A Step-by-Step Guide for First-Time Homebuyers

Nova Scotia

Nova Scotia’s average home price is $402,200, significantly lower than the Canadian average of $698,530. Those low prices haven’t gone unnoticed in the rest of the country. Cody Sentner, a Nova Scotia-based Realtor with KW Select Realty, says there’s been a post-COVID boom in the province.

“I’m seeing a large number of first-time homebuyers moving to areas just outside of central Halifax. Places like Sackville, Dartmouth and Oakfield. Plus a lot of activity and massive growth in areas just outside the Halifax Regional Municipality (HRM), like Enfield, Elmsdale and Lantz.”

“Generally speaking, for a great single-family home in a subdivision or main road in Enfield, Elmsdale, Lantz or Milford you can expect to spend around $400,000 and up.”

Related: Scott McGillivray Reveals 10 Homebuying Myths You Need to Stop Believing

He points to price, easy commutes and the local lifestyle as the main draws to the province. “One of the best things about Nova Scotia for me is our abundance of bodies of water. I find listening to, looking at and just being around water to be very therapeutic, and never being more than a short drive or walk to a beautiful lake, river or coast is something I take great comfort in.”

Even though it’s a seller’s market, Sentner says if you keep at it and are flexible, great deals and opportunities can be found in Nova Scotia.

agent puts a sold sign for new homebuyers
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British Columbia

Housing prices in BC are high, especially in Vancouver and on Vancouver Island. But, if you’ve got your heart set on BC, where the average price is over $1 million, many places have prices far below the provincial average.

Look for opportunities in and around Prince George where you can still find single-family homes in the $500,000 range. More rural parts of the province offer even more affordability, but you have to decide if the location fits your lifestyle.

Toronto

Not everyone wants to (or can) move across the country for more affordable housing. What do you do if you’re in an expensive market and want to stay? Let’s look at Toronto as an example.

Being a first-time homebuyer is daunting, especially in the GTA, where basic starter homes go for over $1 million, which is out of reach for most first-time buyers. But, according to Matthew Lee and Ming Lim of Volition Properties, a Toronto-based real estate investment advisory and realty firm, there are opportunities if you know where to look. Lee suggests several different options you might not have thought of.

“Buying a pre-construction condominium assignment from a distressed seller can be a tremendous way for a first-time homebuyer to get into the real estate market,” he says. “While we don’t necessarily advocate pre-construction condos as an investment, as a buyer of an assignment, you can take advantage of the tough situation that a seller might be in.”

“Many of those pre-construction buyers who bought with other agents are now approaching us to help them get out of their difficult situation, and so we have matched many of these sellers with buyer clients who buy these assignments at a significant discount.”

“While these condos are still not the “best investment” per se, they offer good value for first-time home buyers who are looking to buy a condo to live in or parents buying for their university-aged kids. One important thing to note is that there is no MLS for pre-con assignments, and you typically aren’t allowed to advertise. Your agent’s network is the most important factor in selling or buying assignments,” Lee explains.

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Another option to investigate is re-sales by condo investors. A lot of Toronto rental condos are cashflow negative for the owner, which isn’t sustainable over the long term. And that, Lee says, means that many condo investors are looking to sell.

“This creates an opportunity for a first-time homebuyer because if the tenant is only on a month-to-month lease, the buyer can have the seller issue an Ontario N12 notice (notice to end the tenancy because the landlord, purchaser or family member requires the rental unit) on their behalf to the tenant indicating that the buyer legitimately intends on living in the unit. This solves a major problem for the condo investor seller, because they are anxious to get out of their cashflow negative position, and so they are willing to take a significant cut on the price. The buyer pool for this tenanted condo unit is limited because other investors are not interested in taking on such a negative cashflow condo, thus significantly reducing the pool of competition for the first-time homebuyer.”

A third opportunity is more expensive, but Lee suggests it could work for the right buyer.

“Instead of buying a condo with 20 per cent down, a buyer could buy a sub-$1 million duplex with 10 per cent down (with CMHC insurance) and have the same down payment and carry costs as a $600,000 condo. The reason for this is that you could live in one unit and rent out the other unit, which is known as house hacking.”

“While this is a bit more work, it allows you to own land instead of a box in the sky and will help you build wealth at a faster rate than just owning a condo. You absolutely need to work with an investor realtor, as there are very specific things that CMHC is looking for in the property. Otherwise, you might not qualify for the CMHC financing with 10% down,” he says.

Related: Expert Tips That Will Help You Become a Homeowner Before 40

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The good news for first-time homebuyers is that interest rates may start coming down soon, and numerous regions across the country currently offer affordable opportunities. Whether in Saskatchewan or just outside of Halifax, you can find areas that offer a mix of affordability, lifestyle amenities and growth potential. Don’t forget to check out provincial government incentives — they can also help ease the burden of becoming a first-time homebuyer.

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168飞艇开奖官网记录直播 Everything You Need to Know About Owning a Tiny Home in Canada https://www.homenetwork.ca/owning-tiny-home-in-canada/ Wed, 17 Apr 2024 13:00:40 +0000 https://www.homenetwork.ca/owning-tiny-home-in-canada/ Tiny homes are growing in popularity in Canada as affordable and eco-friendly housing options. The trend isn’t surprising, given today’s interest rates and the high cost of housing. In March 2024, the average price of a home in Canada, according to the Canadian Real Estate Association, was $698,530. Tiny homes cost much less and, of […]

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a tiny home

Tiny homes are growing in popularity in Canada as affordable and eco-friendly housing options. The trend isn’t surprising, given today’s interest rates and the high cost of housing. In March 2024, the average price of a home in Canada, according to the Canadian Real Estate Association, was $698,530. Tiny homes cost much less and, of course, are much smaller than conventional homes. They’re compact living spaces, typically under 400 square feet and offer a minimalist lifestyle focused on efficient living and use of space. However, navigating the legal and practical aspects of owning a tiny home can be challenging.

If you’re considering joining the tiny home movement in Canada, here’s what you need to know:

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Legal Issues

The legality of tiny homes in Canada varies by province and municipality. Some areas have specific regulations and zoning laws that address tiny homes, while others may not. It’s important to research the local bylaws and building codes in your desired location before purchasing or building a tiny house. You may have to meet health and safety regulations, minimum size requirements, restrictions on lot usage and more.

In general, tiny homes on foundations are often treated as regular homes, while those on wheels may be classified as recreational vehicles or trailers, which come with their own regulations. In some cases where tiny homes aren’t legal, you may be able to get around restrictions by putting the tiny home on wheels.

Some municipalities are starting to explore ways to accommodate tiny homes, such as allowing secondary suites or garden suites on residential properties. Note that these options may still come with restrictions around size, setbacks and other requirements.

ARHOME by arcana tiny home
ARHOME by arcana

Design and Construction

Careful planning is necessary when designing and building a tiny home. You’ll need to consider factors like layout, storage and energy efficiency. The easiest option is to work with specialized builders, but some people choose to build their own homes from a kit or even from scratch. No matter how you decide to go, you must ensure the design meets all relevant regulations.

For Canadians, looking for a homegrown manufacturer is a good idea. Several have extensive experience dealing not only with local building codes and regulations but also with our weather.

Vancouver-based manufacturer Mint Tiny House Company offers several models that can be used as an RV or parked on a serviced site.

A more upscale option is ARHOME by arcana. These tiny homes, designed by Vancouver-based architect Michael Leckie of Leckie Studio, fit beautifully into the natural environment. There are three exterior options and a mirrored cladding option. Prices start at $225,000, with delivery in 8-12 weeks.

There are lots of rumours swirling around about a Telsa tiny house. However, it still seems to be in the prototype stage.

You’ll also find plenty of tiny home options on Amazon. These include both tiny house plans and pre-fabricated structures.

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Financing and Insurance

Obtaining financing for a tiny home can be more challenging than a traditional mortgage. Many lenders are unfamiliar with the concept of tiny homes, and some may not offer mortgages for these types of non-standard dwellings. However, some credit unions and alternative lenders are starting to recognize the growing demand for tiny homes and are developing specialized financing options.

Finding insurance coverage for a tiny home can be tricky, as standard homeowner’s insurance policies may not apply. Tiny houses on foundations may be covered under standard homeowner’s insurance, but tiny homes on wheels may need trailer or RV insurance. In all cases, the tiny house must meet safety and construction standards to be insured.

Location, Location, Location

Choosing the right location for your tiny home is key. You’ll need to consider things like zoning regulations, utility access (water, electricity, sewage) and the availability of land or RV parks that accommodate tiny homes. However, you don’t necessarily need a serviced lot. Some tiny homeowners decide to live off-grid, using solar panels, composting toilets and other sustainable systems.

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Community and Support

One of the best things about adopting the tiny house lifestyle is that you’re never alone. While there are legal and practical hurdles, Canada’s community of tiny home enthusiasts and a variety of organizations like the Tiny Town Association are there to help you out with online resources. You’ll also find numerous location-specific tiny house groups on social media.

Adjusting to a New Lifestyle

Tiny house living isn’t for everyone. If you’re used to living in a full-size home, be prepared to make a significant lifestyle adjustment. You’ll have to downsize your possessions, selling them off or putting them into costly storage. You’ll be living in far less space, which can be challenging for couples and those with kids. Daily routines may have to change, too. But, for many tiny homeowners, reduced living expenses and less environmental impact are well worth the trade-offs.

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The tiny home lifestyle can be a rewarding and fulfilling experience, but it’s essential to do your research and plan carefully. By understanding the legal, financial and practical considerations, you can avoid costly mistakes and enjoy the benefits of tiny home living.

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168飞艇开奖官网记录直播 When Will Mortgage Rates Drop in Canada? An Expert Weighs In https://www.homenetwork.ca/when-will-mortgage-rates-drop/ Tue, 19 Mar 2024 13:02:07 +0000 https://www.homenetwork.ca/when-will-mortgage-rates-drop/ Canadians across the country are itching to buy or trade up for a new home. However, interest rates are holding many buyers back. Earlier this month, the Bank of Canada decided not to lower its key interest rate. It’s the fifth time in a row that the central bank has kept its rate at 5.0 […]

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Lady working out financial bills and calculating costs with calculator

Canadians across the country are itching to buy or trade up for a new home. However, interest rates are holding many buyers back. Earlier this month, the Bank of Canada decided not to lower its key interest rate. It’s the fifth time in a row that the central bank has kept its rate at 5.0 per cent. The hold was expected because the bank is waiting to ensure inflation is under control.

“We’ve come a long way in our fight against high inflation. Monetary policy is working – inflation is coming down. But it’s too early to loosen the restrictive policy that has gotten us this far,” Bank of Canada Governor Tiff Macklem said.

The Bank of Canada’s rate is reflected in the interest rates Canadians pay on their debt, including mortgages. But while everyone waits for mortgage rates to come down, housing prices are increasing again post-pandemic.

Image of miniature wooden house with coins beside it signifying mortgage rates.
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The latest numbers from the Canadian Real Estate Association show that the average price of a home in Canada in January was $659,395 – an increase of 7.6 per cent in the past year.

Despite government incentives like the First Home Savings Account, buyers are waiting. The math is simple: Higher interest rates equal higher mortgage payments.

With the current economic situation, potential buyers wonder if the rates will ever ease. We asked Kellie Bonnici, Mortgage Agent with The Mortgage Group in Peterborough, Ontario, for her take on the current market and where it’s headed.

Kellie Bonnici-The Mortgage Group
Kellie Bonnici of The Mortgage Group

Q: What is the main difference between the two types of mortgage rates?

There are two kinds of rates – fixed rates and variable rates – and they change in response to different stimuli. Fixed rates are closely tied to government bond yields, and change at any time. Variable rates respond more directly to the Bank of Canada’s scheduled rate announcements, which in turn affects the prime rate of the major banks. Variable rates are expressed as a discount on prime, for example, prime minus one per cent, which in today’s environment results in an interest rate of 6.2 per cent.

The Bank of Canada’s regular announcements, made every month and a half or so (on a published schedule), include their overnight rate. It’s the overnight rate that affects bank prime, and bank prime is what variable rate products are tied to. The most common variable rate products are variable rate mortgages and lines of credit.

The prime rate is currently 7.2 per cent, which is quite high in relation to where it was two years ago. During the pandemic, it was 2.45 per cent. It’s gone up a lot more than was expected.

Q: The March 2024 Bank of Canada announcement was a hold. Is this what we can anticipate seeing going forward?

It’s widely expected that variable rates will start coming down this year. Current consensus is for decreases starting in the summer or fall, with cuts between one and two points over the next year or two. Interest rates respond to real-time events, so they can be hard to predict. I’m hopeful that we’ll start to see decreases in the summertime.

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Q: What about fixed rates?

The majority of homeowners end up in fixed-rate mortgages, and those rates are already going down. In fact, they’ve been going down since last fall. Fixed rates respond to government bond yields, which are changing minute to minute, so they’re changing all the time. For example: we had some fixed rates with major lenders that were as high as 6.59 per cent. Those same rates are already down a full percentage point, to 5.59 per cent.

I think the thing that new homeowners have to keep in mind is the idea of ‘date the rate and marry the price.’ There’s a really close relationship between rate and price. As we’ve recently seen, when rates are high, prices go down. Rates go down, prices go up.

Would you rather have a temporarily high rate or a much bigger loan to pay off? You’re better off with a higher rate and lower mortgage balance than vice versa.

Q: Would you say the market is starting to heat up again?

I think a lot of people are tired of waiting and getting comfortable with coming off the sidelines. I know things have gotten really busy for me this spring. A lot of the realtors I work with, things are busy for them as well. So, I think things are starting to shift. January was a busy month, compared to the few months previous.

Q: What should someone do if they have a fixed mortgage that’s coming up for renewal? Should they sell or refinance?

I would say people should avoid selling unless they have no other choice. Look at other options. Can they get a better paying job? Can they rent out their basement or find other ways to increase their income before considering selling? The rental market is tight, and it’s a lot more secure to be in a home that you own rather than a home that you might have to vacate if the owner wants to move in. There’s a lot of security in home ownership.

Refinancing can be a way to get your costs down. If you’re currently in a mortgage that has 20 years left, you can refinance back to 30 years to reduce your monthly payment. There’s a trade-off, of course: You’ll pay more interest over the life of the mortgage, but if the goal is increasing monthly cash flow, then refinancing is the way to go.

Q: Any advice for those with investment properties and mortgages coming up for renewal?

My perspective is that refinancing is almost always a better bet than selling. If you sell an investment property, you’re subject to capital gains, whereas if you refinance, the interest that you pay is tax-deductible. And you can continue to refinance that property, extract the equity and use it for other investments. To me, rental properties are worth more in someone’s portfolio than if they’re sold. Every situation is unique of course, and the longer someone has owned a property the more selling could make sense.

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Q: So, it’s a good bet that rates will trend down this year?

As mentioned, fixed rates have already been going down. When the Bank of Canada is confident that inflation has cooled for long enough, it should decrease its overnight rate. If we see an uptick in inflation, which seems highly unlikely given the economic environment that we’re in, that could change things, but given the current situation I don’t foresee that happening.

It’s important to note that the Bank of Canada would be hesitant in timing their overnight rate cut with the spring market because that would unleash absolute mayhem with both pent-up demand and lack of supply. Any rate cut will likely happen later in the year.

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168飞艇开奖官网记录直播 This is How Much it Costs to Renovate Floors in 2024 https://www.homenetwork.ca/the-cost-of-renovating-floors/ Tue, 20 Feb 2024 13:00:32 +0000 https://www.homenetwork.ca/the-cost-of-renovating-floors/ One of the home renovations with the biggest return on investment is new flooring. How much that investment should be in the first place, however, depends on a number of factors — from the materials sourced to the square footage of the space. You’ll also need to factor in contractor fees, since renovating floors is […]

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person tearing out a floor

One of the home renovations with the biggest return on investment is new flooring. How much that investment should be in the first place, however, depends on a number of factors — from the materials sourced to the square footage of the space. You’ll also need to factor in contractor fees, since renovating floors is often best left to the professionals. Not to mention inflation! Still, you’ll never regret the money you forked out to replace those avocado green linoleum tiles with, well, anything. To get an idea of how much you should save for a project like this, we looked to Montreal-based RenoQuotes.com for the cost of renovating floors in 2024.

Related: How to Mix and Match Different Wood Tones in Your Home

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Sanding an Existing Floor

Before you replace the carpets in your home, pull them up and see what’s underneath. If you find wooden flooring, you’re in luck, even if it’s painted or looking worse for wear. Why? Because simply sanding that floor can make a world of difference and it’s so easy you could do it yourself. It will cost you in the region of $50 a day to rent the equipment. If you’d rather leave it to the professionals, budget around $4 per square foot.

Related: Bryan Baeumler’s 6 Common Renovation Upgrades That Aren’t Worth the Money

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Wooden Floors

Whether you go for farmhouse chic or Scandi minimalism, you can’t go wrong with hardwood floors. The type of wood you use can make a huge difference, though. Hardwood is the most expensive but also the most durable. Installing hardwood floors are between $4.50 and $14.50 per square foot. You may also have to replace the subfloor, which can be between 85 cents and $3 per square foot.

You can bring down the price of hardwood floors by using reclaimed wood, which is also more environmentally friendly. Another way to bring down the cost is to use engineered wood, which costs around $7 to $11 per square foot to install. Just remember that engineered wood is less durable.

If you already have hardwood floors but they’re in poor shape, you can have them restored. This will set you back around $2.50 per square foot.

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Floating Floors

Floating floors don’t require nails. Instead, the planks are interlocked, almost like pieces of a puzzle. A low-end floating floor costs between $1.75 and $2.50 per square foot; a mid-range one is between $2.50 and $3.50 per square foot and a high-end one is between $3.50 and $8.50 per square foot. A specialist will charge you between $1.50 and $3 per square foot to install a floating floor.

laminate flooring
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Laminate Floors

A popular alternative to hardwood flooring is laminate. It’s the cheapest option, typically costing between $1.50 to $4 per square foot for the materials. One of the biggest problems with laminate is that it can look quite cheap, so ensure you’re happy with the aesthetic before investing.

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Bamboo Floors

Looking for a cheap, eco-friendly alternative that still gives you that natural look you get from wood? Bamboo flooring will cost between $6.50 and $8.50 per square foot. Bear in mind, however, that this kind of floor scratches easily and is less durable than wood.

Related: 8 Cleaning Secrets From Four Seasons Hotel Toronto

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Cork Floors

Cork floors are another beautiful and sustainable alternative to wood. They’re stain- and mildew-resistant, and are a great solution if you’re looking to better soundproof your home. The materials will set you back between $2.50 and $11 per square foot and installation will cost around $2 per square foot. However, remember that cork floors are pretty high maintenance.

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Vinyl Floors

Vinyl floors are cheap and quite durable. They’ll also make your kitchen or bathroom cleaning routine much easier. A new vinyl tile floor costs between $4.50 and $14.50 while opting for vinyl sheets instead will cost from $6 per square foot. You may choose to avoid vinyl if you prefer natural, eco-friendly materials.

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Linoleum Floors

If you want the ease of cleaning that you get with vinyl floors but prefer natural materials, linoleum is a good option, since it’s derived from materials like pine resin and linseed. You don’t have to opt for that ugly avocado green either: Linoleum floors come in a wide range of designs, so you can have your bathroom floors make a bold statement. A linoleum floor costs from $2.50 per square foot.

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Tile Floors

Tile floors are durable and easy to clean, even if they can be quite cold. Ceramic tiles cost between $2.50 and $8 per square foot if you opt for mid to high-end tiles – as you should if you want durability. Porcelain or slate tiles are between $4 and $7 per square foot. Want something different and don’t mind cleaning grout? Natural stone mosaic is about $240 per box.

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Concrete Floors

Versatile, easy to maintain, moisture resistant and durable: You get all this and more if you opt for concrete flooring. It’s an especially good choice for basement renovations. Installing a concrete floor costs between $11 and $15.50 per square foot, including the materials.

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Heated Floors

If you’re opting for colder flooring materials like tile and concrete, you may wish to invest in heated floors to keep your toes toasty (especially in the winter months). Installing a heated floor will set you back between $12 and $36 per square foot, excluding the materials. Then you also need to factor in approximately $240 to $480 for an electrician.

Related: 20 Easy Ways to Make Your Home More Energy Efficient

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Carpeted Floors

If you crave constant warmth under your feet and don’t mind vacuuming often to remove the smell of pets from your home, you can always opt for carpeted floors. You’ll have a wide range of colours and designs to choose from, and carpets also help with soundproofing. The materials for a carpeted floor will set you back between about $3.50 to $6 per square foot.

Published August 17, 2017, Updated February 7, 2020, Updated June 3, 2022, Updated February 20, 2024. 

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