So many changes, such a short amount of time!
Ever since the new year began I have been noticing significant changes in not just the real estate industry, but in other industries as well. I’ve tried to keep track of them so that I can share them with you.
Have you heard about the new Land Transfer Tax Rebate for First Time Home Buyers? Check out this great website for an overview of what it means: FirstHomeRebate.ca. That’s a positive change that will help with some of the costs facing new home owners. Some of these costs include the recently announced insurance premium increase for CMHC or Genworth insured mortgages! It’s not a huge increase, but it’s still an increase. Add to that the increase in tax on the gas we get at the pumps, higher Hydro costs, and the occasional increase in our grocery bills and it can all get to be too much!
Let’s have a look at eating out. I’m sure you heard that restaurants that have more than 20 locations are now required to post calorie counts for all their meals. That’s a positive step in helping us all be more aware of what we’re putting into our bodies! On an interesting note, I heard on the news yesterday that McDonald’s has added a new Skor McFlurry to their menu that contains nuts, and that they are letting everyone know that they are NOT taking measures to prevent cross contamination with the rest of their menu. It’ll be interesting to see how that plays out.
Speaking of restaurants, have you had a meal at Donaleigh’s or The Lazy Tulip recently? They are two of the downtown Barrie restaurants that have embraced the initiative to reduce the amount of plastic that makes its way to our water systems by reducing the number of plastic straws they give to patrons in their drinks. Next time you’re downtown, try to refuse that little plastic tube and just drink from the glass! It’s a small step, but they all add up to good over time!
Getting back to changes in the real estate industry for a moment, I’d like to talk a bit about competition. Simcoe County is becoming an increasingly popular place to buy homes. Whether it’s Angus, Innisfil, Barrie or Oro-Medonte, the higher the prices go in Toronto, the more demand there will be for homes in our area. We’re seeing record high sales and we’ve reached a record low inventory. Yesterday there were 50 residential homes for sale in all of Barrie, ON! If you’re thinking about selling your home, do your research and pick a reputable REALTOR that you feel comfortable and confident with. Don’t get caught up in gimmicks and promises that sound too good to be true. Ask around for referrals and interview at least three Sales Reps. And be careful for those who knock on your door and say they have a buyer for you so let’s hurry up and get this done.
John and I are always available to answer your questions and have the expertise to not only bring you success, but to help you through every step of the process. We would be happy to provide you with a FREE current market evaluation and discuss both your selling and buying needs. Feel free to give us a call or email us anytime, with no pressure to sign on the dotted line.
As always, we love to hear your comments and feedback. You can reach John Weber at John@johnweberteam.com or by cell at 705-727-6111. You can reach Christie Bond at Christie@johnweberteam.com or by cell at 705-220-1152.