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REMonline.com - April 12, 2016

Canadian millennials are optimistic about the future, including their homeownership prospects, according to a new poll by Re/Max. The survey, conducted by Leger, found that 78.5 per cent of Canadians 18-34 agree that owning a home they love is attainable. In all provinces, they agree that homeownership is attainable, despite price appreciation in cities like Toronto and Vancouver, says Re/Max.

The survey also found that 81.6 per cent of Canadians 18-34 agree that finding a good job in their field is attainable, demonstrating overall optimism about their future.



While millennials are optimistic about homeownership, many expect help in order to make their dreams a reality. Of Canadians 18-34 who are considering buying a home, 37 per cent expect help with their down payment from a family member or friend. Of those who are expecting help, 60 per cent anticipate that it will come from their parents.

“The older generation has seen significant appreciation in the value of their homes, while the younger generation is entering the market at a higher price point,” says Gurinder Sandhu, EVP, Re/Max Integra Ontario-Atlantic Canada Region. “This means first-time buyers in Canada’s higher-priced markets often need a little help, which many parents are in a position to offer.”

Unsurprisingly given the higher home prices in these regions, prospective buyers in all age demographics in British Columbia are most likely to expect help, followed by those in Ontario.

The survey also found that when asked about their financial priorities, 68.2 per cent of Canadians 18-34 agree that saving for a down payment is a priority and 78.4 per cent agree that saving for retirement is a priority.

“We’ve found that for many young Canadians, homeownership is an important milestone that they are actively working toward,” says Elton Ash, regional EVP, Re/Max of Western Canada. “Furthermore, while Canadians continue to value and aspire to homeownership, they are not doing so at the expense of other financial considerations, such as retirement savings.”

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I have listed a new property at 28 Springwood DR in Winnipeg.
Welcome to 28 Springwood Drive. A lovely 3 bedroom 1 bath mobile home located in desirable South Glen Mobile home community. This tastefully designed mobile home is over 1000 square feet and features a wonderful skylight and open design layout! The home is decorated in neutral earth-tones and has updated carpets and paint. Included in the sale is the fridge, Stove washer and dryer. The house is situated on a quiet street and has a nice size yard with deck and vegetable garden. South Glen community offers a community centre with outdoor pool, community events like Movie night, Bingo, and several parties throughout the year. There is a storage compound free for the residents for your campers, RV and Boats. For a personal tour, please contact me.
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I have listed a new property at 17 Sunburst CRES in Winnipeg.
Great Location in South Glen with impressive yard Backing onto green space. 2 bedrooms, Open Living Room/Kitchen. Large bay window and newer hardwood floors in Big, sunny Living Room. Good sized eat-in kit. Newer 4 pce bath with soaker tub.Large deck for BBQ's & entertaining. New skirting all around. Nice entrance into sun porch. Fridge, stove, washer, dryer, storage shed all included
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Please visit our Open House at 98 Sandale DR in Winnipeg.
Great Double Wide Mobile Home on Sunday, April 24, 2016 12:30 PM - 2:00 PM Over 1100 Sq Ft. 3 Bed double wide mobile home in desirable South Glen. Lots of green space and close to all amenities! Freshly updated with neutral colours. You'll be impressed with the new deck.
Open House Sunday March 20 2:30 - 4pm. Wonderful Double Wide Home in desirable South Glen! Open concept with plenty of living space. Lovely neutral colours and loads of upgrades. A gorgeous Kitchen with a roomy pantry and a built in Island/Table. Plentyful cpbds and counter space you will need and more. Large dining room and breakfast bar right in kitchen. The BR's are roomy and the MBR has a great hideaway closet housing the washer/dryer. Newly renovated bathroom with ceramic floors. Upgrades include flooring, paint, lighting, and some appliances. Large sunroom and deck for BBQing. Located on a corner lot next to a green space - storage shed in the yard and paved parking pad for 2 cars. Call now to book a viewing! The Lot fee's are $501.34 and that includes Sewer, Water, Pad Rental and License fee
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Please visit our Open House at 28 Springwood DR in Winnipeg.
Nicest One for sale in the park! on Sunday, April 24, 2016 2:30 PM - 4:00 PM Great 3 Bed, open concept, fresh paint. This mobile is one of the nicest homes in the park It features a skylight in the kitchen that lets in a huge amount of light. You wont be disappointed.
Welcome to 28 Springwood Drive. A lovely 3 bedroom 1 bath mobile home located in desirable South Glen Mobile home community. This tastefully designed mobile home is over 1000 square feet and features a wonderful skylight and open design layout! The home is decorated in neutral earth-tones and has updated carpets, paint and custom blinds. Included in the sale is a newer fridge, Stove washer and dryer. The house is situated on a quiet street and has a nice size yard with deck and vegetable garden. South Glen community offers a community centre with outdoor pool, community events like Movie night, Bingo, and several parties throughout the year. There is a storage compound free for the residents for your campers, RV and Boats. For a personal tour, please contact me. The Lot fee's are $487.12 and that includes Sewer, Water, Pad Rental and License fee
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Please visit our Open House at 1 Echo BAY in Winnipeg.
Open House on Sunday, April 17, 2016 2:00 PM - 4:00 PM Completely renovated! New roof is being installed this week. All new drywall, flooring, fixtures, Kitchen and so much more. This is a true 4BR home. 2 on the main and 2BR in the fully finished lower level. A must see!
Start Showing Now. Open House Saturday and Sunday April 16th &17th from 2:00 - 4:00pm. Completely renovated! This property was gutted to the studs. All new drywall, flooring, fixtures, Kitchen and so much more. Nicest house in the area. New roof is being installed this week. This property sits on a 70 foot lot and has plenty of room for a oversized garage. This is a true 4 bedroom home. 2 on the main and with new egress on the lower level. 2 bedrooms in the fully finished lower level. Don't judge by the pics, come see it in person, you wont be disappointed.
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Please visit our Open House at 1 Echo BAY in Winnipeg.
Completely Renovated on Saturday, April 16, 2016 2:00 PM - 4:00 PM Completely renovated! New roof is being installed this week. All new drywall, flooring, fixtures, Kitchen and so much more. This is a true 4BR home. 2 on the main and 2BR in the fully finished lower level. A must see!
Start Showing Now. Open House Saturday and Sunday April 16th &17th. Completely renovated! This property was gutted to the studs. All new drywall, flooring, fixtures, Kitchen and so much more. Nicest house in the area. New roof is being installed this week. This property sits on a 70 foot lot and has plenty of room for a oversized garage. This is a true 4 bedroom home. 2 on the main and with new egress on the lower level. 2 bedrooms in the fully finished lower level. Don't judge by the pics, come see it in person, you wont be disappointed.
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I have listed a new property at 1 Echo BAY in Winnipeg.
Start Showing Now. Open House Saturday and Sunday April 16th &17th. Completely renovated! This property was gutted to the studs. All new drywall, flooring, fixtures, Kitchen and so much more. Nicest house in the area. New roof is being installed this week. This property sits on a 70 foot lot and has plenty of room for a oversized garage. This is a true 4 bedroom home. 2 on the main and with new egress on the lower level. 2 bedrooms in the fully finished lower level. Don't judge by the pics, come see it in person, you wont be disappointed.
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I have listed a new property at 28 Shay CRES in Winnipeg.
Great Location! Great 3 Bedroom 2.5 baths with large 3 season sunroom and large single attached garage. This 1200 plus square foot home was built in 1995 and has plenty of room for the growing family. Newer appliances. Close to both English and french schools. The Park has a semi private swimming pool, large community centre that hosts numerous activities for the whole family and special functions for the adults.(Bingo, Crib and trips to the casino) Come and enjoy affordable living in River Park South.
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Aluminum wiring was extensively used in homes between the mid 1960s - 70s when the price of copper spiked. Potential problems with this wiring include lower conductive efficiency, overheating, and incompatibility of joining aluminum wire to copper wire.

 

If you have aluminum wiring in your home, signs of problems include discolouring of the wall receptacle, flickering lights, or the smell of hot plastic insulation.

Any signs or smells of burning, or receptacles that are warm to the touch is a serious issue.

Do not use the receptacle until a qualified electrician makes an inspection.

Not all aluminum wiring is hazardous.

Aluminum wiring in the home will operate as safely as any other type of wiring if the proper materials were used, installed and maintained as per the manufacturer's instructions and the provincial safety code. If the home involved in your transaction has aluminum wiring and you suspect problems may exist, it is recommended that a qualified electrical contractor inspect the electrical system, including connections. The insurance company may insist on a complete electrical inspection by a certified electrician, rather than a report from a home inspector.

 

Have any questions about buying or selling a home with aluminum wiring? Give me a shout at darrylwalsh@royallepage.ca or 204-5000 ext 222.


Aluminum Wiring

 

- Article information from CREA, The Canadian Real Estate Association

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I have listed a new property at 28 Shay CRES in Winnipeg.
Great Location! Great 3 Bedroom 2.5 baths with large 3 season sunroom and large single attached garage. This 1200 plus square foot home was built in 1995 and has plenty of room for the growing family. Newer appliances. Close to both English and french schools. The Park has a semi private swimming pool, large community centre that hosts numerous activities for the whole family and special functions for the adults.(Bingo, Crib and trips to the casino) Come and enjoy affordable living in River Park South.
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Please visit our Open House at 95 Sandale DR in Winnipeg.
Open House on Sunday, April 10, 2016 2:00 PM - 4:00 PM Fantastic Mobile Home in St. Vital! 1018 sqft, 2 Bed, 2 Bath. One of the most desirable lots in the park! Huge storage shed in yard, and looks out onto green-space.
Open House Sunday April 10 2-4pm. Fantastic Mobile Home in South St. Vital. 1018 Sq Ft. 2Bed 2Bath. 1 of the most desirable lots in the park! Looks out to green space. 11 x 7 Addition and Huge Storage shed. Central air, includes Fridge, Stove, Washer, Dryer. Widow Coverings. Newer HWT and Furnace Fan.
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Knob and tube wiring, also known as open wiring, was used in homes in Canada for almost 50 years, starting in the early 1900s. Parts are still available for maintenance purposes. Knob and tube wiring that was installed properly can provide many more years of service. 

 

The issue starts with changing lifestyles. Most old homes do not have as many electrical circuits as a new one. To get around this, some homeowners have installed additional outlets or new circuits and tied it into the old wiring, rather than starting a new circuit at the electrical panel.

 

Some problems also occur because if a circuit became overtaxed and 15 amp fuses were constantly blowing, homeowners put in 25 or 30 amp fuses to stop the problem. Having 25 or 30 amps in a wire not designed to handle it causes the wire to overheat. The wire and the insulation become brittle, and that is when the safety issues begin.

 

Some homeowners also did their own renovations, adding outlets but connecting them into the old wiring without making proper connections.


"Knob and tube wiring, on its own, is not inherently a problem."

 

Knob and tube wiring, on its own, is not inherently a problem. Some argue it does not have a ground conductor, but that is true of any wiring installed between 1950 and 1960. The ground conductor - or "third prong" - is necessary if you are plugging in appliances that have a 3- prong plug. If the knob and tube wiring is restricted to rooms without major appliances, this creates no special hazard.

 

"Some insurance companies may ask for a specific electrical contractor report."

 

If the home involved in your transaction has knob and tube wiring, it is recommended that you follow these guidelines:

  • Have a qualified electrical contractor check the knob and tube conductors for sign of deterioration and damage. Some insurance companies may ask for a specific electrical contractor report.
  • The general inspection report will also identify visible electrical safety concerns in the electrical wiring.
  • Knob and tube conductors should be replaced where exposed conductors show evidence of mechanical abuse and or deterioration, poor connections, overheating, or alterations that could result in overloading.
 

Example of 1930s knob and tube wiring
- Article from CREA, The Canadian Real Estate Association

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