Once again, the bright yellow school buses fill the streets and after another summer season, it's back to daily traffic and back to a full schedule.
As people try to get in the last of summer relaxation, the real estate market can feel a little relaxed as well. With September's "back-to-business" mode, real estate markets are "perkier" as well.
A factor that may impact our real estate market is the September 5th Bank of Canada interest rate decision. Numbers from Statistics Canada suggest the economy is expanding, the job market is doing well, and Inflation is inching higher. Even with the positive economic data, the BoC announced that it held the key rate at 1.5%.
Pre-Winter To Do List:
1. Foundation - Before the cold sets in, get the umbrella out on a rainy day and check that water isn't pooling at the walls of the home. If it is, add soil so the ground slopes away from the house, running water away from the foundation.
2. Yard, Driveway & Patio - Notice puddles on the driveway or patio? Repair dips where water can sit during a thaw and freeze. Standing water can lead to cracks that freezing temperatures will widen.
3. Gutters - Ensure they're well secured, so water running off the roof doesn’t leak between the gutter and fascia. Also, inspect seams and if needed, use silicone caulk or gutter sealant.
4. Got a Bay Window with a Metal Roof Cap? - Re-seal the seam with roofing compound.
5. Caulk & Weather Seal - Look for air leaks and gaps where critters could be making their way into your home.
Autumn is an important time to fill cracks in asphalt or concrete, and apply a sealant to help prevent water penetration damage from freezing and thawing. However, some driveways are beyond spot-repair. If you’re in the planning stages of resurfacing the driveway, you may be weighing the advantages and disadvantages of poured concrete and asphalt.
Compared with concrete, an asphalt driveway:
• Is less expensive
• Is less prone to frost damage
• Is easier to DIY fix
• Is easier to clean
• Can be re-layered
Both need to be sealed every few years. And both are good for snow removal. Concrete excels in areas where the winter isn’t too harsh. And concrete can last 30 to 50 years. Asphalt has a lifespan of about 15 years.
If you need good workmanship to help you with those to do things before winter hits, I work with a lot of reputable, trusting and reliable professional and I will be happy to share their names with you.
And if the changing seasons has you thinking about a new place, I welcome the chance to be your resource. As well as if your friends, family member or neighbours want to talk about real estate market trends, please share my contact information.
I live here, I work here and I am here for you!