The Spring market is in full swing!  Sales are up as we saw 1,424 homes sell in the month of May, which is up 16.8% from last May.  We are also seeing fewer homes for sale as the listing inventory is down by -3.4% when we compare the amount of homes that were on the market this May compared to the same time last year.

So for May 2014... we are at the top end of a "Balanced Market" because the list to sales ratio was 19.64%.  It is a "Balanced Market" when the ratio ranges from 15% to 20%.  It is deemed to be a "Buyer's Market" when we are below 15% and a "Seller's Market" when we are above 20%.

We finished May with 5.1 months of inventory.  Those inventory level tells us that prices are stable and are rising in some areas.  When inventory is…

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The Spring market is in full swing!  Sales are up as we saw 1,104 homes sell in the month of May, which is up 16.7% from last May.  We are also seeing fewer homes for sale as the listing inventory is down by -9.1% when we compare the amount of homes that were on the market this May compared to the same time last year.

So for May 2014... we entered a "Seller's Market" because the list to sales ratio was 23.14%.  It is a "Balanced Market" when the ratio ranges from 15% to 20%.  It is deemed to be a "Buyer's Market" when we are below 15% and a "Seller's Market" when we are above 20%.

We finished May with 4.3 months of inventory.  Those inventory level tells us that prices are rising.  When inventory is around 5 to 6 months, prices are stable and are…

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The Spring market is in full swing!  Sales are up as we saw 1,898 homes sell in the month of May, which is up 11.1% from last May.  We are also seeing fewer homes for sale as the listing inventory is down by -3.8% when we compare the amount of homes that were on the market this May compared to the same time last year.

So for May 2014... we experienced a "Seller's Market" because the list to sales ratio was 26.83%.  It is a "Balanced Market" when the ratio ranges from 15% to 20%.  It is deemed to be a "Buyer's Market" when we are below 15% and a "Seller's Market" when we are above 20%.

We finished May with 4.4 months of inventory.  Those inventory level tells us that prices are rising.  When inventory is around 5 to 6 months, prices are stable and…

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Whether you’re considering minor updates to perk up a room, or a full-scale renovation of your entire home, it’s important to be aware of how renovations might affect your property value, especially if you’re thinking of selling in the near future.

Since most renovations resolve an issue or improve quality of life, many people automatically assume that they also increase a property’s sale price. That’s often true— but it’s not always the case. According to the Appraisal Institute of Canada, “If the value of your house exceeds the average market value in your neighbourhood, your renovations will not yield much return. But if your house value is below the average, you can recover a larger part of the renovation costs.”

That being said, there are…

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If you don't own one already, you may be tempted to purchase a widescreen digital television to enjoy your favourite movies, shows and sports programs. However, it can be difficult to select the right screen size, especially if you've been accustomed to viewing a TV with a traditional 4:3 screen.

When it comes to size, there are many factors that come into play, such as screen resolution and personal preference. However, the last thing you want is to purchase an HDTV that is too small for the room, or so big that it dominates the space.

Here's a tip:

The rule of thumb is to take the distance you'll be sitting from the television and multiple by five to get the screen size you need. So if you'll be sitting eight feet away, you'll want to look at…

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