Back to: April 2020


Top Energy–Saving Tips for Your Home
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While we all use energy differently, in general, energy is mostly used for heating and cooling the home, with hot water coming in second.

Good energy habits help you save money and the way we use energy plays a big role in how much we’re paying for it. For example, if you leave the hot water running constantly while you’re shaving, you’re using a lot of hot water just to rinse the razor a few times.

Simple choices we make every day can go a long way to help us manage our energy use, cut costs and protect the environment around the year. Here are a few tips to help you conserve energy in your home.

1- Choose off-peak hours
Take advantage of lower energy prices during off-peak hours. Consider running your dishwasher, clothes washer and dryer early in the morning, in the evening or on weekends when electricity rates are lowest.

2- Use the dishwasher and washer wisely
Try to cut down on power by air drying instead of using the heater. Try washing your clothes in cold water to save hot water costs.

3- Use a programmable thermostat to reduce energy use
Install a programmable thermostat to automate your heating and cooling. It makes it easier to reduce your energy use when you’re not home and when you’re sleeping.

4- Use your appliances properly
Did you know that an uncrowded fridge works more efficiently than a crowded one? However, a freezer works best when they are two-thirds full. When you’re using the dishwasher wait to do a full load. A half-empty dishwasher uses the same amount of energy as a full one.

5- Consider caulking and weather stripping
Plugging up air leaks is relatively inexpensive and delivers a great return summer and winter. Look for cracks around windows and doorframes. Also check the sill plate, where your home’s foundation meets the frame. It could be a big source of air leaks.

6- Find your top 10 locations for compact fluorescent lamp (CFL) bulbs
It pays to replace your most frequently used incandescent bulbs with CFLs. They use 75% less power and last up to 10 times longer.

7- Buy ENERGY STAR® Appliances
Save energy and fight climate change with ENERGY STAR qualified products. They use less energy, save money, and help protect the environment. According to ENERGY STAR, if just one in 10 homes used ENERGY STAR-qualified appliances, the impact could be compared to planting 1.7 million new acres of trees. Switching to these appliances is not only good for the environment but is easy on your pocketbook. Although these appliances may cost more, you can reduce your energy bill by approximately $80 per year.

The age, condition, and efficiency of your appliances play a big role in how much energy you use, so it’s important to keep them in good working order, and at some point, consider upgrading to the most energy-efficient models.

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With Compliments of

Michele Vyge-Fraser
Real Estate Agent/ Associate Broker/ CNE®


Red Door Realty
1314 Martello Road
Chapter House
Halifax, Nova Scotia,
T: 902-830-6397
NovaScotiaRealEstate@gmail.com
www.RedDoorRealty.ca

Hello! 

It is April 13 as I am writing this note and there are currently 1435 (compared to 1,123 in March) conditional MLS® sales in all categories showing on our Nova Scotia MLS® system.

This is indeed the Spring Market now and we are seeing more listings as expected. The overall market continues to be a continuation of the sellers market, with most sellers still receiving multiple offers and buyers continuing to experience aggressive competition from both local and out of province clients.

It's really interesting to see which parts of the province are experiencing the highest sales. As to be expected, HRM is the highest, yet 55% of the total sales that have firmed up in the last 4 weeks are outside this area. From the 2055 MLS sales, across all categories of real estate, that have firmed up across the province in the last month, here's the break down;

  • Annapolis Valley 317 solds
  • Cape Breton 143 solds
  • Highland Shore (Antigonish - North side of Cape Breton) 95 solds
  • Northern Shore (north of Truro up to Amherst, over to New Glasgow) 253 solds
  • South Shore 290 solds
  • Yarmouth area 42 solds
  • Halifax/Dartmouth - HRM 915 solds

Also interesting to note that last month, approx. 51% of the total sales that firmed up the month before were across HRM compared to approximately 45% this past month. 

Vacant land also continues to be in high demand!

So where are we going? I believe our sellers market will continue despite the anticipated stress test change in June. In the short term, though it will likely add even more heat to our sellers market, our average prices are still lower than most comparable markets across the country. That and the demand for 'work anywhere from home' properties will likely continue to move our market well into the foreseeable future. 

If you are considering selling, this is still definitely the time! If you are looking to buy, please contact me anytime! 
 

Hope you have a great month! 


With Gratitude,

Michele 



NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Feb 18,2020


www.RedDoorRealty.ca

Halifax Mortgage Specialist Bruce Lusby 

(902) 210-0515

http://mortgageweb.ca/BruceLusby

Halifax, Nova Scotia - updated Oct 6, 2015

Variable:

5yr @ Prime - .65% (2.05%)

HELOC @ Prime +.25% (2.95%)

Fixed:
1yr 2.29%
2yr 2.09%
3yr 2.24%
4yr 2.54%
5yr 2.54%
6yr 3.39%
7yr 3.44%
10yr 3.84%

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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.