Back to: April 2020


Top Energy–Saving Tips for Your Home
Small Pic

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.

..............................................................................

OTHER ARTICLES
 

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


August 26, 2020

Hello!

Wow! It's been quite a summer. As I write, a few weeks ahead of schedule, our local real estate market continues to be a hot sellers market and Red Door Realty has just launched our hot new website! (when you have a chance, please check out the link at the bottom of the page or in one of the articles below - would love to hear what you think of it!)

In this month's newsletter you will find a few more articles than usual that connect directly to our local Halifax real estate market, and to one particular article of note - a CBC news article that just came out on August 25. It's a very interesting article but also seems to include a cautionary note from Kelvin Ndoroa, a senior analyst with CMHC. He says '...Some of these risks include overvaluation, speculative demand and over construction'. While I appreciate Kelvin's outstanding data reports, I'm not sure I agree with his opinion. Simply put, I'm not sure that he totally appreciates who the buyers are who seem to be moving our market and where the demand is coming from.

These are unprecedented times. No one could have predicted the pandemic and no one could have anticipated the lifestyle re-evaluations many people would consider during the lockdown. Our market, pre-pandemic, was already in a sellers market, then we pressed 'pause'. Since then, especially over the last 3 months, we are continuing to see 'business as usual' plus some of the 'lock down' results of those lifestyle evaluations and decisions by locals and people from afar. I believe, at the most basic level, that this is creating the demand. Add the low interest rates, the ongoing construction to try to keep pace with our growing population combined with 'it's Nova Scotia's time again' and we seem to have a winning formula for a sustainably strong real estate market. But, since the data always trumps over opinion, I have done yet another review of our MLS® sales, specifically comparing MLS® data from 2019, January 1 - August 26, to January 1 to August 26, 2020. Here are the results.

Residential sales only...
  1. Across HRM, in 2019 there were 4515 MLS® solds compared to 4416 so far this year = only 2.24% fewer sales so far this year, compared to 2019, across HRM, a direct result of higher sales to listings ratios
  2. Just on Peninsula Halifax, south, central, west and north end, in 2019, there were 510 MLS® solds compared to 397 firm sales so far this year = 28.5% fewer sales so far this year, a direct result of low inventory
Just on the Peninsula, MLS® sales under $400,000 have been fewer compared to 2019 and so have the percentage of sales per price category - a direct result of increasing prices.
  • $400,000 - $500,000 price range has also seen fewer sales compared to 2019 yet accounts for 3.7% more of the 2020 sold market so far (23.7% of the 2020 market)
  • $500,000 - $600,000 price range has also seen fewer sales compared to 2019 yet accounts for 1.1% more of the 2020 sold market so far (12.3% of the 2020 market)
  • $600,000 - $700,000 price range has more sales compared to 2019 and accounts for 2.3% more of the 2020 sold market so far (8.3% of the 2020 market)
  • $700,000 - $800,000 price range has seen fewer sales compared to 2019 and accounts for .2% less of the 2020 sold market so far (4.5% of the 2020 market)
  • $800,000 - $900,000 price range has more sales compared to 2019 and accounts for .9% more of the 2020 sold market so far (3.3% of the 2020 market)
  • $900,000 - $1,000,000 price range has seen fewer sales compared to 2019 yet accounts for .2% more of the 2020 sold market so far (1.8% of the 2020 market)
  • $1,000,000 plus price range has seen fewer sales compared to 2019 and accounts for .6% less of the 2020 sold market so far (3.3% of the 2020 market)
It will no doubt be interesting to compare HRM at large to these Peninsula price category percentages at the end of the year. 

I hope you enjoy what's left of summer. Please contact me anytime, especially with any of your real estate questions, needs and/or goals!

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%

Copyright© Canada Realty News™. All Rights Reserved.

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.