Barrie Real Estate

Is now a good time to buy?

I have been telling everyone the best thing that could happen to the real estate market in Canada right now would be for our cable companies to stop carrying CNN. We need a break from the panic mode doom and gloom financial health forecasts of economic prophets lined up around the block at CNN headquarters like it was the tryouts for American Nostradamus. My suggestion, watch a good movie. Back to you Wolfe.

A snap shot of our economy here on this side of the 49th shows inflation has dropped from August to September and continues to ease while some are predicting we are actually heading into a period of deflation. The central bank predicts inflation will hover around 1% for 2009. Gas prices which are at the core of inflation, have dropped from a their summer high of $1.37 just a few weeks ago and are now right around the dollar per litre mark, about where they were just over a year ago. The Canadian dollar has dropped to $0.80 US which should stimulate our export volumes and tempt more American tourists and shoppers to go north once again.

Interest rates keep falling and are still at historical lows right now however lenders have begun tightened the purse strings on higher risk borrowers this year. If your credit is good and the property appraises at or within your purchase price then you should not have problems securing a mortgage.

We are still in a general period of stifled growth economically and likely will remain in that shadow for a while yet due to global economic tension. This climate has caused many to hesitate on buying real estate and allowed listing inventory to accumulate this year to previously unseen levels. This presents opportunity for smart investors and savvy home buyers. Right now there are record numbers of properties listed for sale in and around Barrie.

Many of those sellers have been listed longer than they hoped to be and are looking to negotiate. Some will have found the home they want to buy and made offers conditional on their own sale. The clock on their conditional offer is counting down. This happens more frequently in a slow turnover market. Some are finding they are in deeper than they can or want to handle financially with increased energy costs and wish to downsize or cash out of the market altogether for a while. The problem for those in that situation today is it can take a few more months than they are prepared for to close a sale and this puts pressure on them to take the offer presented to them now over chancing the odds of a better offer down the road.

My advice would be turn off the TV and start watching the real estate papers for some of the deals that are out there.

:: Revolutionary new device saves on home Energy ::

Being, or at least appearing to be environmentally conscious has taken hold in Canada and the US. It is inevitable that once you have a mindset shared by a significant number of people, politicians begin to take notice and of course being the capitalist society that we are, so does the business community. An entire industry is emerging, catering to the growing masses who are more likely to hug than cut down the hundred foot Oak leaning precariously over the kids bedrooms.

I am all for any efforts that result in the reduction of damage we are doing to the planet though I am often frustrated by the approaches and attitudes taken by many who purport themselves to be the new caretakers of mother earth.

The glass half full result of high gas prices is increased demand for more energy efficient and alternate sources of transportation. My car gets good gas mileage. I am not ready to stuff my 6'4" carcass in to a smart car that looks like it came from a Kinder egg but I am making efforts in other areas.

The energy efficient fluorescents light bulb will soon completely replace the incandescent bulb. I am just waiting for environmentalists or someone in a position of power to come to the realization that "hey, fluorescent bulbs contain mercury." That mercury turns to carcinogenic dust for us to breath when we break one on the kitchen floor and at some point millions upon millions of them will be spent and making their way into our landfill. I guess we will cross that bridge when we come to it.

I have wandered here. What I really wanted to do in this post was point out that in one hour a typical clothes dryer will negate the energy savings gained from using 20 energy/flourescent bulbs 24/7 for an entire month. One of the best energy efficient devices man invented hundreds of years ago and it has been cast aside for the sake of perceived style. The clothes line.

Many residential areas have restrictive covenants banning the use of clothes lines. These were put in place back in the day when people were more concerned with seeing Mrs. Jones bloomers on the line than they were with pollution or energy prices. Most of these rulings are still on the books today though most people are unaware.

Some might respond here by saying "I'm not hanging my clothes out in that dirty air". Guess what?, that air is cleaner now than it was 60 years ago when most of us were burning leaded fuel and many were burning their garbage and heating their homes with coal and oil. The bigger difference today is our pollution covers a much greater portion of the planet, including the polar regions.

What is wrong with using a clothes line? It has a Norman Rockwell kind of aura to it and if millions of Americans and Canadians were to use one for at least part of the year, think of the savings to our pockets and to our environment.

gimmeshelter.ca HotBarrieListings.com BarrieHomeworth.com mikemontague.com

:: Barrie man's crusade to find fairness in the Oil Industry ::

The big oil companies once again have us by the, well they have us where they like to have us.

Between a Rail Strike by CN and a fire February 15th at a crude processing unit of Imperial Oil's refinery in Nanticoke, Ont., we in Ontario and parts elsewhere are finding pump prices precariously close to the buck a litre mark despite drops in international oil prices.

Imperial oil has closed its stations. Other stations dependent on Imperial for supply have closed up this week as well. The remaining companies have pushed up their prices at the pump as a result. One spokesperson for the major oil retailers in Ontario stated yesterday. "By raising the pump price we are serving the publics best interests during this time of shortage. Higher prices will insure the limited supplies last longer than they would if prices remained consistent"

Logic we can all appreciate and benefit by. I can only imagine what might happen if I overpriced my listings by 40% to insure I don't run out of properties to offer for sale this year.

Bob Taylor who has called Barrie home for about a year now has brokered his own crusade and wants us all to take notice and take action. Specifically he is fumed at the difference between Toronto gas prices and the higher Barrie gas prices that drop down again as you head north from Barrie. You have to admire his willingness to do more than just mutter under his breath while taking it on the chin. Have a look at his web page. If only half as many Canadians as watched American Idle this week take up the challenge he puts forth on his website it will be interesting to see what could unfold. Click to view

gimmeshelter.ca HotBarrieListings.com BarrieHomeworth.com mikemontague.com