Cape Breton Island, Monroe’s Lake, Englishtown

August 27th, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Waterfront, farm, large acreage, view

 

 Englishtown

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We are pleased to feature this rare offering on Kelly`s Mountain. Site development includes a driveway, utility poles to a proposed building area where you will find a storage building and platform from which to delight in the awe of historical St. Ann`s Harbour, skirted by the Cape Breton Highlands. The roadway into this 236 acres +/- continues nearly to the mountain top Munroes Lakes. En route you will pass waterfalls, streams and cleared areas amid serene hardwood stands and towering pines. Mesmerizing views and endless exploration abound on this vast acreage offering a multitude of possibilities–an exceptional retreat property!

 

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

902 295 3472 home

www.harveyrealties.com

terri@harveyrealties.com

 
   

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Residential Activity

August 19th, 2010 by Terri in Community, Events, Trends

According to CREA:

 

 
Residential sales activity rose strongly on a year-over-year basis in the first quarter of 2010 in the area served by the Nova Scotia Association of REALTORS�. 

Residential property sales were up 22 per cent from year-ago levels to 1,826 units in the first quarter. The jump was a result of year-over-year increases in all three months of the quarter, with particularly large gains in January and March.

 

Detached home sales rose 20 per cent year-over-year to 1,256 units in the first quarter of 2010, the second consecutive increase. Detached home sales activity was up in all areas except the Highland region in the first quarter.

 

The number of active listings declined from year-ago levels in the first quarter, the second consecutive drop in listings. Lower inventories and an increase in demand resulted in a tighter market for detached homes relative to a year earlier. 

 

With a tighter market for detached homes, homebuyers took less time to shop than they had one year earlier.

 

The median sale price for detached homes rose 13 per cent from a year earlier to $212,000 in the first quarter of 2010. This is the second highest median price on record.

 

The median sale price was up the most in the South Shore region, rising 34 per cent to $154,000.

 

Median prices were also up from year-ago levels in the Halifax-Dartmouth ($252,750) and Northern Nova Scotia ($110,000) regions. This was a new record for Halifax-Dartmouth.

 

The median price was down year-over-year to $84,250 in Cape Breton, and declined in the Highland area to $129,950.

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

www.harveyrealties.com

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124 Zion Road, Big Baddeck, Cape Breton Island

August 4th, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Listing, cape breton

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 Big Baddeck                                   124 Zion Road                            $140,000.

Charming two bedroom home with finished basement and 2 car detached garage. Open concept living/kitchen area with upscale appliances. Easy care flooring and a cozy woodstove for those frosty evenings. Pretty decor and large deck. The property is surveyed and the 2 car garage also boasts a woodstove and plenty of storage. Large tub in the main bath and fenced in dog area in the back yard. Oil hot water heat with the woodstove back up. Main floor office, bedroom, kitchen/living and bath. Loads of storage space. This gem won’t last!

 

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

www.harveyrealties.com

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Margaree Forks, Cape Breton Island

July 20th, 2010 by Terri in Baddeck Real Estate, House, Listing, angler, cape breton, margaree

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$50,000

Margaree Forks

8202 Cabot Trail

 

Darling three bedroom cottage close to the Margaree River. Most furnishings included along with a fridge and stove. Amenities of Margaree Forks include grocery store and gas bar as well as a convenience store, Inns, campground and tourist bureau. The cottage has some hardwood flooring but most of the flooring is vinyl. The porch could easliy be screened in. The heating is by way of an oil stove in the kitchen. The water is spring fed from a brook. The upstairs loft could be converted to usable space. Great location, great price! Watch for our sign on the right hand side after the bridge.

50062553 –     Listing Agent – Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2363 ph, 902 295 3019 fax

www.harveyrealties.com

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9962 Marble Mountain Road, Orangedale, Cape Breton

July 7th, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, House, Listing, Waterfront, bras d'or lakes, cape breton, farm, large acreage, view

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Orangedale                             $169,000

Large acreage on the Bras d’Or Lakes. 48.1 acres with 830 ft. of shoreline. Very private location with the house situated well off the road. The home is in need of some TLC, some original hardwood flooring can be found through the house. Heat is oil fired, forced hot air and there is a septic system. Four bedrooms and 2 baths and a galley style kitchen off a large dining room. The property is partially cleared and has easy access to the shore. The property is surveyed.

Wishing one and all a super day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

www.harveyrealties.com

terri@harveyrealties.com

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832 Orangedale-Alba Road, Cape Breton Island

June 24th, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Listing, Sheltered Cove, bras d'or lakes, cape breton, view

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$154,900 Gillis Cove

 

832 Orangedale-Alba Road

Tucked away among the pine and spruce is this darling cottage with 445 feet of waterfront on the Bras d`or Lakes. Deep anchorage and panoramic views. Two bedrooms, full kitchen and bath with views of the lake. Enjoy all water activities from your engineered floating dock. Domestic water for the cottage is supplied by cistern. The large deck overlooks the entrance to Gillis Cove. Be at peace in this secluded hideaway and enjoy nature at it`s finest. Measurements are wall to wall and approximate. Directions: From the TCH to Orangedale-Alba road then travel 4.4 kilometers. Property is on RHS.

Have a super day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

902 295 3472 home

www.harveyrealties.com

terri@harveyrealties.com

 

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Canadian Real Estate Association Statistics.

June 14th, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Community, Events, Trends, buying hints, cape breton
According to CREA:
Residential sales activity rose strongly on a year-over-year basis in the first quarter of 2010 in the area served by the Nova Scotia Association of REALTORS�. 

Residential property sales were up 22 per cent from year-ago levels to 1,826 units in the first quarter. The jump was a result of year-over-year increases in all three months of the quarter, with particularly large gains in January and March.

 

Detached home sales rose 20 per cent year-over-year to 1,256 units in the first quarter of 2010, the second consecutive increase. Detached home sales activity was up in all areas except the Highland region in the first quarter.

 

The number of active listings declined from year-ago levels in the first quarter, the second consecutive drop in listings. Lower inventories and an increase in demand resulted in a tighter market for detached homes relative to a year earlier. 

 

With a tighter market for detached homes, homebuyers took less time to shop than they had one year earlier.

 

The median sale price for detached homes rose 13 per cent from a year earlier to $212,000 in the first quarter of 2010. This is the second highest median price on record.

 

The median sale price was up the most in the South Shore region, rising 34 per cent to $154,000.

 

Median prices were also up from year-ago levels in the Halifax-Dartmouth ($252,750) and Northern Nova Scotia ($110,000) regions. This was a new record for Halifax-Dartmouth.

 

The median price was down year-over-year to $84,250 in Cape Breton, and declined in the Highland area to $129,950

 

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

www.harveyrealties.com

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Fishing on the Margaree River…..

June 4th, 2010 by Terri in Events, House, Listing, Margaree river, Waterfront, angler, cape breton, fly fishing, margaree, margaree valley, salmon fishing, view

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$220,000

Margaree Valley

 

Here it is folks! An angler’s paradise. Located on the Ross salmon pool and steps away from Tingley and Chance pool, this idyllic piece of picturesque Margree River awaits your fishing rod. Steps along the bank allow easy access to the river. Enjoy 350 ft. of meandering riverfront at your doorstep.

 The quaint home has 3 full bedrooms and a bedroom/laundry room. Heated with oil and a wood stove in the partially finished basement for those cozy winter nights. The land is mostly cleared and has a large storage barn. The large eat-in kitchen has loads of cupboards and easy to keep linoleum flooring. Step into the large living room and enjoy the view of the river. Go for a walk and find yourself at Tent and Reid pools.

 You can literally fish from your own back yard. Stay tuned for interior photos. From the Cabot Trail turn in on the East Big Intervale Road. Travel 5 kilometers to the Portree Road, travel .8 kilometers to the Hatchery Road. Drive 4 kilometers and the property is on the right hand side after the second bridge.

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

902 295 3472 home

www.harveyrealties.com

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Kempt Head Road, Cape Breton

May 31st, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, House, Listing, Waterfront, bras d'or lakes, cape breton, view

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$395,000 Kempt Head

9078 Kempt Head Road

This property features a beautiful open-concept three-bedroom home (and outbuilding) set on three acres (+-) with 300 feet (+-) of waterfront on the Bras d’Or Lake. The main section is a hexagon, and features the living/dining area and beautiful kitchen. There is an 18 x 24-foot section which comprises the master bedroom and ensuite with air jet tub, and large walk-in closet. Another 20 x 24-foot section has two bedrooms, a full bathroom, and a laundry/sewing room. The basement is partially developed with an office and work room. There is a screened in room off the deck, and there is a beautiful panoramic view overlooking the Bras d’Or Lake and Big Harbour! Beautiful landscaped grounds, and an outbuilding for storage. Stroll down to your private beach and enjoy the shorefront!

Terri Brewer

Catherine E. Harvey Realties

Baddeck, NS

www.harveyrealties.com

902 295 2364 ph, 902 295 3019 fax

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Interest rates to rise….

May 21st, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Events, Trends, buying hints, cape breton

From the Canadian Real Estate Association:

Bank of Canada maintains interest rates
As was widely expected, the Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on April 20, 2010. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent. With the Bank having dropped its commitment to stay on hold until at least the second half of the year conditional on the outlook for inflation, financial markets now expect the Bank to raise rates at its next at its next fixed announcement date on June 1st. The Bank raised its forecast for economic growth this year from 2.9 per cent in the January Monetary Policy Report to 3.7 per cent, attributing the more “front-loaded” profile for growth to “stronger near-term global growth” and “very strong housing activity”.  However, the Bank also cut its forecast for Canadian economic growth, based in part on an expected decline in housing investment “over the remainder of 2010 and well into 2011.” The Bank noted that the economy still faces headwinds from the strength of the Canadian dollar, weak U.S. demand, and “Canada’s relatively poor relative productivity performance”. The Bank moved the goalposts forward as to when it expects the economy to return to full potential, now forecasting the second quarter of 2011. The Bank had previously forecast a return to potential by the third quarter of 2011. This is another signal that rates will have climb sooner in order to fight inflation.

 The Bank said core inflation had been somewhat firmer than projected in January, but noted that this was due to temporary factors. The core rate is expected to ease slightly in the second quarter of 2010 and to remain near 2 per cent throughout the rest of the projection period. Total CPI inflation is expected to be slightly higher than 2 per cent over the coming year, before returning to the target in the second half of 2011.

 In previous announcements, the Bank had noted that it believed the balance of risks to the outlook to be tilted to the downside. At its last announcement, the Bank judged those risks to be balanced. In its Monetary Policy Report released on April 22, 1010, the Bank judged risks to the inflation outlook as remaining elevated but “roughly balanced over the projection horizon.”

 “The April interest rate announcement all but guarantees the Bank will raise rates in June,” said CREA’s Chief Economist Gregory Klump.

 As of April 19th, the advertised five-year conventional mortgage rate stood at 5.85 per cent. This is up 0.4 per cent from one year earlier, and stands 0.46 per cent above where it stood when the Bank made its previous interest rate announcement on March 2, 2010.

 Improving credit market conditions have enabled lenders to reintroduce discounts off posted mortgage interest rates. Discounts of about one percentage point can be negotiated, depending on lender-client relationship.

 Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 ph, 902 295 3019 fax

www.harveyrealties.com
    

 

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