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Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902 295 2364 ph, 902 295 3019 fax
Trends Category
Residential Activity
August 19th, 2010 by Terri in Community, Events, Trends
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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
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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 bretonFrom the Canadian Real Estate Association:
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Tip#2, Preapproved mortgages.
April 8th, 2010 by Terri in Baddeck Real Estate, Cape Breton Real Estate, House, Mortgage Insurance, Mortgages, Trends, buying hints, cape bretonNow for tip #2, get pre-approved for a mortgage and know your limit. You do not want to fall head over heels for a home only to find out you cannot afford it. Ask for your spending cap then let your Realtor® know your limit. There are a
variety of programs available to Realtors® specifically designed at searching listings using client criteria.
Generally speaking, a mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest. I checked the interest rates today at the East Coast Credit Union ( 902-295-3477 ) and the Royal Bank( 902 295 2224 ), both located on the main street called Chebucto Street. Rates are competitive; you should consult a mortgage specialist to determine your needs. Ask about accelerated payments and if you may pay a lump sum on the anniversary date of the mortgage, that is applied directly to the princple as some lending institutions allow this option.
When you are pre-approved for a mortgage you can shop with confidence. Issues to discuss at this point are penalties
of paying off your mortgage early, current mortgage rates and closing costs. You should also find a lawyer and ask what he/she will charge to act on your behalf. Typically they will charge a fee plus disbursements. The disbursements can add up quickly so get an estimate of the total cost of their services.
Next week… Know Your Area
Terri Brewer
Catherine E. Harvey Realties
Baddeck, N.S.
902 295 2364ph 902 295 3019 fax
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In and around Baddeck.
May 14th, 2009 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Events, Trends, cape breton, condominiumJocelyn Bethune’s book, Historic Baddeck, is now available and her book signing was a big success. Congrats to Jocelyn. Seasonal businesses are beginning to show signs of life and there are a few unfamiliar faces along the streets. The High Wheeler is open as well as Wong’s..two of my favourite haunts. I see the Yellow Cello is busy and there’s a new accessories boutique in the Mini Mall run by Terri MacAulay. The condos are looking terrific and Alex and Mabel seemed to weather the winter well.
Looks like Baddeck and surrounding areas are ready for tourists and former Cape Bretoners who have planned a visit this summer. Boats will soon be bobbing in the lake and bus tours will be the everyday norm. I would like to invite everyone to visit Baddeck. It’s a charming little village and big on hospitality!
Wishing one and all a super day!
Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902-295-2364 ph, 902-295-3019 fax
902-295-3472 home
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Property Migration
March 25th, 2009 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Trends, buying hints, cape breton, land registration, migrationGood day. Many of you are asking about this process. What it is and why must I have it completed in order to sell my property. Well, basically it is a guarantee of title to the land owner. This land registration was designed to ease the process of how land is bought and sold. It’s a new, modern way to manage land ownership and can be managed online from any location in the world.
There are more than 600,000 land parcels in Nova Scotia and many of these have not been converted to the new system. There are mandatory triggers such as selling for value, mortgages and subdivision resulting in three or more parcels, condominium development, land title clarification and quieting of title. You may voluntarily migrate your property as well.
From my perspective, it is much easier to sell a converted ( migrated ) property as I know the historic search has been completed and ownership has been established. In the past, sales have been held up due to gaps in title, for weeks or even months, while lawyers try to rectify the problem.
You may start your migration with a call to your lawyer if you wish the process to be completed now rather than waiting until it must be done. Here is my tip for the day. If you have a large parcel of land and are thinking of subdividing it into smaller parcels, then you should convert the parent(original) parcel prior to subdivision so you only have to pay for it once.
I hope this clears up any confusion or at least answers a few questions regarding migration of land.
Take care and have a great day!
Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902 295 2364 office, 902 295 3019 fax
902 295 3472 home
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Baddeck Real Estate, Cape Breton Island
March 4th, 2009 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Events, Listing, Trends, buying hints, cape bretonTo buy or not to buy…the Bank of Canada dropped its key interest rate to 0.5%. Historic! Now is a great time to buy property as we will, albeit eventually, come out of the recession and the rates will slowly climb back into the clouds again. While most people with disposable cash are hanging on to it, some are realizing it’s a buyers market and a great time to make a purchase, especially if it is for investment purposes.
As soon as the market changes people become realistic about selling property. In good times where an average turn around time might be 60 days, it now takes much more time and sometimes requires a drop in price to see fruition. The buyers mindset is…if I am going to risk my money in volatile times, I want a great deal!
Let us hope this recession runs its course in due time and by the time the snow is gone we’ll be back in business and back to a fair market for both buyers and sellers….see photo below!
Wishing one and all a super day!
Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902 295 2364 ph, 902 295 3019 fax
902 295 3472 home
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The Market
January 31st, 2009 by Terri in Baddeck Real Estate, Cape Breton Real Estate, Community, Events, Trends, buying hints, cape bretonSome people say the real estate market is soft and investment dollars are scarce…well, I say it’s a great time to buy property. Prices are down and people are ready to deal as they are unsure of how long this economic downturn will last. Bank rates are low and the market is flooded. No better time to invest than now. The Canadian Real Estate Association President reacts to the federal government stimulus plan in the 2009 budget.
“The change announced to the popular Home Buyers’ Plan will help Canadians who want to own their own home, and do it in a responsible way that is not a major drain on taxpayers,” says the President of The Canadian Real Estate Association (CREA), Calvin Lindberg.
Research conducted for CREA by the Altus Group shows that each residential real estate transaction in Canada generates $32,200 in ancillary consumer spending. The study also reported that 94,700 full time direct jobs were generated annually by that ancillary or spin-off activity. The study is posted on the www.crea.ca website.
“The federal government has found a way to introduce economic stimulus and housing initiatives for specific groups, and for Canadians who want to buy their first home.” Mr. Lindberg added. CREA had proposed the federal government do that by increasing the limit of the Home Buyers’ Plan (HBP) to help stimulate the housing market.
Wishing one and all a super day!
Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902-295-2364 ph, 902-295-3019 fax
902-295-3472 home
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February 2009, Baddeck, Cape Breton
January 6th, 2009 by Terri in Baddeck Real Estate, Community, Events, Trends, cape bretonHistoric…that’s the word that comes to mind when I think of this February 2009. One of the main events taking place this month is the Silver Dart Replica Flight by the Welland Aviation Group taking place February 23, 2009 in Baddeck, Nova Scotia. Celebratory preparations have been in the works for about a year now as we get set to celebrate an event that helped change how the world traveled. Please check out the website and join in on the events making history in Cape Breton.
Also, yesterday saw our Canadian Junior Men’s Hockey team beat Sweden in a 5-1 trouncing at the World Junior Championship game in Ottawa making their record five in a row for Team Canada to take top honours. Hard work and dedication paid off for our young men.
Speaking of hockey…Baddeck’s own Jessica Wong made an outstanding show in the Canadian Women’s Under 18 World Tournament in Fussen, Germany with 2 goals and a helper to see Canada soundly defeat Switzerland 16-1. The whole Village was abuzz as people tuned in to the internet site and awaited updates. Way to go, Jess, we couldn’t be more proud.
If anyone has an upcoming event I would be happy to post it on this site.
Wishing one and all a super day, especially my son, Mitchell, happy 20th!
Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902 295 2364 ph, 902 295 3019 fax
902 295 3472 home
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Christmas in Cape Breton
November 24th, 2008 by Terri in Baddeck Real Estate, Christmas, Community, Events, Trends, cape bretonLate November traditionally marks the start of Santa Clause Parades and this year is no exception. According to today’s Cape Breton Post, the list of parades are as follows:
November 28th~~ Louisbourg, formation is at 6PM at the S&L Railway Museum and the parade starts at 7 pm. Parade route is from S&L Museum, along Main Street to fountain at Pecks Grocery Store and ending at Louisbourg Community Hall where a light up will follow.
November 29th~~Baddeck, formation is at Baddeck Academy at 1pm and the parade starts at 2pm. Following the parade, everyone is invited to the Bras d’Or Yacht Club to visit with Santa.
November 29th~~ Sydney, formation is at the north end of George Street at 9:30AM and the parade starts at 11:00 am. Route is right onto Dorchester, left onto Charlotte, along Charlotte to Townsend, along Townsend to George, along George to Prince, right onto Prince to Disco, along Disco to Victoria, along Victoria to Jamieson, ending at Whitney Pier Memorial Jr. High with awards and refreshments.
November 30th~~New Waterford, formation is on lower Plummer Ave at 4:30 pm and the parade starts at 6:00 pm. Route is along Plummer , left onto King to Emerald, right onto Mahon, right onto Plummer to the KOC for awards.
December 6th~~Reserve Mines, formation is on Tompkinsville at 12:30pm and the parade starts at 1:30pm. Route is Tompkinsville, Sydney Road, Main Street, Neville Street, Holland Street then back to the fire hall where there will be treats for the children.
December 6th~~ North Sydney, formation is at 5:00pm on Blowers and the parade starts at6:00pm. Route is Pierce Street, left onto Regent, left onto Commercial, left onto Blowers.
December 6th~~ Glace Bay, formation is at 4:00pm at the Glace Bay Fire Hall on Reserve Street and the parade starts at 6:00 pm. Route is down Union Street, Commercial Street, Brookside, Park Street back to Union, down Reserve back to fire hall for treats for the children.
December 6th~~ Port Hood, Christmas by the Sea Parade begins at 2:00 pm and ends at the fire hall where treats will be served. Santa will make an appearance.
December 7th~~ Dominion, formation on Duggan Street at 3:00 pm and the parade starts at 4:30pm. Route is Commercial, Royal, King’s Road, Neville Street, Reserve, Atlantic Street, Mitchell Avenue, Commercial Street then return to the fire hall for awards.
If any community has parade information not mentioned here, please call or email and I will be happy to add it to the site.
Wishing one and all a great day!
Terri Brewer
Catherine E. Harvey Realties Ltd.
Baddeck, NS
902-295-2364 ph, 902-295-3019 fax
902-295-3472 home
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