Ontario Government news release about natural gas

Ford Government has announced in September that they are working to expand natural gas to families and businesses throughout rural Ontario. This idea will be possible through an innovative partnership with local communities and the private sector.

Premier Ford says "by cancelling the cap and trade carbon tax, we have already acted to bring natural gas prices down for Ontario families and businesses"

Under the proposed legislation this new program would deliver low cost natural gas to Ontario communities. This will be done using more private gas distributors that would help develop projects to expand access to natural gas.

The proposed changes could potentially connect over 70 Ontario communities with natural gas working out to be approximately 33,000 homes.

Ontario families switching to natural gas from other sources can save between $800 to $2500 per year. 

Holding Offers is Dead

What is holding offers? Holding offers are a marketing tool where Sellers offer a property to be viewed for a set number of days before looking at any offers from interested Buyers. This is a marketing tool but only effective in a seller's market. The hope is by the Sellers that Buyers will "compete" and pay higher prices for their properties.

In Peterborough we are still currently dealing with low inventory numbers BUT the market is becoming more balanced. The number of multiple offer situations are becoming far less common. When you do see multiple offers you are seeing close to asking price AND conditions. This was not the case in 2017.

In today's current market your home must be listed at least 5% under its market value in the hopes of getting 10% to 15% over asking. Most sellers are not interested in taking this risk. Sellers currently holding offers usually list at full value or over value. They are not getting multiple offers. However, their home or property do sell, just after the holding date.

Buyers seem to be reluctant to compete anymore, even if their interest in a property is great. Buyers have a fear of over paying for a property and as the market slips in value they don't want to be left being upside down for years to come.

OREA (Ontario Real Estate Association) is lobbying the government to put rules in place that change how multiple offer situations are presented. Currently the Seller and their Agent can not disclose what current offers are. As a Buyer in a multiple offer situation you have no idea what you are competing against so you may bid thousands, maybe tens of thousands of dollars more then you needed to win the property. OREA would like to have a transparent offer process to have more of an auction process. Keep in mind the Seller would have to still direct this process and may choice not to. Under current legislation, agents are prohibited form disclosing any of the financial or conditions of an offer. The current way of multiple offers is likened to a "silent auction"

So is "Holding Offers" right for your situation? Let's talk...

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Written for you by:

Your local Realtor®

Brad Sinclair, Sales Representative

Royal LePage Frank Real Estate Brokerage

Making Real Estate “Real” since 2007

www.bradsinclair.ca 

The Ennismore Journal: Week in Review October 1/2018 to October5/2018

Walk and Talk:

Well this has been a quiet week on the local municipal front. Discussions were on some Federal issues, my upcoming candidates meeting, many thanks and a wrap up. Have a watch!

October 1st/2018 Walk and Talk
-I usually like talking local issues but this story rattles me to the core

October 2/2018 Walk and Talk (raining edition #2)
-The opening question to be asked at the All Candidates Meeting and the issues I am having with this question. I am not sure if I am politician enough to answer this question

October 3/2018 Walk and Talk

-Fundraiser for the Ennismore Heritage and Arts Centre!
Halloween Dance! Only $5 admission. Please share. 
(October 26 at 7:00PM)

October 4/2018 Walk and Talk
-Thankful.........
-Voting begins Oct 9

October 5/2018 Walk And Talk
-We have covered a lot since August
-Speechless, Brad Sinclair?

Community Activities:

The Ennismore Scarecrow contest is well on its way! Here is where you will find the enteries!

This is the message posted on the Ennismore Scarecrow Facebook page to everyone:

Thank you to all those who have registered for our Scarecrow Contest as we love watching them pop up around town. They have already created lots of conversation and buzz in the community, especially among the kids at school. Great community spirit! We hope you had fun putting them together.

Starting tomorrow after work we are going to start going around to snap some photos of some of the displays. We do have limited time after work, and the weather has not been the most cooperative, but we hope to visit each registered Scarecrow by Friday evening.

After Thanksgiving weekend the St. Martin's Youth Group will be voting on the winner and our goal is to announce the Grand Prize Winner by Friday Oct 12th. We ask that you leave your Scarecrows up until Oct 22nd if possible, so that members of our community can drive around and check them out.

We will be posting our Scarecrow Tour Map tomorrow on our Facebook page, and there will be hard copies available at Sullivan's Store tomorrow after lunch, indicating where all the family scarecrows are around town. We hope you get the chance to check out some of the amazing hard work that so many of you have put into your displays!! Thank you, thank you, thank you!!!

Brad Sinclair Royal Lepage 

I see some funny stuff out of my window everyday at the office. It just depends if I can get a shot quick enough to share. Here is this weeks picture:

New Listing in Selwyn

A true family home in every aspect. A Beautifully decorated 4 bedroom, 3 bath sidesplit home, with plenty of room for family gatherings in the spacious main floor family room with a wall of large windows allowing both natural light and a view of the backyard and the children at play. Embrace your passion for cooking or baking in this dream kitchen. With plenty of prep space, ample storage and high quality appliances meal prep will be a breeze. Just a short flight of stairs up you enter the 2nd level with 3 large, bright bedrooms and a sizable bathroom. On the lower level you will find a luxurious master bedroom complete with master bath and walk-in closet. Located at the basement level there are 2 utility rooms for storage, a 2 pc bath and a spacious rec room and gym. Wait until you go outside! The oversized rear yard has plenty of room for the kids to run off steam. For those hot summer days there is a fully fenced in ground pool with pool house for the whole family to enjoy. More info go to www.bradsinclair.ca

Real Estate videos:

For more local content subscribe to this blog at the top of this article!

Written for you by:

Your local Realtor®

If you are looking to either Buy or Sell in Ennismore or Bridgenorth contact me immediately at 705-927-6236

Brad Sinclair, Sales Representative

Royal LePage Frank Real Estate Brokerage

Making Real Estate “Real” since 2007

www.bradsinclair.ca