2015 Windsor Essex Market Watch 10 Year Trends
Each year Buckingham publishes a Residential Market Watch showing the statistics for all of Windsor and Essex County. While this information is helpful for an over all look of the market trends, it is also helpful to look at the area you are interested in to determine what is happening in that neighbourhood. The Windsor Essex County Association of Realtors divides the County of Essex into a number of areas. Each Area has its own distinct characteristics. Buckingham has taken the time to graph Residential Listing information for Areas 1 through 60 with historic trends. It is interesting to see the differences in changes to average sales price and listing sales ratio in each area. Each area’s growth changes at a different rate.
The Listing Sales Ratio is obtained by taking the number of listings and dividing it by the number of sales. In general a Listing Sales Ratio of under 50% is referred to as a Buyer’s market, and is characterized by falling prices. A L/S Ratio of 50% is referred to as a balanced market and is usually characterized by limited growth in prices. A L/S Ratio well above 50% is referred to as a Sellers Market and is usually characterized by rising prices.
S-L Ratio Average Price Residential Area 1
S-L Ratio Average Price Residential Area 2
S-L Ratio Average Price Residential Area 3
S-L Ratio Average Price Residential Area 4
S-L Ratio Average Price Residential Area 5
S-L Ratio Average Price Residential Area 6
S-L Ratio Average Price Residential Area 7
S-L Ratio Average Price Residential Area 8
S-L Ratio Average Price Residential Area 9
S-L Ratio Average Price Residential Area 10
S-L Ratio Average Price Residential Area 20
S-L Ratio Average Price Residential Area 30
S-L Ratio Average Price Residential Area 40
S-L Ratio Average Price Residential Area 60
Posted by Cam Paine on May 17, 2012 in Home Improvement | 2 comments
Expansion of the Home Buyers’ Plan (HBP) The HBP is a program that allows you to withdraw funds from your registered retirement savings plans (RRSPs) to buy or build a qualifying home. You can withdraw up to $25,000 in a calendar year The home can be for you, or it can be for a related person with a disability. If the home is acquired by a person with a disability or for a related person with a disability, one of the following should apply: it is more accessible to that person than his or her current home; or it is better suited to that...
read more
Posted by Cam Paine on May 14, 2012 in Recent Works | Comments Off on Mortgage Pre-Approval
One of the first steps when buying a home is getting pre-qualified for a mortgage. It is important to understand how much of a mortgage you can afford before you begin searching for a home. I work with a selected group of mortgage professionals who are specially qualified to assist you in this area. If you would like to receive the latest rates, and meet with a mortgage professional, please contact me. The following links are also helpful, if you would like to make some quick calculations. House Hold Budget Calculator Mortgage...
read more
Posted by Cam Paine on May 7, 2012 in Saftey | Comments Off on Fire Safety and Prevention in Windsor Essex
Fire Safety and Prevention in Windsor Essex Compliments of www.cameronpaine.com Fire Prevention Tips Do not plug too many appliances into an electrical outlet. Make sure that combustibles are not too close to heaters, stoves and fireplaces. Never smoke in bed, or leave a burning cigarette in an ashtray. Do not use damaged or frayed electrical cords or extension cords. Keep matches and lighters out of the reach of children. Teach your children about the dangers of playing with fire. Never use extension cords with heating or air conditioning...
read more
Posted by Cam Paine on May 7, 2012 in Selling | Comments Off on Pricing Your Home in Windsor Essex
Pricing Your Home in Windsor Essex “A well priced home is essential.” In many cases homes sell for a price which falls far short of the original asking price. Listing a home at an unrealistically high level, is usually not a good idea if you are serious about a sale. Many people only look at new listings and assume something must be wrong with a home if it has been listed for a long period of time. On average homes sell within 96% of their asking price in the Windsor Essex County Market. The best way to sell a home is to price...
read more
Posted by Cam Paine on May 7, 2012 in Energy Saving | 1 comment
Saving Energy in a Windsor Essex Home A large portion of that energy is wasted in the majority of Homes. If you use efficient measures, you can reduce your energy bills by 10% to 50% and, at the same time, help reduce air pollution. An energy efficiency plan for the whole house is key Keep in mind that heating systems include not just a furnace, but the heat delivery system. A top of the line furnace in ineffective without a proper distribution system. Insulation is often more important that the efficiency of a furnace. First find out which...
read more
Posted by Cam Paine on April 11, 2012 in Insurance | 2 comments
Compliments of www.cameronpaine.com A recent case demonstrates the importance of carefully reading an insurance policy and ensuring that the insurance policy remains in force. Failing to do so cost Paul Wu and Wendy Wu dearly. Background The Wus purchased a house in Windsor, Ontario to serve as an investment for their future and to produce rental income. In 2002, they rented the house to a tenant. This tenancy was uneventful until the tenant began to date a certain man. At this point, garbage, including junk cars and tires, began to...
read more
Posted by Cam Paine on April 11, 2012 in Mortgage | 2 comments
By Dan Lanhardt – Scotia Bank Compliments of www.cameronpaine.com Two often confused terms in the home buying process are a mortgage loan pre-qualification and a home loan pre-approval. Even some loan officers and real estate agents will use the terms incorrectly, so here’s what you really need to know about each one. Pre-Qualification A mortgage loan pre-qualification is simply an estimate of how much house you can afford and how much money a lender would be willing to loan you. The best time to get a pre-qualification is right...
read more
Posted by Cam Paine on April 3, 2012 in Blog, Mold | 1 comment
Compliments of www.cameronpaine.com Homebuyers often have concerns about mould, but are their fears justified? Although thousands of types of mould exist, only a few are actually harmful to people. Toxic varieties, such as moulds from the genus Stachybotrys, can produce chemicals linked to various health problems including sinus infections, asthma and certain respiratory infections. However, mould must generally be present in large quantities to have a noticeable effect on most people. Mould eats wood cellulose and can potentially affect the...
read more
Posted by Cam Paine on April 3, 2012 in Moving, Selling | Comments Off on Do Your Homework When Choosing a Mover – Windsor Essex Real Estate
Compliments of www.cameronpaine.com Do your homework when choosing a mover For some consumers, the most daunting aspect of the buying or selling process is the move itself. Moving is not only labour-intensive, but it can also unleash a range of emotions at a difficult time. If the catalyst for the move is a family death, divorce or other major lifestyle change, a bad moving experience can rub salt in the wound, aggravating an already challenging situation. Many resources are available to determine whether a mover is reputable. The Canadian...
read more
Posted by Cam Paine on March 30, 2012 in Blog, Selling | 2 comments
6 Tips to a Great Home ShowingsCompliments of www.cameronpaine.comWhen it comes to showing your home to potential home buyers, you want to make sure that they are focused on the home’s potential to become theirs rather than constantly distracting them with outside issues.The following tips will help showings .Home Showing Tip #1Dont have Family and friends just hanging outWhen you decide to sell your home, you really do need to consider how you will show your home. It is definitely unsettling for home buyers to walk through a home only to...
read more
Each year Buckingham publishes a Residential Market Watch showing the statistics for all of Windsor and Essex County. While this information is helpful for an over all look of the market trends, it is also helpful to look at the area you are interested in to determine what is happening in that neighbourhood. The Windsor Essex County Association of Realtors divides the County of Essex into a number of areas. Each Area has its own distinct characteristics. Buckingham has taken the time to graph Residential Listing information for Areas 1 through 60 with historic trends. It is interesting to see the differences in changes to average sales price and listing sales ratio in each area. Each area’s growth changes at a different rate.
