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Friday, February 11, 2011

Improving Your Home's Look and Value

 


With buyers becoming more selective when looking for a new home, sellers are finding more ways to improve their homes that will not only make them more attractive to buyers, but also provide a great return on investment.

One of the best ways to achieve this is by installing hardwood floors. Hardwood floors make a home look newer while also adding quality and character. Floors are important because they provide the first impression to buyers. It’s the first thing a buyer will typically notice, so improving the quality of your floors could mean the difference between selling your home or it staying on the market. As the popularity of hardwood floors has grown so has the number of options. People aren’t just looking for solid hardwood anymore. Pre-finished hardwood is huge, so is cork and bamboo. Even laminate continues to grow in popularity.

Before installing a new floor in your home, it’s best to know your price range and how the floor will be used.

Hardwood
Hardwood floors give a home the look of luxury and are typically found in living rooms, dining rooms and bedrooms. Historically, installing solid hardwood floors has been a time consuming task due to the necessary sanding, sealing and staining. But that no longer has to be the case as the trend has been shifting recently toward pre-finished hardwood floors that carry warranties of up to 50 years.

Bamboo
Because it’s eco-friendly and provides a handsome grain, bamboo continues to increase in popularity for homeowners looking to improve the value of their home while making it “green” at the same time. Bamboo is actually a grass which replenishes itself naturally in the wild, so by using bamboo, you preserve the habitat of endangered wildlife.

Cork
Cork flooring is another option for those who want an eco-friendly material in their home. It is durable, acoustical and an insulator making it a great option for those high traffic areas of your home. Cork is considered a green product because the same tree can be harvested numerous times.

Laminate
Because laminate is durable and low-maintenance, it’s also a good choice for those high-traffic areas in your home. They are also nice for the homeowner on a budget as these floors mimic the look of hardwood at a more reasonable price.

In this highly selective real estate market, sellers need to make a great first impression on a buyer from the moment they set foot in the home. Those who install a new floor stand a better chance at getting a buyer’s attention and sending their home’s value through the roof.





This article was provided by Lumber Liquidators. Lumber Liquidators offers a large selection of styles in hardwood, bamboo, cork and laminate in every price range.

Wednesday, February 9, 2011

Flaherty warns of even higher mortgage rates

Flaherty warns of even higher mortgage rates after this week's jump

 
 
OTTAWA - Interest rates are going up, and the federal finance minister says he expects them to rise even more.
The Royal Bank increased several of its posted and special mortgage rates on Tuesday, joining TD Bank and CIBC.
All three banks have increased the posted rate for a five-year closed mortgage by a quarter of a percentage point, to 5.44 per cent.
RBC also raised its special fixed rate offer for a five-year closed mortgage by the same percentage amount, to 4.39 per cent.
Finance Minister Jim Flaherty said he's not surprised.
"The recent increase by a couple of the banks is exactly what we expected," Flaherty told reporters in the foyer of the House of Commons.
And more increases should be coming, Flaherty predicted, since lending rates have been hovering close to historic lows.
"We're likely to see higher interest rates as we go forward because interest rates are still very low."
Flaherty commented as he denounced a Liberal opposition day motion calling on the Harper government to reverse a planned 1.5-percentage-point corporate tax cut.

posted by Allen Mayer, Broker  http://www.allenmayer.com/

Monday, February 7, 2011

TD hikes mortgage rates

TD Canada Trust announced Monday February 7.2011  they would be raising some of their fixed-term mortgage rates by as much as a quarter of a percentage point.

The five-year fixed rate mortgage, a popular choice among Canadians, increased by a quarter of a percentage point to 5.44 per cent.
The five-year special closed fixed rate also increased by 0.25 of a percentage point to 4.39 per cent.
The four-year fixed rate increased by 0.20 of a percentage point to 5.14 per cent, and the six-year fixed rate by 0.25 of a percentage point to 5.95 per cent.
All the new rates come into effect on Tuesday.
The hike comes one month after the federal government announced changes to mortgage rules.
The new rates only apply to new mortgages and renewals, and will not impact existing mortgages.
As of Monday afternoon, no other Canadian bank had announced their own hikes.

Posted by Allen Mayer, Broker     http://www.allenmayer.com/

Tuesday, February 1, 2011

Mayor Ford's Cost Cuts

What happened to Rob Ford the slasher?


Contrary to the expectation of many, including no doubt most people who voted for Rob Ford, the city will actually employ more people in the first year of Ford’s administration. After all the claims about waste at city hall and lambasting of those officials who’d allowed Toronto’s work force to balloon under David Miller, Matt Gurney and Jonathan Goldsbie ask how will Ford’s hiring of even more workers sit with the citizens?

GOLDSBIE: City press releases conclude with a paragraph of boilerplate, offering basic background information on the City of Toronto and its leadership.  As of January 5th, the text was modified to reflect Mayor Rob Ford’s particular priorities, including the self-cannibalistic pledge that “Toronto’s government is dedicated to … reducing the size and cost of government.” It’s therefore amusingly ironic that this year’s city budgets involve a net increase of 48 jobs, rather than the mass shrinkage Ford repeatedly promised during the campaign. But I’m not terribly fond of mocking him for breaking a vow that was poorly thought out in the first place; while I enjoy watching reality smash apart his dishonest rhetoric, I also believe in positive reinforcement. Capital projects such as making TTC stations accessible necessarily require hiring new people to get the job done. On the one hand, good for him for (in this narrow case) not placing ideology ahead of progress. On the other hand, wouldn’t you say that’s a rather low bar for governance?
GURNEY: I’d grant that that’s a low bar for governance, but wouldn’t grant that Ford is only reaching that unenviable target. As to the crux of the issue, while some of Ford’s all-anger/no-brains supporters might be outraged, I believe that most Ford supporters — and voters who didn’t vote for him but conceivably might — won’t be too freaked out by what is essentially a rounding error in the city’s workforce. I think the Ford team has been pretty clear that 2011 was going to be a year where not a whole lot changed while the new government got a handle on the nitty gritty details of the city’s operations. I entirely agree with something Chris Selley (who couldn’t join us today) recently said in a column: Bring in outsider auditors, get a handle on every department and agency, and go from there. That might mean that 2012 is indeed a year of painful cuts, or if a full audit dragged on, Ford might content himself with largely holding the line until ready to make big sweeping moves on staffing levels. What did catch my eye as was Doug Holyday’s comments that, having now taken office, they’re going to have to reconsider which of their promises they can follow through on. That’s pragmatic to a degree and in a sense refreshing to hear, but I was a bit unnerved to see how quickly they seemed to be backing away from major job cuts. Having an election promise arrive later than expected, that’s something the voters need to be grown up about. But a Reduce The Size Of Government Campaign can’t go back on a promise to slash the government without warranting some backlash.
GOLDSBIE: The paradox of Ford is that he ran both a Reduce The Size Of Government Campaign and a Make People Happy Campaign and didn’t quite understand that there might be a contradiction there. While some people (yourself included) are of the belief that small government is an ideal in itself, I do like to think that’s a minority opinion and that most people understand that government of a certain stature is fundamental to the quality of life we enjoy and would like to build upon. But regardless of who’s in charge, 2012 was always going to be an especially difficult budget, with the bills for a number of capital projects coming due. The solution hinted at by Councillor Doug Ford (who functions as both the de facto mayor and the de facto budget chief) seems to be the privatization of whatever assets can be legally jettisoned … but even setting aside the debate around whether that is wise or desirable, there is no reason to think that it would be anything less than extremely difficult to achieve. And that, even if achieved, it would result in any substantial savings. Every once in a while, Rob and Doug will open their mouths, and I am unnervingly reminded that they don’t understand their populist grandstanding is exactly that. Government is an infinitely more complex organism than newspapers or talk radio portray it to be, and it is resistant to easy answers. I can only hope that as the Fords gradually come to appreciate that fact, their response is not a vicious one.
GURNEY: Ford can kill two birds with one stone, since making government smaller makes his supporters happy. Nothing paradoxical about that. Further, I dispute that the “stature” of a government must be directly linked to the size of its workforce and budgets, rather than its accomplishments (or that a constantly “built upon” government will translate into improving lives for us all). The problem in Toronto has been the perception —whether accurate or not is open to debate — that despite the fact that the government and its costs to the taxpayer kept going up and up, the quality of life you speak of was not increasing accordingly, but was in fact declining. That’s where the anti-government anger comes from. People are, I think, fundamentally reconciled to paying for services or for government institutions, whether we’re talking libraries in a specific city or the nation’s armed forces. But they need to be convinced that their dollars are providing something, and it’s hard to do that while constantly asking for more without offering more in return. But I do generally agree with you that Ford, having promised both a smaller government and no reduction in services, is going to have to go with one or the other (and I suspect I know which option we’d both choose). As we’ve discussed earlier, I think you and I are in broad agreement that due to his personality, he’ll probably find that damned hard to do. Those around him in the circle of power? Less so.
GOLDSBIE: Asking for more without offering more in return? Like increasing user fees while cutting bus routes and closing a library?
GURNEY: I can only imagine the horror Ford feels at the prospect of having to make up the few dozen votes that might cost him … but probably won’t.
Published  City Hall City of  Toronto Financial Post

Posted by Allen Mayer, Broker http://www.allenmayer.com/