Tuesday, November 29, 2011

New stores slated for Cambridge

WHAT DO YOU THINK ABOUT THIS??  SHARE YOUR THOUGHTS. 

CAMBRIDGE — New stores are proposed at both ends of Bishop Street.

A No Frills supermarket is proposed with three other stores on a vacant 2.2 hectare industrial site at the northeast corner of the Bishop and Can-Amera Parkway. It’s within walking distance of housing on the south side of Can-Amera, said officials from Paracom Properties.

A big new, two-storey Shoppers Drug Mart is proposed at the southeast corner of Bishop and King streets, where two houses, a motel and restaurant now stand. The store would replace a smaller Shoppers store in the Zehrs shopping plaza at the northeast corner of King and Bishop

The new store will bring bigger traffic problems to an already crash-prone corner, said Filomena Andrade, who owns the property next door. Waterloo Region says the area has five times the expected number of crashes, especially where the Tim Hortons is located immediately across from the proposed new Shoppers.

“This is only going to increase what is a precarious situation,” the lawyer said.

She has up to three dozen vehicles a day visit her law office on King Street, along with daily delivery vehicles. There are also three cars from upstairs tenants who have to use her driveway.

City staff opposed combining her driveway with the new development, which she said would make traffic flow safer. She said the joined driveway was opposed to protect a neighbouring heritage house.

“Safety should come first. That’s what your official plan says,” she said.

Frank Barrie, a traffic expert for Canadian Commercial said the King-Bishop area has similar collision numbers to other urban intersections across the region and the province.

The Tim Hortons is on a small site with high traffic volume. The Shoppers is “certainly not in the same league” of traffic loads, he said.

City council took no action on either of the proposals for official plan and zoning changes. City staff will collect public comment and return with recommendations to council in the new year.

via The Record

Posted via email from Selling Cambridge with Clare DeJong

Sunday, November 27, 2011

WATERLOO REGION CAN BE PROUD!

  • By Neil McDonald, Special to The Record 
  • Sat Nov 26 2011

Top employers offer engaging workplaces

Richard Epp (left) and Sheri Keffer love the open concept layout and collaborative atmosphere at the Perimeter Institute for Theoretical Physics.
Perimeter Institute Richard Epp (left) and Sheri Keffer love the open concept layout and collaborative atmosphere at the Perimeter Institute for Theoretical Physics.
Record staff

WATERLOO REGION — They’re the people who take away your garbage and recycling every week.

Or those you trust to provide insurance in case of an accident.

They might even be trying to uncover the secrets of the universe.

This year, practitioners of these seemingly unrelated pursuits can each lay claim to being among the top employers in Waterloo Region and Guelph.

For the fifth straight year, Toronto-based publisher Mediacorp Canada Inc. has announced a list of the best places to work in this area, a regional version of its annual Canada’s Top 100 Employers list, which began in 2000.

Companies are evaluated based on eight criteria: physical workplace; work atmosphere; health, financial and family benefits; vacation and time off; employee communications; performance management; training and skills development; and community involvement.

This year’s top 15 employers in Waterloo Region and Guelph are:

   Com Dev International Ltd.

   Crawford and Co. (Canada) Inc.

   Desire2Learn Inc.

   Economical Mutual Insurance Co.

   Equitable Life of Canada Inc.

   George Morris Centre for Agri-Food Research and Education

   Geosyntec Consultants International Inc.

   Gore Mutual Insurance Co.

   OpenText Corp.

   Perimeter Institute for Theoretical Physics

   Research In Motion Ltd.

   Sybase Canada Ltd

   Toyota Motor Manufacturing Canada Inc.

   University of Guelph

   Waste Management of Canada Corp.

For an eighth consecutive year, Toyota can boast inclusion on the national Top 100 list. Software company OpenText also is on the national list, for the first time. However, for the first time since 2006, RIM did not make the list of the country’s top 100 employers.

The BlackBerry maker’s status on the region’s top 15 list may raise an eyebrow in itself, given the recent layoffs at the tech giant. However, that’s simply a reflection of how quickly business fortunes can change, says Mediacorp managing editor Richard Yerema.

Employers were assessed from March 2010 to March 2011 — a period when RIM was still showing growth, Yerema said in an email. Despite its recent struggles, RIM remains “a sizeable and unique” employer in Waterloo Region and Canada, he said.

Speaking of unique, working at the “architecturally beautiful” Perimeter Institute in Waterloo is like no other job in the known universe, says Richard Epp, senior manager for scientific outreach at the globally renowned research centre.

“There’s nowhere else on the planet, I think, that has this concentration of theoretical physicists and this breadth of knowledge,” he says.

For Epp, the facility’s open concept design and multiple interaction areas flooded with natural light encourage a collaborative atmosphere. He says this allows him to talk frequently with researchers about scientific breakthroughs, knowledge he can then work into the outreach materials he creates for students, teachers and the public.

Sheri Keffer, human resources manager at the institute, is proud of the organization’s emphasis on creating a family-friendly setting.

Researchers at the Perimeter Institute come from across the globe, often on three-year post-doctoral terms, Keffer says, and they’re amazed at the company’s efforts to make them feel at home. “They say there’s nowhere else like it in the world where they get that support for their family, because anywhere else they go they’re just another employee,” she says.

At Waste Management, district operations manager Paul Smith says he’s been made to feel part of the family throughout his 24-year career there.

A number of years ago, major surgery forced Smith out of the office for six weeks. A combination of compassionate management and excellent health benefits, however, saw the company do “everything in their power to make sure that I was set up at home,” he says.

In 2006, the auto racing enthusiast received an all-expenses-paid trip to a NASCAR race in New Hampshire as a reward for good work — a trip that coincided with his 20th wedding anniversary. “That was a huge token of appreciation for me, and a recognition from the company that I’ll be forever grateful for,” Smith says.

Brad Muter, the company’s area vice-president for Eastern Canada, says Waste Management places an emphasis on promoting from within and rewarding employee service. “This company recognizes good talent and appreciates the good people that work for them, and that pat on the back on a regular basis always helps,” he says.

Driver Bruce Storer has been on the job with Waste Management since 1983 and jokes he has “garbage in my blood.” That’s not altogether untrue, given that his two sons now work for the company. Storer says he’s been treated so well that he’s never considered seeking employment elsewhere.

“I’ve enjoyed working for Waste (Management) and it’s just been an opportunity that (you say) ‘Why go anywhere else?’ I’m happy doing what I do and it’s been a most enjoyable place to work for me.”

Gore Mutual claims adviser Kayla Pereira started as a co-op student at the property and casualty insurance firm while attending Conestoga College, before being hired full-time last year. She says Gore employees are encouraged to advance in the company by following their own interests. “They don’t want you to just be stuck, they want to know that they’re hiring someone with the potential to keep growing,” she says.

Pereira says the work atmosphere at the Cambridge company has a “small community feel.” For programmer analyst Phillip Moura, the friendly tone extends to upper management. “You’re not afraid to talk to the (vice-presidents) because it’s an open-door policy — you can walk into a VP’s office and just say, ‘Hey, how’s it going’ and just chat with them if you really wanted to,” he says.

The company also offers employees a workout facility with frequent fitness classes, a benefit that associate underwriter Marilyn Jager calls a “good stress release.”

Jager notes that the company’s Gore Foundation gives back to communities where it does business. That, she says, “is a huge, huge thing for me … it makes me very proud to say that I work here.”

Since joining Waste Management in 2009, customer service representative Karen Jacobi has become part of the company’s commitment to the community. As chair of the firm’s Smile Squad social committee this year, she’s helped organize various charity initiatives, and was a company representative at a recent Random Act of Kindness Day event. She says she appreciates the opportunity to foster a sense of camaraderie both at work and in the community.

“I went to the Rangers game and our name was on the boards,” she says, “and I sat there in my Waste Management jacket and really felt a sense of pride that we’re here as a North American company but we are impacting Waterloo Region as well, and that’s really cool.”

Posted via email from Selling Cambridge with Clare DeJong

Friday, November 25, 2011

WHERE TO INVEST RIGHT NOW?

Canada_map

WITH EVERYTHING THAT IS GOING ON IN EUROPE AND EVERYTHING THAT IS GOING ON IN THE UNITED STATES, SEEMS TO ME, THE BEST PLACE TO INVEST IS RIGHT HERE AT HOME IN CANADA!

Posted via email from Selling Cambridge with Clare DeJong

GO TRAINS COMING TO KITCHENER DECEMBER 19th

By Jeff Outhit, Record staff

 

 

Kitchener Centre MPP John Milloy announces Dec. 19 launch of GO trains service to Kitchener.
TRAIN COMING: Kitchener Centre MPP John Milloy announces Dec. 19 launch of GO trains service to Kitchener.
Robert Wilson/Record staff

KITCHENER — GO Train service between Kitchener and Toronto begins Dec 19, Kitchener Centre MPP John Milloy announced Friday.

Trains will leave the Kitchener station on Victoria Street at 5:52 and 7:10 a.m. The trip will take about two hours.

Returning trains will leave Toronto at 4:45 p.m. and 5:45 p.m. The one-way fare is $14.60.

Eventually trains will relocate to a transit hub at King and Victoria streets that regional government proposes to build.

Though long desired by transit advocates and municipal politicians, the announced commuter service falls short of plans unveiled in 2009.

It provides only half the daily trains, two rather than four. It lacks a park-and-ride station proposed near Highway 7, east of Breslau. Passenger parking is limited in downtown Kitchener.

Neighbours were startled to learn that trains will park overnight in central Kitchener, idling there in the early morning while warming up. The province abandoned a costlier plan to park trains west of Kitchener in Baden.

Trains will not run on weekends.

Posted via email from Selling Cambridge with Clare DeJong

10 REASONS THE HOLIDAY SEASON IS A GREAT TIME TO SELL YOUR HOME!! (( TAG: selling, home, holidays, Christmas, friends, family, buying, real estate, Cambridge, Clare DeJong))

 
This blog is just too great not to share.  Thank you to fellow Re/Max agent Jeanna Martinez from Schertz, TX!!

10 Reasons the Holiday Season is a GREAT time to Sell your Home!

http://www.flickr.com/photos/alverson/3713181692/sizes/s/in/photostream/

Ok, you need to sell your home. You just got notice of a job transfer, you are getting married and moving to live with your new husband/wife, you just found out you are having a baby and need more space, your last child is graduating and you need less space, whatever the reason….you need to move!

http://www.flickr.com/photos/dreamsjung/3036419365/sizes/s/in/photostream/

Common sense might tell you that you should just wait until January to put your house on the market because, well quite frankly it might be kind of a pain in the rear to keep your house in “show ready” condition during the hustle and bustle of the holidays. Not to mention the extended family that will likely be traipsing through your home during the next month or two.

http://www.flickr.com/photos/martin_thomas/4229382718/sizes/s/in/photostream/

While all that may be true, I am here to tell you some really great reasons you should make the effort to put (or keep) your home on the market during the most wonderful time of the year!


1. Holiday house hunters are typically serious home buyers, they aren’t going to be looking during the holiday season unless they really want/need to buy.

2. Your home will likely feel very homey during this season (as long as you don’t go Clark Griswald on the neighborhood).

3. Showing may actually be easier than you think if you are planning on spending any time away visiting others during the holidays…your home becomes a “go and show” when you are out of town and is always show ready.

4. Many of your neighbors will be having family and friends over for parties and such…if they love the neighborhood and see your for sale sign…you might just get some interested buyers.

5. Let’s not kid…your house will smell amazing with all the pumpkin pies, sugar cookies, and breads you will be making.

6. Lots of people get Christmas bonuses and some will likely plan to use theirs as a down payment…get those folks interested now, while they have the money!

7. You don’t have to worry about any yard maintenance or up keep because your yard is likely dead, your leaves are already raked and flowers won’t be blooming for a while.

8. You can always ask Santa for a ready, willing and able buyer.

9. People are generally happy during the holiday season, happy people make happy home buyers.

10. The majority of folks will think this is a bad time to sell a home so they will take their homes off the market or wait to put them on the market….this means you will have much less competition!

http://www.flickr.com/photos/wolfsavard/3144502365/sizes/m/in/photostream/

Posted via email from Selling Cambridge with Clare DeJong

SUPPORT OUT LOCAL HOSPITAL THIS YEAR

 

Cambridge hospital getting ready for new MRI

CAMBRIDGE — Construction starts next week on the home for a $4-million MRI machine at Cambridge Memorial Hospital.

The goal is having the magnetic resonance imaging diagnostic machine peering inside patients by March 1, inside its own building.

Thursday, the hospital’s annual Trees of Caring fundraising target was announced. All money raised toward the $215,000 Christmas goal goes to the community’s cost for the new MRI. So far, about $1.4 million has been pledged or donated.

For each $10 donated to the holiday campaign, a light is illuminated on one of three trees outside the hospital’s main entrance along Coronation Boulevard.

In January, Ontario Health Minister Deb Matthews announced provincial approval of $800,000 a year to operate the machine 40 hours a week. Buying and installing the unit is up to the community.

The machine costs about $2.25 million. The other $1.75 million is needed for building renovations.

Grand River Hospital in Kitchener and Guelph General Hospital each have an MRI. A private clinic also runs one in Kitchener.

Getting an MRI in Cambridge will reduce wait times for non-emergency scans and eliminates the need to put critically-ill patients in ambulances for scans out of town, said Dr. Mitchell Abrams, radiologist.

“I think it’s really going to help the local health system, and give more accurate and timely diagnoses for patients,” said Abrams, who speaks to potential donors in the hospital foundation’s MRI campaign.

All the money doesn’t have to be in hand before the machine arrives; fundraising will continue into following years.

The MRI will get its own 1,800-square-foot building in what’s now a garden area at the front of the hospital beside the Tim Hortons, said hospital president Patrick Gaskin. Initially, the machine was going into the current X-ray department near the emergency ward, but that area is set for renovation as part of hospital expansion after 2013.

The new location means it doesn’t have to move when hospital reconstruction starts. It also gives easier access the outpatient clinic.

The MRI has roughly a 10-year lifespan, Gaskin said. Its replacement will likely go into the new hospital building planned for the parking lot beside an expanded emergency department.

via The Record

 

Posted via email from Selling Cambridge with Clare DeJong

Thursday, November 24, 2011

Credits for collecting stormwater proposed in K-W

WHAT DO YOU THINK ABOUT THIS??? 

KITCHENER — Homeowners in the Twin Cities can reduce their monthly stormwater fees by up to 45 per cent with containers to catch runoff or by helping it soak back into the ground — or both.

Under the proposed policy to qualify for the monthly-fee reduction you must have ways of holding 3,201 litres of rain water runoff collected from your property, mainly the roof of your house.

Nick Gollan, who manages Kitchener’s stormwater program, said that number was based on the best method for catching stormwater runoff from medium-sized homes — downspouts that bring the water off the roof into a cement box buried in the ground at least three metres away from the house’s foundation.

That is called an infiltration gallery and each one typically holds 4,200 litres of water.

“So we actually lowered that down to 3,200 litres just to make it more accessible to smaller properties that may not be taking as much runoff from the roof, as well as to make it available to properties that have cisterns,” Gollan said.

Cisterns are usually made of plastic and located beside a house with the downspout bringing water from the roof.

As long as the cistern and the infiltration gallery together can take up to 3,201 litres, the homeowner will qualify for the monthly credit. A rain garden — a kind of trench filled with different sizes of stone and gravel that takes the runoff from the roof — also helps reduce stormwater fees.

So does landscaping that pools the water and allows it to slowly sink into the ground or evaporate. Trees also hold water in the ground and engineers are studying how the presence of trees should impact the calculations for the monthly credit.

Property owner are free to choose any of these approaches.

“We did not want to be prescriptive in how you got up to that volume,” Gollan said. “You can do any combination of things to get up to that volume.”

The more water you capture the higher the monthly credit:

200-400 litres — one to two rain barrels or some trees — nine per cent.

401-800 litres — three to four rain barrels or small cistern — 18 per cent.

801-2000 litres — small cistern or combination cistern/rain barrels — 27 per cent.

2001-3200 litres — large cistern or cistern/rain barrel combo — 36 per cent.

3,201 litres or more — large cistern, infiltration gallery — 45 per cent.

Property owners have until Dec. 14 to provide reaction to the stormwater credit policy, which was jointly developed by the cities of Kitchener and Waterloo. You can find details of the proposed policy at Kitchener.ca/stormwatercredit or Waterloo.ca/stormwatercredit.

A public meeting was held in Kitchener Wednesday night and another will be held in Waterloo on Thursday, Dec. 1 at the Waterloo Memorial Recreation Complex, 101 Father David Bauer Dr., from 6 p.m. to 8 p.m. in the Hauser Haus.

Different rules apply to the non-residential and multi-residential properties.

Currently, a medium-sized residential property in Kitchener pays about $10 a month for the stormwater management fee. The fee is much lower in Waterloo because it decided to phase-in the fees.

The funds collected are used to dredge the collected silt from stormwater management ponds, build new ponds and install oil-grit separators at key locations in the network of storm sewers.

All of this is done to improve the quality of surface water in the two cities. Stormwater is not treated before it is released into the environment. But urban runoff picks up a long list of contaminants, including oil, metal particles, road salt, sand and fertilizers.

Stormwater that is held back in containers or rock gardens and released slowly into the environment without running over asphalt is much cleaner.

tpender@therecord.com

Posted via email from Selling Cambridge with Clare DeJong

A great way to give thanks...

 
 
...for the privileges we've got is to do important work.
Your job, your internet access, your education, your role in a civilized society... all of them are a platform, a chance to do art, a way for you to give back and to honor those that enabled you to get to this point.
For every person reading this there are a thousand people (literally a thousand) in underprivileged nations and situations that would love to have your slot. Don't waste it.

via Seth Godin

Posted via email from Selling Cambridge with Clare DeJong

Friday, November 18, 2011

"What is the home buyers plan and how does it work?"

Moving_in

 

 

"The home buyers plan is a program that allows qualified  citizens to borrow money from their RRSPs to go towards the down payment  of a new property. At this time, a Canadian resident can borrow up to  $25,000 to go towards the down payment of their residence. This can be  used towards either a used property or a new property. Once you have  taken the funds from your RRSP to be used as a deposit for a property,  you must meet certain conditions to apply and you must pay the money  back within a certain duration of time.

 


What Conditions does it take to Qualify for the Home Buyers Plan?  

 

You must be the annuitant of the RRSP in order to make the  withdrawal from the RRSP. Also, you can withdrawals from multiple RRSPs  as long as you are the annuitant on each of the RRSPs. 

 

You must also meet one of the following conditions:

 
You are looking to withdrawal the funds for the purchase or the construction of your first-time home purchase.   
You are withdrawing the funds to purchase or the construction of a home for a family member with a disability. 

 

The conditions to be considered a first-time home buyer are that you  or your spouse did not own a property that you lived in as a primary  residence for at least 4 years prior to the decision to purchase a  property. This means that if you are planning on using the home buyer  plan, then make sure you and your wife have not had a mortgage in at  least the last 4 years.

 

You must also meet all of the following conditions:

 
You must have a completed accepted purchase agreement to purchase a new, used, or construction phase property.   
You must intend to occupy the property as your principle residence. 
 Your Home Buyers Plan repayable balance as of January 1st of the year you want to make a withdrawal is at zero. 
 Neither you or your spouse owns the qualifying home at least 30 days prior to the home being sold. 
 You are considered a resident of Canada. 
 You buy or build the qualifying home before October 1st of the next year."

Posted via email from Selling Cambridge with Clare DeJong

Wednesday, November 16, 2011

A "VERY DIFFERENT" WATERLOO REGION PREDICTED

 

A “very different” Waterloo Region predicted at housing conference

Demolition work continues at King and Allen Streets in Waterloo to prepare the site for construction of the Red Condominum project. In the background on the right is the Bauer Lofts building.
rec-housing outlook-15 Demolition work continues at King and Allen Streets in Waterloo to prepare the site for construction of the Red Condominum project. In the background on the right is the Bauer Lofts building.
David Bebee/Record staff

KITCHENER — Next time you are stuck in traffic on the expressway between Waterloo and Kitchener at around 4 p.m., take a moment to imagine this: A region of nearly 730,000 people, about 240,000 more than there are today.

That’s how many people are expected to be living and driving around the region in 2031, and no matter how anyone cuts it, it will be “a very different” community than it is today, speakers at the Canada Mortgage and Housing Corporation (CMHC) housing market outlook conference said Tuesday.

Ted Tsiakopoulos, a regional economist for the housing corporation, said it is true that the world is currently in the midst of “deleveraging,” which means that people are paying down debt.

“That will translate into a slower pace of growth in jobs,” and ultimately, that does have a dampening effect on housing, he said. However, housing experts said the market for homes in Kitchener and Guelph areas should be relatively stable in 2012.

But looking into the longer term future, the picture gets interesting. “In the longer term, population growth is the most important factor for housing,” said Erica McLerie, the housing corporation’s senior market analyst for the Kitchener census metropolitan area.

More than 25,000 people will be added to the region in the next five years, she said. That translates into 13,000 new households.

For that reason, McLerie says people in this area need not worry that they won’t be able to sell their homes. Even if some baby boomers downsize, there will be enough demand, she added.

But the growth does present challenges, other speakers said.

Graham Vincent, director of transportation planning at the Region of Waterloo, said if 250,000 extra people maintain the current average of about four trips a day to go to work, go home, get groceries and take children to various places or elderly parents to the doctor, that means the region’s transportation department will have to find a way to deal with about 1 million more trips per day than there are now.

It means the region would have to build the equivalent of 25 more roads the size of Hespeler Road in Cambridge, he said.

“That would have a significant impact, particularly on residential areas,” Vincent said. Some roads, such as Westmount Road in Waterloo, might need to be widened from four lanes to six lanes, taking the sidewalks practically to the doorsteps of people. “These things would be very difficult to accommodate, so we have to find a better way to move people through the community,” he said.

That’s why the region is pursuing the light rail transit, hoping it will help reduce the number of people in cars and reduce some of that road building.

But Ian Cook, founder of Cook Homes in Waterloo, expressed skepticism that light rail transit will get the ridership the region is forecasting, or that it will drive the reurbanization of the downtown core.

People who buy homes in the downtown core now are driving to work and not taking buses, and that will most likely continue given that most new jobs won’t be downtown, he pointed out.

Those who do ride the buses now tend to be students and people on fixed incomes, and they can’t afford to buy homes downtown, he added. He fears that if enough people don’t use the new light rail transit, the cost of operating the system will go up. “Today’s debt is tomorrow’s taxes,” he said.

But Vincent said regional staff is confident of its ridership forecast. Rapid transit buses are already in high demand. With the ridership now, “we are already half way there.” Independent experts reviewed the numbers and if anything, they are “on the conservative side,” he added.

Scott Mills, a broker with Coldwell Banker Peter Benninger Realty, said the transportation will need to be coupled with many more flexible options in housing, ranging from condos to multi-generational homes that have granny flats or rental units.

Kevin Eby, director of community planning for the region, said having a light rail transit system will help foster economic growth. It will help to attract new migrants who expect it and are coming from places where using transit is the norm, he said.

He also said as baby boomers become seniors, they will want housing with transit as a means of transportation. “We are looking at very different community 30 years from now,” Eby said. “It is not going to be the community that it was in the 1990s.”

rsimone@therecord.com

Posted via email from Selling Cambridge with Clare DeJong

WORTH IT?

 

 

That's a question you hear a lot. "Was it worth it?"

Not certain what either "it" refers to, but generally we're saying, "was the destination worth the journey? Was the effort worth the reward?"

The thing about effort is that effort is its own reward if you allow it to be.

So the answer can always be "yes" if you let it.
 
via Seth Godin

Posted via email from Selling Cambridge with Clare DeJong

CAMBRIDGE SANTA CLAUS PARADE

CANADIANS ARE COMING TO TERMS WITH DEBT

Canadians are coming to terms with debt.

Some 36 per cent of homeowners say they are now fast-tracking their mortgages through lump-sum payments, increased monthly payments or by paying weekly or biweekly rather than monthly, according to an annual survey.

In other words, homeowners have heeded the words of Finance Minister Jim Flaherty who has warned that Canadians are carrying too much debt, says Jim Murphy, president of the Canadian Association of Accredited Mortgage Professionals which released its seventh annual report on mortgage debt Wednesday.

Homeowners are also looking for ways to “insulate” themselves from any possible hikes in interest rates, says the annual State of the Residential Mortgage Market report, a survey of 1,031 Canadians with mortgages.

Some 78 per cent of those who renewed or refinanced their mortgage in the past year saw a reduction in their rate. Twenty-one per cent switched to a new lender and mortgage brokers continue to grow in popularity over banks, now accounting for 27 per cent of the market, said Murphy.

Ten years ago just 5 or 6 per cent of homeowners got mortgages through brokers, once seen as lenders of last resort. Now they are seen to offer some of the best rates and flexibility, especially for young, first-time buyers.

Most dramatic over the last year has been the decline in homeowners taking equity out of their homes. Just 10 per cent of those surveyed have done an equity takeout the past 12 months, a 40 per cent drop from 2010.

Fixed rate mortgages remain the most popular (60 per cent) compared to variable rate mortgages (31 per cent.)

Some 36 per cent of homeowners say they are now fast-tracking their mortgages through lump-sum payments, increased monthly payments or by paying weekly or biweekly rather than monthly, according to an annual survey.

In other words, homeowners have heeded the words of Finance Minister Jim Flaherty who has warned that Canadians are carrying too much debt, says Jim Murphy, president of the Canadian Association of Accredited Mortgage Professionals which released its seventh annual report on mortgage debt Wednesday.

Homeowners are also looking for ways to “insulate” themselves from any possible hikes in interest rates, says the annual State of the Residential Mortgage Market report, a survey of 1,031 Canadians with mortgages.

Some 78 per cent of those who renewed or refinanced their mortgage in the past year saw a reduction in their rate. Twenty-one per cent switched to a new lender and mortgage brokers continue to grow in popularity over banks, now accounting for 27 per cent of the market, said Murphy.

Ten years ago just 5 or 6 per cent of homeowners got mortgages through brokers, once seen as lenders of last resort. Now they are seen to offer some of the best rates and flexibility, especially for young, first-time buyers.

Most dramatic over the last year has been the decline in homeowners taking equity out of their homes. Just 10 per cent of those surveyed have done an equity takeout the past 12 months, a 40 per cent drop from 2010.

Fixed rate mortgages remain the most popular (60 per cent) compared to variable rate mortgages (31 per cent.)

Posted via email from Selling Cambridge with Clare DeJong

Tuesday, November 15, 2011

EXPANSION FOR THE KITCHENER AUD

 

Council approves Aud expansion

The west entrance of Kitchener Memorial Auditorium, which could grow by 1,000 seats under a plan proposed by the Kitchener Rangers.
Aud The west entrance of Kitchener Memorial Auditorium, which could grow by 1,000 seats under a plan proposed by the Kitchener Rangers.
Peter Lee/Record staff

KITCHENER — Kitchener city councillors voted Monday to borrow $9.3 million so the Kitchener Rangers Hockey Club can add 1,000 new seats to The Aud.

The moves ends nearly three years of discussion, study and debate about whether to build a new arena or expand the current facility, and how to pay either project.

But it was not unanimous: city council split six in favour and four against.

Voting yes were councillors Bil Ioannidis, Kelly Galloway, Scott Davey, Berry Vrbanovic, Paul Singh and Mayor Carl Zehr.

Voting no were councillors John Gazzola, Zyg Jancecki, Yvonne Fernandes and Frank Etherington.

The Kitchener Rangers will repay the money, plus interest, over the next 15 years. The Rangers say they will pick up the new costs associated with the extra 1,000 seats, such as cleaning.

“It’s not really costing the taxpayers anything,” Singh said.

Construction is scheduled to being in January and the expanded Aud should be ready this time next year.

There is no plan in place on how to deal with the additional 385 vehicles that are expected at each Rangers home game, though, and that was a problem for some councillors.

The hockey club plans to run shuttle buses from downtown parking garages to The Aud.

“I think we should be solving those problems before we give the go-ahead on the loan,” Etherington said of the parking issues.

The city’s total debt will near $100 million by year’s end. When it borrows the money for the expansion of The Aud, the debt will reach nearly $110 million. City staff recommended against the move, saying it was concerned about the debt load. Staff wanted the Rangers to borrow the money, not the city.

“I find it astounding we hire financial experts to give us advice and then we ignore their advice,” Etherington said.

Zehr said concerns about the debt related to The Aud project are a red herring because the hockey club has a solid business case to repay the loan.

“It does not increase the risk to the city because of the strength of the business case,” Zehr said.

tpender@therecord.com

Posted via email from Selling Cambridge with Clare DeJong

Friday, November 11, 2011

Energy retrofit program renewed

 

The federal government has renewed the popular ecoENERGY Retrofit - Homes program. Until March 31, 2012, homeowners can receive grants up to $5,000 to make their homes more energy-efficient and save energy costs. This year’s program has two important changes. Participants must now register directly with the program before booking an evaluation. They must also provide receipts to their energy advisor at the time of the post-retrofit evaluation to confirm their eligibility for an ecoENERGY grant. Only products purchased after June 6, 2011, and installed after a pre-retrofit evaluation are eligible for a grant. Visit www.ecoaction.gc.ca/homes.

Posted via email from Selling Cambridge with Clare DeJong

Monday, November 7, 2011

November Newsletter

 

Real Estate Word -- Ho Ho Home Staging During the Holidays November 2011
Your Real Estate News


Clare DeJong
Sales Representative

Real Estate Centre Inc., Brokerage
766 Old Hespeler Rd.
Cambridge, Ontario
519-623-6200 or 1-866-623-6205
www.SellingCambridge.ca



Selling your home during the holidays requires an extra special approach. This month, we discuss how to properly stage your home so that it appears elegant and spacious.

We also offer a unique family project that will preserve memories for years to come as well as a tasty party appetizer that will wow your holiday guests!

Thanks so much for checking out this month's newsletter. Please drop me a line with any questions or comments you have -- I'd love to hear from you!

Ho Ho Home Staging During the Holidays
If your home’s on the market this holiday season, you’ll want to have a staging strategy in place. It’s critical that buyers are able to imagine themselves living in your home so keep the following tips in mind:

  1. Deck the Halls (a little) - Too many decorations will make your home appear small and cluttered. Decorating over an architectural selling feature such as a stained glass window or fireplace is a definite no-no!

  2. Curb Appeal - Forget about inflatable lawn ornaments this year! A few outside lights and a tasteful wreath on the door will elegantly accent your home. Display a few seasonal photos so buyers can see what your yard looks like in the summer.

  3. First Impressions - The buyer's first impression of your home is often formed in the foyer. Hallways are usually quite cramped so remove any unnecessary items, ensure you have adequate lighting and keep decorations to a minimum.

  4. Bows and Bells - Put away all your wrapping paper, tape and ribbons before each showing. Don’t just stuff everything in your closets though as serious buyers often peek in cupboards to see how spacious they are.

  5. Holiday Cheer - Offering seasonal treats such as apple cider and holiday cookies at showings will make your home feel warm and inviting. It may even encourage buyers to stick around a little longer!

There are pros and cons to selling your home during the holidays. Although there are fewer buyers, they're usually much more serious. You’ll also be competing with fewer homes! Just remember, buyers don’t want to be overwhelmed by decorations. If you celebrate the season with simple elegance, your home will show beautifully!

Preserve the Past with a Family Time Capsule
It's amazing how time flies! There are so many precious family memories that fade as time goes by. There is a way to turn back the clock though -- sort of. It's called a time capsule and it's a fun and easy way to relive the past!

  1. Choose a Capsule - Decide what kind of container you’re going to use. Although you have many options, a simple box decorated by your children is usually the best idea as they'll feel much more involved.

  2. Choose Your Treasure - Ask the whole family to contribute items such as photos, baby shoes, trinkets, letters, school papers, hair clippings or a stuffed animal. Mark dates and descriptions so you can easily identify items when you open the time capsule.

  3. Choose Your Spot - Once you’ve filled the capsule, seal it up tight and decide where and for how long you’re going to hide it. You'll also want to be sure that the box is well protected from the elements. It's a good idea to completely seal your time capsule in thick plastic.

There are endless ways to make a family time capsule but the most important thing to remember is to have fun as every moment is a memory making opportunity! This project is a simple, unique and effective way of preserving the past. Don't put it off though -- the key to seeing the past in the future is to start today!

Roasted Garlic Buds and Brie
It's not always easy to impress holiday guests but the delicate, mellow taste of roasted garlic paired with creamy Brie is sure to be a huge hit! Here’s all you’ll need to spread some holiday cheer:

  • 2 - 3 whole garlic bulbs
  • 1 round of Brie cheese
  • olive oil
  • red pepper jelly
  • crackers

Slice the ends off the garlic bulbs to expose the cloves and drizzle with olive oil. Wrap the cloves in foil, place on a baking sheet and bake at 375 degrees for 45 minutes. Bake the Brie for the last 10 minutes. Transfer the Brie and garlic bulbs to a platter and serve with crackers and red pepper jelly. Enjoy!



PS Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let me do the work for you! Just visit my website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home. This service is free and there's no obligation! Click here to get started.

Posted via email from Selling Cambridge with Clare DeJong

Friday, November 4, 2011

Thursday, November 3, 2011

I Myself, think this should be everyday!

 

Got a random act of kindness in mind?

WATERLOO REGION — Waterloo Region residents who welcome the end of their work week have one more reason to look forward to this Friday.

Teams of people, dubbed Kindness Krews, plan to sweep across the region to distribute free newspapers. And a caped quasi-superhero, called Kaptain Kindness, will swoop across the municipality on a mission to spread compassion.

Friday marks the Kitchener and Waterloo Community Foundation’s fourth annual Random Act of Kindness Day.

It's a day local residents are encouraged to perform a random act of kindness for family, friends, co-workers — even strangers.

In past years, some participants have bought a beverage for the person standing in line behind them at the coffee shop.

Others have delivered flowers to nursing homes.

But performing a random act of kindness can be free. It can be as simple as holding open a door, or performing a household chore for no apparent reason. The foundation's website lists 101 ways to spread kindness without dropping a dime.

The event started in Waterloo Region in 2008 and has spread to 14 other communities.

The launch for Kindness Day events throughout Woolwich Township takes place Thursday, Nov. 3 at 7 p.m. at the Dan Snyder Arena in Elmira.

On Friday, Kaptain Kindness and about 80 Kindness Krews begin their day at a 7 a.m. kick-off in the food court of Waterloo’s Conestoga Mall.

Both events are open to the public.

For details on how to get involved, call 519-725-1806, or visit http://www.kwcf.ca/buildingle/randomacto

Posted via email from Selling Cambridge with Clare DeJong

Good news for Cambridge businesses

Com Dev picks up contracts worth $20 million

CAMBRIDGE – Com Dev International Ltd. said Wednesday it has signed contracts for work on a number of satellites with a total value of more than $20 million.

The Cambridge-based satellite equipment maker did not identify the individual deals, but said in each case the awards represented repeat business from long-standing customers.

The new contracts will be included in the company’s orders for the fourth quarter of its 2011 financial year, which ended Oct. 31.

“Every division of the company won new business in the past couple of weeks, including both the equipment segment and the data services segment,” chief executive Michael Pley said in a statement.

“Orders originated from all of our major markets, and the work will be carried out at our facilities in Canada, the U.S. and Europe.”

Com Dev builds subsystems and other technology for major satellite contractors, government agencies and satellite operators.

Posted via email from Selling Cambridge with Clare DeJong

Tuesday, November 1, 2011

FLU SEASON IS HERE

The first Cambridge Flu Shot Clinic is
Wednesday, November 2/11
2 - 8pm
Newfoundland Club (Main Hall)
1500 Dunbar Road

Posted via email from Selling Cambridge with Clare DeJong