Barrie Home Inspector

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Month: March 2012

Canadian home sales pull back in January

Real Estate

Real Estate Sales Barrie ONOTTAWA – February 15, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity retreated in January 2012 from the strong finish reported for December 2011.

Highlights:

  • Home sales were down 4.5% from December to January.
  • Actual (not seasonally adjusted) activity came in 4.0% above levels in January 2011, and stood even with the 5 and 10 year averages for January sales.
  • The number of newly listed homes edged down 1.4% from December to January.
  • With sales down by more than new listings, the national market shifted further into balanced territory.
  • The national average home price was up less than 2% year-over-year in January, ranking it among the smallest increases of the past year.

Sales activity recorded through the MLS® Systems of real estate Boards and Associations in Canada fell 4.5 per cent from December 2011 to January 2012. This marks the first monthly decline in national activity since August 2011 and the biggest monthly decline since July 2010. The monthly decline reversed a string of monthly increases over the closing months of last year, and returned national activity to where it stood at the end of the third quarter of 2011.

“The national housing market is stabilizing and remains well balanced,” said Gary Morse, CREA’s President. “That said, forecasts for economic and job growth going forward vary widely for different parts of the country, suggesting a possible continuation of a softening trend in some markets, as well as the potential that demand will pick up based on strong fundamentals in others. All real estate is local, so talk to your local REALTOR® to understand how price trends in your neighbourhood are shaping up.”

Activity was down in over half of all local markets in January from the previous month. Led by declines in Greater Toronto and Montréal, demand also softened in a number of other major urban centres including the Fraser Valley, Calgary, Edmonton, Winnipeg, Ottawa, and Greater Vancouver.

Actual (not seasonally adjusted) national sales activity was up four per cent from year-ago levels in January, the smallest year-over-year increase since last May. As was the case in a number of months last year, actual sales in January 2012 stood close to the five and ten year average for the month.

The number of newly listed homes edged down 1.4 per cent on a month-over-month basis in January following a 2.9 per cent increase in December. The monthly decline in new supply reflects a drop in new listings in a number of Canada’s largest urban centres, which offset a jump in new listings in Vancouver.

Sales fell in January shifting the national market back towards the mid-point of balanced territory and reversing the recent trend which had seen the market becoming tighter over the final four months of 2011. The national sales-to-new listings ratio, a measure of market balance, stood at 53.8 per cent in January, down from 55.5 per cent in December and 55.4 per cent in November.

Based on a sales-to-new listings ratio of between 40 to 60 per cent, 60 per cent of local markets were balanced in January. Compared to December, there were fewer buyers’ and sellers’ markets, and a greater number of balanced markets.

The number of months of inventory stood at six months at the end of January on a national basis, up from 5.7 months in December 2011 and returning it to where it stood in October 2011. The number of months of inventory represents the number of months it would take to sell current inventories at the current rate of sales activity, and is another measure of the balance between housing supply and demand.

The actual (not seasonally adjusted) national average price for homes sold in January 2012 was $348,178, representing an increase of 1.2 per cent from its year-ago level. This ranks among the smallest increases since late 2010.

On a seasonally adjusted basis, the national average home price rose 1.6 per cent on a month-over-month basis, marking a rebound from a decline of similar magnitude in December. This pattern mirrors the one playing out in the newly-launched MLS® Home Price Index (HPI), published on February 6.

“Year-over-year comparisons in the national average price are expected to become volatile and may turn negative, reflecting average price developments in the first half of 2011 in Vancouver,” said Gregory Klump, CREA’s Chief Economist. “At that time, high-end home sales in Vancouver’s priciest neighbourhoods surged to all-time record levels, which skewed the national average price upward considerably. A replay of this phenomenon is not expected this year. As a result, comparisons for national average price to year-ago levels over the coming months will reflect an upwardly skewed base effect. For this reason, year-over-year comparisons should be kept in perspective. Developments in the MLS® HPI will provide important guidance on price trends, since it is not affected by the problem of compositional shifts in the mix of sales activity.”

The MLS® HPI also takes into account the contributions toward the price of a home made by a broad range of quantitative and qualitative housing features, allowing it to track Canadian home price trends better than any other measure.

PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales information from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas.

Statistical information contained in this report includes all housing types.

MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 100,000 REALTORS® working through more than 100 real estate Boards and Associations.

Further information can be found at http://www.crea.ca/public/news_stats/media.htm.

Sleeping Patterns of the Elderly

Personal Interest

Sleeping Patterns of the Elderly. Many elderly people complain about getting less sleep.  We think this is related to getting older. While it’s a common belief that getting older means less sleep and more fatigue, a new study suggests that older adults may actually enjoy better sleep than their younger counterparts.

Researchers conducted phone surveys of more than 150,000 Americans and found that people in their 80s had the fewest complaints about sleep disturbances and daytime fatigue compared to other age groups. The study appears in the March edition of the journal Sleep.

Some sleep specialists think we have got to get away from all these myths about ageing – many people are very content with their sleep.” However, he said that asking people for their subjective opinion about sleep patterns could produce answers that were dependent on their mood at the time. “If you are angry because your boss didn”t give you a pay rise, your perception of sleep quality may be very different from someone who is feeling generally content.

It’s not clear why older people reported fewer sleep disturbances and tiredness, the authors said. It could be that older people have more control over sleep duration while younger people experience more stressors (jobs, kids, socializing) that interfere with sleep. It’s also possible that older people are just more accepting of sleep quality and don’t complain about it as much.

As we age, our bodies secrete less of two important sleep hormones: melatonin and growth hormone. Melatonin is important because changes in the level of this hormone control our sleep cycle. With less melatonin, many older adults feel sleepy in the early evening and wake up in the early morning. They also may have more trouble falling asleep. Growth hormone is what makes children sleep so deeply. As we age, our body secretes less of this hormone and deep sleep becomes more difficult.

Sunlight helps your body to produce melatonin, which regulates your sleep cycle. Try to get at least two hours of exposure to bright light each day. If it is difficult for you to get outside, consider using a full-spectrum light indoors.  Using alcohol, nicotine or caffeine can also affect your sleep patterns.

Regular exercise and healthy eating habits could be all that is required to make your dreams come true for your next evening sleep.  Adopting a more active lifestyle can make the world of difference in most elderly peoples lives.  Always consult with your doctor before starting an exercise program or changing your diet.

Government Trying to Infringe On Our Privacy

Personal Interest

Government Trying to Infringe On Our Privacy.  A majority of Canadians think that the Conservatives’ proposed online surveillance Bill C-30 is too intrusive and should be defeated, according to a poll by Angus-Reid. The poll, conducted February 23-24 and surveying 1,011 respondents on the polling firm’s online panel, found 53 per cent of Canadians believe the bill is too intrusive, compared to only 27 per cent who believe the it is necessary to fight online criminal activity.

The Privacy International investigation revealed that surveillance companies commonly promote virtually unlimited monitoring capabilities to governments and police agencies. For example, Italian-based Innova offers “solutions for the interception of any kind of protocols and IP-based communication, such as web browsing, email and web-mails, social networks, peer-to-peer communication, chat and videochat.”

“The government has a voracious appetite for our private information. Now, with electronic records, we do that by linking electronic databases without ever creating the actual, old file. It’s all already there,” said Micheal Vonn, policy director with the B.C. Civil Liberties Association.

Section 33 tells us that, ‘The Minister may designate persons or classes of persons as inspectors for the purposes of the administration and enforcement of this Act.’..Section 34 spells out the sweeping powers of these “inspectors.” And, if they sound Orwellian, welcome to the world of Section 34.

The inspectors may “enter any place owned by, or under the control of, any telecommunications service provider in which the inspector has reasonable grounds to believe there is any document, information, transmission apparatus, telecommunications facility or any other thing to which this Act applies.” And, once he or she is in, anything goes. The inspector, says the bill, may “examine any document, information or thing found in the place and open or cause to be opened any container or other thing.” He or she may also “use, or cause to be used, any computer system in the place to search and examine any information contained in or available to the system.”

There is an inherent lack of transparency in this bill that extends way beyond what the government is telling us, are you surprised? Included in this bill is the fact that, by default everyone has the right to ask any company that is subject to the law what information they have about him or her, how they’ve used it and to whom they’ve disclosed it. That is, unless that right is overridden by Section 9. Section 23 of C-30 essentially says that any personal information that is handed over without a warrant under the lawful access law has to be treated in the same way under PIPEDA as information disclosed in response to a law enforcement request. Here’s where the gag order kicks in. If the person exercises his lawful right to seek his or her personal information and accounting of its use, the ISP is prohibited from telling him or her unless the police, national security agencies or competition cops give their OK. And they can refuse to give their OK on a number of relatively flexible bases.

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