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Upgrades That Hold Their Value

Fri, 15 May by chadtameling

Upgrades That Hold Their Value

Do you have a renovation project in mind – and wonder how much value it
will add to your home? Remodeling Magazine recently did a study of
renovation projects, comparing costs to added value. Here are some of the
Replacing a main entry door has a return on investment of over 95%. After
all, the entrance to a home is one of the first things a prospective buyer
Adding a new deck also adds a lot of value. Depending on the materials
used, you can expect to get back three-quarters of the money invested.
Another high-payback project is the garage door. This once again
demonstrates the importance of a home’s “curb appeal.”
If you’re tackling a big project, such as a basement renovation, you’ll be
glad to know that, according to the study, a project like this adds a lot of
Finally, minor improvements to bathrooms and kitchens – such as adding
new countertops or cupboards, can also be good investments that mostly
pay back when you sell your home.
Of course, these figures are averages and can vary widely depending on
location, type of property, and other factors.
Need help determining how a particular home improvement might impact
the selling price? Call Chad today, 306-737-1211 or if you are just interested in finding how much your home is currently worth please visit me website.

New Coffee Shop – Lakeview

Tue, 05 May by chadtameling

Looks like there is a new coffee shop in town at the Hill Ave mall in Lakeview. The Hill Caffe.

The Hill Caffe

New Listings in Regina for July

Fri, 22 Aug by chadtameling

CTV Regina
Published Friday, August 15, 2014 10:33AM CST

A new report shows Regina had the biggest increase in new listings among Canada’s major real estate markets in July.

The Canadian Real Estate Association says there were 782 new residential listings in the city last month, an increase of 19.8 per cent from June. On a year-over-year basis, new residential listings in Regina were up 24.5 per cent.

Both of those figures represent the largest increase among Canada’s major real estate markets.

The seasonally adjusted average sale price for homes in the city was $323,268, up 6.6 per cent from the previous month.

According to the Regina Association of Realtors, residential listings were on the market for an average of 40 days before selling, compared to 29 days a year earlier.

“We expect that local economic activity will continue to support steady demand for housing for the remainder of the year,” association executive director Gord Archibald said in a news release.

“The real question is whether the increase in the inventory of listings will continue to grow from this point on.”

Read more:

Regina housing starts best in 30 years

Mon, 20 Feb by chadtameling

Posted: February 8, 2012

Driven largely by the boom in multi-family construction, housing starts in the Regina area reached 277 units in January, more than double the 127 starts during the same period last year, Canada Mortgage and Housing Corporation (CMHC) said in its monthly survey of residential construction Wednesday,”

“It’s the strongest start to the year since 1982,’’ said Michael Fabiyi, CMHC’s senior market analyst in Saskatchewan. “It sets us up quite nicely and fits into (CMHC’s) expectations for the year.”

CMHC is forecasting an increase in multiple-unit housing starts in 2012 following a strong year in 2011. “Last year, we had 736 multi-family starts in Regina. Our expectations are to improve on that (in 2012).”

In the Saskatoon area, home builders started 177 housing units in January, up from 120 units a year prior, CMHC said.

Regina’s builders started work on 57 single-detached homes in January, up eight per cent from 53 units in 2011. Multi-family starts, which consist of semi-detached units, rows, and apartments, recorded the largest improvement over the previous year.

Multi-family starts totalled 220 units in January, a nearly threefold increase from the same period in 2011 when builders started 74 units.

Meanwhile in Saskatoon, local builders poured foundations for 105 single-detached homes in January, a 31-per-cent increase from the previous year when 80 single-detached units were started. Multi-family starts also increased, as area builders started 72 units in January, compared to 40 units in January 2011.

The province’s strong economy is reflected in the heightened pace of starts in both Regina and Saskatoon, he added. Regina had an increase of 118.1 per cent, while Saskatoon had a 47.5 per cent increase over the same period.

Saskatchewan’s housing market continued at a record pace in January, as urban housing starts were up 70.8 per cent in January compared to last January 2011. The 473 total housing starts was a record for the month of January.

Single-family dwellings were up by 20.8 per cent in January over January 2011, while multiple unit starts increased by 124.8 per cent.

Nationally, housing starts weakened in January as construction of multiple-unit homes declined, the federal agency said.

“The slight decrease posted in January was attributable to a decrease in Quebec and in Atlantic Canada,” said Mathieu Laberge, CMHC’s deputy chief economist. “The multiple starts segment accounted for most of the reduction in those two regions.”

Urban construction fell by 2.8 per cent to 176,600 units in January, with single-unit starts down 7.8 per cent to 64,900 units, while multi-unit starts edged up 0.4 per cent to 111,700 units.

Urban starts dropped by 35.4 per cent in Atlantic Canada, and by 34.4 per cent in Quebec, while construction in British Columbia rose by 28 per cent and by 11.1 per cent in Ontario, while starts in the Prairies were up 2.3 per cent.

Meanwhile, rural housing starts rose at a rate of 21,300 units in January from 18,300 the previous month.

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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Association of Regina REALTORS® Inc.. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.