If we focus primarily on CREB's numbers from Aprils sales, the message can look a bit bleak. The inventory is up 32.73% year over year and sales are down -20.11% year over year compared to April of 2017. This has resulted in the absorption rate rising to 4.82 months which is territory for a buyers market. Some segments and areas of the market are seeing larger slow downs than others. The largest slow downs appear to be in the Detached Single Family Home sector, and the North, Northeast and East Districts are all experiencing the greatest declines. However, pricing remains relatively stable even with all of these factors in place.
If we want to take a larger look at what is happening in the province, there appears to be light at the end of the tunnel. The economic indicators for Alberta are showing strong signs of improvement that include Average weekly earnings rising 4.6%, the unemployment rate dropping -2.0%,and migration rising 1.4% to 4.3M across the Province. Some other encouraging news is that the Justice Minister Judy Wilson-Raybould says the federal government will intervene in the British Columbia court case over the Trans Mountain pipeline expansion project. All this in addition to a letter from the U.S. State Department stating that TransCanada plans to start preliminary work on its Keystone XL pipeline project in Montana this Fall bodes very well for Alberta.
As we continue to monitor what is happening in the Real Estate market, we wait with cautious optimism that a busy Spring Market still lies ahead of us. If we see the rental vacancy rate continue to drop due to increase migration, and increased employment and earnings rise, this will push buyers into the markets. In the mean time, it will remain ever so important to properly price homes to remain competitive in todays market
article provided by CIR Realty
IS HARDWOOD FLOORING WORTH RESTORING?
Peeling back wall-to-wall carpeting in an older home could mean discovering a precious hardwood floor just waiting to be brought back to life… or a sorry mess that’s simply not worth the trouble. Chances are good that hardwood flooring under decades-old carpet will fall somewhere between the perfect and the disastrous. So, how do you decide whether vintage hardwood flooring is worth restoring?
Let’s take a look at the factors to consider when deciding whether to restore an existing hardwood floor:
First, take a look! To see what’s under the carpet, look for a floor vent and lift it out. You will often be able to see a cross section of the floor along the edge of the vent hole. If floor vents are unavailable, you might be able to catch a glimpse of what’s under the carpet or linoleum between the ceiling joists in the basement. If the home is yours, you can grab a corner of the carpet with a pair of pliers and pull back gently. Use a butter knife to push the carpet back under the baseboard.
Take a deep breath. Unless the floor is pretty close to pristine, know that restoring older hardwood flooring is usually an expensive proposition. Then there is the issue of deeply scratched or worn boards or old glue that may have been used to fix the linoleum or carpet to the floor. These problems call for a complete deep sanding and refinishing. Make sure to check the available wear layer (the area above the tongue and groove) to make sure there is enough wood left to sand and refinish. Other issues may include rusty nails, staples and screws, and rubber residue from the carpet underlayment. If the overall condition is not too bad, then a light sanding and refinish may be all that’s needed.
Time to replace your flooring. You might find rotten, squeaking or deeply stained floorboards that will need repair or replacing. Old hardwood floors can decay and become potentially dangerous. If they have been refinished several times the wood could be compromised. In these cases it would be a good idea to consider installing new hardwood floors. This upgrade can be completed quicker than refinishing your floors in most cases and will also add value to your home.
Not sure? Take a picture. If you are able to get access to a significant amount of the hardwood flooring, take a picture and take it to a reputable flooring store or hardwood floor installation specialist for an opinion.
Need more information? Contact us and we'll connect you with the right people - like Nu-Way Floor Fashions.
Starting Vegetables From Seed - Tips
Starting Seeds Outdoors Sowing seeds directly into the garden eliminates the need to transplant. The seeds are planted directly into the rows or beds where they are to grow. Most seeds are sold as loose seeds in a paper packet and should be planted at the depth and spacing indicated on the packet. Some seeds are also sold as seed tape, which eliminates the need for spacing. Many plants must be started indoors, in order to do well in our relatively short summers. They should be planted by start dates specific to individual plants. This information can be found on individual seed packets, as well as in Gardensense in the appropriate sections.
Seed Planting Steps (Outdoors): • Plan area to be planted • Work and condition soil. • Sow seeds in individually marked rows or beds at the depth and spacing indicated. • Water in well and keep beds moist. • Plants can be fertilized with an appropriate fertilizer, such as 15-30-15, when they have two sets of leaves
Starting Seeds Indoors With Alberta’s short growing season, plants grown from seed often do not have the proper conditions to complete their cycle of growth. Many seeds get off to a better start when they are sown indoors in containers and later transplanted outdoors. Many would not have the time to flower unless planted much sooner than is possible outdoors.
Plastic flats are the perfect containers for starting seeds, but any container with adequate drainage will do. Seeds that are started in February or March will do much better growing under fluorescent lights, as day length is short and windows do not provide light over a long enough period. Those started in April and early May will generally be fine in bright, sunny windows. Some seeds need heat to germinate, some need cool; some need to be covered, and some need to be exposed to light. Experiment with likely spots in your home and remember that fluorescent lighting can be added to supplement natural light.