Wednesday, 16 April 2014

WIDREB numbers not quite a home run in first quarter

2014 starts out better than 2009, but trails 2013
By Mark Schadenberg
Making a comparison of real estate sales to the long 162-game schedule in Major League Baseball, you can easily say that the WIDREB sales stats still have lots of time to catch up to the 2013 final total.
You don't win the American League East in April and May, but can you fall out of contention?
The season (year) is only one-quarter (three months) completed and the Woodstock - Ingersoll district real estate board, which I have been a member of for more than 15 seasons (years), is lagging behind numbers of 2013 and is significantly behind the 3-month production of the years 2011, 2010, 2007, 2006 and 2004, as is depicted here.
Year     March Sales      Jan-Feb-Mar Total
2014       92                        204
2013       94                        272
2012    107                        253
2011    124                        288
2010    136                        285
2009      71                        165 (Correct)
2008    101                        264
2007    114                        313 (Correct)
2006    131                        293
2005    109                        277
2004    137                        298
Looking back maybe 4 entries here to quotable quotes from Royal LePage president and CEO Phil Soper in an earlier blog, all Realtors are still optimistic that 2014 will be a strong year with melting snow, we know the spring market will soon arrive if full force.
It does become more important that you as a buyer or seller confirm to working with someone like myself – a full-time Realtor as we currently have a low number of listings and you don't want to miss out on your best opportunity. I'm not one to extol the number of new listings as being the truth from the old testament of Noah (or Jonah and the whale) as many expired listings are simply re-listed as if they are new to the market. The inventory, however, is low when looking back to April of previous years.

Average Sale Price
The average sales price in WIDREB has moved up to $233,705 in March of 2014, compared to $224,891 last year, but only a rather modest upswing since March of 2007 at $211,699. I still firmly believe it's the increase in lot prices for new construction and the cost of building materials that drives that average upward.

Changes On Horizon
Questions on the horizon for market activity include the increase in CMHC insurance percentages on high-ratio mortgages (less than 20% down payment). For example, if you have just 5% down, your insurance total will (after May 1) be calculated at 3.15% of your total mortgage, up from 2.75. Therefore, the CMHC fee on a $200,000 loan will rise from $5,500 to to $6,300, which is about $6 per month over a 25-year amortization, but it does make a difference.
A story in the Globe And Mail national newspaper also states that the banking watchdogs will be watching both the lending institutions and CMHC (along with Genworth and Canada Guaranty) as to qualifying buyers. The Office of the Superintendent of Financial Institutions, is set to react to the viewpoints of the 3 insurance firms based on their specific rules for underwriting mortgages. The deadline for their (three insurance companies) comment is May 23.
My only difficulty in any of these changes is that the banks know they take a risk with each new mortgage by a first-time buyer, but these lending institutions must also be confident the homes are worth their 'purchase price' by conducting appraisals on a higher percentage of high-ratio home-buying deals.

GLOBE AND MAIL Link:
http://www.theglobeandmail.com/report-on-business/economy/housing/regulator-lays-groundwork-for-new-mortgage-rules/article17956314/


Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

Discussion . . . Direction . . . Determination . . . Destination

Saturday, 12 April 2014

Woodstock could look at new Paris outdoor swimming pool

Paris pool two-phase project approaches completion
Sierra Construction from Woodstock builds new changeroom structure
By Mark Schadenberg
PARIS – As a long-time member of the Woodstock Recreation Advisory Committee, I read this story with interest as our city will soon have to replace the 65-year-old (approximately) Lions Pool on VanSittart Avenue.
For several years, the outdoor in-ground Lions Pool has been held together with duct tape and ingenuity, but just down the road in Brant County, the town of Paris is preparing to debut its brand new pool complex, which was re-built in two stages.
The total price tag was $1.6 million.
State-of-the-art features include a heating system that can rely upon solar energy. (See: Picture below from about 4 weeks ago)
Interesting to note that Sierra Construction (www.sierraconstruction.ca) of Woodstock is the main contractor for the building (dressing rooms, etc) itself.
Dollars have been donated to a fundraising committee (www.parispool.ca) and continue to be donated to fully complete this project.
The latest Brantford Expositor story, which was published last month, noted that the dreadful winter we had in southern Ontario caused delays, which in-turn resulted in a race against the clock for government funding timetables.
The key to the pool's design is that there is a ground-level entry point for toddlers and physically challenged to use – as if you're at a beach.

LINKS

2012 Story:
PARIS - After four hot summers without an outdoor pool, Brant County swimmers will be able to cool off this weekend in the new Paris Community Pool.
The $1.6-million pool opens on Canada Day.
On Friday, a group, including Brant politicians and members of the media, toured the facility.
"We are very excited," said Coun. Shirley Simons, who chairs the pool's building committee. "This is a very nice moment in the county. It turned out beautiful. I am thrilled."
The new pool replaces one that had been used for 54 years and closed in 2008 when it was discovered that it had a significant leaking problem.
The new pool is 35% bigger, has four 25-metre swimming lanes, an improved design for swimming lessons and a new mechanical building that will serve both the pool and adjoining splash pad.
The pool now will accommodate a maximum of 240 patrons, up from 175.
Other features include beachfront entry accessible to all, a tots' play area, diving board and slide, a sun shelter and sitting area.
The modern mechanical building includes a machine that automatically feeds chemicals into the pool, and a system that conserves heat and reduces energy costs.
Meanwhile, Simons said a $500,000 fundraising campaign is underway to help pay for the project. Letters have gone out to local businesses asking for contributions. Simons said about $40,000 has been collected over the past few months.
"I'm confident we're going to come close," Simons said of the fundraising goal. "There are a lot of businesses that are excited about this."
Stacey Ellins, recreation co-ordinator for Brant County, said pool staff worked hard to give a facelift to the 55-year-old building that houses the change rooms and pool office. The hope is that the building can be replaced sometime in the future.

AUGUST 2013 Story:
The second and final phase of the Paris Community Pool's complete renewal has received nearly unanimous approval from County of Brant council members.
Council voted 9-1 in favour of approving a recommendation from the community services department to accept a $1-million bid from by Sierra Construction Ltd. of Woodstock.
Sierra will be constructing a new main building, including public washrooms, change rooms, an accessible family change room, a front-end addition for a more accessible and efficient staff office, additional storage space for program and facility supplies, non-slip flooring and more accessible features.
A staff report said the county has worked with Sierra successfully on several other projects.
The last pool at the site in Lions Park was shut down in 2008 for safety reasons.
Paris Community Pool building committee chair and Ward 2 councillor Shirley Simons was excited to report that the project would move ahead immediately now that it has been approved.
"We got the pool approved," she said outside the municipal offices in Paris on Wednesday. "I'm very pleased."
Sierra beat out only one other qualified, but higher bid from STM Construction of $1.5 million. Five others were submitted, but failed to enclose a "bid security" in the form of a certified cheque.
Nearly half of the building costs will be covered by a federal Community Infrastructure Improvement Fund (CIIF) grant of $475,000, but Simons said the work must be completed by the end of March 2014 to ensure the funding comes through.
The pool building committee is also waiting to hear if a provincial Trillium Foundation grant of $125,000 and an Agri-Spirit grant of $10,000 will become realities. Simons said the news is for both grants is expected in November.
If the committee is successful in securing the Trillium grant, $14,000 will be added to the budget for the construction of accessibility components necessary to quality for the grant.
Less than $400,000 of the project cost will be financed through long-term debt at a low interest rate, according to Simons.
Sierra's original bid was $1,162,305, but county staff found cost savings by eliminating the built-in bench along the covered entry walkway, making the main gate chain link instead of galvanized steel grating, using laminated glass for the windows instead of tempered glass with safety film, eliminating a pipe chase and changing the plumbing to approved polyethylene instead of copper and cast iron.
The Paris Pool fundraising committee of residents working with the building committee have raised $62,000 of their $250,000 goal for the new building.
To volunteer or or donate to the pool, call Thecla Ross at 519-774-2050.
Pledge cards for the pool project can be picked up at any County of Brant office and at the Brant Sports Complex on Rest Acres Road in Paris.

Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage

Discussion . . . Direction . . . Determination . . . Destination

Friday, 11 April 2014

Should these London buildings stay or should they go?

Banks of the Thames to witness major re-development
By Mark Schadenberg

LONDON -- The South Street campus hospital (London Health Sciences Centre – LHSC) in London was built along the Thames River and certainly features some unique local architecture, but why at the 11th hour is there some thought that maybe some additional buildings should be restored and / or renovated for another (re-focused) use?
The city council in London has been debating for years about a re-development of this shoreline parcel, not a refurbishment of four buildings.
One building in particular dates back to 1899. City council does think the War Memorial Children's Hospital (pictured below) should remain, but what about an old nurses' residence?
Read the London Free Press links below, but I have followed this story for quite some time and was originally intrigued by the fact some developers had (exciting and future) plans for property they didn't even own. Who was going to expropriate property from those proprietors? That's a slightly different topic, I realize.
Countless public meetings have taken place (particular designed for the neighbourhood residents), plus a final open house day for past patients to patiently wait in line to tour the old structure. Naturally, people are used to waiting in a hospital anyway.
The demolition costs are being paid by the province, (LHSC), and the City of London, and will hover around $15 million as a wrecking ball hovers to swing through medical history of bricks and mortar.
I don't live in London, but rather did witness the quick remediation and demolition of the olde Woodstock General Hospital in the past two years after The Friendly City finally opened its impressive new medical centre on Juliana Drive.
Progress is important, but so is nostalgia. I have often written about Woodstock's great historical buildings (courthouse, old post office is now city hall, old city hall is now museum, old market building is a theatrical stage, the Armouries is a BDO accounting office, and old jail is home to the board of health), but we too have lost our share such as the former Woodstock College on the site of CASS high school. 
As for London, I truly list the Normal School in London's Wortley Village neighbourhood as one of my favourite Forest City landmarks.
The banks of the Thames River - in what is described as London's SoHo – could be transformed into another central focal point for London. In other words, more residential, offices and commercial reasons to strengthen the fabric of the heart of London and its Thames River roots.
When I attend London Knights games, I often park near the forks of the Thames and I believe Labatt Memorial Park for baseball is an absolute treasure to preserve and enjoy, but it too has witnessed many renovations.
If you read the LFP stories and other links, it would appear many London city planners are pondering the idea of keeping even more buildings around South, Colborne and Waterloo streets.

Jonathan Sher of the LFP wrote:
Council has approved that approach for the Colborne building and the War Memorial Children’s Hospital.
This spring staff will ask that council do the same for the old medical school and nurses’ residence.

Tough decisions to be made, but I thought the final decisions had been made. It truly will be interesting to see the evolution of this particular district of London. It would appear there will be a distinct flavour of yester-year mixed in with the newness of today.

FREE PRESS Link:

METRO NEWS Link:

LHSC Press Release:

Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

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Monday, 7 April 2014

Rochdale name becomes FirstOntario credit union this week

Local financial institution began in 1942
Massive technology (bank accounts, computer systems) turnover to take place this weekend

By Mark Schadenberg
Not that I would know, but all good pre-nuptial agreements take time to iron out the details. You know, like who is going to do the ironing and who is going to balance the cheque book.
Even though a Woodstock Sentinel-Review story last August noted that the Woodstock-based Rochdale Credit Union (www.rcu.com) was to be assimilated by FirstOntario Credit Union (www.firstontariocu.com) by the end of 2013, it appears the evolution is taking place now.
The story below describes the wealth power of First Ontario as compared to Rochdale. The local credit union was founded in 1942 and has over 6,000 members in Woodstock, Ingersoll, Norwich and Brantford.
FirstOntario is several multiples larger with more than 100,000 members.
This weekend – April 11-13 is the time frame for the complete technology switch to FirstOntario for soon-to-be 'former' Rochdale clientele
 There is a PDF link below that outlines the time frames, but essentially the branches will be closed and the letter to clients/members clearly states that membership needing use of an ATM, for example, must do so by 6 p.m. On Friday, April 11.
It's an end of an era. I remember in high school that Rochdale was my 'bank' and my branch was in the first block of Dundas east of VanSittart, right around 365 Dundas. It was a convenient location as I lived on Oxford Street, went to WCI, and was a regular across the street from Rochdale at Mel's Fish & Chips.
I'm sure this transition has been top-of-mind for current Rochdale customers, but it's been rather quiet in the local press.
Oxford's Rochdale locations:
Woodstock – 943 Dundas Street • Woodstock, Ontario N4S 1H2 • 519.539.4813
Ingersoll – 108 Thames Street South • Ingersoll, Ontario N5C 2T4 • 519.485.1270
Norwich – 48 Main Street West • Norwich, Ontario N0J 1P0 • 519.863.3401

August, 2013 Sentinel-Review Story
Rochdale Credit Union and FirstOntario Credit Union are working toward merging their operations by the end of 2013.
“A memorandum of understanding has been signed by both credit unions,” said Kelly McGriffin, president and CEO of FirstOntario, about the proposal that was announced in a press release on August 12. “We are looking forward to this opportunity to expand our presence within the Oxford and Brant regions and welcome Rochdale's members to the FirstOntario family.”
The financial institutions' boards of directors have approved the transaction subject to finalizing due diligence activities and approval by Rochdale's membership in the fall.
The deal would see all Rochdale and FirstOntario branches remain open, operating under the FirstOntario Credit Union banner.
The organizations said no job cuts are planned as a result of the merger.
Managing funds of about $4 billion, the combined organization would serve approximately 100,000 members through 27 branch offices.
“Rochdale and FirstOntario have already been working together cooperatively for a number of years and it is through these interactions that we found a striking similarity in our cultures and approach to member service,” said Nigel Millington, CEO of Rochdale Credit Union. “As we continued to cooperate, we also identified a wide range of areas where combining our services would be a significant benefit to all members leading to formal discussions about a potential merger.”
Once the merger is complete, FirstOntario will be one of the largest credit unions in Ontario, Millington said.
“It'll be in the top three or four in the province,” he said.
Carey Smith, FirstOntario board chair, said both organizations have a people first culture and are focused on providing exceptional member experience.
“We take our social responsibility seriously and are dedicated to supporting organizations within our local communities,” Smith said. “Both credit unions see that combining our operations will afford our members an increased branch and bank machine network, access to more financial products and enhanced services.”
Founded in 1942, Rochdale Credit Union has about $190 million in funds under management and serves 6,500 members at branches in Woodstock, Ingersoll, Norwich and Brantford.
FirstOntario Credit Union manages more than $3.6 billion in funds and serves about 90,000 members at 23 branches in 13 communities in Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford.
“Both organizations share strong core values that focus on member and community service and will be strengthened by this combination,” said Jake Feyen, Rochdale board chair.


Links to a FirstOntario PDF statement:

Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

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Stage your home for best first impressions

Sparkle and shine, tidy and tasteful, organized and impressive

By Mark Schadenberg
There are exceptions to many rules, but to have an accepted offer on your home in a reasonable timetable requires the seller not to rule out any of the suggestions in the below linked story about home staging.
You want your home to sell; make it look exceptional.
First impressions are extremely important, so you must cut your grass and pull weeds – impress your prospects.
The story below from the HGTV website truly does depict an extensive checklist to accomplish.
Rooms that require painting, should be painted and painted well. If you're like me and you're only proficient with a roller than hire a pro to paint as there is nothing worse than new paint on door knobs, ceilings, carpet, switch plates and natural wood trim.
You would be surprised how many homes I've toured through with other agents (Wednesday morning MLS day locally) and noticed how many houses were simply not ready for showings. A house should be more than just 'tidy'.
Some folks thinks it's a good idea to stuff extra belongings in a closet before showings. I tell my clients during viewings to peek into every closet because you want to know how much storage there is, and in bedrooms whether or not there is a walk-in closet.
The topic in the link called 'Appeal To The Senses' can be both bad and good advice. In my opinion, it's good to bake cookies, but it's not good to have too many candles burning as prospects do think you might be hiding bad smells like mustiness, smokers or a feline.

Anyway, there is lots of good advice and some you should take with a grain of salt. However, don't leave grains of salt on your countertops as your home (especially mirrors and windows) must shine to optimize impressions.



Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

Discussion . . . Direction . . . Determination . . . Destination

Learn lots about Relay For Life at a Captain's Night meeting

Captain's Night meetings are April 8 and May 14

Read about team activities planned for Relay For Life event, plus many notes on fundraising opportunities leading up to June 13 
Among the agenda items at the two Captain's Nights will be the many all-night activities planned to keep all participants involved in Relay For Life.
The Canadian Cancer Society's major fundraiser is June 13-14 at CASS, but the organizing committee has Captain's Nights meetings set for April 8 and May 14, both at 6:30 p.m., at Fanshawe College on Finkle Street.
“It's out goal to have every participant up, engaged, and involved all night. “says Sandy Smith one of three co-chairs along with Deb Moss and Bob Axon.
The plan is to have various activities scheduled between 11 p.m. and 5 a.m., and to have teams helping to organize events / games to assist in keeping up the energy for the entire 12-hour fundraiser. Ranging from scavenger hunts and creating words with earned scrabble tiles, the Relay For Life committee believes the participants will stay “engaged” for the entire evening.
Other reasons for team captains to attend the Captain's Night meetings is to pick up their team kit, select their campsite, learn about fundraising and recruitment, and book their bank night time. Speakers for the first Captain's Night include Lori Husk and Bob Axon.
Organizers note or wish that this could also be the year to expand horizons for some people, who decide to create their own teams after previously joining an established team.
As of last Friday, Woodstock's Relay For Life had 33 teams signed up.
“That's a good number because in past years most of the teams registered in April and into early May,” said Tracy Bucholtz, fundraising coordinator at the Oxford community office for CCS.
Axon's sponsorship sub-committee reports good news with the addition of two upgraded sponsors in Hunt Homes and BDO accountants, plus the previously announced 'event sponsor' thanks to $7,000 received from Western General insurance. Axon added that it's the Jamieson-Hilts Insurance contribution which is directed toward paying for the Harvard Association's flyover during the opening ceremony at 7 p.m.
Overall, the sponsorship committee has raised $36,000 already this year versus the $26,000 collected in 2012.
“We continue to maintain our growth over the past two years,” added Axon.
In an on-going effort to make Relay For Life a family event, it has also been confirmed that Home Depot will again sponsor the children's activity tent.
Armor Audio is set to return as sound system coordinators and Heart FM personality Dan Henry returns as master of ceremonies.
FUN on May 10
The annual FUNdraiser Day has been successful as a co-op for teams to join forces to raise money on the weekend of Mother's Day – Saturday, May 10, 8 a.m. - 2 p.m. in the Foodland parking lot on Dundas Street. Your team can confirm its participation and what it is selling by contacting Liz Wismer at Heart FM (liz@1047.ca) The FUNdraiser list of possible activities includes garage sale items, barbecue, bake sales, popcorn, t-shirts, children's games, face painting, homemade crafts (woodworking, knitting, etc.), and selling flowers and plants.
If you're considering volunteering with Relay For Life, especially if you would be new to the group's list, contact Tracy Bucholtz at CCS at (519) 537-5592 or event volunteer coordinator Janet Bragg at janet@goodbeginningsday.com.

Relay For Life
Celebrate . . . Remember . . . Fight Back

APRIL NEWSLETTER


CONTACTS:
Sandy Smith
Relay For Life co-chair
(519) 456-5270
Bob Axon
Sponsorship committee and co-chair
(519) 421-0806
Deb Moss
Relay For Life co-chair
Email: mmoss905@rogers.com

(519) 539-2288

Friday, 4 April 2014

Royal LePage president presented 2013 sales award to me and others

Seeing, hearing Soper was super

By Mark Schadenberg

LONDON – Last week, the president gave me a certificate to recognize my sales accomplishments of 2013.
The president and CEO of Royal LePage is Phil Soper and his visit to London to meet with about 150 Royal LePage Triland sales representatives (London, Woodstock, St Thomas, Ingersoll and all points in-between) encompassed checking out the amount of snow still present in southern Ontario on March 28, to smile for pictures with the sales force and their respective wall plaques, to enjoy a great lunch with the best mushroom ravioli I have ever enjoyed - and not necessarily in this order - deliver a state of the union address.
Sales numbers were quite cold for the first two months of 2014 across the country as buyers and sellers had buried themselves in snow.
Soper's post-lunch podium predictions were both motivational and informative.
I neglected to bring a scrap piece of paper for scribbling so I resorted to pen-to-back-of-business-card dictation receiving.
“Canada is well positioned on a go-forward basis,” said Soper as he discussed the fact our economy is based on exporting raw materials and therefore a Canuck loonie to be around 91 or 92 cents isn't a bad idea, as he referred to several “positive aspects” of a lower Canadian dollar.
Soper commented on the news that one Canadian lending institution was attempting to perk up real estate sales by lowering its 5-year fixed rate to 2.99%. The president asked for a show of hands to see how many remember the highest-ever Canada interest rates of 21.6% in August of 1981. By the way, that month I turned 15.
More good news?
“The rate of Canadians taking on debt is now lower,” said Soper, as he reflected back to the 2002-06 time period.
“Real estate is good debt as it appreciates in value, while many other debts depreciate,” he added.
I have written here previously how the Woodstock – Ingersoll district sales numbers for the first three months of 2014 lagged well behind 2013, by a 272-204 margin.
Soper predicts 2004 to be a strong year and described the molasses start of the current calendar this way: “Extreme weather delayed transactions.” In other words, the flood gates will open when warm temperatures arrive.
I'm not a climatologist or meteorologist, and I didn't shove a ruler in my lawn last Halloween eve, but I believe we received 60 cm of more snow locally above the average of the past 30 years.
As the orator proceeded, for a brief moment I thought Mr Soper was waxing nostalgic by talking about Kensington economic principals. He was not referring to Al Waxman and the King of Kensington, but rather the thoughts of Keynesian (http://en.wikipedia.org/wiki/Keynesian_economics) theories by John Maynard Kaynes, which basically state the best way to recover from a recession (2008-09) is to spend spend spend. Kaynes wrote his thesis during the Great Depression and was published in the mid-1930's as The General Theory of Employment, Interest And Money.
As for Royal LePage itself, my brand name is now No. 1 in market share in Ontario and Manitoba.
I believe Royal LePage and Re/Max continue to jostle for top spot in total sales and total number of agents from coast-to-coast.
After a short respite from real estate for an awards luncheon, now is the time to again hit the streets running. When it's your time to buy or sell, contact me. I have posted my game plan on these pages previously, but I'll add one more: I can adjust, evolve quickly and improvise as cloth napkins can not be note paper, but business cards can be.



Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
www.royallepage.ca
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

Discussion . . . Direction . . . Determination . . . Destination