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Paying Off Debt? Here are Some Tips to Reach Your Goal

Everybody faces debt at some point in life. While it can often feel overwhelming, here are some tips to help you pay off some of your debt to get you
back on track this year:

1. Create a budget for yourself.

This will help you manage how much money you’re spending each week or month. Make a
spreadsheet to help lay out what your spending limits are, you’ll feel great when you have extra
money each week.

2. Sell unwanted items.

The holidays are over, and now you’re left with lots of new items. Find yourself feeling cluttered
financially and mentally? Time to clean up! You can sell household items you no longer use,
search through your home and gather things you don’t use anymore. Take awesome pictures of
your items and put them online.

3. Treat yourself!

Having a reward system in place will help you stay on track to pay off your debt. Don’t let
yourself get discouraged if you don't meet your goals, try to improve the next week – and the
week after that!

4. Change what needs to be changed.

If you find yourself spending more money than you should every day, consider making changes
to your daily habits. Budget a grocery list for the week and buy items to have in your house to
take for lunch instead of buying something at work every day, or brew coffee at home and take it
to work with you instead of stopping at a drive-thru on your morning commute. You’re sure to
see a change in your spending habits with these small changes!

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Listing Your Property

selling-home-halifax

Listing a Property

The listing of a property is a relatively straight forward process, however there are a number of documents that your agent will want go over with you. We will outline a few of these documents to help you understand the process of listing your home with a REALTOR®.

Seller Designated Brokerage Agreement: Authority to Represent Document

The first, is the authority to represent document – known in Nova Scotia as the Seller Designated Brokerage agreement. This document, which is accompanied by the listing addendum and the property condition disclosure statement (PCDS) – sets out the relationship between you and the agent, including all of the duties they are bound to complete for you, and all of the disclosures they are going to require you to complete for the selling process. The listing Addendum, is a data collection sheet used for uploading the details of your property to the Multiple Listing Service.

Property Condition Disclosure Statement

The PCDS is a form that you will use to make any declarations about the home to prospective buyers, and goes a long way to creating some awareness about the issues that exist in the home for those who have interest in the property. It is the seller’s opportunity to disclose all that they know about the home – a key step in helping to minimize liability in the transaction. The PCDS will only be filled out if the owner is also the occupant, or has recently been. If it is a bank owned property, or being sold as a part of an estate, then likely there will be no PCDS.

Accompanying Informational Documents

The other forms that are required at time of listing are informational document – including forms discussing what agency means, what elements of the property are leased, and information gathering for the federal government through the FINTRAC data collection process.

Advertising Your Property

In terms of advertising your property – there are a whole host of options that you and your agent can discuss, including online, print, television, radio and more. Your agent will develop a marketing plan for your home, and in most cases, the agent will fund the marketing efforts during the listing time – thereby assuming much of the financial risk for the promotion of the home.

You should expect that your home should be marketed 24/7 through online efforts like REALTOR.ca, and the brokerage website. And finally, believe it or not – the old fashioned sign on the front lawn continues to be one of the best forms of advertising – so having the strength of a great agent and great brand suggests that you are approaching the sale of the property professionally.

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Tesla’s Partnership With Dalhousie Could Transform Halifax

tesla-halifax

Source: John Grant – urbanhfx.com

Did you know that Tesla’s only battery research facility outside of California is in Halifax? Elon Musk must see something in our young people, as the relationship between Tesla and Dal began in 2015 and continues on to this very day.

It makes business sense for Tesla to spend lots on researching battery tech. The battery is by far the most expensive component in an electric car, and reducing the cost to manufacture batteries would save the auto manufacturer billions annually.

Halifax is becoming a startup city, with more startups per capita than almost any other major Canadian cities. At the core of our startup culture are the countless of universities and colleges in the metro area. Nova Scotia is among Canada’s most educated provinces, which makes it a natural hotbed for young, entrepreneurial types.

If Tesla sells enough cars to warrant a Canadian manufacturing facility, there is no doubt Halifax will be on the shortlist. Unlike traditional auto manufacturers, Tesla requires most employees to be very specialized, with many jobs requiring a graduate degree or above. Halifax provides this, as well as Canada’s largest Atlantic port and abundant access to rail networks.

Could Halifax become the Oshawa of Atlantic? It may be more likely than you think!

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Royal Lepage Shelter Foundation

foundation-shelter-royal-lepage

Helping Women and Children Escape Violence and Rebuild Their Lives

Because we are committed to strengthening the communities where we live and work, Royal LePage is the only Canadian real estate company with its own charitable foundation. The Royal LePage Shelter Foundation is Canada’s largest public foundation dedicated exclusively to funding women’s shelters and violence prevention programs.

How We Help

To make a meaningful difference at a local level, the Royal LePage Shelter Foundation matches Royal LePage offices with a women’s shelter in their community. Royal LePage brokers, agents and staff are passionate champions for their local shelter. They help organize fundraising events and many agents donate a portion of the commissions they receive when they help their clients buy or sell a home. All support stays in the local community and because Royal LePage covers the administrative costs of the Shelter Foundation, one hundred percent of the funds raised goes toward our cause. Since 1998, the Royal LePage Shelter Foundation has raised $30 million.

Women’s shelters direct our funding to meet their greatest needs and priorities. Shelters use our funding to provide critical services such as: trauma counseling; job training and placement; emergency transportation to the shelter; play therapy for children; homework help for youth; renovations to existing shelters; and building new shelters. In some cases, the funds are used to help women and children after they leave the shelter and move into their own accommodations.

Our Mission

In addition to addressing the immediate needs women and children have for safety and support, we also take a long-term view to stopping the cycle of violence. We are a founding partner of the Fourth R, a curriculum-based education program that has been delivered in 5,500 schools across North America. We continue to help youth develop healthy relationships through annual funding of educational programs.  With the help of our national partner, the Canadian Women’s Foundation, we support grassroots programs in every province that help women rebuild their lives after violence, that help children heal and prevent them from becoming victims or abusers themselves, and that help teenagers recognize and avoid abusive relationships.

As a founding national partner of the online resource sheltersafe.ca, we are making it possible for women seeking safety to identify a shelter in a specific geographic area along with its 24 hour emergency phone line. This ensures that women and children get the help they need as quickly as possible.

Click Here to Donate to the Shelter Foundation

Thank You For Your Support!

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Finding the Perfect Halifax Neighbourhood

halifax-neighbourhood-home-buyer

What is your Ideal Neighbourhood?

Purchasing the perfect property often involves more than just the home itself. What truly distinguishes a house from a home is the community and environment that surrounds it. Halifax has quite a variety of neighbourhoods and communities, just remember that neighbourhood preferences vary. While you may dream of a smaller, more charming community, others may yearn for big city living with every convenience at their fingertips.

There are many factors that go into buying the perfect home.While choosing the right property is very important, a neighbourhood plays a crucial role in creating lasting memories. The trick is finding one that suits your lifestyle.

Here are a few tips to help you find the right fit:

halifax-home-for-sale-dartmouth   home-buyer-halifax

Make a list.

Start by jotting down a list of the desired lifestyle factors that are most important to you and your family. Remember to leave no stone unturned — consider location, proximity to work and schools, amenities and local attractions.

Get out and explore.

While lists are helpful, nothing beats experiencing an area for yourself. Once you’ve narrowed down the most important factors, be sure to visit at least a couple of locations around Halifax that match the description. Though one may look good on paper, in reality it may leave more to be desired. The only way to truly determine what’s best for you is by seeing an area in person.

Call in the pros.

Often, the best way to find the perfect neighbourhood is by contacting a professional. Experienced sales representatives are aware of great areas suited to any need and can help narrow your home search and save time.

check out our Your Perfect Life tool to find your dream neighbourhood.

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How to Choose the Perfect Air Conditioner (AC) For Your Home

What size AC do you need?

You want it big enough to make your home comfortable, but not too big to waste money on energy not needed. A basic rule is to calculate 20 BTU (British Thermal Unit) per square foot. So, if you have a 1000 sq ft home, you should need a 20 000 BTU unit to remove that quantity of hot air each hour. However, the floor plan is not the only thing to consider, as you will also need to factor light exposure (number, size, type and age of windows), ceiling height, and how many floors your AC system will need to cool down. Other factors that can affect sizing are: home insulating factor (wall and attic) and the number of outer walls exposed to ambient temperatures.

What type of AC should you get for your budget?

If you are looking for HVAC systems, there are four main types, each with its pros and cons. Your budget will dictate what you can afford to install. A full HVAC system or a more affordable portable or window AC unit? No matter what you choose, make sure to go for models with an EnerGuide Label, as they are more efficient and less expensive to run. Especially if you add rebate programs in your area, they might pay for themselves quickly.

Wall or portable AC ($)

If you have a low-budget, you might consider installing a wall or mobile AC unit instead. Usually, these units indicate the BTU rating, which varies between 5 000 and 15 000 BTU. As the engine is located directly into the machine, they are noisier than the other type of AC systems.

Hybrid Heat Pump ($$)

It’s a low-cost option that has its limits. The heat pumps are air conditioners that reverse their process in the winter to create heat for your home so you can use them year-round. However, if you live somewhere where the temperature drops below 5°C, which is the case for Ontario, they might not be your best investment, as they are better for a warmer climate.

Split System ($$$)

It’s the most popular one. It has both indoor and outdoor components. It’s the right choice if you already have a ductwork and blower system should already be in place. Less noisy than the wall and portable AC units.

Ductless Mini-Split System ($$$$)

A great way to control temperature individually in different rooms, the ductless HVAC system distributes air via small wall-mounted units connected by refrigerant tubing to an outdoor condenser. It works well in homes with little space, but it requires a bigger budget to install.

Ask for an estimate from a HVAC specialist.

Now that you’ve done your homework contact a HVAC Professional who will come to your home for an estimate and help you choose the best system your money can afford. Don’t wait till the heat wave strikes to call, as you might have to wait longer to have it installed. Remember, an AC system is an investment that will make you surf through summer like a breeze!

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Maximize Summer Enjoyment With a Screened Patio

A big part of the appeal of owning a home becomes ultra apparent during the summer months when we can spend time outdoors. You can extend your summer enjoyment with screens that are fitted to patio and porch openings. When done right, these options appeal greatly to future buyers.

screen-patio-summer

Set a budget, then exploring a variety of options to fit your pocketbook and tastes. With a wide range of products on the market – from motorized retractable screens to do-it-yourself kits from your local building store – there’s something to fit every budget. Start with a trip to the library and research ideas through books and publications on decks, porches and patios.

As far as dos and don’ts,  obtain more than one quote if you are looking to engage a professional service to plan and install your screens.  If you plan to do the project yourself, make sure your basic structure is in good shape. If not, be sure to budget for additional material costs and make repairs before you begin. Measure accurately and ask to see assembly instructions in the kit you buy.

More information on enhancing and preserving the value of your home is available at www.royallepage.ca.

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The Port of Halifax is About to Get a $50,000,000 Makeover

port-halifax-development

The Federal Government just announced funding for a massive expansion of our port. This project will create 800 jobs and allow Halifax to significantly increase our cargo capacity.

The investment covers all rail and cargo ports in Halifax and will allow our city to become Canada’s premier Atlantic port.

The port is not the only destination for the new federal cash. Areas around the terminals, such as the Windsor Street exchange and Barrington Street will be receiving upgrades to cope with the increased traffic. If you are used to taking Barrington to get downtown, you may want to take an alternate route for the next few years as the street is going to be under construction for the foreseeable future.

The upgrades will allow the port to accept more “ultra-class” cargo vessels, which sometimes carry hundreds of thousands of tons across oceans. They will also allow for more growth in exports from Nova Scotia.

Nova Scotian exports have been booming in recent years, with seafood exports more than doubling since 2012. Seafood exports to China alone totalled close to $1 Billion in 2018.

Source – John Grant, urbanhfx.com

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Summit Group named Top 10% of Halifax Real Estate Agents

halifax real estate team
Summit Group achieves Royal LePage President’s Gold Status 

A delivery just arrived at our office – “Congratulations on achieving Presidents Gold so far this year! From your friends and family – Royal LePage Atlantic”

Royal LePage President’s Gold Award is defined as representing the top six to ten percent in their marketplace, Halifax Real Estate 

Congratulations to Gail Naugler and Colin Crawford on this achievement only half way through the year and Thank you to all of our loyal clients who made this possible!

Real Estate, Goal Oriented.

– Cohen MacInnis 
Team Lead, Summit Group

Learn more about the Summit Group, Visit our profiles under About Us 

 

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Summit Group partners with Seven Lakes Lifestyle Community in beautiful Porters Lake, NS

Summit Group is proud to represent Seven Lakes Community, A Nova Scotia Lifestyle Community in Porters Lake, just minutes from City of Halifax featuring Detached, Semi-Detached Homes and Cottages, Waterfront Lots and Custom Build options from our builder Synergy Homes.

Seven Lakes Community is The largest Conservation Community in Atlantic Canada, Seven Lakes offers you a place to walk, a place to play and a place for your family to grow; a natural lifestyle that is simply priceless. By embracing the principles of conservation design, we are developing a community not just for today, but for the future.

A CONSERVATION COMMUNITY MEANS A LOW IMPACT DEVELOPMENT THAT WILL:

  • Reserve over 60% of the existing habitat and significant natural features for your enjoyment- and for generations to come
  • Help protect water sources
  • Give homeowners access to surrounding natural landscapes
  • Maintain the rural character of the community

At Seven Lakes, we believe that a great Community Master Plan is first and foremost a Conservation Design. Inspired by nature, where people are connected to the earth beneath their feet and to their neighbours on the other side of the hedge.

The community’s design incorporates neighbourhood greens that bring communities together. We are creating footpaths and bikeways that connect communities, and we’ve planned places to play that focus on wholesome activities for children.

We are committed to conserving trees wherever we can, and planting new trees to help make our neighbourhoods richer, greener and stronger.

The best of rural and urban living, just 25 minutes from Halifax!

CONTACT US TO SCHEDULE PRIVATE TOUR