Nanaimo Real Estate Blog
Have you ever wondered what it must feel like to be a cat or dog when selling your home? In the mind of a cat, it might go something like this…I awaken to faces peering at me as I try and catch some much deserved rest after protecting the house from any rodents and other cats who are lurking near my house. These weird people talk about “resale value” and “updated” and how small my bedroom seems to them. As a cat, the room is sufficient and they are simply being greedy. They continue to natter back and forth. “Oh…don’t you just love the drapes – they would match our bedroom set”. They try to pet me (I am NOT a mid-morning pet kind of cat) and then try to figure out the background of my parents. Why does it matter if my mom was a manx and my dad was a calico?
“Tiny” and “micro” homes have garnered a lot of media attention, but “micro condos” are becoming a hot new trend as well. Our McCullough Team is marketing a new commercial and residential mix complex on Dufferin Road that offers a wide range of options for home owners and investors. The condos vary in size from a micro unit, 1 bedroom units and a 2 bedroom unit. Many buyers are a bit taken back when introduced to the notion of a 410 square foot condo that offers all of the amenities such as stainless steel appliances and stacking washer/dryer, with less space than a traditional condo. Micro condos are often referred to as “micro apartments”, bachelor condos. For big-city dwellers, smaller living spaces are very common. In San Francisco you can live in a condo as small as 220 square feet. In Vancouver, one developer is marketing a development of “nano-lofts” which will be between 175 and 275 square feet. To those homeowners, 410 square feet would seem extremely spacious! Why a micro-condo? Tiny homes and smaller living spaces seem to be a social movement in which people choose to downsize for a variety of reasons. Some believe that these types of homes create a smaller carbon footprint, while others want the financial freedom of owning a home, but not having a large mortgage to pay each month.
Many of us refer to Labour Day as “the weekend before kids return to school” and this is the case this year for BC families. The tradition of celebrating Labour Day weekend continues as many hotels on the island are already fully booked After Labour Day, trailers and boats are parked back beside houses and lakeside cottages are once again empty. However, most of us do not know the origin of the Labor Day and I thought that I would share it with you.
There are simply no words to aptly describe the shock and grief that I felt this past week as hateful demonstrations and attacks on innocent civilians throughout the world seemed to fill the news. I watched and listened to a president of a country equate racists who spewed hateful slogans while carrying torches and promising violence, to people who stood up against hate and preached tolerance. There are simply no words to explain how someone could possibly put blame onto "both sides". Because of the violent action of one of theses hatemongers, a young woman died and several other innocent people were seriously injured.
TOMORROW! Starlight Movie Night 2! Come watch a FREE outdoor playing of Disney's movie "Moana" tomorrow night under the meteor shower at Country Club parking lot. We are anticipating one of the brightest meteor showers ever seen that will be happening while we project Moana onto a 44' tall movie screen. Our McCullough Team is proud to be one of the sponsors for this event being hosted by Oceanvale Mortgage & Finance. Come early for the live entertainment (entry begins at 6:30PM) as we will be having "The Eggmen" playing and there will be lots of fun activities. Our McCullough Team will be offering FREE cotton candy for all of the kids as we are one of many proud sponsors of this event! We will have complimentary Pepsi products, freezies, popcorn, and some BBQ snacks for the kids prepared by Montana’s Cookhouse! Entry is FREE and starts at 6:30pm with the movie beginning at dusk – approximately 9:00pm this year. Every attendee gets a raffle ticket and we will be giving away prizes throughout the evening before the show starts.
I recently read an article on some other social media outlets what the worst jobs people have ever had. When I began asking friends and family what their horrible previous jobs have been, the responses were overwhelming and I could not resist sharing them with you. I truly love assisting clients with their real estate needs and am passionate about what I do, so being a realtor has never been something that I woke up regretting my choice of career or thought of as a “job”. However, some of the stories that were personally shared with me show that many people have not felt this way once or twice in their lifetime.
Did you like my headline? If you watch the news, you are likely inundated with so many mixed messages about the real estate market. One day, the news reports that foreign ownership is the villain behind a busier real estate market. The next day, a news headline announces that it is low interest rates and first time home buyers who are responsible for this seemingly out of control market. How do you make sense of such fear-filled news reports and filter out the sensationalized headlines in an effort to be an informed home seller or buyer? There are 5 critical steps in order to achieve a positive real estate result.
Current Vancouver MLS stats indicate an average house price of $1,310,071 as of June 2017, so it may be a good time to stop and reflect on our own spending behavior with the economy, Canadian dollar and real estate seemingly sending mixed messages to all of us. Nanaimo has seen a rise in real estate prices although our average price for a residential home is still below $500k (based on the average sales for the past 12 months), while Victoria has begun to experience the push and pull effect of anxious buyers resulting in the average sale price rising to $829,600 in June, compared with $721,000 last year. It will be interesting to see if this type of market is sustainable, but I would caution young buyers to really consider what they can afford to buy, especially when interest rates rising, and the prospect of 25 years (or more) of borrowing that they take on when purchasing a home.
Well…many of us will celebrate the Canada Day festivities tomorrow, and I thought that I would share with you a few things that are totally reflective of our Canadian awesomeness that are not found anywhere else in the world typically. Did you know that the Crispy Crunch chocolate bar is only available in Canada? The colorful chewy "Swedish Fish" gummies are actually made in Ontario (even though their branding seems to suggest that they travel from Europe). Give thanks to the Hershey's milk chocolate bar that was launched in 2013 that was milkier and creamier than the American version. Apparently, Canadians prefer a more simple and refined chocolate than our counterparts in the US! Along with food items like the world-famous Nanaimo bar, poutine and maple syrup, Canada seems to offer a wide variety of unique treats only enjoyed in a country that also boasts close to 60% of ALL polar bears in the world!
I hope that you enjoy this week’s article which I dedicate to Father’s Day next Sunday about what the toughest SOB taught me about real life, and in turn, anything you do. “Muscles McCullough” as he was infamously known in our working class neighbourhood of Thunder Bay, Ontario, was not a tall man, maybe 6 ft, was head of the boxing club and school gymnastics and probably not the guy you would want to fight. He also happened to be my dad. He would walk on his hands for MILES down the street to school to prove how tough he was, and to build muscles that he used for boxing and gymnastics. Of this he was extremely proud.