Back to: April 2020


Top Energy–Saving Tips for Your Home
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While we all use energy differently, in general, energy is mostly used for heating and cooling the home, with hot water coming in second.

Good energy habits help you save money and the way we use energy plays a big role in how much we’re paying for it. For example, if you leave the hot water running constantly while you’re shaving, you’re using a lot of hot water just to rinse the razor a few times.

Simple choices we make every day can go a long way to help us manage our energy use, cut costs and protect the environment around the year. Here are a few tips to help you conserve energy in your home.

1- Choose off-peak hours
Take advantage of lower energy prices during off-peak hours. Consider running your dishwasher, clothes washer and dryer early in the morning, in the evening or on weekends when electricity rates are lowest.

2- Use the dishwasher and washer wisely
Try to cut down on power by air drying instead of using the heater. Try washing your clothes in cold water to save hot water costs.

3- Use a programmable thermostat to reduce energy use
Install a programmable thermostat to automate your heating and cooling. It makes it easier to reduce your energy use when you’re not home and when you’re sleeping.

4- Use your appliances properly
Did you know that an uncrowded fridge works more efficiently than a crowded one? However, a freezer works best when they are two-thirds full. When you’re using the dishwasher wait to do a full load. A half-empty dishwasher uses the same amount of energy as a full one.

5- Consider caulking and weather stripping
Plugging up air leaks is relatively inexpensive and delivers a great return summer and winter. Look for cracks around windows and doorframes. Also check the sill plate, where your home’s foundation meets the frame. It could be a big source of air leaks.

6- Find your top 10 locations for compact fluorescent lamp (CFL) bulbs
It pays to replace your most frequently used incandescent bulbs with CFLs. They use 75% less power and last up to 10 times longer.

7- Buy ENERGY STAR® Appliances
Save energy and fight climate change with ENERGY STAR qualified products. They use less energy, save money, and help protect the environment. According to ENERGY STAR, if just one in 10 homes used ENERGY STAR-qualified appliances, the impact could be compared to planting 1.7 million new acres of trees. Switching to these appliances is not only good for the environment but is easy on your pocketbook. Although these appliances may cost more, you can reduce your energy bill by approximately $80 per year.

The age, condition, and efficiency of your appliances play a big role in how much energy you use, so it’s important to keep them in good working order, and at some point, consider upgrading to the most energy-efficient models.

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With Compliments of

Michele Vyge-Fraser
Real Estate Agent/ Associate Broker/ CNE®


Red Door Realty
1314 Martello Road
Chapter House
Halifax, Nova Scotia,
T: 902-830-6397
NovaScotiaRealEstate@gmail.com
www.RedDoorRealty.ca

Happy New Year!



Hello 2021! 


May this year be full of restored light, new possibilities and better times ahead. How lucky are we to live in Nova Scotia where it continues to be a 'beacon of light' for so many people near and far. Our real estate market continues to validate all of the years of hard work and vision of so many including our extraordinary public and private sectors and our wonderfully diverse growing communities, towns and cities. The sellers market is still very strong with good listings in short supply across the province.  According to our Canadian Real Estate Association (CREA), in all of 2020, home sales totalled a record 13,923 units in Nova Scotia. This was an increase of 13% from the same period in 2019 and marked the highest level of any year in our history, beating the previous record set in 2019 by more than 1,500 sales. The annual average price, across the province, was $291,224. up 13.8% compared to 2019. In HRM, Halifax-Dartmouth, there were 7,591 residential 2020 sales (approximately 55% of the provincial sales) with the average selling price having increased 14.6% to $369,435. 


The big question is 'will this continue'? Despite the conflicting opinions, I believe it will. The pandemic, in my opinion, added more fuel to our already prime seller market conditions. Nova Scotia has been on many people's radar and wish list for years but especially in recent years as the demographics shift. Logically it makes sense from an affordability point of view but I believe there is more to the story. Maybe the golden rule of real estate; 'location, location, location'  should be changed to say 'lifestyle location, lifestyle location, lifestyle location' to better describe what seems to be motivating buyers. And than there is the '18 hour city' concept talked about i.e. in an article by Ainsley Smith on TorontoStoreys.com... 


'... With remote working making it possible for more people to live in the suburbs, the report points to an “18-hour city” trend to pick up across Canada, whether in larger city centres like Toronto and Montreal or in places like Victoria, Quebec City, and Halifax due to accelerated growth. According to Investopedia, 18-hour cities “describe a mid-size city with attractive amenities, higher-than-average population growth, and a lower cost of living and cost of doing business than the biggest urban areas.' 


What's really in our future? As the old saying goes... time will tell. 


As always, please contact me anytime to confidentially and confidently discuss your real estate ideas and potential goals. 


Wishing you all the best for 2021!


~ Michele 


Michele Vyge-Fraser 

Red Door Realty Agent/Associate Broker 

 


Sources: 

https://creastats.crea.ca/board/nsar?fbclid=IwAR3XtGZakyyor15ow-uZoME60AIGFgJ5lYdfueoxEV_le5OOuxLABptAcAA


https://torontostoreys.com/canadian-real-estate-trends-2021/



NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Feb 18,2020


www.RedDoorRealty.ca

Halifax Mortgage Specialist Bruce Lusby 

(902) 210-0515

http://mortgageweb.ca/BruceLusby

Halifax, Nova Scotia - updated Oct 6, 2015

Variable:

5yr @ Prime - .65% (2.05%)

HELOC @ Prime +.25% (2.95%)

Fixed:
1yr 2.29%
2yr 2.09%
3yr 2.24%
4yr 2.54%
5yr 2.54%
6yr 3.39%
7yr 3.44%
10yr 3.84%

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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.