New Year. Warm Wishes.
What a phenomenal time the holiday season was. I hope you and your family enjoyed the festivities. With the New Year here, and everyone back to their routine, the focus is now on Spring and planning for the warmer months ahead.
Conversations and opinions about the economy and the real estate market will continue to dominate headlines this year. With today's Bank of Canada announcement that the Key Rate is holding at 1.75%, there will likely be ongoing interest rate speculation as our economy looks for firmer footing. But rates did hold steady and that's great news for most.
My focus is on the real estate market. When someone you know has questions, please let them know that I am always available for a market review to see how trends fit into their home buying and selling strategies.
I am the real estate professional to count on for facts, stats and smart negotiating.
Looking forward to being your knowledgeable "real estate resource" in 2019.
Don't Let Snow Accumulate Near the Roof's Edge
During a sunny day, snow can melt then re-freeze in the eaves creating an ice-dam. This can damage shingles and potentially create an unwanted "indoor waterfall."
Check the Cover on the Air-Conditioner
Be sure it's still properly in place. A secure cover will prevent damage from water getting into the tight areas of the AC fins and then freezing and expanding.
Replace the Furnace Filter
Proper airflow means more even heat distribution and lower operating cost.
Use Ceiling Fans for Even Warmth
Eliminate hot spots and cold zones in your place by using a ceiling fan to push heat down from the ceiling, redistributing warmth and creating a more "even comfort." Be sure the blades are rotating in a clockwise direction.
This RRSP Season, Think TFSA Contribution Too!
We're just a few weeks away from the annual RRSP push. This year the TFSA turns 10! And for 2019, the TFSA contribution limit jumps up to $6,000.
A TFSA can hold much the same investments as an RRSP, and there are advantages to both. Contributions to an RRSP are tax deductible, TFSA contributions are not. A TFSA earns investment growth and interest tax-free - in an RRSP tax is deferred. RRSP withdrawals have tax consequences - TFSA withdrawals don't.
Don’t have a TFSA yet? Check with your financial institution to see if there are any administration fees to know about.
TFSA's are fairly straight forward investment vehicles. Find out more at www.cra-arc.gc.ca/tx/rgstrd/tfsa-celi/menu-eng.html.
Timely Tip – use any tax refund, generated by your RRSP contribution, to open a TFSA. Save, and then save some more!
Home Heating Up the Chimney
Unless the fireplace has been modified with an insert to help recover heat, a roaring fire primarily warms the room by radiant heat. But, you're actually losing warmth because the fire draws air from the room into the fireplace and up the chimney. A fireplace can remove roughly 14,000 to 20,000 cubic feet of air from your home each hour – warm air that your furnace is working hard to produce.
Installing glass doors on a fireplace will minimize warm air loss while still sharing warmth, plus giving a wonderful view of the roaring fire.