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September Newsletter
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A personal note from our Team Leader

On a personal note...
by Julianne Reynolds

Why I LOVE My Job as a Buyers Agent:

In the world of real estate, where transactions often revolve around numbers and market trends, my role as a buyers agent stands out as profoundly personal and fulfilling. It’s not just about closing deals; it’s about helping people find their dream homes, navigating complex processes, and making a positive impact on their lives. Here’s why I am passionate about my job and why it brings me immense satisfaction.

Making Dreams a Reality

One of the most rewarding aspects of being a buyers agent is the opportunity to turn dreams into reality. Every client comes with a vision of their ideal home—whether it's a cozy starter house, a family-friendly suburban haven, or a sleek condo. I take immense pride in helping them find a property that matches their desires and needs. Witnessing the joy and excitement when clients finally step into their new home is an unparalleled experience.

Building Trust and Relationships

Real estate transactions are often among the most significant financial decisions people make, and having a trusted advisor is crucial. As a buyers agent, I value the trust my clients place in me. Building strong, lasting relationships based on trust, transparency, and understanding is a cornerstone of my job. I see myself not just as a facilitator but as a partner in their home-buying journey, offering guidance, support, and a listening ear.
Contributing to the Community

Helping people find homes also means contributing to the broader community. When clients find their ideal property, they are not just moving into a house—they are becoming part of a neighbourhood and local community. I take pride in knowing that my work supports not only individual families but also enhances the vibrancy and diversity of the community.

Personal Fulfillment

Ultimately, what makes my job as a buyers agent so fulfilling is the personal satisfaction derived from making a positive difference in my clients’ lives. Every successful transaction, every happy client, and every positive review reinforces why I chose this profession. The ability to help people through one of the most significant moments in their lives is both a privilege and a passion.

In summary, my love for being a buyers agent stems from the joy of making dreams come true, the trust and relationships I build. It’s a role that combines expertise, empathy, and enthusiasm, and it’s what makes every day in this profession rewarding.

What you need to do this fall to have peace of mind this winter!

Fall is the ultimate season to get your home ready for the harsh wintery months ahead! Check out these must-do fall home maintenance tasks to keep your place in tip-top shape:

1. Clean and Inspect Gutters and Downspouts
Why: Clogged gutters can cause water to overflow, potentially leading to roof damage or foundation issues.
What to do: Remove leaves, twigs, and other debris from your gutters and downspouts. Ensure that water is draining away from the home’s foundation.

2. Check and Service the Heating System
Why: Your heating system will be working hard during winter, so it’s crucial to ensure it’s running efficiently and safely.
What to do: Schedule a professional inspection of your furnace or boiler. Clean or replace the filters in your heating system to improve efficiency and air quality.

3. Inspect Roof and Chimney
Why: Snow and ice can worsen any pre-existing issues with your roof or chimney, leading to leaks or structural damage.
What to do: Check for missing, damaged, or loose shingles. Inspect flashing around chimneys and vents for leaks. If you have a chimney, schedule a cleaning and inspection to ensure it’s safe for winter use.

4. Seal Windows and Doors
Why: Drafty windows and doors can increase heating costs and make your home uncomfortable.
What to do: Check for gaps or cracks around windows and doors. Apply weatherstripping or caulking where needed to prevent cold air from entering and warm air from escaping.

5. Drain Outdoor Faucets and Irrigation Systems
Why: Water left in outdoor pipes can freeze, causing them to burst.
What to do: Shut off and drain outdoor faucets, garden hoses, and sprinkler systems. Use insulated faucet covers for extra protection.
6. Clean and Store Outdoor Furniture
Why: Exposure to harsh winter weather can damage outdoor furniture and equipment.
What to do: Clean and store patio furniture, grills, and other outdoor items in a dry, protected space. If storing them indoors isn’t an option, use weatherproof covers.

7. Inspect and Replace Weatherstripping
Why: Old or damaged weatherstripping can cause drafts, increasing heating costs.
What to do: Inspect all exterior doors and windows for worn weatherstripping and replace any that are damaged.

8. Test Smoke and Carbon Monoxide Detectors
Why: As you start using your heating system, the risk of carbon monoxide poisoning and fires can increase.
What to do: Test all smoke and carbon monoxide detectors to ensure they are working. Replace the batteries and consider upgrading to newer models if needed.

9. Rake Leaves and Aerate the Lawn
Why: Allowing leaves to accumulate can suffocate your lawn and lead to mold growth.
What to do: Rake up fallen leaves and aerate your lawn to promote healthy growth next spring. Apply fall fertilizer to prepare your lawn for the winter.

10. Check Insulation and Attic Ventilation
Why: Proper insulation and ventilation are key to keeping your home warm and preventing ice dams in winter.
What to do: Inspect your attic for sufficient insulation and make sure it’s properly ventilated to allow warm air to escape, reducing the chance of ice dams forming on your roof.

11. Inspect Driveways and Walkways
Why: Cracks in your driveway or walkways can worsen during freezing temperatures.
What to do: Seal any cracks in asphalt or concrete to prevent water from seeping in and freezing, which can lead to more significant damage.
12. Stock Up on Winter Supplies
Why: Early preparation ensures you're not scrambling for supplies during the first snowstorm.
What to do: Ensure you have essential winter supplies like salt, shovels, snow blowers, and emergency kits ready before the first snowfall.
Completing these fall maintenance tasks will help safeguard your home against the harsh Canadian winter, ensuring it stays safe, warm, and energy-efficient.

Now that the Bank of Canada interest rate has dropped again, is it a good time to buy a home?

The recent cut in the Bank of Canada's interest rate may make it a more attractive time to buy a home, especially if you are considering a variable-rate mortgage. Here's why:

Lower Variable Mortgage Rates: The reduction in the benchmark rate means that variable mortgage rates are now lower. As lenders have reduced their prime rates, homeowners can benefit from lower interest payments, which can make buying a home more affordable in the short term​.

Potential for More Cuts: Analysts expect further rate cuts, which could lead to additional easing in borrowing costs​. This might create a window for buyers to lock in better deals on mortgages.

Inflation and Housing Prices: While interest rates are dropping, the housing market could still be influenced by inflationary pressures and regional market conditions. Home prices remain high in some areas, which could offset the benefits of lower mortgage rates. However, if inflation continues to ease, it might reduce pressure on housing prices in the future​.
Personal Finances and Stability: Even though borrowing costs have decreased, purchasing a home should align with your financial stability and long-term goals. If you're ready to commit and your income is stable, now could be a good time to act.

Overall, it's a favourable moment for some buyers, but it's essential to evaluate your financial situation and the local real estate market before making a decision. Consulting with a mortgage advisor may help clarify your options.

August 2024 Market Stats

In August 2024, the Durham Region recorded 709 sales with an average price of $907,997. This was a decrease from the previous year's figures of 776 sales and an average price of $930,781. However, there was a significant increase in active listings, rising by 56% from 1,414 in August 2023 to 2,200 in August 2024.

The Hastings Region experienced a more positive trend with a 9.9% increase in sales from 163 in August 2023 to 178 in August 2024. The average price also saw an upward shift of 4.2%, rising from $532,764 to $555,062 over the same period.

Kawartha Lakes similarly enjoyed a healthy growth rate with a rise of almost double digits (9.8%) in sales from102 in August 2023 to112 in August 2024. The average price also increased by over two percent (2.6%), going up from $708,006 to $726,519 over the same time frame.
In August 2024, Northumberland County recorded 115 sales with an average price of $705,752, down from 124 sales with an average price of $734,111 in August 2023. Active listings also increased by 46% from 440 to 642 over the same period.

Peterborough Region saw a significant boost in sales, with numbers rising from 97 in August 2023 to 160 in August 2024 - a rise of approximately 56%. However, the average price dropped from $753,848 to $656,899 during the same time frame.

Prince Edward County experienced a modest increase in average price of about 3.7%, going from $779,102 in August 2023 to $807,648 in August 2024. Though there was decrease in number of sales -from 43 to 31.

SEE. DO. EXPERIENCE. Peterborough & The Kawarthas

Our region is a haven for waterfall enthusiasts, offering a variety of stunning cascades that promise unforgettable experiences. Each waterfall has its own unique charm and beauty, making these areas a must-visit for nature lovers, adventurers, and photographers alike.
Burleigh Waterfall
Burleigh Falls, Ontario

Burleigh Falls is renowned for its beautiful cascade of water flowing over a series of rugged granite rocks. There are several trails around Burleigh Falls that offer excellent hiking opportunities.

Enjoy a peaceful walk through the forest, take in the views of the falls, and discover the local flora and fauna. The trails vary in difficulty, making them accessible for all levels of hikers.
Furnace Falls
Kinmount, Ontario

Furnace Falls features a captivating waterfall that cascades over natural rock formations, creating a picturesque scene that’s perfect for relaxing and enjoying the beauty of nature.

Several trails around the falls offer excellent hiking opportunities. Whether you’re looking for a challenging hike or a leisurely stroll, the trails cater to all levels of hikers.

SEE. DO. EXPERIENCE. Peterborough & The Kawarthas

Cordova Falls
Near Cordova Mines, Ontario
Cordova Falls is a perfect place to explore waterfalls. There are at least three waterfalls/chutes along this stretch of the Cordova River, which drops a total of 28 metres. Nestled in the scenic landscape of the Trent Hills, Cordova Falls is a perfect destination for nature enthusiasts, photographers and anyone looking to enjoy a peaceful outdoor experience.

The BEST Pumpkin Spice Latte

It's Pumpkin Latte season! Save your money for a down payment and learn how to make the best homemade pumpkin spice latte with this easy recipe. It uses real pumpkin puree, coffee, and fall spices. It’s delicious and so much better (and less expensive) than store-bought!

Key Ingredients

Coffee or Espresso: If you don't enjoy a stronger espresso in this latte, you can substitute it with strong coffee. For a hot drink, use hot coffee and warmed milk, or use chilled espresso or cold brew coffee for an iced latte.

Milk or Non-Dairy Milk: Use whatever you love! Any milk (dairy or non-dairy) will work.

Pumpkin: Pumpkin puree will give you an authentic pumpkin flavour. You can use canned pumpkin or homemade pumpkin puree (and if you make your own, you get to roast the pumpkin seeds, too!). If you’d like a stronger pumpkin flavor, try reducing the puree beforehand or substituting it with pumpkin butter.

Pumpkin Pie Spice: You can create your own or use store-bought. A homemade blend combines spices you probably already have in your spice cabinet. Plus, you’ll have it ready if you ever want to make homemade pumpkin pie!

Vanilla: A splash of vanilla extract makes this latte so delicious. It works so well with the pumpkin pie spice and pumpkin!

Sweetener: Use your favorite sweetener! Plain sugar or maple syrup for extra flavor. Brown sugar is another delicious option.

Whipped Cream (Optional): A spoonful of whipped cream is the perfect topping for this PSL.

DIRECTIONS:

1 Add milk, pumpkin puree, and sugar to a saucepan over medium heat. Slowly heat the milk until hot, but do not boil.

2 Remove the saucepan from the heat and whisk in the vanilla, pumpkin pie spice, and the coffee or espresso. Taste and adjust with more sugar or spices.

3 Divide the mixture between two mugs.

4 Top with whipped cream and a sprinkle of pumpkin pie spice.

ENJOY!
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Each office is independently owned and operated. Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
Jason Reynolds
REALTOR ®
Peterborough & Kawarthas Real Estate Agents
Independently owned and operated.
The Reynolds Team
REALTOR ®
Peterborough & Kawarthas Real Estate Agents
Independently owned and operated.
285 Taunton Road East, Unit 1, Oshawa, ON L1G 3V2