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Learnign to Ride a Bike









Unfortunately this is going to be one of those blog posts where the title is confusing until the very end of the post. Like many of you are probably thinking, "I'll just skip the middle, and head straight for the end." While that is going to give you a very cleverly worked metaphor, you will be missing the heart and soul of this post. What is the best lesson you have ever learned?

One of those classic "interview questions" designed to have you share an experience that hopefully has shaped you in some way, shows some life experience or your character. However, many people panic at the question, trying to remember a past event that will portray them in an appropriate light to there perspective client, business partner or employer. The first time I heard this question, I was 17, going for a management possion at a retail store. I too, have asked the same question interview I have conducted. I've always seen it as a platform the applicant to tell me about them. I think we've all felt that pressure or need to tell a great tale, but, not many of us have stories or the gravitas of Steve Jobs, Bill Gates or Richard Branson, so we panic. Forgetting what the question is really asking, focusing on the solution and not problem. However, If we look at the likes of Richard Branson faced with the same situation, what would they do......answer it honestly from the heart...

If you don't have the right experience to reach your goal, go in another direction, look for a different way in. There's always a solution to the most complex problem. If you want to fly, get down to the airfield at the age of sixteen and make the tea. Keep your eyes open. Look and learn. You don't have to go to art school to be a fashion designer. Join a fashion company and push a broom. Work your way up.
- Richard Branson

Everyone wants to have things, now, but things take time, whether it be a new car, a house or a promotion. These things all take time, and none of them will define you, yet, the journey to get them just might. Goals or success are internal, what is important to you will be different from what is important to others, so be passionate about what you do and who you are. Put your heart and soul in to your goals and dreams and journey will be as rewarding as the destination!

For any of you wondering, what my answer to the question was, back when I was 17? My parents had taught me a lot of about hard work and never giving up particularly when it came to failing. So I said to the interview panel "learning to ride a bike." One of them laughed, the other two looked very unimpressed. She followed up "why?" To which I answered "when you learn to ride a bike, you learn the importance of getting up when you fall down and trying again. Also, that without balance you cannot move forward." This was not an amazing answer or even an entertain one. However, it was a honest one and a heartfelt one. No matter where life takes me I will always fall back on that lesson, and it also goes to show that even though the hardest questions are difficult, the answers can be quite simple.


 By Adam Cooper, ABR
 The Bagogloo Team, RE/MAX nova

Spring Ideal Banner

It’s that time again in Halifax to enjoy the Spring Ideal Home Show. RE/MAX nova is a proud sponsor of this event again this year, and the show is being held at Exhibition Park in Halifax. If you are looking to do some building, renovations or landscaping projects in the near future, this is a great way to get inspired, discover new products and services, and see everything under one roof. Maybe you’re not a homeowner yet and need a place to do some dream building- the home show typically features a number of builders and designers and there are often home plans on-site at the event that you can sample to get you started.

Either way you don’t want to miss out! Special guest this year is HGTV’s Damon Bennett, who will be doing two sessions per day - “Reno 101” and “Protecting Your Home”. The show starts March 28 and runs until March 30. To get full details on times and dates for the Spring Ideal Home Show please visit

‘We like to have fun:’ Halifax goes green as city celebrates St. Patrick’s Day Parade

By Geordon Omand For Metro


Irish-Canadian sisters Aiofe, 5 (left), and Niamh Bowes, 8, enjoy the St. Patrick's Day Parade in Halifax on Saturday.

Downtown Halifax was awash in shamrocks Saturday morning as hundreds of green-clad spectators lined the streets to take in the city’s seventh annual St. Patrick’s Day Parade.

“It announces to the town that (the Irish) are still here and we like to have fun,” said Blair Beed, who led the procession as the town crier.

“The town crier is a traditional thing for old Halifax,” he added, ringing a brass bell to announce the parade’s arrival.

“That’s who gave the news. And the news today is the St. Patrick’s parade — have fun.”

Hundreds of green-clad spectators line the streets of downtown Halifax to take in the city’s seventh annual St. Patrick’s Day Parade.

Despite the overcast weather, more than 30 groups walked, waved, drove and danced their way along the parade route, which began at Holy Cross Cemetery and continued along South Park Street, Spring Garden Road and Brunswick Street before ending near St. Patrick’s Parish.

The itinerary was new this year, a departure from the standard north end route, said event organizer Roberta Dexter.

“We wanted to gain a little more visibility in a more populated part of the city,” she said.

For Dexter, the best part of the festivities were the costumes.

This year’s parade entrants included the eclectically-attired sci-fi/fantasy group Hal-Con, as well as dancing troops, Celtic community organizations and local brewpubs, among others.

“I think everybody coming out and truly celebrating — whether you’re Irish or not — is quite incredible,” said Dexter.

Irish-Canadian Niamh Bowes, 8, watched the parade for the first time, alongside her parents and younger sister on South Park Street.

“It’s really good,” she said. “I especially like the dancing.”

This year’s presenting sponsor was the Charitable Irish Society, which celebrated its 228th anniversary this year.

“We just love to support everything Irish,” said President Sandy Phillips.

“Nobody realizes … the Irish history here in Halifax, and I think this will draw attention to the Irish community.”

“People truly do believe and feel they are connected to the Celtic nations and Ireland, so seeing that manifest itself here today is quite something,” added Dexter.

“It’s a very special day.”

Even Star Wars' Queen Amidala goes green to celebrate St. Patrick's Day in Halifax

All Photos by Geordon Omand/Metro

Source: To View Original Article

Parade Image St Patricks Day

This weekend you may want to indulge in a favorite past time of the Irish and non-Irish alike. Our incredible city of Halifax has some great events to offer. Family fun for everyone can be had at the 7th Annual St. Patrick’s Day Parade at 11am on Saturday March 15th (route includes South Park Street, Spring Garden Road, Brunswick Street). Maybe you are looking for music, dancing and green beer. However you are looking to celebrate you can find the perfect event; check out The Coast for more information on where and when events are taking place this weekend and into Monday!


Home repairsTaking stock of your home's condition before you sell, and considering some strategic renovations to maximize your home's appeal to prospective buyers is sage advice. If you'd like to know more about what renovations and small changes can net the best results in Nova Scotia, our team can help. We can also refer you to qualified trades many fields that have provided great service to our clients and ourselves over the last few years.

Repairs to Make Before You Sell Your Home

New. Just replaced. Upgraded. Such sweet music to any buyers ears.

Before your real estate agent puts the “For Sale” on your lawn, it is likely that you will need to make some repairs and improvements. But what kinds of repairs should you make? Do you repair larger items? Do you totally upgrade the basement? Do you hope nobody will notice?

A home in move-in condition appeals to more prospective buyers. It is a given rule in real estate that a house in good condition sells more quickly than one that requires upgrading. If your home is well maintained, and shows well, many buyers could possibly make you an offer. With multiple offers, the price is likely to rise. This is not unusual in a hot market.

A home requiring a lot of work is less appealing to some buyers. Some people do not have the time, money or the inclination to complete the repairs. First-time buyers and those with a busy lifestyle generally want a maintenance-free home.

When considering repairs on your home, consider the market and your neighbourhood. In a hot market, perhaps you will not need to do anything. Perhaps, in a buyer’s market your repairs and upgrades should be completed in order to achieve the best possible price.

Home inspections are popular

Many buyers will request a home inspection. This could work for or against a seller. Depending upon how it is written into the contract, a buyer could terminate the contract upon unsatisfactory findings or if specified repairs are not completed. He or she could also re-open negotiations. An unhappy buyer could also request a substantial discount for the cost of the repairs. The seller pays for it now or later.

Do not get carried away

Dollar-for-dollar, not all home improvements raise the value of your home. It depends on the cost and type of improvement. You could spend $30,000 on a backyard paradise, complete with mature trees, waterfalls, rock gardens and sprinkler system. Will this mean your property is instantly worth an additional $30,000? Unlikely.

Many buyers like the idea of a garden and backyard. But a simple, attractive yard with a nice fence, swing set and flowerbeds is adequate. Most people are unwilling to place a $30,000 premium on a garden. If you spent $25,000 on Italian marble for your bathroom you would likely have the same result. While you are willing to pay the price, it may not significantly increase the value of your home by the same $25,000.

When you are considering renovations to your home, consider the cost and the neighbourhood. Select renovations that will not stretch your budget. Be mindful not to over improve your home in regard to the neighbourhood. When it comes to buying a home, buyers seek the least expensive home in the most expensive neighbourhood they can afford. If your home has too many improvements, it may be priced at the high end of the local market. From a selling position, you may not get the best price. It may also take longer to sell your home. And, the longer your home stays on the market; you are more inclined to reduce the price to ensure a sale.

Perhaps you are planning to move in a few years and hoping to recover the costs. Canada Mortgage and Housing Corporation suggests the following as a payback range of typical renovations:



Interior painting62-66%

Exterior painting62%

Main floor family room49-56%

Finished basement50-52%

Upgraded heating system48-50%


In-law or rental suite40-42%

Central air-conditioning38-43%

Energy-efficient upgrades33-39%

Source: To view original article go to:


Kid 38 kids' craft projects out of household items

Looking to do a fun project with your children? Check out these easy recycled crafts you can make with your kids using stuff you already have around the house.

By Heather Camlot

"Ooh, stuff that we can use," my seven-year-old son enthuses as he peers into our recycling container and pulls out a diet cola bottle, a tissue box and a yogurt container. I can already see the neurons firing in his head, determining what fantastic and fantastical object he'll create with his newfound discoveries. Watching his thought process and the expression of delight on his face is inspiring. And I know they're more important than the mess on my floor.

Making crafts from recycled materials

"Using recycled or found materials forces us to think a little harder about the process of art-making," says Patrice Stanley, an accomplished artist and art educator who teaches both privately and for a number of organizations and school boards throughout the Greater Toronto Area.

"Art-making is mostly about problem-solving, so using found materials becomes more challenging and therefore more creative. In some cases, when you buy art materials, the uses are spelled out, cookie-cutter." Ideally, she says, using a combination of both bought and found objects is best.

Stocking up for simple kids' crafts
So what supplies should you have on hand and which should you purchase? According to Stanley, a well-stocked art box includes white glue, glue sticks, scissors, pencils, erasers, coloured pencils, markers, a basic paint set (at least the primary colours in acrylic or tempera), paintbrushes, an X-acto knife, aglue gun and construction paper. You could also add bristol board, black Sharpies or felt-tip pens (thick and fine), as well as scrapbooking paper.

Items to collect around the house are endless, but a good start includes recyclables, such as paper towel and toilet paper rolls, newspapers, magazines, boxes, packing materials, egg and milk cartons, and plastic containers. Some useful kitchen goodies are food colouring, salt, flour, foil, wax paper and plastic wrap. Add to those fabric, buttons, wire, tissue and wrapping paper, old cards, and gift boxes and bags.

Simple kids' crafts you can do at home
1. Shadow-box:
One of Stanley's favourite projects to make with items found around the house is an "all-about-me shadow box." "It's super fun and easy, and kids love it," she says. Paint the outside of a solid gift box (lid not required), then cover the inside with wallpaper, wrapping paper, photos, knickknacks, mementos, little toys– anything that says a lot about a person – and affix them in place with hot glue (mom's job). Hang it on the wall or sit it upon a desk or dresser.

2. Outdoor paint: Fill an empty honey or mustard container with water and food colouring, then "paint" the snow in your backyard.

3. Rocket power: Tape two toilet paper rolls on either side of a plastic soda bottle and wrap the entire thing in foil. Add embellishments like orange tissue paper to the bottom of the toilet paper rolls, or add the bottom of a yogurt container for a window and a couple of buttons for the astronauts' faces.

4. Totem pole: Collect boxes of similar widths. Using papier-mache (newspaper, flour and water), design a face on the top of each box. When dry, paint the boxes in bright colours, then stack one on top of the other to create a totem pole.

5. Holiday cards: Cut similarly themed (red and green for Christmas, pastels for Easter, orange and black for Halloween) pieces of tissue paper, wrapping paper, fabric, old cards, magazines or gift bags into various small shapes. Glue them haphazardly or mosaic-style onto card stock for one-of-a-kind mailings.

6. All wrapped up: Lay out long sheets of packing paper – or scrap paper for smaller gifts – then paint a sheet of bubble wrap (bubble side up) in various colours and lay it over the paper, press and lift. Make other designs with corks, cookie cutters, tin cans and plastic bottle caps.

7. What's in a name?: Cut the letters of a child's name out of stiff cardboard, then wrap then in complementary fabric, wallpaper or wrapping paper. Secure each letter to a wide length of ribbon with tape then string the banner across a bedroom wall.

8. Bright light: Glue pieces of torn or cut tissue paper onto a clean glass jar with a wide opening and layer them as you go. When the jar is covered to your liking, use Mod Podge over the entire outer surface. (Mod Podge is an all-in-one glue, sealer and varnish available at craft stores.) Place a candle inside for a colourful glow.

Think twice before tossing your recyclables. One person's trash is another's treasure, after all. And what a brilliantly imaginative treasure it may turn out to be.

SORCE: To view original article

With our aging population and a growing desire for people to "age in place" and continue to live in their existing homes rather than moving into apartments or other assisted living scenarios, taking a hard look at renovations before they're begun to determine how well they will age with the homeowner is a major concern. "Universal Design" is a hot topic these days, and it involves looking at creating spaces that are accessible by individuals with reduced mobility by adding items like levers instead of door handles, relocating light switches and receptacles to an accessible (often lower) height on the wall and other similar items.

Design for universal accessibility and ageing in place is a winning strategy for a marketplace that is continually aging and provides for greater flexibility living situations in future years. The article below talks about some strategies advocated by the CMHC, which has been publishing on the topic since the early 1990s. If you have questions about how these concepts may affect you or your home's marketability, give us a call-we would be pleased to chat with you about it.


Renovations; Do it flexibly

Screen_Shot_2014-02-09_at_6.34.24_PMRenovators who incorporate flexible housing concepts into home design are able to take care of current needs and also look to accommodate the needs of a future generation as well


Is there a home renovation in your future?

If there is, and you are aged around 45, 50, 55, what principles will be guiding you on your project?

Most people are probably thinking modern, open-concept kitchen and dining rooms, expansive “indoor-outdoor” patios or crazy entertainment rooms – but are you giving a thought to 25 or 30 years down the road?

There is a small but growing movement in Canada to incorporate adaptable, or flexible, housing concepts into home design and renovations, with an eye to creating spaces not only for the present but also for household needs a generation or even two into the future.

Flexible housing is different from accessible housing. The former means planning for future changes, such that today’s renovation may include installing a piece of plywood into a bathroom wall now so that when a grab bar is needed by a future resident – perhaps the current homeowner, but aged and slowed in 25 years – the structure is all set for the minor addition. The latter is adding the grab bar, or low-level windows, or front-door ramp, right now.

“For people 45 to 55 years old, probably they own their house,” explains Josee Dion, senior researcher, housing needs for the Canada Mortgage and Housing Corporation. “And for them, 50 per cent of their housing stock is at least 30 years old.

“Most of them need repairs and renovations. So if they do the renovations right now, they should do it in a clever way, and think about the concept of flexibility.”

By now the statistics proving that society is aging are familiar. Statistics Canada notes that in 2006, Canadians aged 55 years and over made up about one quarter of the population, while those aged 65 years and older made up about 14 per cent. It is estimated that more than one-third (35 per cent) of the population will be over 55 by 2036, and almost one quarter (24 per cent) will be over 65.

Combine these raw numbers with surveys showing that 85 per cent of older Canadians want to age in place – that is, stay in their own homes as long as possible – and the need for wise and efficient planning for renovations becomes even more important.

The CMHC’s trademarked FlexHousing concept has been around since the 1990s and is expounded upon in an extensive section on the CMHC’s website. But predating the CMHC effort was that of Avi Friedman, 61, a McGill architecture professor who wrote about adaptable housing for both his master’s and doctor’s theses and in 1990 unveiled the concept of the Grow Home, a narrow, two-storey, single-family unit four metres (14 feet) wide with a basement that can adapt to multiple uses, including accommodating two or three households. “The design by nature is flexible,” says Friedman. “There were no support walls that prevented you from moving things.”

In 1997, he created the Next Home, again with an adaptable interior, that is three storeys and is intended for several families. In both cases, the theory he has espoused is that builders using his plans might offer buyers options for interior use of space. When needs change, he says, it is better to be able to move a wall in one hour than to take a sledgehammer to it, as depicted on all of the television renovations programs.

The Grow Home concept has been used in well over 10,000 homes in Canada, he says, primarily in the Montreal area where he lives, and also in the U.S. and England, and the book he wrote on it has been translated into other languages with the result that builders in the Czech Republic and China have also adopted his concepts.

In the context of adaptable homes, says Friedman, the number-one room for renovations is the basement.

“One of the things that distinguishes North American homes has been (the popularity of renovations in) the basement, basement areas by design left to the buyer to work on,” says Friedman. “We did some research and found tremendous things have been happening in the basement. People turning them into work spaces, living spaces, etc.”

Roofs are another area where his designs can mean future flexibility in renovations, he says. “If you look at roof trusses, we eliminated support wall from many interiors, and this gives us tremendous flexibility.”

Where builders have not borrowed complete Grow Homes plans in creating new housing, says Friedman, in many cases there are parts of the package used.

Both Dion and Friedman point out the advantages of embracing adaptable homes as a way of making renovations or additions more affordable. Dion says that by planning for future renovations now, major structural changes may not have to be undertaken down the road. Friedman says by incorporating adaptability from the beginning – with wide-open spaces that can be tailored to future needs that come along, perhaps when they can be afforded – the initial costs of a building a dwelling are reduced and so are future renovations.

One of the social trends that will dominate the next few years is the retirement of the baby-boom generation, says Friedman, many of whom will want to age-in-place. “The flexible home is about to be very critical in adapting the home to that stage. It will be on different levels. It will be on the component level, installing handrails, bathroom elements. And many people who will be able to afford it will have part-time or full-time help. So converting a portion of a home into a new dwelling can accommodate a nurse in those later years, or it will increase the income that they will have, if they can rent it out to someone else. So this will be the outcome of providing additional flexibility in design.”

The CMHC offers extensive information on its website to assist developers, renovators and homeowners in understanding the concept of flexible housing, and also looks for opportunities at conferences and home shows to preach the gospel of incorporating adaptability into building and renovations. Search “CHMC” and “flex housing.”

There have been several demonstration buildings or working structures constructed as well, including a National Research Council test house in Ottawa, Home 2000 in Burnaby, BC and FlexHouse in Richmond, BC. Student housing labelled UniverCity at Simon Fraser U. in British Columbia is also touted as embracing the adaptable housing approach.

Friedman, meanwhile, has two books available explaining the Grow Home and the Next Home, and of course there are thousands of units around the world that have been built that were inspired by his ideas.

“We sent fantastic amounts of information out, and I get postcards from British Columbia, from Ontario, and they say, this is a Grow Home. It isn’t recognized as such on the advertisements, but when you see a home that is 4.2 metres, 16 feet wide, with a basement, two storeys plus a basement, and when you walk in and you see the combination living room and dining room and kitchen, and the basement is usually unfinished, that’s it.”

“I gave the concept, and that concept was very successful.”

Look up “mix and match homes Calgary” on Google to view homes in Edmonton, Calgary and Austin, Texas that reflect Friedman’s concepts.

Source: To view original article

Kid 2

March break is a great time to book house hunting trips or to get a head start on showings if your move is local. Make your way to Halifax and The Bagogloo Team will help you find the home of your dreams. You can make it a vacation by enjoying some of the many events and seasonal activities our city has to offer. Go skating at the outdoor Emera Oval then warm up at the Museum of Natural History's reptile zoo exhibit - or check out some of the following links to help find the right events for your family. – Search under the events tab. - A great thing to relax in Halifax is to go to the movies, check out the Cineplex website for information on their March break toonie matinees. - this article has several links to help you quickly find more fun items to add to your list.

Our team wants you to not only love your new home but also the city you live in!


New Years Eve party ideas and a laundry list of New Year's Eve activities have been published on Kids Activities Blog. Have a fun and safe celebration together with the kids this year.

Dallas, Texas (PRWEB) December 29, 2013

Moms and dads with kids at home do not get to go to a glamorous New Year's Eve party. Seasoned moms are sharing party ideas and New Year's Eve activities on Kids Activities Blog. Create a family-friendly party right at home with fun-filled activities and yummy food.

A New Year's Eve party for kids is easy to do. Simply prepare a few things in advance such as a treat-filled piñata or confetti-filled balloons. A hot coca bar, a cupcake decorating bar, or even an ice cream sundae station will be a hit during the evening with the kids and adults.

Have several activities planned such as star gazing, making an I Wish tree, playing karaoke, or having adorable New Years Eve coloring pages available with a set of fresh paint or markers for the evening.

Kids love making noise and New Years is the perfect time to do so. Spread colorful bubble wrap on the floor and let the kids have a blast popping the bubbles.

Get messy and make some party paint. Mix shaving cream, food coloring, and glitter and let the kids have creative playtime in the bathtub.

Make the family feel like they are at Time Square by making a glittery sparkling ball out of styrofoam, glue, sequins, and rhinestones.

Consider making a fun party favor sensory bin for younger kids. For older kids build a count down line of bags to open throughout the evening. Put disposable cameras, games, new movies or other fun items that get the kids excited inside the bags. When the new hour comes along, let the kids open the bags one at a time.

For detailed instructions and to get additional fun New Years tips, check out Kids Activities Blog today. Come get inspired to have a memorable time with the family on New Years Eve this year.

About Kids Activities Blog

Kids Activities Blog is a website created by two moms (who collectively have 9 children), Rachel Miller and Holly Homer from June Cleaver Nirvana. It is their daily goal to inspire parents and teachers to play with kids. This interactive website publishes simple things to do with kids twice a day. Kids Activities Blog is a great tool for moms and teachers to find kid-friendly activities that create memories and sneak learning into the fun.

For the original version on PRWeb visit:


Phasing out CMHC insurance?

FLAHERTY: Should the federal government be in the business of insuring higher-risk mortgages at all?

Read More ...

Before Listing Your Home Checklist

Posted by

You have probably heard how important first impressions can be. But did you know that within the first 15 seconds of a viewing, a buyer can form their opinion of your property? Establishing the right first impression is critical to achieving a successful sale.

Consider how you may have personalized your home over the years and think about whether personal touches may have a negative impression on a potential buyer. A buyer must be able to visualize themselves living in your home - too many personal statements may not allow a potential buyer to see how their family will settle in.

A little preparation can often bring you a higher sale price and a quicker sale! Is your home ready? Use this handy checklist to help you begin to get your home ready to show!

Clean and Store

Store all bikes, toys and equipment out of sight.
Get rid of unnecessary furniture.
Clean closets and clear off countertops.
Scrub all tile floors.
Clean all carpets.
Clean all windows and mirrors.
Clean stains in all sinks and tubs.


Fix leaky faucets.
Replace missing door or cabinet handles.
Fix or replace broken appliances.
Replace broken tiles in bathroom or kitchen.
Paint if necessary.
Discuss major repairs with your Realtor®.

Freshen Up

Stop smoking in the house.
Bathe pets and clean out litter boxes.
Empty all trash, recycle bins, etc.
Dry-clean drapes and shampoo carpets.
Use baking soda boxes in smell-prone areas.
Place flowers, potpourri or air fresheners around the house.

Ask a "buyer"

Invite a friend to walk through your home like a buyer would. Get their opinion on whether or not it's inviting, clean and well-maintained. Consider making any changes they suggest.


The Bank of Canada is adopting a neutral stance on the direction of interest…

by The Canadian Press | on Wednesday, October 23, 2013

The Bank of Canada is adopting a neutral stance on the direction of interest rates over the next few years, signalling it may be as prepared to cut the cost of borrowing as to raise it, in light of persistently low inflation and a weaker forecast for economic growth through 2015.

As expected, the central bank announced Wednesday it is keeping the overnight rate which impacts short-term interest rates at one per cent, where it’s been for more than three years.

But removal of the central bank’s so-called tightening bias — in place since April 2012 — suggests at the very least that it’s even less anxious to raise interest rates than a few months ago.

The Canadian dollar, which had already been down against the U.S. dollar before the announcement, dipped even further after the Bank of Canada statement.

Markets are liked to see the statement as an indication bank governor Stephen Poloz is likely to keep the trendsetting policy interest rate at one per cent well into 2015.

The reason, the bank says in its latest monetary policy report, is that the economy is still not ready to transition from a reliance on domestic demand to export-driven growth capable of getting reluctant Canadian firms to start investing and hiring.

“In Canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the bank had been expecting,” Poloz and his governing council state in the summary of the report.

“As a result, the current level of economic activity is now estimated to be lower than was anticipated in the July report.”

In fact, the bank appears to have fundamentally re-written its playbook for the economy from a few months ago.

It has shaved this year’s growth projection by two-tenths of a point to 1.6 per cent, which would make the third consecutive year that the pace of economic expansion as slowed. It has revised downward even more dramatically next year’s forecast, by four-tenths of a point to 2.3 per cent, and for 2015 by one-tenth to 2.6 per cent. In July, the bank had forecast growth rates of 1.8, 2.7 and 2.7 for the three years.

As well, the bank says the economy is about 0.4 per cent smaller than it had previously calculated, has more unused capacity and will take longer by about six months to return to full capacity, now projected for the end of 2015.

For many economists, the bank’s new, darker tone puts it in the camp they’ve occupied for most of the year. They have long considered the bank’s growth forecasts too rosy and less enthusiastic about the so-called “rotation” from domestic to external demand — particularly given the fiscal games being played by Republicans and Democrats in the U.S. Congress since the end of 2012.

The bank is optimistic the damaging spate of recent U.S. government shutdowns, automatic spending cuts and threats of default are coming to an end, which should restart the U.S. expansion and hike demand for Canadian exports.

“The U.S. economy is softer than expected but as fiscal headwinds dissipate and household de-leveraging ends, growth should accelerate through 2014 and 2015,” it predicts.

But it admits to some worries as to how much this will help Canada in the short term. Weak demand partly explains the difficulty Canadian exporters have been experiencing of late, it says, but not all, adding that the under-performance “may be due to shifts in trade linkages that have been difficult to properly capture and to ongoing competitiveness challenges.”

It is possible, it says, that competitive pressures due to the high dollar and poor productivity will result in an even greater loss of market share for Canada’s exporting sector than assumed.

The bank concludes that there are still many risks to the global and Canadian outlook, both for good and bad.




The World’s Most Famous WAR MEMORIAL POEM
By Lieutenant Colonel John McCrae

                                                                                                                   image from 
In Flanders fields the poppies blow
 Between the crosses, row on row,
That mark our place: and in the sky
 The larks still bravely singing fly
Scarce heard am
id the guns below.

We are the dead: Short days ago,
 We lived, felt dawn, saw sunset glow,
Loved and were loved: and now we lie
In Flanders fields!  

Take up our quarrel with the foe
To you, from failing hands, we throw
The torch: be yours to hold it high
If ye break faith with us who die,

 We shall not sleep, though poppies grow
In Flanders fields

Composed at the battlefront on May 3, 1915
during the second battle of Ypres, Belgium

On May 2, 1915, John McCrae’s close friend and former student Alexis Helmer was killed by a German shell. That evening, in the absence of a Chaplain, John McCrae recited from memory a few passages from the Church of England’s “Order of the Burial of the Dead”. For security reasons Helmer’s burial in Essex Farm Cemetery was performed in complete darkness.

The next day, May 3, 1915, Sergeant-Major Cyril Allinson was delivering mail. McCrae was sitting at the back of an ambulance parked near the dressing station beside the YserCanal, just a few hundred yards north of Ypres, Belgium.

As John McCrae was writing his In Flanders Fields poem, Allinson silently watched and later recalled, “His face was very tired but calm as he wrote. He looked around from time to time, his eyes straying to Helmer's grave."

Within moments, John McCrae had completed the “In Flanders Fields” poem and when he was done, without a word, McCrae took his mail and handed the poem to Allinson.

Allinson was deeply moved:

“The (Flanders Fields) poem was an exact description of the scene in front of us both. He used the word blow in that line because the poppies actually were being blown that morning by a gentle east wind. It never occurred to me at that time that it would ever be published. It seemed to me just an exact description of the scene."

(In Flanders



In Canada, Remembrance Day is a public holiday and federal statutory holiday, as well as a statutory holiday in all three territories and in six of the ten provinces (Nova Scotia, Manitoba, Ontario, and being the exceptions). From 1921 to 1930, the Armistice Day Act provided that Thanksgiving would be observed on Armistice Day, which was fixed by statute on the Monday of the week in which 11 November fell. In 1931, the federal parliament adopted an act to amend the Armistice Day Act, providing that the day should be observed on 11 November and that the day should be known as "Remembrance Day". 


The Bagogloo Team wishes to express it's heartfelt gratitude to all members of The Canadian Armed Forces; Past, Present and Future; who's bravery, honour and devotion to this Country and it's People, has kept us safe and free.

Please remember to pause at 11am, November 11, and take a moment to remember and give thanks to those who have fought and died, for us, all of us - we honour you.


This message has been brought to you by:



Published  October 25, 2013

The Bank of Canada announced on October 23rd 2013 that it was keeping its trend-setting overnight lending rate at 1 per cent. It has been at this level since September 2010.

The biggest change from previous statements was that it no longer hinted that the next move will be a rate hike. Instead, the Bank defended its decision not to cut rates amid persistently low inflation.

The Bank said it does not want to risk reversing the current “gradual unwinding of household imbalances” and slowdown in household debt growth. In other words, the housing market is well behaved right now and the Bank wants to keep it that way.

The Bank said global growth had become “less favourable” for Canada. This is a reference to the slow pace of economic recovery and increased uncertainty in the United States, which is resulting in weaker than expected Canadian export growth and business investment.

Accordingly, the Bank has lowered its projections for Canadian economic growth this year and in each of the next two years.

The Bank now expects economic growth of 1.6 per cent in 2013, down from the 1.8 per cent projected back in July. Growth is expected to pick up to 2.3 per cent in 2014, which is down from a 2.7 per cent projection in July, and edge up further to 2.6 per cent in 2015, also down from 2.7 per cent in July.

The Bank now expects that inflation will not return to its 2 per cent target and the economy will not return to full production capacity until “around the end of 2015”. That’s been pushed back from the previous expectation of their doing so by mid-2015.

As such, the possibility of the Bank hiking interest rates anytime this year or next is likely off the table at this point. If anything, the odds that rates could be cut has increased; however, unless the economic outlook deteriorates further, the most likely scenario is that the Bank will keep interest rates on hold for quite some time yet.

As of October 23rd, 2013, the advertised five-year lending rate stood at 5.34 per cent, unchanged from the previous Bank rate announcement on September 4th.

(CREA 10/23/2013)

Canadian housing market expected to stay on hot streak

Published Sunday, Oct. 13 2013, 6:05 PM EDT
Last updated Tuesday, Oct. 15 2013, 8:29 AM EDT

"Canada’s housing market is back on a roll, a finding that should be evident in the September sales data that the Canadian Real Estate Association will release on Tuesday.

The slump that began in the summer of 2012 came to an end this past summer, with sales topping economists’ forecasts, and the market showing a surprising amount of momentum."


Here is some great footage from Terry Campbell as he boarded the iconic RE/MAX hot air balloon while it visited Halifax, watch below!


For more information about the infamous balloon, read more here:

We hope you're all having a wonderful day out there today!
Just wanted to share some great insight with you about Halifax's growth:

Halifax growth forecast in report | The Chronicle Herald.

Don't forget to comment, subscribe and follow--we love hearing from you!




RE/MAX nova is proud to announce that for the month of October, our Agents will be fighting Breast Cancer in a unique way. Agents will be contributing a portion of all sales to the Canadian Breast Cancer Foundation during October, and to bring awareness to the cause:


These new signs have been specially designed in conjunction with the Canadian Breast Cancer Foundation and feature a unique RE/MAX balloon logo. This will bring attention to both the cause and your listing.

All our signs will be replaced with the new PINK sign by October 3, 2013.

Almost everyone in Canada knows someone who has been affected by this terrible disease. We hope you share our pride and enthusiasm as we fight for the cure together.

Thank you for your continued support,
Frances Chaisson
President RE/MAX nova

Adam Cooper, Out and About in Beautiful Downtown Halifax


On September 21, 2013, the Alzheimer's Society of Nova Scotia hosted the Duck Derby in beautiful Downtown Halifax. This event brought out hundreds of people to experience and support this event. This city has a rich history of community involvement and local pride. We could really feel the enthusiasm and magic of living in Halifax on this day, and we would like to share a couple of clips from the Duck Derby and also the Seaport Market--a cultural staple in Halifax.

For more information on the Alzheimer's Society Duck Derby, follow this link:

For more information on the Halifax Seaport Market, follow this link:

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But Highlands sees healthy increase in the average sale price

The average sale price has made little movement in Nova Scotia according to the most recent data on the Nova Scotia Association of REALTORS®’ Multiple Listing Service (MLS®) System. Comparing the months of June, July and August in 2013 to the same three-month period in 2012 shows an increase in the average sale price of less than one per cent.

“Over the summer months last year, the average sale price was just under $216,000 provincially, while this summer the average sale price has held steady at just over $216,000,” says Gary Mailman, president of NSAR. “This means single-family residential listings are maintaining overall value here in Nova Scotia.”

There are, of course, some exceptions to provincial average changes. The Highland Region, for example, has seen a healthy increase in the average sale price, but no change in the amount of sales activity. Listings have also scaled back from last year’s levels as in other regions. So, why has the Highland’s average sale price performed differently?

“Every region is impacted by different economic factors and the impacts are ever more evident in smaller markets,” Mailman says. “This really is an example of each market being local and the reason why working with a real estate professional who specializes in your market is so important. An agent in your preferred location has the knowledge of what housing options are available, what types of housing are most in demand and what prices that market will tolerate.”

The Highland Region has enjoyed new growth thanks to job opportunities in Inverness and Port Hawkesbury. Employment is always a key factor in enabling people’s buying power and anyone looking to be active in the real estate market will be impacted by the results of the upcoming provincial election.

“The housing market in Nova Scotia has lots to offer right now,” Mailman says. “We have affordable housing, the continuation of low-lending rates and a high quality of life, yet we’ve seen less activity in 2013 compared to last year. One thing that can positively impact the market right now are economic opportunities and job creation, and that’s why the 1,800 real estate professionals here will be closely watching the election to see what positive movement may follow.”

Staff @ The Burnside News
Published on September 18, 2013



Click on the play button below to take a virtual tour


Contact Matt Welch at (902) 209-5594 today and view this home for yourself!

Moving can be very stressful between packing up your house and making sure you've cancelled utilities, provided forwarding addresses and obtained all the necessary records you'll need. To make your move easier, here's a moving checklist to ensure you cover all your bases.

1) Cancel utilities - Thirty days prior to moving make sure you notify utility companies (water, electric, gas, telephone, Internet, cable TV, water heater) of your move. Let them know when they need to be disconnected and where final bills should be sent.

2) Change of address - Provide your new address to the post office, subscriptions, neighbours, friends, family, newspapers and any other relevant organizations that require a current address.

3) Pets - To ensure your pets don't get lost during the move, change your address and phone number on their licenses.

4) Notify insurance companies - Make sure the companies handling your health, auto, life and home owners insurance all have your new address.

5) Obtain important records - Ask your doctor, dentist or other healthcare practitioners for your family's records. Also request your children's school records to take to the new school that they'll be attending.

6) Banking - Transfer your bank accounts to a new location and take out anything you might have stored in a safety deposit box.

7) Compile information for future homeowners - Put together all the information on the home that would prove useful for the new homeowners such as warranties, floor plans, instruction manuals and keys.

8) Personal ID - You'll need to update your personal ID such as driver's license, car registration, health card and credit cards.

9) Book your moving company - Don't leave booking your moving company to the last minute, especially in the busiest moving months of spring and summer.

These are just some basic guidelines that will help you get where you need to go quicker for your big move.  If you require further clarification and assistance, contact our team at [email protected] or call (902) 830-9006 and we will help you get moving into your new home!

There is an endless supply of different types of homes available for purchase – ranging from condos to townhouses to fully-detached homes.

The key is to decide what you can afford and which amenities you prefer before heading out shopping for a new home.

Your best first step is to seek the advice of a mortgage professional and get pre-approved for a mortgage.

That way, you already know what your price range is – and, therefore, which type of home you’re in the market for – before you begin shopping. Budgeting is also an important part of preparing yourself for the purchase of a home.

If you save for a down payment and up-front costs, such as closing costs and emergency reserves, much sooner, you’ll be sure to save enough to cover the many expenses facing a new homeowner, including moving, utility hook-ups, tools, maintenance supplies, window coverings and the list goes on.

Once you have the money available to make your home purchase a reality, you should weigh the following options to help decide what type of home is right for you:

Condo - a condo makes a great first home because it typically costs less than a townhouse or a detached home, which translates into a smaller down payment. But there are, however, monthly maintenance fees you must take into consideration when budgeting for a condo. Condos are also ideal for those who do not want to maintain a lawn or worry about clearing snow away from walkways and driveways.

Townhouse - if the condo life is not your forte and you’re not looking for a big yard to maintain, a townhouse may be your best home purchase option. A townhouse costs less than a fully-detached home and results in cheaper property taxes as well. Many townhouses also come with monthly maintenance fees unless they are freehold townhouses. In situations where you pay a monthly fee, however, you won’t have to worry about outdoor maintenance or snow removal.

Detached home - if it’s privacy you’re seeking as well as a larger yard, a detached home is your ideal choice. Still, prices can vary drastically based on such variables as whether you’re seeking a spot in the city, a place in the suburbs or a more rural location.

Other considerations - the size of the home and property (if you decide not to opt for a condo) are also important things to consider before you head out shopping. While everyone has their dream home in mind, this is not always a practical purchase choice, especially if this is your first home purchase.

When it comes to location, think about in which area or neighbourhood you’d like to make your purchase, and which home features are absolutely essential – including what you can live without and what aspects are entirely out of the question.

Take a look at real estate ads for the area (s) you’re interested in to see what’s on the market and the price ranges. Also drive around a few neighbourhoods and see what’s for sale and also visit open houses and new home builders’ show homes.This can help crystallize what you want or don’t want in a home and also helps you to understand the market.

By making your first purchase a modest and affordable home, you will be putting money towards a mortgage that will build equity in that home. And once you’ve paid down a significant portion of that first home’s mortgage, you will then have more money to put towards an upgrade into your dream home.

Demand a thorough job and get results in writing so that you won’t be left with a list of to-dos that should have been covered by and discussed with the current owners before you move in. The home inspection advice below was recently posted on and the following should give you additional insight into getting what you want out of your home inspection.

Make sure your real estate purchase contract includes an inspection clause. Typically, contracts allow home-buyers seven or so days after signing to have the property inspected. The results of the inspection can be used to ask the seller to fix trouble spots, or to adjust the selling price to cover the coast of necessary repairs. Get references – because laws regulating the licensing of inspectors are non-existent, Certification from a professional association is often a better barometer of an inspector’s experience and skills.

Demand a thorough job – There is very little stipulating exactly what must be covered during an inspection. A thorough job should include a complete assessment of the interior and exterior of the house, from roof to foundation, as well as some analysis of the heating, plumbing and electrical systems. Some crawl spaces may be too small or too dangerous for inspectors to wriggle into; expect to be told about any parts of the house that weren’t examined. For a three-bedroom, two-bath home, a complete inspection should last at least three-four hours, minimum and cost between $400 and $500, depending on the region and size of the house and property. A good home inspector carries a toolbox that includes natural gas detectors, moisture meters, outlet testers, voltage meters and an array of measuring devices.

Get results in writing – The inspection report is an excellent gauge of just how exhaustive the work is. A complete report should be anywhere from 15 to 20 pages long, describing in layman’s terms what was observed and any problems that were uncovered.

Some inspectors include estimates of the cost of repairs – but it’s considered a conflict of interest for inspectors to solicit repair business based on their findings. Make sure that the home inspector agrees to spend up to an hour or so with you to go over the details of the inspection and answer your questions. Hold the Inspector liable for missed problems – Inspection contracts tend to be “minimalist” documents, but they contain one critical piece of information: The Inspector’s liability if he fails to discover an existing problem with the house or property. In many cases, liability is limited to the cost of the inspection.

Guy Ward is a Mortgage Broker in Calgary, Alberta with TMG (The Mortgage Group Alberta).

A home inspection will cost you a little bit of time and money, but in the long run you'll be glad you did it. The inspection can reveal problems that you may be able to get the current owners to fix before you move in, saving you time and money. If you are a first-time homebuyer, an inspection can give you a crash course in home maintenance and a checklist of items that need attention to make your Halifax home as safe and sound as possible. Don't skip this important step in the home-buying process - it's worth every penny.

Switching brands is harder than you think!

Think of where we live: Halifax with its illustrious scenery and beautiful cultures coming together to call our home.

Your home.

BNea1GlCcAA-QfL.jpg largeJust like a logo on a t-shirt or an emblem on the hood of a car, identities can be discovered and transferred all over the place; an identity that is found between a person and the place that they are from can be stronger than any other force out there. We have that proud identity. It’s hard to convince someone to switch or leave their favourite shoe company for an unknown company; or worse yet, a company that once had a tarnished reputation. There is a very distinct car company that has taken the time to cater their product and brand to their loyal clients’ needs and wants—they have developed a vehicle to meet each stage of their life. We develop an attachment, a trust, a relationship.

This regional pride is a reflection that which extends greater than a tangible product that can be purchased off a shelf; it’s a lifestyle. Ranging from food, to music, to cultures, to homes—we are here to stay.

In a recent study, people actually have favourite real estate companies. This implies: stick to what you know! Furthermore, just because a home is available to you through different companies, it doesn’t mean randomly choosing one of them is the only way to purchase your new home. The study suggests that due to the regulations and company standards, the positivity is having a lasting effect on their clients. These home buyers and home sellers are committed to their favourite real estate company because of their need for a repeat experience. And that’s something to be proud of!

BP9O-kzCcAAaEk8.jpg largeRandomly search Halifax in any search engine and tell us you don’t see something exciting! All of those watery views and iconic landmarks, beaches and getaways that do not require more than 30 minutes of travel outside of the city’s core. We are truly privileged to live in such a breathtaking province when the seasons change we are able to experience the majestic nature that defines us.

Nature reflecting society. That is hard to find. Here in Halifax, we can say that with pride. Multicultural, multi-colourful. That’s exciting!

You’re home.




If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


Creating Curb Appeal, part 2

Are you looking to catch someone's attention when selling your home?
Are you looking to buy a unique home that stands out against the rest?

Halifax, we have another sunny weekend on the horizon, and what better way to spend it than being outside!  Grab your sunglasses, sunscreen, paintbrush and your partner in crime, because you'll be taking over your own front door! 


It's so important to figure out what type of paint you will need before you start buying. Starting with your inspirations and your home's surroundings (like we discussed in the previous blog) are some great ways to get yourself prepared before heading into your local home improvement store!  Staying up-to-date with design ideas and colour trends will give your house more oomph from the street (especially if Google Maps is updating your street).

However, trying to compete with design-industry professionals can be exhaustive at times, so go with your heart and pick the best way to accent your home from the outside in.  Grab some attention Halifax, call The Bagogloo Team and let them know if you're looking for a home with curb appeal, or selling your home that already has curb appeal, because (as you know) Experience Pays!

Creating Curb Appeal, part 1

Are you looking to catch someone's attention when selling your home?
Are you looking to buy a unique home that stands out against the rest?


It doesn’t matter which category you fall into because you will see a plethora of homes every day throughout Halifax, but you will only remember aesthetically welcoming homes that have strong curb appeal. Making your newly purchased or (old) on the market home sexy can be achieved more simply than you think!

  • Adding some pops of color can enhance the exterior of your home. The exterior of your home could require a fresh coat of paint, or just the trim—so when it comes to deciding on what colors to choose, build a color scheme that best suits your landscape and surroundings (for example: vintage and historic, modern and urban, etc.).
    • Note: If your home receives a great deal of direct sunlight, big and bold colors will appear more vibrant; if you are trying to achieve a more neutral or traditional style, choose colors with grey undertones. Try to save the brighter colors for accents like furniture and accessories.
  • Grab your visitor's attention at the entrance (first impressions count). Paint the front door a strong color and compliment it with a classic style door-knocker to give your home some "wow factor"! Freshen up (or replace) the railing and add small accessories to the interior or exterior like vases or flowerpots, flowerboxes underneath the windows or an antique lamp. These are just a few great ways to achieve an energetic vibe on the way into your home.

Home renovations can be both minor and major, but one of the most important things to remember is to be prepared! If your renos go to plan, you will create house envy among your neighbors! For more information on what types of exterior paint and color selections to choose from when painting your front door, please follow this link:

Stay tuned with The Halifax Real Estate Blog & The Bagogloo Team for more tips and tricks about giving your home some quality curb appeal, because Experience Pays.



If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.



As of late, Halifax's temperatures have reached record-breaking highs--32 degrees C, with humidity making it feel like 40 degrees and up! So what's our secret, besides melting to the floor?

Some would suggest large fans and air conditioning units are the answer, but the costs to run those just stay moderately cool could drive your electricity bills through the roof ... or through other seams and leaks! Proper insulation could remedy the climate of your "uninhabitable habitats". 

Better insulation offers more cooling
Sometimes homeowners may notice that they have especially hot or cold spots in their homes. While they may acknowledge the inconsistency these areas afford, people may not know that they can do anything about these instances. The best way to avoid experiencing fluctuations, excessive cooling bills or using an oversized A/C unit is to upgrade to spray foam throughout the house, which help seal walls and cut drafts around doors and windows, making it difficult for conditioned air to seep out of the house when the A/C is running.

20-dollar-bill-house[1]One of the biggest concerns for homeowners should be whether they’re using all the right products in their cooling systems, a situation that can easily crop up when adding a cooling element after initial construction has been completed. Home renovations are particularly susceptible to these areas of difficulty, since older construction buildings are often not designed for air conditioning and newer kinds of HVAC delivery.

Minding your materials
Specifically, homeowners should be aware that the tools they purchase to cool their homes are not always necessarily the best suited for their houses. The source wrote that a study of HVAC solutions in consumer homes found that A/C units are often oversized by 24% on average, though it’s not unusual for people to buy air conditioners that are as much as 100 times larger than what they need for the size of the spaces they’re servicing.

This can result in significant cooling costs for houses of all kinds. Using spray foam insulation makes it easy to keep up with climate demands without running up major electricity bills, making it an ideal solution for homeowners in parts of the world where extreme heat or changes in weather can otherwise result in rapid transitions from heating to cooling needs.

What’s more, this can help some residents reduce the overall size of their air conditioner units, making their homes more green-friendly and cost efficient. By cutting the ability of cold air to escape or warm outdoor air to leak in, homes can greatly reduce the frequency and duration of time for which air conditioners need to be run in order to produce a comfortable indoor environment. Remember to target areas like crawl spaces, garage ceilings, floor joists and areas that can be easily overlooked.

Stay cool Halifax. We deserve the heat, but not the bills to stay comfortable inside.  Whether you're looking to make the big move to Halifax or you're looking to upgrade your current home locally, reach out to The Bagogloo Team--they can show you how Experience Pays.


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.



Ottawa, ON, June 17, 2013 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS® Systems) of Canadian real estate Boards and Associations in 2013 and 2014.

Most Canadian housing markets have been evolving as anticipated since CREA’s last forecast released in March. National sales activity has held fairly stable since it moderated last August in the wake of changes to mortgage lending rules and guidelines.

Although sales in the first quarter of 2013 remained virtually on par with those in the fourth quarter of 2012, the monthly sales trend improved toward the end of the first quarter and accelerated in the second quarter.

National sales activity is now forecast to reach 443,400 units in 2013. This represents a decline of 2.5 per cent from 454,573 sales in 2012, and marks an upward revision from the previous forecast decline of 2.9 per cent. Alberta and Prince Edward Island are the only provinces where sales are projected to post an annual increase in 2013, with declines in other provinces reflecting the impact of more restrictive mortgage lending rules and guidelines.

“All real estate markets are local, with prospects that differ by region and community,” said Laura Leyser, CREA President. “For that reason, buyers and sellers should talk to their REALTOR® about the housing market outlook where they live or would like to live.”

CREA has also revised its forecast for national activity in 2014 to 464,300 units, representing a rebound of 4.7 per cent and reflecting a slow but steady improvement in activity. This still leaves national activity one-tenth of a percentage point below its 10-year-average, with activity remaining below levels recorded in the first half of 2012.

British Columbia is still forecast to see the strongest sales increase in 2014 (+9.9%) compared to a weak result in 2013. Most other provinces are forecast to post gains in the range between two and six per cent, reflecting moderate economic, job, population, and income growth and low mortgage interest rates.

In contrast to sales, average prices have held firmer than expected. The national average home price is now forecast to rise by 2.1 per cent to $370,900 in 2013.

The forecast increase reflects a compositional shift in the average price calculation. Steep declines in sales activity in Greater Vancouver and Greater Toronto during the second half of 2012 weighed heavily on average prices in British Columbia, Ontario and nationally at that time. Since then, their share of national sales activity has improved and their weight in the national average price calculation has risen. Ontario, British Columbia and national average prices are likely to rise above year-ago levels during the second half of 2013 as a result.

The upward revision to the average price forecast also reflects stronger than previously expected price growth this spring in other housing markets across the country. Average price gains in 2013 are projected to be strongest in Alberta, Saskatchewan, as well as Newfoundland and Labrador, with annual increases of between four and five per cent. At 3.6 per cent, average price growth in Manitoba is also forecast to exceed the national result.

The national average price forecast for 2014 has also been revised upward to $377,700 in 2014, an annual increase of 1.8 per cent. As in 2013, part of the increase reflects an expected increase in the share of total sales among relatively more expensive provincial housing markets and a further increase in their weight in the national average price calculation.

At 3.4 per cent, Alberta is forecast to post the biggest average price increase in 2014, with gains in Newfoundland and Labrador, Saskatchewan and Manitoba running just ahead of inflation. Average prices in Quebec and New Brunswick are expected to be largely flat in 2014, with other provinces posting gains in the range from 0.5 to 1.5 per cent.

JustSold“Canadians remain confident about the value of home ownership,” said Gregory Klump, CREA’s Chief Economist. “Job market trends and low interest rates remain supportive for Canada’s housing sector, so we remain upbeat about prospects for sales and average prices this About The Canadian Real Estate Association

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 100,000 real estate Brokers/agents and salespeople working through more than 100 real estate Boards and Associations.


Owning a home is a keystone of wealth — both financial affluence and emotional security.     ~ Suze Orman


Cartoon-3-pigsIf you are interested in buying or selling a home, don’t trust just a nyone with your  investment—trust the best!  The Bagogloo Team of RE/MAX nova are here to take care of you.  With a combined experience of 44 years, we know how to ride the trends to get the best possible “bang” for your “buck”!  If there is one thing we’ve learned, it’s that EXPERIENCE PAYS.



If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


Have the edge, whether you’re moving up or trading down

Home ownership has different phases. After being a first-time homeowner, most reach a time where they want to ‘move-up’ to a bigger home, or even ‘trade-down’ to a smaller one. You represent a unique demographic that influences the local housing market, and therefore, the economy. But, move-up and trade-down buyers will face some unique challenges in the next five to 10 years.

Recent Canada Mortgage Housing Corporation (CMHC) data estimates that a declining pool of youth in Nova Scotia will mean fewer prospective buyers. Buyers in this group will be largely affected by the economy in their community, and there are some areas of the province that need new employment opportunities to see positive developments in the housing market. Here are some current trends that REALTORS® are seeing throughout the province to help with your future planning if you are reaching this next chapter of homeownership.

Move-in ready, moves it! Many first-time buyers are looking for move-in ready homes. If you are planning an address-change for your family in the near future, you may want to concentrate renovation projects on making sure finishing touches are complete and up-to-date.

Patience, please. There has been a lack of urgency by most buyers as they consider the right purchase. With plenty of listings on the market, they are taking more time to weigh their decision to make an offer. This can sometimes cost a buyer a great property, especially when the home is priced appropriately (other buyers will be quick to snatch up properly-valued homes). 

Some move-up buyers or trade-down sellers may find it takes longer to sell, especially in areas of the province where the economy is suffering.

Be motivated. If you are truly ready for your next phase of homeownership, don’t fear the competition. Homes sell any time of the year and in all market conditions. Even if the pool of first-time home buyers recedes, there will continue to be a market for resale houses. What it takes to stand out above the competition is often just being motivated and organized. Talk to real estate professionals early to make the right steps to prepare, and to plan the appropriate asking price, as this will also influence your next purchase.

Be accessible. It is hard to predict when a buyer may be available to come and look at your home, and it will be to your advantage to make sure your home is accessible. Keep it clean and ready for a short-notice walk-through whenever possible. Be flexible and talk to your REALTOR® about setting up showings at the convenience of the buyer — it can help sell your home!

The Nova Scotia Association of REALTORS® represents more than 1,800 brokers, salespeople and affiliate members throughout the province. NSAR serves its members through a wide variety of educational programs, publications and special services. REALTOR® is a trademark, which identifies real estate professionals who are members of The Canadian Real Estate Association and, as such, subscribe to a high standard of professional service and a strict code of ethics.


We shape our dwellings, and afterwards our dwellings shape us.
~ Sir Winston Churchill




Whether you are a first-time homebuyer

or looking to up or downsize from your

current home, call The Bagogloo Team

our team of  dedicated professionals are

devoted to getting  you the best possible

return on investment and make your new

home transition a smooth and pleasant one.   


                                                               EXPERIENCE PAYS!



If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.



Finally an end to the short days, long cold nights and constantly trying to locate lost mittens!

While summer brings with it many advantages and lots of fun and activity, there are a few things we need to be aware of and pay extra careful attention too as well.  Unfortunately, one of those items is home security.  With vacations, weekends camping, and more travelling in general, summer is the time we need to be most adamant about securing our home from break-ins and theft.

Here are some important tips to keep your home and valuables safe:  

 Home security is an important part of any trip plan, whether you're preparing for a weekend getaway or an extended vacation. Besides protecting against burglary, it's wise to be proactive about mechanical problems, which can easily develop in a house left vacant and cause major damage that might not be discovered until you return.

To make sure
your home security is up to par and you can truly enjoy your trip, run through the following home security and vacant home checklist well before you pack.

    Inside Your Home:
  • Shut the main water valve. If you'll be away for a prolonged period of time, it's smart to shut down your home's water supply. Locate and turn off the main water valve, which is usually found on the front, street-facing side of a home's lower level (it may be located in the crawl space; if it's difficult to get to, a plumber can add an extension to put it within reach). If your landscape irrigation comes from the same line, arrange for a bypass valve to be installed so watering can continue as usual.
  • Drain toilets. As step two of the water shutdown plan, drain all toilets and tanks by holding down the flush lever until the water is gone.
  • Turn the water heater off. If your water heater is electric, turn off the large breaker assigned to it at the main electrical panel. For gas water heaters, turn the valve to the pilot position or turn it off completely, but only if you know how to relight it and will be away for an extended period of time.
  • Turn the breakers off. To minimize the risk of electrical fires, turn off all nonessential electrical circuit breakers in your home's electrical box (such as anything other than your heating system, security system and outdoor lighting). Well before you're under pressure to figure out which are which, take time to label circuits with small, colored dot stickers, using green for nonessential and red for essential.
  • Disconnect appliances. Unplug all appliances, large and small.
  • Lower the A/C. If you'll be away for a weekend, set your air conditioner to 80 degrees to lower air conditioning costs; if you'll be gone longer, shut it down entirely.
  • Lights on timers. Improve home security by putting lights in main living areas on timers and setting them to simulate occupancy.
  • Don't broadcast your absence. A burglar can easily be tipped off to your absence by an unanswered phone, so turn off the ringer and keep your everyday answering message in play. And never, ever leave a message or post on a Facebook or Twitter page saying, "I'm away on vacation."
  • Adjust blinds. Leave blinds and curtains in normal positions wherever possible, taking care not to expose belongings attractive to prying eyes.
  • Secure valuables. Protect valuables from theft (important papers, jewelry, etc.) in a home safe or safe deposit box.
  • Disconnect the computer. Make sure your computer is turned off and disconnected from the Internet, particularly if it contains personal information. Also put away or shred telltale bills and receipts that add to the risk of identity theft.
  • Set the alarm. Activate your alarm system; be sure to notify the home security company of your days away and provide interim contact information.
  • Lock up. Ensure that all windows and doors are securely locked before you leave for vacation. This may sound elementary, but all it takes is one of them ajar to welcome an intruder and threaten home security.    

                       Outside Your Home:

  • The trees. Finish all major yard work before you go, with special trimming attention given to trees and shrubs near windows and entries (a burglar doesn't need much to hide behind). Then put away all yard equipment and tools.
  • Plan maintenance. Line up help for outdoor chores such as mowing and manual watering so overgrowth and faded plantings don't give away your absence.
  • Improve lighting. Well-planned exterior lighting design can help keep your home safe while you are away. Put all outdoor lighting on timers and discourage intruders by adding motion-sensitive lamps in dark pockets, as well as in natural pathways.
  • Key tips. Remove all secret keys from their supposedly undisclosed outdoor locations, providing only one of your duplicates to the person who'll be in charge while you're out of town.
  • Collect mail. Have your house helper collect mail, parcels and newspapers daily. For added home security, invite a neighbor or family member to park a car in your driveway for the duration.


This summer take time to plan your activities carefully, a little extra attention and preparation can make all the difference, not just with summer home security, but in everything you do.


A perfect summer day is when the sun is shining, the breeze is blowing, the birds are singing, and the lawn mower is broken.  ~James Dent      

Believe it or Not!

  1. The first day of summer is known as the summer solstice and in Canada it falls on June 20 or June 21 each year, depending on when the sun is furthest north of the equator.
  2. People in the Southern Hemisphere have their longest day of summer in December.
  3. Solstice comes from two Latin words sol and sistere. Sol means sun; stitium is the verb which means to stand still.
  4. The first day of summer has been celebrated for centuries by people around the world.
  5. The names of the key summer months have Roman origins. June is named after Juno, who was the wife of Jupiter. Marc Antony named July after Julius Caesar and August was named after Caesar’s nephew, known as Augustus.
  6. Even though this is the longest day of the year, it’s not the hottest, due to something called seasonal temperature lag, which means that it takes a while for the oceans to let their stored summer solstice heat back into the air. That’s why it tends to be hotter in July or August than in June.
  7. One of the more annoying parts of summer are the mosquitoes, which have been around for 30 million years. It’s said they can find warm-blooded mammals from 100 feet away.
  8. School summer vacations were invented by educator Horace Mann in 1840.
  9. France’s Eiffel Tower can grow by more than 6 inches in summer due to the expansion of the iron on hot days.
  10. The oldest song sung as a round in English is about summer. It’s called Summer is Icumen In.
  11. The word honeymoon has associations with summer. The Pagans used that name for the first full moon in June because they drank fermented honey (mead) as part of summer wedding celebrations.
  12. Ice pops were invented by accident in 1905 by 11 year old Frank Epperson. He mixed soda and water and left the mixture out overnight with the stirring stick still in it. Since the temperature was low, the mixture froze. He patented the idea in 1924.
  13. Watermelon is not a fruit, but a vegetable.
  14. Many people enjoy throwing Frisbees in summer, but they were originally designed as pie plates in the 1870s. Students started throwing them in the 1940s.
  15. The first Summer Olympic Games were held in 1896 in Athens. Women were only permitted as spectators, women were first allowed to compete in 1900.

If you are interested in information on buying a home or selling your existing property, call The Bagogloo Team, our knowledgeable and friendly professionals can guide you through the process safely and expertly, always keeping your best interests at the top of our priority list.


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


Today Jamie Jackson of Cluett Insurance came to visit The Bagogloo Team, we had a very informative meeting and would like to pass on to you these pearls of wisdom that Jamie left with us. If you are not presently working with a Real Estate Agent we would be happy to assist you with any of your Real Estate needs or questions. We constantly strive to learn all we can to better assist you! Remember Experience Pays!

Buying a new home is one of life’s most exciting times. If you are a first time homeowner you are inundated with the minute details about each property you look at – Comparing neighbourhoods, school zones, taxes, fire protection, shopping and more – Thank God for your Real Estate Agent!

Protecting one of life’s largest investments against risk somehow ends up being one of the last things on new homeowner’s minds. It is probably natural not to want to think about anything bad happening to your new purchases. However, in order to secure a mortgage you will be required to have property insurance in place before any money will be released. Mortgage companies need to be reassured that their investment in you is protected.

Your Home Insurance policy should be designed to share potential risks so that in the event of an accident you, the homeowner, are not shouldering the burden of additional expenses alone. This means repairs, contents replacement, debris removal and other additional living expenses if you are unable to live in your home – are covered. You will still be able to continue to meet your obligation for mortgage payments and other day to day living expenses because your insurance is in place to help share the burden.

With Condominiums, your monthly condo fees will cover insuring the building itself and shared liability. Your Condominium insurance or “Homeowner insurance,” in this case, protects against risk to your personal property and the many shortfalls in your condominium association’s insurance on the property (i.e. Additions and Alterations, Unit Contingency, Loss Assessment, additional living expenses, etc.)

So, now that you have an idea why insurance is needed – How much does it cost? Well, there is no simple answer to that as it depends on a variety of factors – Starting with the estimated building replacement value calculation.

The building replacement can be higher or lower than the purchase price. Obviously a 2000 square foot Victorian in Cape Breton would fetch a different market price if it were placed in downtown Halifax BUT the cost to rebuild the home in both locations will be approximately the same.  

Insurance companies all have software programs that with answers to a few questions will make a really good educated guess as to what it would cost to rebuild the home from scratch. This is the Building Replacement value upon which all other coverages are based.

Other factors then come into play as to how much it will cost to insure that building replacement value; Insurance history, age, fire protection and prior claim history just to name a few.

Insurance can be one of homeownerships largest costs.  If you give yourself enough time to shop around your insurance, ask friends and family for agent recommendations, you undoubtedly will find better pricing and coverages along with an insurance professional that can help you and your family for the long haul. Life is a long game, play it that way.

Jamie Jackson

Business Development Manager

Cluett Insurance Brokers


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


Access to this data will provide you with the most recent information of the property, which brings about the question of what to do with this data when considering purchasing or selling a home. A REALTOR® can help put this information into perspective. It is important to understand not only the current value of a home, but also the current market trends for that particular location. If you are not presently working with a Real Estate Agent contact The Bagogloo Team with our over 40 years of collective experience we will be happy to help you and answer any questions you may have. 

Nova Scotians can access property sales data for free through the Property Valuation Services Corporation website beginning Monday. Here is the link,

Nova Scotians will now have more information about their property assessments through free online access to sales data from the Property Valuation Services Corporation (PVSC) beginning Monday, Jan. 14.

Previously, sales information used for property assessments was not broadly available to the public and only provided to owners who appealed a property assessment.

"Nova Scotians want easy access to property sales data and this change ensures they have that access in an efficient manner," said John MacDonell, Minister for Service Nova Scotia and Municipal Relations. "It will help property owners make more informed decisions about their assessment, and bring clarity, improved efficiency and greater transparency to the assessment appeal process."

Property sales data on comparable properties from July 2010 will be available online at .

"We believe the improved PVSC website will provide property owners with the information they need when reviewing their property assessment," said Russell Walker, chair, PVSC board of directors.

Property sales data is used for property assessment purposes. Making this information more easily available will allow property owners to make informed decisions about whether or not to appeal their property assessment based upon market values.

The Nova Scotia Association of Realtors is pleased to see these changes to assessment appeals and access to information.

"These changes will empower the public with essential details, when they are buying and selling a home, and if they need to appeal an assessment," said Nova Scotia Association of Realtors president Wayne MacIntosh. "With access to property sales information and guidance from real estate professionals, property owners will better understand the real estate market, and that's great news."

Nova Scotia property assessment notices for 2013 will be mailed out the week of Jan. 14.

Service Nova Scotia and Municipal Relations amended the Municipal Government Act in the spring of 2012 to allow for the disclosure of property sales prices and related information to the public.

The Assessment Act was also amended to extend the property assessment appeal period from 21 days to 31 days, change the name of the Regional Assessment Appeal Court to the Nova Scotia Assessment Appeal Tribunal and clarify its authority. These changes went into effect Jan. 1, 2013.

Published on January 11, 2013 Halifax Daily News File


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


How the financing game has changed.

Decoding the mortgage market


More and more people are looking at investing in Real Estate as a retirement plan. If you are looking at entering or expanding your real estate investments this article helps clarify and prepare you. Your real estate agent can help you determine what areas and types of investment properties will be right for you, using affordability, maintenance requirements, degree of management involvement as some of the criteria. If you’re not already working with a real estate agent, The Bagogloo Team would be pleased to help you determine if investing in property is right for you, and where best to put your real estate investment dollars.

With a tipsy housing market and the credit crisis still fresh in our memory, regulators and lenders are putting higher-risk borrowers under a microscope. That includes real estate investors.

As a result, it’s now trickier to qualify for a rental property mortgage – especially compared to the days before April 19, 2010. (That’s when federal legislation put an end to insured rental mortgages with less than 20 per cent down.)

So if you are considering a small rental property and need a mortgage soon, here are some things to remember.

You’ll need an ample down payment
If you buy a rental home that you won’t live in, almost every lender in Canada will want at least 20 per cent down. That’s $72,000 on the average $360,000 residential property.

And if you’re purchasing a condo or buying in a “higher-risk” city (like Vancouver), many lenders will want an additional 5 per cent.

Picking the right lender matters more than ever
If you want to be approved, your “total debt ratio” must fall within lender limits. At the risk of oversimplifying, your “total debt ratio” is generally your total monthly expenses divided by total monthly income from all sources, including rentals.

That sounds simple, but it’s not. A borrower’s ability to qualify often depends on how much of her rental income the lender recognizes.

You’d think that if a tenant pays you $1,000 a month, you could add that $1,000 to your income when qualifying for a mortgage. But in many cases, lenders will credit you with only 50 per cent of the rental income you receive, making it harder for you to qualify.

In all, there are four ways that lenders calculate your debt ratios, which are beyond the scope of this column. Suffice it to say, any competent mortgage adviser can point out lenders with borrower-friendly methods.

And there’s one last thing to keep in mind about debt ratios. Different lenders have different limits. Some lenders let you have a 42 per cent total debt ratio. Most others permit just 40 per cent. That extra 2 per cent can make a big difference , especially for folks with mortgages on multiple properties.

The moral here is that the lender you pick can have a major impact on your approval chances. If your qualifications aren’t perfect, you’ll need a lender that is open to some common sense underwriting exceptions, and those are getting harder to find.

Multiple rental properties = headaches
Many lenders prohibit you from owning and/or financing an unlimited number of rental properties.

Even if they don’t explicitly forbid it, the inability to count all your rental income in debt ratio calculations can make approvals challenging, and sometimes impossible. In fact, it often forces people with big rental portfolios to renew mortgages with their existing lender at unfavourable rates and terms.

So if you plan to finance a small rental empire, find a broker that has several clients with 10 or more rental properties. They’ll need that experience to help you know which lenders to use, and in what order.

The key to remember is that lenders with the best rates often have the tightest rules. If you want the best terms, you’ll want to use the more restrictive lenders early in your empire building and save the flexible ones for last. That ensures you don’t run out of competitive lenders when your portfolio gets big.

More paperwork
A few years ago, it was easier to use an appraiser’s estimate of a property’s rental income in lieu of a signed lease. Today, more and more lenders want to see a signed written lease or other proof of rental income.

It also helps to have two years’ tax returns available. That’s because using tax returns to show your net gain or loss on a property can make it easier to qualify, as opposed to using other standard debt service calculations.

The rate is often secondary
Rental mortgages are higher risk so many lenders now charge rate premiums.

Fortunately, you can still find lenders that extend their best rates on investment financing. The question is, do they offer the other features you need?

In keeping with supply and demand, the most flexible mortgages usually cost more. That’s especially true for investment property financing. Be prepared to pay a little extra if you need a lender that satisfies more than a few of these criteria:

  • has highly flexible rental income rules
  • allows you to carry a greater debt ratio
  • lets you put a property in a company name for liability protection
  • lets you finance more than four or five properties
  • doesn’t impose a minimum net worth requirement
  • allows 30– to 35-year amortizations to maximize your cash flow
  • lets you prove rental income with “market rent” appraisals
  • allows a gifted or borrowed down payment
  • allows you to add a second mortgage
  • will lend on large mortgages (e.g., $750,000+)
  • has a low minimum credit score (e.g. 600 versus 650)
  • allows rental income from suites that don’t conform with current municipal bylaws
  • provides cash back (sometimes handy for improvements and closing costs)
  • allows you to add a vendor take-back mortgage (this is where part of your purchase is financed by the property seller)
  • offers a line of credit with your rental mortgage
  • pays for your switching fees (this is far less common with rental mortgages than it is for regular mortgages)

Choose your broker carefully
If you want the best rental rate and most flexibility, an experienced no-fee broker is the way to go.

Rental financing is truly a specialization and probably only one in 10 mortgage professionals are actually proficient at it.

Rick Robertson, founder of the lender comparison firm Mortgage Mentor, says one way to screen brokers is to ask how many properties they’ve financed in the last year. If the number is less than 10 or 15, find a more experienced broker.

And Mr. Robertson adds, “Deal with a broker that uses a lot of lenders. Each lender has its own niche and no two lenders in Canada have the same rental policy.”

Robert McLister Special to The Globe and Mail

Published Monday, Dec. 10 2012, 5:00 AM EST  

Robert McLister is the editor of and a mortgage planner at VERICOintelliMortgage. You can also follow him on twitter at @CdnMortgageNews.


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


With a growing economy and the need to further educate ourselves when making the decision to purchase a home;  It is encouraging to see that the trend is to gain as much knowledge as possible; your Real Estate Agent can be a fountain of knowledge when choosing the home for you.  If you have questions and are not presently working with a Real Estate Agent, contact us The Bagogloo Team “our experience pays “

Ottawa, ON, November 26, 2012 – Consumers have a new tool to help navigate the complexities and financial implications of purchasing a home. Earlier today, The Canadian Real Estate Association (CREA), and the Financial Consumer Agency of Canada (FCAC) launched the Homebuyers’ Road Map. The Road Map is available on CREA’s website at

In a recent Nanos Research survey1 for CREA, more than 63% of Canadians indicated a “major need” for more information about the financial details of buying a home. That figure rose to 70% for respondents between the ages of 18 and 29.

“As REALTORS®, we appreciate that young Canadians and first-time homebuyers are craving more information about the financial details required to purchase a home. The purpose of the Homebuyers’ Road Map is to empower consumers with the knowledge, skills and confidence to make responsible financial decisions about one of the largest purchases they will ever make,” said Gary Simonsen, CREA’s CEO. “We’re proud to have collaborated with the Financial Consumer Agency of Canada to develop this guide.”

Launched to coincide with Financial Literacy Month, the Homebuyers’ Road Map is a guide which will help Canadians better understand the home buying process as well as appreciate the importance of negotiating with lenders and researching government programs.

“Helping Canadians plan for the future, make sound decisions and ensure the financial security of their loved ones are essential in this increasingly complex world,” said Shelly Glover, Parliamentary Secretary to the Minister of Finance.

“Buying a home involves a number of steps and many buyers need some help in understanding the various options available. In order to make the decision that matches their own circumstances and goals, consumers need some money know-how — which is what financial literacy really is,” added Ursula Menke, Commissioner of the Financial Consumer Agency of Canada (FCAC). “This guide will help people make the right decision, and adds to the information on mortgages, loans and banking available on our website,”

To access the Homebuyers’ Road Map, and to find out how a REALTOR® can help, please visit and click the Buying or Selling? tab.


The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 106,000 REALTORS® working through more than 100 real estate Boards and Associations.


With educational materials and interactive tools, the Financial Consumer Agency of Canada (FCAC) provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their rights and responsibilities when dealing with banks and federally regulated trust, loan and insurance companies. FCAC also makes sure that federally regulated financial institutions, payment card network operators and external complaints bodies comply with legislation and industry commitments intended to protect consumers.

You can reach FCAC through its Consumer Services Centre by calling toll-free 1-866-461-3222 (TTY:  613-947-7771 or 1-866-914-6097) or by visiting FCAC’s website:


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


How to decide what is best for you



As a professional Real Estate Team that is “Passionate About Service” we will take the time needed to help you list your home or find the perfect home for you! This article will help you decide what steps you will want to take when deciding to sell or buy.

Homes are rarely, if ever, one-size-fits-all. As your life changes, so can your housing needs. At some point, the big question arises: Should we stay or should we go?

A layout that's spacious and convenient to a first-time buyer can seem cramped and congested by the time you add kids, pets or a home office to your life. Whether to sell or to stay put depends on many factors, both financial and emotional. Consider these key questions before staking the "For Sale" sign.

Will your current home fit your changing lifestyle?

"A new job, a growing family, an empty nest — these are a few of the most common triggers for moving," says Sheila Johnson, a TD Canada Trust Mobile Mortgage Specialist based in Toronto. "And financial priorities are most often changing right in step with household needs, so it makes sense to look at your whole picture with respect to housing and financing costs," she says.

Could renovation be the answer? 

If lack of space is your biggest concern, options may include finishing the basement or attic, adding an extension or reconfiguring a floor plan to suit your needs. Or, if it's a change of scene you're looking for, think about whether an updated décor, new appliances or finishes would be enough to help you fall in love with your dwelling all over again. "The equity you've already built in your home may be able to help secure financing for the renovations you want," says Johnson.

 Would it be more cost-effective to renovate or move?

It could be cheaper to buy your dream home ready-made rather than create it, depending on the features you're looking for. Visiting open houses that meet your wish list, and then comparing those prices with what you'd have to spend to get similar results in your existing home, may prove helpful.

What’s the market like in your area?

When considering whether or not to put a home up for sale, a market analysis may be a good early step to take. The biggest factor in your home's sale could be the market conditions in your neighbourhood — even on your particular street — compared with other homes. Your professional real estate agent should be able to help you with these comparisons.

How attached are you to your neighbourhood and your neighbours?

Sure, you'll plan to keep in touch, but moving away from a beloved community can be a big change for family members. How much do you each rely on your neighbours and local amenities like schools, churches, libraries and shops?

Are you willing to take on a new mortgage?

Stepping up the property ladder can be a way to build more equity for the future, while downsizing can help you work toward becoming mortgage-free sooner. "Mortgage options aren't 'one-size-fits-all' today," says Johnson. "While homeowners might be focused on the property search, we try to look for financing ideas geared to individual goals and circumstances."


If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.


CTV’s Jamie From The Marilyn Denis show has some useful tips for home buyers

  • Consider your annual household income. This is a key factor when determining how much of a mortgage you can afford. In addition to calculating your annual household income, consider any income changes that may impact your ability to make your payments. For example, if there are currently two major income sources within your household, would you still be able to afford your mortgage if one was removed? What if a child comes into the picture and your partner decides to become a stay-at-home parent? Consider all factors before deciding.
  • Consider your down payment. Currently, you are required to have at least a 5% down payment when buying a house. The size of your down payment is one factor in determining the size of mortgage you can afford.
  • Consider your debt. When determining “How much can I afford?” one of the other important factors to take into account is the amount of debt you currently have. The lower your debt-to-income ratio, the more money you’ll likely have to put towards your mortgage. In addition, your debt level will also help to determine how large of a mortgage you will qualify for.
  • Consider your amortization period. If you are simply trying to keep your regular mortgage payments low in order to comfortably fit the payment into your budget, you will probably want to apply for a mortgage with a longer amortization period. However, if you don’t mind a somewhat larger regular mortgage payment in order to save money on interest in the long run, you may want to consider a shorter amortization period.
  • Consider your closing costs. Closing costs, such as home inspection fees, appraisal fee, property survey, land transfer tax if applicable and legal fees are an often overlooked expense that will definitely help determine how much money you can afford as a down payment.
  • Consider your property taxes, various types of homeowner’s insurance such as damage, title etc. and additional expenses. Lastly, there are a few additional expenses that may impact how much money you have to put towards your mortgage each month. Expenses like property taxes, homeowner’s insurance and even things like home maintenance should be factored in before making your final decision. These costs are often overlooked but should be considered before settling on the home of your dreams.


The latest announcement from the Bank of Canada represents good news for buyers and sellers in Halifax and area, as borrowing costs will continue to be attractively low (relative to historic amounts) and should represent a good opportunity for buyers who were considering making a move in the fall of this year, into next spring. Rates remaining steady will help to offset some of the effects of the recent tightening of borrowing rules by the Finance Minister, and should lead to continued solid activity in our market for the next half year.

The Bank of Canada kept its overnight rate target at 1 per cent on July 17th, 2012. Borrowing costs have been unchanged at this level since September 2010.

The text accompanying the announcement reiterated many of the same points that were in the June 5th statement. This includes the wording of the bottom line, which leaves the door open to future rate hikes, but taken together with an overall weakening of the outlook pushes back the timing of any future rate increases.

The Bank said that recent developments were pointing to a renewed contraction in Europe, while the deceleration in growth has been greater than anticipated in China and other emerging economies. The Bank also noted that the economic expansion in the United States was continuing at a gradual but somewhat slower pace.

In Canada, the Bank expects those global headwinds will be offset by domestic factors, leading to moderate economic growth. Specifically, the Bank said, “consumption and business investment are expected to be the primary drivers of growth, reflecting very stimulative domestic financial conditions.”

That said, these will be paced by the impact of lower commodity prices on Canadian incomes and wealth, as well as by record-high household debt. The Bank also added that housing activity is expected to slow from record levels.

In light of all those factors, the Bank now expects the Canadian economy will grow by 2.1 per cent in 2012 and 2.3 per cent in 2013. That’s down from its previous projection for growth of 2.4 per cent this year and next. In contrast, the Bank now forecasts growth of 2.5 per cent in 2014, up from 2.2 per cent in the April Monetary Policy Report (MPR).

The slightly weaker outlook for growth in 2012 and 2013 means it will now be the second half of 2013 before the economy returns to full capacity. This was previously forecast to occur in the first half of 2013.

Core inflation is expected to remain around the 2 per cent target going forward, but total CPI inflation is now expected to dip noticeably below that level owing to the recent drop in gasoline prices, with futures prices suggesting this will persist for some time.

The bottom line was unchanged from the June 5th announcement, stating that, “to the extent that the economic expansion continues and the current excess supply in the economy is gradually absorbed, some modest withdrawal of the present considerable monetary policy stimulus may become appropriate, consistent with achieving the 2 per cent inflation target over the medium term. The timing and degree of any such withdrawal will be weighed carefully against domestic and global economic developments.”

So while the cuts to the forecast for economic growth and a weakened global outlook mean rates will likely remain lower for longer, the Bank is indicating it would still like its next move to be a rate hike, provided global and domestic trends play out as expected going forward.

As of July 17th, 2012, the advertised five-year lending rate stood at 5.24 per cent. This is unchanged from June 5th, when the Bank made its previous policy interest rate announcement.

The Bank will make its next scheduled rate announcement on September 5th, 2012.

(CREA 07/17/2012)



If you have questions, or want advice on Buying or Selling a home, get in touch with The Bagogloo Team of RE/MAX nova by email at [email protected] or call 902-830-9006.