Welcome to the RE/MAX Waters Advantage! Orangeville Real Estate Blog

Tip #8 - Overcoming Your Fear

One of my clients were recently stuck in an area of life and experiencing fear of what would happen if they took a particular action. This fear had them paralyzed from taking any action and they were frustrated.

Because this is a very common barrier to producing results in life I thought it valuable to provide you with one of the many exercises that I use in coaching which helps my clients gain insights and pathways to desired results.

The unconscious part of the brain that is responsible for our survival is always at work to ensure we are safe. When there is a perception that our safety could be jeopardized our focus goes to one or a combination of fight, flight or freeze.

Human beings have been on this planet a very long time and this is the part of our brain that played a big part in our survival. No matter how logical we are that the fear is just a perception and not real we will remain stuck until we can communicate otherwise on the level of the subconscious mind. Like being in a cage with a tiger it can seem like we are out of control or powerless to alter our situation. The results we want in life as positive as they may seem will remain out of reach until we handle this underlying fear.

So, identify your fear. Then make a plan with some smaller steps you can take to gradually lessen your discomfort.

Take 5 minutes. Take out a piece of paper and a pen. And write down all the wonderful ways you can come up with how making this change will improve your life.

These are a few ways you can start overcoming the fear and move one with your life.

Tip # 7 - Exercise, Exercise and Did I Say Exercise...

Like in getting physical. I’m not doing this every single day, but I’m doing it often enough. A part from your brain there’s a body, too. A collection of joints, muscles and bones. And in order to be balanced you have to take care of those too. The good news is that your body has a feedback mechanism for the good things you do to it: it’s called “endorphins”. Every time you start your day with a decent workout, you’ll be blessed with a decent rush of endorphins. Usually, it lasts until evening.

What are Chattels and Fixtures? And Do I Need Them?

Orangeville Real Estate Video Blog #18 - September 21, 2010

David waters video blogs about what chattels and fixtures are and what happens if things don't work on the day of closing. If want to voice your opinion or if you don't care for David's comments please email your feedback to [email protected] and visit http://www.watersadvanatage.com for all the David Waters

Tip #6 - Help Somebody

I challenge you today to do something for someone else.

So often we are so consumed with our own issues and drama that we forget to reach out and touch someone else. If it’s just for one moment, take your eyes off of yourself and your problems and take a moment to help someone with theirs. Surprisingly that moment will be worth more to you and be more beneficial than the 23 hours and 59 minutes remaining in your day.

Smile at someone, do part of a small chore, ask questions then come up with an answer, move an object out of somebody’s way. No need to be huge or visible. Just keep in mind the intention of being helpful immediately to somebody else. During the morning your mind is far more clear and you have access to more energy than usual. Hence, your helping activities will be much more effective if you decide to do them as the first thing after you wake up or at least during the morning :)

Let's Be Real For a Second... What's the Future of the Orangeville and GTA Real Estate Market?

There's a lot of speculation and there will always be about where markets are heading.

In fact, I find  that it's hobby for a lot of people.  I get asked this question almost daily... "Dave, how's the market?"

Well, are you a buyer or a seller?  Generally one of them is always pleased with how the market is doing.  :)

Anyhow, I found this article, and it reflects many of my beliefs about the real estate market in Orangeville and the GTA.  It's by Jim Adair at RealtyTimes , who in my option is one of the best and most neutral writers in the entire industry.  He is thoroughly researched and presents both sides of an issue.

I've highlighted in bold the phrases that best sum up the article, and my point of view, too.

After you're done reading, I've added a link to a YouTube video that talks about the effects of interest rates on prices, and vice versa... and I believe the video answers the important two questions:  When is the best time to buy a home?  and How is the market?

So enjoy!

Here's the article:

The title of a recent report by the Canadian Centre for Policy Alternatives (CCPA) sums up its findings succinctly: Canada's Housing Bubble: An Accident Waiting to Happen .

The report generated a lot of media and prompted several other economists to respond, with most disputing the idea that Canada is headed for a housing crash. Most believe that Canada's economic fundamentals and government policies will be enough to avoid a downturn like that seen in the United States, but those opinions are not unanimous.

" I think Canadians have come to expect that their houses will increase in value by five per cent to 10 per cent a year and the truth is, like the U.S., that kind of return on investment simply can't continue indefinitely," says David Macdonald, author of the CCPA report. "Record-low mortgage rates and deregulation of the Canadian housing market means that housing prices are getting far outside of their historical 'comfort zone'. My concern is that when we get outside of that zone, housing prices become much more volatile and can be affected quite dramatically by changes in mortgage rates."

Macdonald says that Edmonton, Montreal and Vancouver housing markets are "particularly at risk" of a housing crash. In the worst of three scenarios Macdonald says Edmonton house values would drop by 39 per cent in less than three years, while Montreal and Calgary would suffer losses of 30 per cent. Vancouver prices would also drop by 30 per cent ("a gut-wrenching $66,000 a year loss in property value over almost three years"), while Toronto values would drop by 20 per cent and Ottawa's by 14 per cent.

"The bursting of housing bubbles is a rare event in Canada, but the steep rise in house prices in so many cities displays all the hallmarks of an accident waiting to happen," says Macdonald.

But Mario Lefebvre of the Conference Board of Canada is one of many economists who disagree with Macdonald's view.

"Let's put things in perspective: the Canadian housing market has generally been booming for about a decade now (except for a slowdown during the recession), and the Conference Board of Canada has long claimed ... the market would have to come back to more normal levels of activity," says Lefebvre. "This is what's happening right now. It has to be stressed that 24 of 48 markets are currently showing a balanced stance in their existing home markets, a sign that the recent large declines in sales have more to do with a return to more normal levels of activity than the start of a steep downturn."

Lefebvre says, "We are not the U.S. The house price bubble in the United States came about due to elements that have less to do with economic fundamentals than with U.S.-specific laws…If anything, Canada will see a pause in home price growth with possible marginal declines in a few markets, but nothing near what the United States has been through."

Another report by Jim MacGee of the C.D. Howe Institute also concludes that "Canadian housing policies, which avoided the sharp decline in underwriting standards seen in the U.S., worked well in reducing the possibility of a housing bust in Canada during 2008-2009, and continue to mitigate the risk of a massive wave of defaults in the future."

Housing affordability is the "best indicator of underlying market tensions," says Robert Hogue, senior economist with RBC . Although affordability has deteriorated recently, it "remains much better than it was in the late 1980s and early 1990s when bubbles clearly caused the Canadian market to melt down in the years that followed," he says.

Affordability levels do not "flag any major misalignment with respect to prices. At most, it points to a moderate degree of over-stretching on the part of Canadian households – something that can be righted in time without causing a significant disruption in the market."

Hogue acknowledges that there are regional differences in the market and that the Vancouver and Montreal, in particular, are feeling more affordability stress and could see some value declines.

BMO Capital Market's Sal Guatieri says that house prices in Canada doubled in the last decade and rose five times faster than the consumer price index and more than twice as fast as per capital disposable income. "That said, the heady price gains follow a stagnant period when housing was underpriced for most of the 1990s (on a price-to-income basis)," says Guatieri. "Even a 10 per cent to 15 per cent correction (as in 2008) would hardly qualify as a bust. It would merely return prices to 2007 levels and probably not cause much collateral damage to the economy. Americans can only wish that home prices had 'crashed' by that much, rather than by one-third nationwide and by more than half in several cities like Las Vegas, Miami and Phoenix."

He says that in the decade before the U.S. crash, prices in that country rose by "an eye-popping 193 per cent, almost twice as fast as Canadian prices."

But Guatieri says "the real difference that sets Canada apart from a U.S.-style housing collapse is that the vast majority of homeowners north of the border can actually afford their mortgage, not just for a month or two but for the long run, even if interest rates return to normal levels.

"Instead of handwringing about a bubble, we should take some comfort in the recent softening in prices, as continued heady gains could well have given us something to fret about."

Your Closing Day and What Happens on That Date

Orangeville Real Estate Video Blog #17 - September 1, 2010

David waters video blogs about what happens on your closing date and what you need to know to ensure things are going to close. If want to voice your opinion or if you don't care for David's comments please email your feedback to [email protected] and visit http://www.watersadvanatage.com for all the David Waters