Housing News


  QUOTE (s) this MONTH


“One of the greatest titles in the world is parent, and one of the biggest blessings in the world is to have parents to call mom and dad."  

Jim Demint


"A child who is allowed to be disrespectful to his parents will have no true respect for anyone."

Billy Graham


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Association of Regina Realtor's 

"AUGUST" MLS®  Stats


In August, 2017, we have seen a total value of 308 listings sold which has resulted in 3.14% decrease from August, 2016 in which 318 listings were sold; we have seen a year to date value of 1,962 in 2017 and 2,065 in 2016 resulting in a 4.99% decrease.

The median sales price for the city for the month of August was $324,000, a 8.54% increase from 2016 median sales price of $299,000.  We have seen a year to date median sales price of $302,000 in 2017 and $307,000 in 2016 resulting in a 1.63% decrease from 2016.

In August, 2017 the total count of listing inventory available on the market was 1,682.  In August, 2016 the total count of listing inventory available on the market was 1,333.  This results in a 26.18% increase from August, 2016 to August, 2017.

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For more Regina real estate stats go to

www.reginarealtors.com

Source of information from the Regina MLS® System


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The REALTOR® Code

CREA’s REALTOR® Code has been the measure of professionalism in organized real estate for over 40 years. The first code was approved in 1913; members approved the first code of ethics specific to CREA members in 1959. The Code has since been amended many times to reflect changes in the real estate marketplace, the needs of property owners and the perceptions and values of society.


A REALTOR’s® ethical obligations are based on moral integrity, competent service to clients and customers, and dedication to the interest and welfare of the public. The REALTOR® Code, by setting high standards of professional conduct for REALTORS®, helps to protect Canadians’ rights and interests. It also creates a level of trust between REALTORS® and their clients.


 Download the REALTOR® Code (PDF).


A STRICT STANDARD OF CONDUCT


The REALTOR® Code establishes a standard of conduct, which in many respects exceeds basic legal requirements. This standard ensures the protection of the rights and interests of consumers of real estate services. As a condition of membership, all REALTORS® agree to abide by the Code.


Key items of the Code include:


  1. REALTORS® must disclose in writing whom they are representing as an agent in the transaction, and explain to parties in a transaction the details of the agency relationship; and
  2. REALTORS® can’t acquire an interest in property (either directly or indirectly) without disclosing the fact that they’re real estate professionals.


THE CODE AND THE LAW


The REALTOR® Code establishes obligations that may be higher than those mandated by law. However, in any instance where the code and the law conflict, the obligations of the law must take precedence.

Courtesy of: Canadian Real Estate Association (CREA) CREA.CA


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Green Housing
 > Moisture and Air: Problems and Remedies > Checklist: Moisture Problems in the Basement 

Checklist: Moisture Problems in the Basement

A damp or wet basement, especially if heated, may generate much more moisture than all other sources combined.

Wall with water damage

Typical Signs

  • Wet or damp floors or walls.
  • White powdery stains on exposed concrete walls or floor.
  • Stains on carpet.
  • Condensation on windows.
  • Rotting windowsills.
  • A stuffy, damp smell.
  • Mould on overhead joists behind insulation.
  • Mould on stored items (that is, cardboard, clothing, etc.).
  • Mould in cold cellar.
  • Mould in corners of outside walls or ceiling.
  • Condensation dripping from cold water pipes.
Leaky faucet

Possible Causes

  • Earth floor in crawl space or basement.
  • Water leaks through cracks in walls or floors.
  • Leaky appliance or plumbing.
  • High RH during the summer.
  • Uninsulated walls.
  • Flooding.
  • High water table.
  • Exterior grading of grass, walks, paved surfaces, gardens near basement walls slopes toward house.
  • Sump pump not operating properly.
  • Open, water-filled sump pump pit.
  • Uncontrolled or improperly set humidifier.
  • Carpet on concrete floor.
  • Hot tub or pool inside home.
  • Firewood stored in basement.
  • Unvented dryer (or dryer duct leaky or disconnected).
  • Wet clothes hung inside.
  • No exhaust fan in bathroom.
  • Items stored against wall or on floor reducing air circulation over cold surfaces.
  • Unheated basement or crawl space.
  • Blocked footing drains.
  • Flue gas condensation leaking from chimney.
  • Spillage of combustion gases from furnace or water heater.
Clothes hanging outside on a line

Practical Solutions

  • Cover earth floor in crawl space or basement with polyethylene with sealed joints or install a concrete floor with polyethylene sheet underneath.
  • Fix cracks and leaks in basement.
  • Excavate and repair/replace exterior moisture barrier system.
  • Fix leaky plumbing and appliances.
  • If the water and/or mould damage was caused by sewage or other contaminated water, call in a professional who has experience cleaning and fixing buildings damaged by contaminated water.
  • Fix landscape grading around the house — ensure all surfaces slope away from the building.
  • Repair sump pump.
  • Install a tight-fitting cover on the sump pump.
  • Do not humidify the home unless absolutely necessary. Ensure controls are operating and properly set if humidifier used.
  • Remove carpets.
  • Cover or empty hot tub when not in use to prevent evaporation.
  • Store firewood outside the house.
  • Vent clothes dryer to outside — ensure joints are sealed with foil tape.
  • Do not hang clothes to dry in the basement.
  • Install bathroom fan ducted to the outside.
  • Minimize stored materials in the basement.
  • Provide sufficient heat to the basement.
  • Have footing drains inspected and improved, if necessary.
  • Dehumidify basement during the warm months (with windows closed).
  • Remove ceiling tiles if they have mould.
  • Insulate cold water pipes with closed-cell foam pipe insulator.
  • Insulate walls (but only if moisture problem solved).
 





Shirley MacFarlane
Shirley MacFarlane
Salesperson