5 Real Haunted Houses in Canada

Halloween is here and the urge to uncover the paranormal is stronger than ever. Canada is no stranger to spooks, ghosts and apparitions, as these real life haunted houses will show.

The Customs House (Hamilton, Ontario) This Victorian era House is a testament to classical architecture and has been used for a variety of purposes since being built in 1860. The Haunted House | Halloween Real Estate Fun with Text4Homes.combuilding is also home to a mysterious “Woman in Black” whose image has appeared before many visitors over the last century and a half. Along with the ghostly apparition, many residents have reported hearing disembodied voices, feeling unexplained drops in temperature and finding locked doors forced open. The House is now used by the Ontario Workers Arts and Heritage Centre (OWAHC), who recognize the importance that the “Woman in Black” has on Ontario’s heritage, as reports of strange activity continue.

Hycroft Mansion (Vancouver, B.C.) The former home of General Alexander Duncan McRae, this impressive mansion is also the reported home of several ghosts, many who allegedly appear in WW1 uniforms. Residents and visitors alike have reported hearing strange crying sounds from the mansion’s halls. The house is currently owned by the University’s Women’s Club and appropriately hosts many crews filming science fiction shows like The X-Files.

Madison’s Haunted Inn (Kincardine, Ontario) Built in 1858, this historic house had been a site of recurrent tragedy for its original owners, the Gentle family. Nearly all the family members died from falls, illness and suicide inside the home. It is said the family still haunts the halls as visitors at the Inn report seeing dark figures and hearing strange voices. The Madison Haunted Inn is a popular tourist attraction, welcoming brave souls to take tours of the rooms or even spend the night there.

Ceperley House (Burnaby, B.C.) Now an art gallery, it is said that the house’s original owner Grace Ceperley still stalks the halls, unable to rest in peace. Legend has it that Mrs. Ceperley wanted the sale of the house to go to charity after her death. Her widower however did not see to this and profited personally from the sale.

Dundurn Castle (Hamilton, Ontario) Another historical site in Hamilton, The Dundurn House is home to many sightings over 100 years, including moving objects, strange breezes and the appearance of figures floating across the halls. The surrounding area had been the site of many hangings and the isolation of cholera victims leading believers to pinpoint Dundurn as a haven for disgruntled spirits.

We at Text4Homes hope you’ve enjoyed this short list of real Canadian haunted homes. And don’t forget: if you’re in the market to buy real estate in Canada, make certain you find out if the house is haunted first - it might be real hard to sell it afterwards!

Creepy Real Estate Stories from the Coast

There are real estate horror stories, such as the one recounted in “The Tale of Two Mortgages” and those that Jerry Fowler share in his real estate horror collection, and then there are Spooky Halloween Real Estate Stories.

Here are several spine-tingling tales from British Columbia real estate agents to keep you amused (or frightened?) until the big BOO night.

Courtesy of CBC:

U.S. Housing Doom Spreading to Canada?

Our dollar is doing well and the Canadian Real Estate market is booming. Knowing intuitively that things tend to balance themselves out, and that the U.S. Real Estate was doing well before crashing, well, it’s hard not to worry a bit. Are we safe from incurring the same subprime mortgage meltdown fate as the US?U.S. Housing Doom Spreading to Canada? | Buy, sell, rent real estate

According to Linda Mitchell in last Thursday’s Toronto Metro, the answer is a hearty, “highly unlikely”. The Canadian Real Estate market is protected by our hefty industry regulations.

First, subprime mortgages are rare in Canada. They are “unconventional mortgages offered for a limited time at rates below prime, after which they jump to higher than prime”. They are for people who are considered `high risk’ to most conventional lenders, like banks.

What happened in the U.S.:

  • Lax regulations resulted in 20% of all mortgages were subprime in 2007 compared to our 5% here in Canada.
  • U.S. subprime-focused companies lent more than the value of the house – they convinced subprime borrowers that when interest rates jumped, their home would also have increased in value so they could refinance.
  • U.S. housing prices started to fall and mortgage interest rates skyrocketed into the double digits.
  • The 2007 subprime mortgage financial crisis: borrowers couldn’t pay, foreclosures and mortgage delinquencies abounded, and subprime mortgage lenders lost their shirts.

In Canada, most of our lending stays within prime. The few mortgages that are a gamble, “considered high-ratio, or obtained with less than 20 per cent down,” must be backed up with mortgage insurance, like the type offered by CMHC. In addition, we cannot finance more than 100% of our Canadian real estate value.

What does this all mean to Canadians who have a little extra money? That the Canadian real estate market is a fairly good bet and now is a great time to buy or sell a house, condo or commercial property.

10 Tips for First-Time Landlords

Is this your first time renting property? Convincing prospective tenants to make their new home from your real estate rental may seem like a daunting task, but there are several key points new landlords can consider when jumping into the competitive renter’s market.

Contract before Key Keys in hand
  1. Present a clean and tidy space. Avoid cluttering apartments or rooms with personal items or furniture as it will make the prospective tenants’ assessment of space more difficult.
  2. Know your Area. This may seem simple but being familiar with surrounding businesses, transportation routes and other services is crucial when promoting the location of your property to renters.
  3. Consider including utilities in the bill. This will help prospective tenants manage their finances when paying rent.
  4. Install and maintain alarm systems. Smoke alarms, carbon monoxide detectors and security alarms are among the most important features in any living space. Make sure to routinely check and test these devices.
  5. Know the law. Become familiar with your state/province and local community’s laws and by-laws that protect the rights of both owners and renters. It may be in your interest to consult a real estate lawyer as well.
  6. Think about your target market. Knowing the needs of potential renters before they consider your property is essential to getting that vacancy filled. Students, professionals and families all have different needs and usages of space, so consider those differences when managing your property.
  7. Be clear about expectations. Let your prospective renters know when rent is due, how to go about repairing things, what the appropriate noise level is, when and how garbage is collected, etc. Maintaining clarity is essential when establishing a working relationship with renters and will avoid spats, misunderstandings and disagreements in the future.
  8. Provide touchups. Taking care of paintwork, windows, door hinges and banisters will not only make the living space more attractive but will also show renters that you will be an attentive landlord.
  9. Get everything in writing. Any agreements, building codes, repair orders, etc. should be in writing to protect the interests of both the owner and renter.
  10. Be fair and respectful. Always avoid discrimination and be mindful of how prospective renters perceive your actions. A tenant is more likely to take excellent care of their space and more abiding to their landlord’s guidelines if that landlord has developed a good rapport with them.

With these tips in mind, first-time landlords can foster healthy relationships with their renters while also maintaining suitable and attractive living spaces. When entering the real estate market, from any angle, it is important to familiarize yourself with current regulations, laws and market conditions. There is a great deal of information online offering advice to first-time landlords and local libraries are also vital resources for specific information regarding your own renting community.

Worlds Best Real Estate Scams V.1: The “Fake Estate Agent”

Worlds Best Real Estate Scams V.1: The “Fake Estate Agent”

This 3 minute video is one in a collection of online videos that focus on educating real estate buyers and sellers on the various cons and scams that have made a fool of many new and experienced home buyers. This one focuses on how scam artists utilize some of the oldest tricks in the book to pressure potential home buyers and renters into placing cash deposits before they lose out on the “home of their dreams”.

Stay tuned for many more similar videos that focus on educating our blog users.

California Fires Force Over 250 000 Home Owners to Evacuate

In less than a weeks time the wildfires across southern California region have caused officials to call for the evacuation of over 250 000 residents. There are now 16 fire hot spots across the vast state.

Nearly 600 homes and 100 commercial buildings have been destroyed in southern California, most in San Diego County. The escalated state of the fires have forced Californian Governor Arnold Schwarzenegger and President Bush to declare a state of emergency in order to open up federal funding and additional troops to the hard hit region. Currently there are over 1500 National Guard troops battling the fires and assisting in the evacuation which is the largest in San Diego county history.

On behalf of all of us at Text4Homes.com we send our deepest sympathies to all the good folks that have be affected by these unfortunate and devastating events.

Califonia house a blaze

Newsource: www.nytimes.com Click Here for the full story

Real Estate Horror Story: The Tale of Two Mortgages

Liam and Judy got themselves into a pickle. They needed to relocate for Liam’s job and decided to buy real estate in Ottawa first, then put up their Toronto home for sale.

They made this decision based on the fact that the company was offering to cover moving expenses only. The couple did not want to incur the costs of renting an apartment in Ottawa for Liam while Judy was still in Toronto, selling their home and tying up loose ends.

Real Estate Horror Story: The Tale of Two MortgagesSince they both had some real estate experience, they decided to perform their real estate transactions on their own. They did not hire or consult a real estate agent but they did conduct some initial real estate market research at the beginning of their adventure.

Liam and Judy chose to pay a little more than what they would have liked for their Ottawa house because of the closing date and a few extras the owners were willing to throw in. Plus, the housing market was at a prime point in its cycle. Based on their research, they were positive that they would not only make money off their Toronto real estate, but also sell it in no time.

Things were going well, the Ottawa property closed without a hitch and they moved the furniture they were keeping to the new house. They found a buyer for their Toronto property and started the transaction. One week before closing though, the buyer made a major purchase which affected his credit. His lender withdrew the mortgage loan, leaving Liam and Judy with two properties.

Eight months later, Liam and Judy are still paying two mortgages. Their relationship is strained because of the distance and their rapidly deteriorating financial situation. No one seems to be biting at their asking price. They have since hired a real estate agent, hoping to offset the horror of dealing with two mortgages.

How Much are Your Home Renovations Worth?

This is an important question whether you are buying a new home and want to make sure you’re not overpaying, or preparing to sell real estate and want to increase the value of your property. If you remember, we addressed this subject in an earlier post, “Do Home Improvements Really Increase Property Value? which led us to determine that you will never recoup all your expenses for home improvements.

If you still have doubt (or just want to hang onto the belief so you have a good excuse to rebuild your kitchen), styleathome.com has settled the argument in their article, “Return on Renovation Costs: How much will you get back?

Gathered from the Appraisal Institute of Canada, the following is a list of renovations and their worth upon resale:

What are Your Home Renovations Worth? | Sell Real Estate | Buy PropertyKitchen upgrade: 75% to 100%
Bathroom upgrade: 75% to 100%
Interior painting: 50% to 100%
Roof replacement: 50% to 80%
Replacement of furnace or heating system: 50% to 80%
Expansion (addition of family room): 50% to 75%
Doors and windows: 50% to 75%
Deck: 50% to 75%
Installation of hardwood floor: 50% to 75%
Construction of a garage: 50% to 75%
Fireplace (wood or gas) 50% to 75%
Central air conditioning: 50% to 75%
Finished basement: 50% to 75%
Wood fence: 25% to 50%
Interlocking paving stones on driveway: 25% to 50%
Landscaping: 25% to 50%
Asphalt driveway: 20% to 50%
Pool: 10% to 40%
Skylights: 0% to 25% Percentage recovered upon resale
Kitchen upgrade: 75% to 100%
Bathroom upgrade: 75% to 100%
Interior painting: 50% to 100%
Roof replacement: 50% to 80%
Replacement of furnace or heating system: 50% to 80%
Expansion (addition of family room): 50% to 75%
Doors and windows: 50% to 75%
Deck: 50% to 75%
Installation of hardwood floor: 50% to 75%
Construction of a garage: 50% to 75%
Fireplace (wood or gas) 50% to 75%
Central air conditioning: 50% to 75%
Finished basement: 50% to 75%
Wood fence: 25% to 50%
Interlocking paving stones on driveway: 25% to 50%
Landscaping: 25% to 50%
Asphalt driveway: 20% to 50%
Pool: 10% to 40%
Skylights: 0% to 25%

Lure Buyers with Lighting

In “7 Ways to Sell Your Home Fast,” we offered some home decorating advice to make your home look bigger and better. Number 3 suggested good lighting: let more natural light in and brighten up dark corners.

However, there’s more to `good lighting’ than this simplified piece of advice. So we decided to brighten up your day (ha, ha) and expand on the concept of using lighting in your home to help you sell real estate fast.Lure Buyers with Lighting | Sell Real Estate in Canada : Text4Homes.com

Let’s start with a definition of poor lighting. According to the Canadian Centre for Occupational Health and Safety, insufficient lighting can be a health hazard: it can cause sleepiness, strained eyes, headaches and lead to accidents.

This all depends, of course, on what you’re doing and how much light you need to accomplish it.

Canada’s Style at Home magazine published a great article, “Achieve the Perfect Lighting” and they say to think about the primary function of each room, the mood you want to create, seating, focal points and colour schemes (remember: dark absorbs light and pale colours reflect). Next, consider different types of bulbs: their life expectancy and the amount and quality of light required.

LIGHTING:

General or ambient This type of lighting is overall illumination, which can come from one source or several within the room. It may be a good idea to add dimmers to lighting sources in multi-purpose rooms so that you can alter mood easily.

Task As the name suggests, it is task-oriented lighting or lighting that “illuminates workspaces”. Think reading lamps or bathroom vanity lighting.

Accent To create dramatic effects and highlight focal points within a room. This type of lighting is most widely used for presenting art. Styleathome.com suggests that to accent properly one should use three times the level of general lighting. Otherwise, too much will negate your intentions and wash out the room.

BULBS

Incandescent Old fashioned bulbs that are cheap and come in a wide variety of shapes and levels of light emissions.

Halogen These bulbs create a brighter, whiter light. They are more expensive than incandescents but last longer and can be dimmed.

Fluorescent Cannot be dimmed but lasts 10 times longer than incandescents, burn 5 times brighter and are more energy efficient.


So much to consider, where do you go from here? This is what styleathome.com’s lighting expert says:

“For a room with warm materials such as wood and terracotta, incandescent yellow or orange hues work well. With cooler tones, such as grey and blue, whiter halogens are a better choice as they render a room’s colours truer than incandescents and fluorescents. For energy efficiency, though, choose fluorescents, especially in areas that you tend to leave lights on, for example hallways, kitchens and laundry rooms…”

10 Real Estate Myths