PKAR February 2016 MLS® Stats


MikeMike Heffernan - 2016 (cropped) Heffernan, President of the Peterborough and the Kawarthas PKAR logo 2012png (done by Theresa Kane)Association of REALTORS® Inc. states, “February’s stats were very impressive! The total number of sales are up with a whopping 226 sales.  This is the best February monthly sales of all time. Residential sales for the month came in at 180, making it the highest February residential sales since 2010.  Farm, vacant land, and cottage/recreational sales were also strong, and it’s looking like 2016 is following the upward trend that we saw in 2015.

The Government of Ontario announced the creation of a new program to help Ontarians improve the energy efficiency of their homes by  investing $100 million from the Ontario Green Investment Fund to provide rebates for home owners who conduct an energy audit on their property and then complete retrofits recommended by the auditor.

Additionally, the City of Peterborough has been investigating a solution to regulate and keep a closer eye on rooming houses after a series of fires broke out across the city in various houses of this nature. At the end of February, the City of Peterborough’s Planning committee moved to accept the following recommendations regarding rooming houses:

  • In a three bedroom house, each bedroom can be rented out separately.
  • In a four bedroom house, the landlord would require a business licence to rent out the rooms.
  • If the house has five bedrooms being rented out, the landlord would need a business licence and the house would also have to be re-zoned.

Many more steps still have to be taken, including a more public consultation, before any changes are made.  Contact your Local REALTOR® to find out more information as it becomes available, especially if you are in the market for a potential rental income property.”

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2016 PKAR Board of Directors

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PKAR January 2016 MLS® Stats


Mike Heffernan

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Mike Heffernan, President of the Peterborough and the Kawarthas Association of REALTORS® Inc. states, “PKAR had the strongest year of all time in 2015, with a year-end total of 3477 sales!  That’s a 14.24% increase over 2014.  Due to the growth of our local economy and the reduction of interest rates, we expect to see that momentum carry thorough into 2016.

January 2016 saw 131 total sales, including 12 vacant land sales. This is the highest number of January vacant land sales since 2010.  Additionally, cottage and recreational sales have remained high with 9 sales last month.  With the expansion of Highway 407 and the development of the Shining Waters Railway, we expect positive and continued equity growth in property values as more consumers  make the move to Peterborough and the Kawarthas, and your Local REALTOR® knows how to get your home or cottage ready for the bursting spring market!

Lastly, PKAR would like to congratulate both Maryam Monsef, Member of Parliament for Peterborough-Kawartha and Minister of Democratic Institutions, and Jeff Leal, Member of Provincial Parliament and Minister of Agriculture, Food and Rural Affairs, on their Cabinet Posts.  Peterborough is one of only two ridings in Canada to have both their MP and MPP in Cabinet.  Congratulations!”        

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Top 10 Reasons to Hire a REALTOR®


Whether you’re in the market to buy and sell, or if you’re a real estate professional who’s clients/customers need a reminder, here are the 10 top reasons for home sellers to hire a REALTOR®:

  1. Realtors are experts in the field, having completed an extensive course of study.
  2. Realtors are governed by the Real Estate Council of Ontario, and must adhere to provincial laws, which include a Code of Ethics.
  3. Realtors have the knowledge and experience to market and stage the property, negotiate successfully, and close a deal.
  4. Realtors can determine what a property is worth because they have access to the MLS® System and comparables.
  5. Realtors’ marketing and exposure may yield multiple offers.
  6. Realtors do the paperwork and ensure it is completed properly.
  7. Realtors help protect the privacy and security of the sellers.
  8. Realtors qualify buyers before showing the property. That is, they ensure people viewing a property can afford to purchase it.
  9. Realtors can remain objective and are able to deal with facts when marketing a property.
  10. Realtors can provide objective feedback about why a property is not selling and make recommendations based on experience.

For more information on how REALTORS® help, visit http://howrealtorshelp.ca/index.php.


*The above article is excerpted from the OREA Blog produced by the Ontario Real Estate Association. 
Visit http://www.oreablog.com/ for more information.*

**The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.**

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Renovate before reselling? Some tips from RECO

Highway 407 East Project


The Highway 407 East Project will be built in two sections and as two separate projects. The first section includes the mainline from Brock Road to Harmony Road, and Highway 412 connecting it to Highway 401. The second sections includes the mainline from Harmony Road to Highway 35/115, and Highway 418 connecting it to Highway 401.

The first section will be constructed by Spring 2016 and the second will be constructed by late 2020, with an interim opening from Harmony Road to Taunton Road at Highway 418 by late 2017.

As an added bonus, the first 3 months of toll use will be free between Highway 401 to 412 that links to the 407.

Below is a map showing both Phase 1, Phase 2A and Phase 2B:
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For additional maps and information regarding the Highway 407 East Project, visit: http://highway407east.com/detailed-maps/.

 

PKAR December 2015 MLS® Stats


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January 15, 2016PKAR logo 2012png (done by Theresa Kane)

Mike Heffernan, President of the Peterborough and the Kawarthas Association of REALTORS® Inc. says, “PKAR’s total sales of 145 for the month of December were very similar to the sales we saw in December of 2014.  Residential sales were 94, on par with previous year’s December sales as well, and Cottage/Recreational sales were a whopping 21; the highest December Cottage/Recreational sales of all time!  This could be attributed to the warm weather we’ve been having this winter.  The lack of snow made it possible to travel to cottages during the time of year when the snow usually makes it impossible to get to these areas.

Farm Sales were also unusually high for the month, with 27 sales.  Not only has this been the best December Farm Sales, it has interestingly also been the best Farm Sales of all time!  In terms of year-end sales, 2015 has shown an increase in numbers in all areas, and total sales have increased by 17.63% over 2014.

Contributing factors to these numbers are the scheduled extension of Highway 407, which will make commuting to the city much easier, as well as the log jam of traffic on the 400 series highways heading to the Muskokas.

The Peterborough area sales are enjoying the momentum of the Kawarthas being the new Muskokas and with the professional sales people we have PKAR’s Association, your local REALTORS® are ready for the ever growing popularity of Peterborough and the Kawarthas!”

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Happy Holidays from all of us at PKAR!

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PKAR’s Annual Christmas Breakfast 2015


Local REALTORS® Give Back to the Community this Holiday Season

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Peterborough and the Kawarthas Association of REALTORS® hosted their Annual Christmas Breakfast on Wednesday, December 9th, 2015. The event highlighted the past year’s fundraising efforts, and the passing of the gavel from the current President, Dominic Cole, to the new board President, Mike Heffernan.

Area REALTORS® raised over $20,000 during the past 16 months, which was filtered through the Ontario REALTORS Care® Foundation and then given back to local charities at the Annual Breakfast.

The recipients of the 2015 ORCF Grants were:

Alzheimer Society of Peterborough Kawartha Lakes, Northumberland and Haliburton $5,000;

Five Counties Children’s Centre $5,000;

the Warming Room $5,000;

YES Shelter for Youth and Families $4,940;

and United Way Peterborough & District – Backpacks for Kids Program $500.

Additionally at the breakfast, food donations were collected and $2,700 was raised for the Salvation Army’s Hamper Program, a program that PKAR has supported for over 30 years, as well as sleepwear for the Sweet Dreams Foundation Children’s Charity.

(Back Row L-R): Matthew Martin, Community Impact Facilitator for United Way Peterborough & District; Dominic Cole, PKAR 2015 President; Katelyn James, Program Manager for the Warming Room; Suzanne Galloway, Executive Director for YES Shelter for Youth and Families; Kristi Doyle, PKAR Director and Community Involvement Chair; Patrick McAuley, Board Trustee for Five Counties Children’s Centre; Dave Adams, Executive Director for Five Counties Children’s Centre.

(Front Row L-R): Wendy Giroux, PKAR Executive Officer; Susan Dunkley, Fund Development Coordinator for the Alzheimer Society; Lorraine McCallum, Fund Development Coordinator for the Alzheimer Society.    

For more photos, visit PKAR’s Facebook Page HERE!

PKAR October 2015 MLS® Stats


Dominic Cole

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Dominic Cole, President of the Peterborough and the Kawarthas Association of REALTORS® Inc. says, “We have achieved the best Total October Sales of all time with 318 sales!  The previous highest being 296 sales in October of 2005.  Residential Sales this month hit 232, and our Cottage/Recreational sales stand at 40, both of which are the best October Sales of all time.

From November 26th to December 7th, PKAR REALTORS® will be at Wal-Mart on Chemong Road manning the Santa Sleigh for the Kawartha-Haliburton Children’s Foundation’s fundraiser.  Additionally, PKAR REALTORS® will be manning the kettles on December 16th for the Salvation Army at various locations for our REALTOR® Ring Day. These are both great events where the community can see the value of a REALTOR® and how much we enjoy contributing to our local communities.

PKAR members and the Ontario Real Estate Association (OREA) are lobbying the Provincial Government to prevent implementation of the Municipal Land Transfer Tax, which would effectively add $5,590 in taxes to the average priced home in Peterborough. We are encouraging everyone to take a couple of minutes to visit www.donttaxmydream.ca and urge their MPP to prevent the spread of the MLTT.”

Peterborough and the Kawarthas Association of REALTORS® Inc.
Represents Approximately 440 REALTORS® In Peterborough City and County
For further information please contact:
Dominic Cole, 2015 President at (705) 743-9111