Mortgage scams are more prevalent than you might think, targeting unsuspecting individuals with promises of financial relief or better loan terms. For many Canadians, their home is their most valuable asset, making it critical to remain vigilant. Mortgage scams can come in many forms, including:

• False promises for better mortgage terms.

• Wire fraud during the closing process, where scammers impersonate legal professionals to redirect payments.

• Reverse mortgage fraud, which drains home equity.

• Loan flipping, where borrowers are pressured into repeatedly refinancing loans so lenders can collect excessive fees.

To safeguard your finances and peace of mind, consider these tips to avoid falling victim to mortgage fraud:

• Research Lenders Thoroughly: Shop around for qualified lenders and verify their credentials on trusted sites like the Better Business Bureau.

• Understand Affordability: Your mortgage payment should ideally range between 28-32% of your gross monthly income. Be cautious of lenders willing to exceed this threshold—it’s a red flag.

• Never Prepay Without a Contract: Only provide payment to a lender once you have a fully executed agreement in writing.

• Guard Personal Information: Avoid sharing sensitive details, such as banking or personal information, in response to unsolicited offers.

• Read All Documentation Carefully: Take your time to review and understand all documents before signing anything. Consult a professional for clarity if needed.

• Monitor Your Credit Report: Regularly check your credit report to identify unauthorized transactions early.

• Consult Professionals: Be cautious of lenders who discourage you from seeking advice from a financial advisor, lawyer, or real estate professional.

• Watch for High-Pressure Tactics: Legitimate lenders will never bully or rush you into a decision.

A Final Word of Caution

If an offer sounds too good to be true, it almost always is. Scammers often prey on desperation or eagerness, so keep your guard up and trust your instincts. By staying informed and cautious, you can protect your financial future from those who aim to take advantage of it.

A total of 613 homes were sold in December 2024 via the MLS® System of the Ottawa Real Estate Board (OREB), representing a 7.9% increase from December 2023.

Despite this rise, home sales were 6.8% below the five-year average and 2.7% lower than the 10-year average for December. Year-to-date sales reached 13,526 units by December 2024, an 11.8% increase from the same period in 2023.

“A year of wait-and-see came to a close with the expected slowdown over the holiday season,” said OREB President Paul Czan. “The latter half of the year brought signs of more favourable market conditions with consecutive interest rate drops, higher insured mortgage limits, and extended amortizations. It’s early to assess the impact of these measures. And it’s an uphill battle against affordability and supply issues that persist.”

“Listing activity indicates that sellers anticipate improved conditions could spur more activity from buyers who have been keeping a close eye on the market but hesitant to make moves. Buyers are still limited in their selection of affordable inventory that can meet current demands, which stalls movement. While the improving market conditions are encouraging, the supply needs to be there. Coming political shifts are adding a layer of uncertainty but there is a trending optimism for more increased market activity in the months ahead.”

By the Numbers – Prices

The MLS® Home Price Index (HPI), which tracks price trends more accurately than average or median prices, highlighted the following:

• The overall MLS® HPI composite benchmark price was $645,800 in December 2024, up 3.8% from December 2023.

  • Single-family homes: $729,300, an increase of 3.7% year-over-year.

  • Townhouse/row units: $533,200, up 11.3% from a year ago.

  • Apartments: $404,400, down 2.5% compared to December 2023.

• The average sale price in December 2024 was $663,781, a 4.4% increase from December 2023.

• Year-to-date, the average price was $679,067, rising 1.3% compared to 2023.

• The total dollar volume of home sales in December 2024 was $406.9 million, up 12.7% year-over-year. For the entire year, the total dollar volume reached $9.2 billion, an increase of 13.3% from 2023.

OREB cautions that while average sale prices offer insight into market trends over time, they do not reflect changes in the value of individual properties. Average price calculations are derived from the total dollar volume of all properties sold, with prices varying significantly by neighbourhood.

By the Numbers – Inventory & New Listings

• New listings: 603 new residential properties were added in December 2024, marking a 13.6% increase from December 2023. This was 3.5% above the five-year average but 2.7% below the 10-year average for December.

• Active listings: Residential listings totalled 3,216 units at the end of December 2024, a surge of 58.7% compared to December 2023. Active listings were 90% above the five-year average and 51.4% above the 10-year average for the month.

• Months of inventory: There were 5.2 months of inventory at the end of December 2024, compared to 3.6 months in December 2023. This metric reflects the time it would take to sell all current inventory at the current sales pace.

In recent years, the Canadian housing market has experienced significant disruptions. A global pandemic, surging interest rates, and economic challenges caused the market to deviate from typical patterns. However, 2025 is anticipated to see a return to conditions more aligned with long-term historical trends.

The Royal LePage Market Survey Forecast projects that the aggregate price of a home in Canada will rise by 6.0% year-over-year, reaching $856,692 in the fourth quarter of 2025. The median price of a single-family detached home is expected to grow by 7.0% to $900,833, while condominiums are forecasted to see a 3.5% increase, reaching $605,993.

“After several years of unusual volatility in the real estate market, key indicators point to a return to stability in 2025. The backlog of willing and able buyers continues to grow, and upcoming changes to mortgage lending rules will further enhance Canadians’ borrowing power,” said Phil Soper, president and chief executive officer, Royal LePage. “Most notably, the Bank of Canada’s shift from ‘inflation fighter’ to ‘economy booster’ has taken time to influence buyer behaviour. We saw a marked increase in market activity at the start of the fourth quarter, following the Bank of Canada’s 50-basis-point rate cut. Buyers now believe home prices have hit bottom and are eager to act before competition intensifies.”

New Lending Rules to Enhance Borrowing Power

New lending regulations taking effect this month will provide improved accessibility for first-time buyers and existing homeowners. Starting December 15th, eligibility for 30-year amortizations on insured mortgages will expand to include all first-time buyers and purchasers of new construction homes, an increase from the current 25-year limit. Additionally, the mortgage insurance cap will rise from $1 million to $1.5 million, enabling buyers with less than a 20% down payment to consider higher-value properties. These changes will be especially impactful in Canada’s most expensive real estate markets, where average home prices often exceed $1 million.

“Improved lending conditions, combined with declining interest rates, will unlock new housing opportunities for many Canadians in the new year. First-time buyers will be the primary beneficiaries of these initiatives, as their ability to borrow more for less with a smaller down payment will help bring them closer to their first home purchase,” said Soper. “We believe the return of buyers to the market will encourage builders and trigger a wave of new supply, which is very much needed.

“Addressing Canada’s critical housing shortage must remain a top priority for policymakers at every level of government. With our population growing rapidly through both natural increases and immigration, it is essential to stay focused on supporting the development of new homes if we hope to address housing affordability, be it for purchase or rent.”

Shifting Political Landscapes and Potential Housing Impacts

The year 2025 is expected to bring political changes in both Canada and the United States, with potential implications for the housing market. In Canada, a federal election may introduce new housing policies that could temporarily influence market activity in the latter half of the year.

“With an election approaching in Ottawa and a new administration preparing to take office in Washington, the housing market faces potential disruptions. Here at home, a federal election will see new housing policies that may temporarily impact market activity in the second half of 2025,” said Soper. “Meanwhile, south of the border, the incoming Trump administration’s trade policies and broader economic agenda have the potential to create ripple effects for Canada’s economy and housing market. While these impacts may take time to unfold, they could eventually affect consumer confidence and market dynamics on both sides of the border.”

Highlights from the 2025 Forecast

• Greater Montreal Area is expected to lead with aggregate home price growth of 6.5%, outpacing Greater Toronto (5.0%) and Vancouver (4.0%).

• Quebec City is forecasted to see the largest increase among major regions, with an 11.0% rise in aggregate home prices, followed by Edmonton and Regina at 9.0%.

• Calgary, along with Ottawa, Halifax, and Winnipeg, is projected to experience a moderate 4.0% home price increase, following significant appreciation over the last two years.

• The median price of a condominium in the Greater Toronto Area is anticipated to decline by 1.0%, reflecting the addition of thousands of new units to an already surplus supply.

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3¾% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization.

The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, the economy continues to show broad-based strength, with robust consumption and a solid labour market. US inflation has been holding steady, with some price pressures persisting. In the euro area, recent indicators point to weaker growth. In China, recent policy actions combined with strong exports are supporting growth, but household spending remains subdued. Global financial conditions have eased and the Canadian dollar has depreciated in the face of broad-based strength in the US dollar.

In Canada, the economy grew by 1% in the third quarter, somewhat below the Bank’s October projection, and the fourth quarter also looks weaker than projected. Third-quarter GDP growth was pulled down by business investment, inventories and exports. In contrast, consumer spending and housing activity both picked up, suggesting lower interest rates are beginning to boost household spending. Historical revisions to the National Accounts have increased the level of GDP over the past three years, largely reflecting higher investment and consumption. The unemployment rate rose to 6.8% in November as employment continued to grow more slowly than the labour force. Wage growth showed some signs of easing, but remains elevated relative to productivity.

A number of policy measures have been announced that will affect the outlook for near-term growth and inflation in Canada. Reductions in targeted immigration levels suggest GDP growth next year will be below the Bank’s October forecast. The effects on inflation will likely be more muted, given that lower immigration dampens both demand and supply. Other federal and provincial policies—including a temporary suspension of the GST on some consumer products, one-time payments to individuals, and changes to mortgage rules—will affect the dynamics of demand and inflation. The Bank will look through effects that are temporary and focus on underlying trends to guide its policy decisions.

In addition, the possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook.

CPI inflation has been about 2% since the summer, and is expected to average close to the 2% target over the next couple of years. Since October, the upward pressure on inflation from shelter and the downward pressure from goods prices have both moderated as expected. Looking ahead, the GST holiday will temporarily lower inflation but that will be unwound once the GST break ends. Measures of core inflation will help us assess the trend in CPI inflation.

With inflation around 2%, the economy in excess supply, and recent indicators tilted towards softer growth than projected, Governing Council decided to reduce the policy rate by a further 50 basis points to support growth and keep inflation close to the middle of the 1-3% target range. Governing Council has reduced the policy rate substantially since June. Going forward, we will be evaluating the need for further reductions in the policy rate one decision at a time. Our decisions will be guided by incoming information and our assessment of the implications for the inflation outlook. The Bank is committed to maintaining price stability for Canadians by keeping inflation close to the 2% target.

The next scheduled date for announcing the overnight rate target is January 29, 2025.

Source: bankofcanada.ca

As the crisp autumn air transitions into winter, it’s time to embrace the magic of the holiday season. From cozy nights by the fire to the twinkle of festive lights, this is the perfect opportunity to transform your home into a winter wonderland. Whether you’re a fan of traditional holiday aesthetics or prefer a modern twist, the 2024 holiday décor trends offer something for everyone.

1. Muted Luxe

Classic holiday colours take a backseat this year as softer tones like sage green, champagne, dusty rose, and icy blue rise to the forefront. These muted hues, complemented by metallic accents such as brushed gold and antique silver, bring a refined elegance to holiday decorating.

Think velvet stockings, metallic-dusted wreaths, and pale ornaments to create a calming yet festive atmosphere. To add depth, consider contrasting these colours with darker tones such as deep navy or charcoal. The result? A sophisticated holiday setting that’s both stylish and serene.

2. Vintage Nostalgia

For those who love the charm of yesteryear, vintage-inspired décor is making a big comeback. Picture crystal and glass ornaments, retro tinsel garlands, ceramic Christmas trees, and vintage menorahs. These nostalgic elements evoke a timeless warmth that feels like home.

Explore thrift shops, flea markets, or even your family’s attic for heirloom treasures. If you prefer something new, many retailers now offer vintage-inspired collections to achieve the same look. Pair these pieces with candles or warm string lights to create a cosy, retro holiday vibe.

3. Natural Elegance

As sustainability takes centre stage, nature-inspired décor is a key trend this holiday season. Adorn evergreen garlands with dried orange slices, cinnamon sticks, and pinecones for a rustic and festive aesthetic—with the bonus of delightful scents!

On your tree, swap out plastic ornaments for dried fruits, popcorn garlands, or decorations made from wood and paper. Extend this theme to your dining table with fresh greenery, linen napkins, and seasonal fruits as centrepieces. Natural elegance seamlessly combines eco-consciousness with holiday charm.

4. Textured Layers

Layered textures continue to be a hallmark of seasonal styling, offering a cosy and inviting atmosphere. Mix chunky knits with plush velvets, faux furs, and natural materials like woven cotton or linen for a multidimensional look.

Elevate your holiday tablescape with combinations such as cotton tablecloths and rattan placemats, or layer linens with soft runners in contrasting patterns. Add festive touches like felt ornaments, macramé accents, or ribbon details. For living spaces, incorporate seasonal throw pillows, blankets, and decor elements made from glass, wood, and metal for a rich, textured effect.

Bonus Tip: Extend the Cheer Outdoors

Don’t stop with indoor decorations—extend the festive spirit to your outdoor spaces! Add twinkling lights, lanterns, and weather-resistant greenery along banisters, door frames, and window sills. A well-decorated porch or patio sets the tone for holiday cheer, welcoming guests before they even step inside.

Personalize Your Holiday Style

This holiday season, let your décor reflect your personal style and create a space that’s perfect for making memories. From the understated elegance of muted tones to the timeless appeal of vintage elements or the natural beauty of sustainable decor, there’s a trend to suit every taste. With a touch of creativity and a dash of festive spirit, your home can become a joyful centrepiece of the season.

When purchasing a home in Ontario, it’s easy to focus on the down payment and mortgage without considering other hidden costs. However, these additional expenses can add up quickly and significantly impact your budget. Whether you're a first-time homebuyer or have experience in the real estate market, it’s essential to be aware of the various costs involved in the process. Here’s a breakdown of the most common hidden costs associated with buying a home in Ontario.

1. Land Transfer Tax

One of the largest additional costs in Ontario is the land transfer tax. This tax is based on the home's purchase price and is paid to the province, and in the case of Toronto, an additional municipal tax applies.

For example, for a home priced at $700,000, the land transfer tax would be calculated as follows:

• 0.5% on the first $55,000 = $275

• 1.0% on the next $195,000 = $1,950

• 1.5% on the next $400,000 = $6,000

• 2.0% on the remaining $50,000 = $1,000
  Total provincial tax = $9,225

If you are purchasing in Toronto, there would be an additional municipal tax of $9,225, making the total land transfer tax $18,450.

First-time buyers may be eligible for a rebate, which can reduce the provincial tax by up to $4,000. Always check for rebates that may apply based on your specific situation.

2. Legal Fees

When you purchase a home, you'll need to hire a lawyer to handle title transfers, review contracts, and ensure the property is properly registered. Legal fees typically range from $1,500–$3,000, depending on the complexity of the transaction. Keep in mind that if your transaction is more complicated, for example, involving a private sale or a special agreement, the fees could be on the higher end.

3. Title Insurance

Title insurance is a one-time fee that protects you against title-related issues such as fraud, errors in the public record, or disputes over property ownership. It typically costs between $350–$600 and can offer peace of mind in case of any unforeseen issues with the property’s title.

4. Home Inspection

A home inspection is an optional but highly recommended step in the home-buying process. It allows you to assess the property’s condition and uncover potential issues that may not be immediately visible. Home inspections typically range from $300 to $750, depending on the size of the property. For larger homes, the cost can be higher.

In addition to a general home inspection, you might want to consider additional specialized inspections, such as for septic systems, wells, or mold. These inspections can cost anywhere from $300 to $1,000 or more, depending on the property’s needs.

5. Appraisal Fee

Lenders typically require an appraisal to confirm the value of the property. This is an essential step for securing your mortgage. The average cost of an appraisal in Ontario ranges from $500 to $700, and this cost is usually borne by the buyer.

6. Property Taxes Adjustment

If the seller has already paid property taxes for the year, you may need to reimburse them for the portion of taxes that applies after your closing date. For example, if the seller has prepaid $7,000 in property taxes and you close mid-year, you would owe approximately $3,500.

7. Mortgage Insurance

If your down payment is less than 20%, CMHC insurance is mandatory. This insurance protects the lender in case you default on your loan. The cost of mortgage insurance depends on your down payment amount and the size of your mortgage. For a home priced at $700,000 with a 10% down payment, this cost could be $21,168, which would be added to your mortgage principal.

8. Moving Costs

Moving costs can vary greatly depending on the distance and services you require. For a local move, professional movers may charge between $1,000 to $1,500 for a single-family home, while a DIY move with a truck rental could cost between $200 to $400. Long-distance moves or additional services, such as packing, may increase costs.

9. Utility Hookups and Adjustments

When moving into your new home, you’ll need to set up utilities such as hydro, gas, water, and internet. Utility hook-up fees in Ontario can range from $30 to $150 depending on the service provider and the specific utility. If you’re moving into a home that’s been vacant for a while, you may also need to pay for reconnection or activation services.

10. Condo Fees

If you’re purchasing a condominium, you may need to pay a prorated portion of the monthly condo fees at closing. For example, if the condo fees are $400 per month, and you close mid-month, you may owe around $200 for the rest of the month. Condo fees vary widely based on the amenities and services provided by the building.

11. HST on New Builds

Unlike resale homes, new builds in Ontario are subject to HST (13%). For a new home priced at $700,000, HST would add an additional $91,000 to the cost. However, you may be eligible for an HST rebate if your new home costs under $450,000 or if you're a first-time homebuyer. Make sure to confirm whether the HST is included in the purchase price or if it will be added on top of it.

Budgeting for a Smooth Home Buying Experience

While the down payment is often the primary focus of most homebuyers, it’s important not to overlook these hidden costs. From legal fees and property taxes to mortgage insurance and utility hook-ups, these additional expenses can quickly add up and affect your overall budget.

Planning ahead and budgeting for these costs will help ensure a smoother and more predictable home-buying experience. Consider working with a knowledgeable real estate agent or financial advisor to better understand these costs and manage your finances effectively.

Ready to buy your dream home? Take the time to research these hidden costs and set your budget accordingly—so you can move in with confidence and avoid any financial surprises along the way.

Today, the Bank of Canada lowered its target for the overnight rate to 3.75%, with the Bank Rate set at 4% and the deposit rate at 3.75%. The Bank continues its balance sheet normalization efforts.

Globally, the economy is projected to grow at a steady 3% over the next two years. Growth in the U.S. is anticipated to be stronger than previously expected, while China’s outlook remains cautious. The euro area’s growth has been sluggish but is expected to improve modestly next year. Inflation in advanced economies has decreased recently, aligning with central bank targets. Since July, global financial conditions have eased, partly due to expectations of lower policy interest rates. Additionally, global oil prices are roughly $10 lower than projected in the July Monetary Policy Report (MPR).

In Canada, economic growth was around 2% in the first half of the year, with an anticipated 1.75% growth in the second half. While overall consumption has grown, it has decreased on a per-person basis. Exports have seen a boost from the opening of the Trans Mountain Expansion pipeline. The labor market remains subdued, with the unemployment rate at 6.5% as of September. Population growth continues to expand the labor force, but hiring has been moderate, impacting young people and newcomers the most. Wage growth remains high compared to productivity growth, indicating excess supply in the economy.

Looking ahead, GDP growth is expected to strengthen gradually as lower interest rates support economic activity. A modest increase in consumer spending per capita, along with slower population growth, is expected to drive this recovery. Residential investment is projected to rise, fueled by strong housing demand, while business investment should pick up as overall demand grows. Exports are likely to stay robust, supported by strong U.S. demand.

The Bank forecasts GDP growth of 1.2% in 2024, 2.1% in 2025, and 2.3% in 2026. As the economy gains momentum, the excess supply will gradually be absorbed.

Consumer Price Index (CPI) inflation has dropped notably from 2.7% in June to 1.6% in September. While inflation in shelter costs remains high, it has begun to ease. Excess supply in the broader economy has lowered the prices of many goods and services, and the recent drop in global oil prices has driven down gasoline costs. These factors have collectively brought inflation down. The Bank’s core inflation measures are now below 2.5%. With inflation pressures no longer widespread, expectations from businesses and consumers have largely stabilized.

The Bank anticipates that inflation will hover around its target range throughout the forecast period. The upward pressure from shelter and services costs is expected to diminish, while downward pressures should ease as the economy absorbs the current excess supply.

With inflation nearing the 2% target, the Governing Council has decided to reduce the policy rate by 50 basis points to bolster economic growth and maintain inflation around the mid-point of the 1% to 3% target range. If the economy aligns with the Bank's forecast, additional rate cuts are anticipated. However, the timing and pace of any future reductions will depend on economic data and its implications for inflation. Decisions will be made on a meeting-by-meeting basis. The Bank remains dedicated to maintaining price stability for Canadians, keeping inflation close to the 2% target.

Source: bankofcanada.ca

In September 2024, 1,047 homes were sold through the MLS® System of the Ottawa Real Estate Board (OREB), marking an 11.4% increase compared to September 2023. However, sales were 17.4% below the five-year average and 15.4% lower than the 10-year average for September.

Year-to-date, a total of 10,485 homes have been sold in 2024, reflecting a 6.4% rise from the same period in 2023.

"As the housing market adjusts, Ottawa’s fall outlook remains strong,” says OREB President Curtis Fillier. "Sales are picking up, and prices are steady. Both buyers and sellers are reevaluating their strategies amid expectations of further interest rate cuts, extended amortizations, and higher price caps for insured mortgages.”

Fillier adds, “While recent policy changes will boost demand, Ottawa’s market faces ongoing supply challenges. We’re not building enough homes, particularly the ‘missing middle’ type.” The Canada Mortgage and Housing Corporation (CMHC) recently reported that Ottawa's population-adjusted construction rate is at its lowest in nearly a decade. A City of Ottawa progress report shows the city has met only 22% of its annual housing target by the end of August.

By the Numbers – Prices:

• The MLS® Home Price Index (HPI), which offers a more accurate picture of price trends than averages, shows the overall benchmark price for all homes was $642,800 in September 2024, a slight 0.2% increase from September 2023.

• The benchmark price for single-family homes was $729,000, up 0.5% year-over-year.

• Townhouses/row units had a benchmark price of $500,000, down 1.7% from the previous year.

• Apartments saw a benchmark price of $414,200, a 1.3% decrease from September 2023.

• The average price of homes sold in September 2024 was $685,551, up 1.4% from a year ago. The year-to-date average price was $679,082, a 0.9% increase from 2023.

• The total value of home sales in September reached $717.7 million, a 12.9% jump from September 2023.

OREB notes that while average sale prices can reveal long-term trends, they shouldn’t be viewed as a measure of individual property value changes, as prices vary across different neighbourhoods.

By the Numbers – Inventory & New Listings:

• There were 2,343 new residential listings in September 2024, up 3.9% from the previous year, and 4.7% above the five-year average and 11.6% higher than the 10-year average.

• Active residential listings rose 16.9% to 3,529 units by the end of September 2024. This was 43.3% above the five-year average and 4.6% above the 10-year average.

• Months of inventory stood at 3.4 in September 2024, slightly up from 3.2 in September 2023. This measure represents how long it would take to sell all current listings at the current rate of sales.

source: OREB

What is Carbon Monoxide (CO)?

While natural gas is a safe and reliable energy source, malfunctioning fuel-burning equipment such as furnaces, water heaters, or fireplaces—or even a blocked vent or chimney—can release carbon monoxide (CO), a dangerous and potentially deadly gas.

Known as the ‘silent killer,’ CO is invisible and odorless. uCheck out the tips below to learn how to protect yourself and your loved ones, and watch the short interactive video (on the right) to test your knowledge of CO safety.

Recognize the Symptoms

The signs of carbon monoxide (CO) poisoning can resemble flu symptoms but without a fever. To stay safe, ensure CO alarms are installed according to local regulations, test them monthly, and replace the batteries and check their expiration date twice a year.

Symptoms vary depending on the amount of CO inhaled and the duration of exposure:

Low Concentration:

• Mild headache

• Shortness of breath during moderate physical activity

Higher Concentration:

• Severe headache

• Dizziness

• Nausea/vomiting

• Confusion

• Weakness

• Impaired vision/hearing

• Fainting or collapse

• Loss of muscle control, drowsiness

Extreme Concentration:

• Unconsciousness

• Brain damage

• Death

If you suspect CO exposure, leave the building immediately and get fresh air. Call 911 and seek medical attention. Do not re-enter your home until a qualified professional, like a firefighter, confirms it's safe.

Know what to do

If your CO alarm sounds and someone is experiencing medical symptoms:

• Go outside immediately and get into fresh air.

• Call 911 from a safe distance and seek medical attention.

• Call a heating contractor for an inspection (there will be a charge for this service).

If your CO alarm sounds and there are no medical symptoms:

• Open all doors and windows.

• Call a heating contractor for an inspection (there will be a charge for this service).

Source: www.enbridgegas.com

3 Simple Winterization Steps for Your Lawn Tractor

Before putting your tractor away for the winter, take a few quick steps to avoid issues in the spring:

1. Prevent Engine Corrosion: Moisture in an idle engine can cause rust. To stop this, "fog" the engine by spraying an oily mist into each cylinder. Just remove the spark plugs, spray some aerosol fogging oil (available at auto parts stores), and reinstall the plugs.

2. Protect the Battery: A battery that isn’t fully charged can suffer permanent damage, especially in cold weather. Hook the battery up to a charger and charge it until the voltage reads 12.7 volts.

3. Stabilize the Fuel: Gas left sitting in the tank can clog the fuel system, leading to costly repairs. Add a fuel stabilizer like STA-BIL or Seafoam before storing the tractor. (It’s also a good idea to use a stabilizer year-round.) Stabilizers don’t work well with ethanol-blended gas, so if you’re unsure about the fuel, run the engine until the tank is empty.

Winterizing Your Gas Grill

If you don’t plan to grill during the winter, now’s the time to store your grill before it's buried under snow. After giving it a thorough cleaning to remove grease and food residue, follow these steps to ensure a hassle-free grilling season next spring:

1. Shut off the gas at the LP tank, detach the burner, remove the gas tubes, and take out the unit. Apply a layer of cooking oil to the burners and other metal parts to protect them from moisture and rust. Wrap the burner unit in a plastic bag to prevent spiders and insects from nesting in the gas tubes—a common issue that can cause poor starts, uneven flames, or even fires.

2. If you're storing your grill outdoors, leave the propane tank connected (but turned off) and cover the grill with a protective cover once cleaned. If storing indoors, disconnect the propane tank and leave it outside, upright, away from vents or play areas. Never store the tank indoors, as even a small leak can lead to a dangerous explosion. Finally, cover the grill’s gas line opening with a plastic bag to keep bugs out.

How to Winterize Your Sprinkler System

You can either hire a professional to blow out your sprinkler system each year or tackle it yourself with an air compressor. The key is ensuring no water remains in the lines, as any leftover moisture can freeze and cause pipes to burst. Keep in mind that even the largest home compressors can’t handle the entire system at once, so you’ll need to blow it out zone by zone.

If you have your original irrigation layout, you can calculate the cubic feet per minute (cfm) needed to blow out each zone. Divide the total gallons per minute (gpm) of the zone by 7.5 to find the cfm. If you don't have this information, just rent a 10-cfm compressor and hose from a local tool rental shop.

Set the compressor’s air pressure to a maximum of 80 psi for rigid PVC systems or 50 psi for flexible black polyethylene systems. Turn off the water supply and set the timer to open one zone at a time. If there's a manual drain valve at the end of the zone, open it as well.

Next, close both valves on the backflow preventer and remove the plug on the blow-out port. Attach a quick-connect hose adapter, connect the air hose, and blow out the zone. Once the sprinkler heads pop up and expel water, disconnect the hose immediately.

Avoid overdoing it, as the plastic gears inside the heads can melt in less than a minute without water to cool them. Move to the next zone and allow the heads to cool before repeating the process. For good measure, blow out each zone twice.

Winterize Your Pressure Washer or Risk Ice Damage

I once had an electric pressure washer—emphasis on had. A few years ago, I left it in the garage over winter without draining the pump. The water inside froze and expanded, and when I tried to use it the following spring, water sprayed out from everywhere except the nozzle. I learned the hard way that I should have disconnected the hoses and used a pump antifreeze/lubricant like Pump Saver from Briggs & Stratton. This product pushes out the water and replaces it with antifreeze and lubricant to protect the pump. You can find pump antifreeze/lubricants at most home improvement stores.

Protect Your A/C Compressor From Falling Icicles

There's no need to completely wrap your air conditioner for the winter—many manufacturers actually discourage it, as it can attract rodents and trap moisture, leading to premature corrosion. However, placing a piece of plywood on top of the unit is a smart way to shield it from potential damage caused by falling icicles.

Drain Your Garden Hoses or End Up Replacing Them

I’ll admit, I’ve occasionally been too lazy to drain my garden hoses before winter. Most of the time, it’s fine, but every now and then, frozen water splits a hose wide open. I’ve lost a few cheap ones this way, and even an expensive one (ouch!). It’s a needless expense because draining hoses is quick and simple: either blow out the water with an air compressor or stretch them out on a sloped yard or driveway to let the water drain out.

Gutter Cleaner Tip

An old plastic spatula works perfectly for cleaning debris from gutters! It won't scratch the surface, and you can easily trim it with snips to match the gutter’s shape. Plus, grime wipes off easily, making cleanup quick and simple. Not in the mood for all that effort?

The Government of Canada has announced a series of comprehensive mortgage reforms designed to make homeownership more attainable, particularly for younger Canadians. Rising mortgage costs have long been a barrier to buying a home, especially for Millennials and Gen Z. In response, new rules were introduced on August 1, 2024, allowing 30-year insured mortgages for first-time buyers purchasing newly constructed homes.

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced further changes to make mortgages more affordable and homeownership more accessible. Key reforms include:

• Raising the cap on insured mortgages from $1 million to $1.5 million starting December 15, 2024. This reflects current housing market conditions and will help more Canadians qualify for a mortgage with less than a 20% down payment.

• Expanding eligibility for 30-year mortgage amortizations to all first-time homebuyers and buyers of new builds, effective December 15, 2024, reducing monthly payments and boosting affordability. This also aims to encourage new housing construction, addressing the ongoing housing shortage.

These reforms build on the enhanced Canadian Mortgage Charter from Budget 2024, which allows insured mortgage holders to switch lenders at renewal without undergoing another mortgage stress test. This fosters greater competition and ensures that Canadians can secure the best mortgage rates when renewing.

These changes represent the most significant mortgage reforms in decades, forming part of the government's broader plan to build nearly 4 million homes—the largest housing initiative in Canadian history. Additional regulatory updates will be introduced in the coming weeks.

In addition to making mortgages more accessible, the federal government is taking steps to protect homebuyers and renters. Today, blueprints for a Renters’ Bill of Rights and a Home Buyers’ Bill of Rights were unveiled. These new policies, developed in partnership with provinces and territories, aim to eliminate unfair practices, simplify leases, and increase transparency in the housing market. The government is also leveraging the $5 billion Canada Housing Infrastructure Fund to encourage provincial action on issues like renovictions, blind bidding, and standardized lease agreements.

Quotes
“We’ve already helped more than 750,000 Canadians save for a down payment through the Tax-Free First Home Savings Account. Now, with these bold mortgage reforms, we are making it easier for Canadians—especially younger generations—to achieve homeownership. By raising the insured mortgage cap and extending repayment terms, we are unlocking homeownership for more people and encouraging lender competition to secure better rates.”
— The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

“Everyone deserves a safe, affordable home. These new mortgage measures will significantly help Canadians, especially first-time buyers, as they enter the housing market.”
— The Honourable Sean Fraser, Minister of Housing, Infrastructure, and Communities

Quick Facts

• The enhanced Canadian Mortgage Charter ensures that Canadians facing mortgage difficulties have access to tailored relief, and supports first-time homebuyers.

• Mortgage loan insurance enables Canadians to finance up to 95% of their home’s purchase price, helping them secure competitive interest rates with smaller down payments.

• The government’s housing plan, the largest in Canadian history, will unlock nearly 4 million new homes to make housing more affordable.

• The Tax-Free First Home Savings Account allows Canadians to save up to $8,000 annually and $40,000 in total, tax-free, towards a down payment.

• The Home Buyers’ Plan limit was increased from $35,000 to $60,000 in Budget 2024, allowing first-time buyers to withdraw from their Registered Retirement Savings Plan (RRSP) to build or buy their first home. This can be combined with the Tax-Free First Home Savings Account for maximum savings.

Source: www.canada.ca

Ottawa's real estate market is a standout performer throughout the year, and here's why:

Steady Economic Growth

Ottawa’s economy benefits from key sectors like government, technology, and education. As the nation’s capital, it attracts government jobs, tech professionals from companies like Shopify, and students from local universities, driving consistent housing demand.

Diverse Housing Options

With options ranging from historic homes in The Glebe to modern condos in Downtown, Ottawa caters to all preferences and budgets. This diversity means both buyers and sellers can find what they're looking for, whether it’s a first home or an investment property.

Strong Rental Market

Ottawa’s rental market remains strong, supported by students, government employees, and tech workers. This steady demand is great for investors seeking reliable returns and for buyers who may want to rent before purchasing.

Quality of Life

High quality of life in Ottawa, including its clean environment, excellent healthcare, and abundant green spaces, makes it a desirable place to live and invest. This appeal keeps the market active and attractive for both buyers and sellers.

Market Trends and Timing

While Ottawa’s market has seasonal variations, its underlying stability offers year-round opportunities. Sellers can benefit from understanding market timing and maintaining their homes, while buyers should stay informed to seize the right moment.

In conclusion, Ottawa’s thriving real estate market offers benefits for both buyers and sellers. Its economic stability, diverse options, strong rental market, and high quality of life create a vibrant landscape for making informed real estate decisions.

For personalized advice and insights, contact us today!