Tuesday, April 15, 2008

Welcome, Liza Goodfellow to our Cambridge Office



Liza moved to Cambridge 4 years ago from Trenton where she grew up. She has been a real estate agent for 1 year. Before getting into real estate Liza had worked for 15 years in supply management, she was a buyer for John Deere, Ballard and Case.

Liza and her husband, Jamie, have two beautiful children, Grant (3) and Sophie (1). Liza is very involved in “Funspiel for Kids” a program to benefit the Children’s Aid Foundation.

When Liza takes the time to relax she spends it golfing, remodeling and playing with her kids.

Monday, March 31, 2008

Our 2007 Award Winners

Congratulations to all our Award Winners, who excelled in production over the past year. All were recognized at our annual Awards Breakfast held on Thursday, March 27th at the Charcoal Steak House.

Chairman's Circle Platinum Award

Jose Bairos


Chairman's Circle, Gold Award

Scott and Lisa Hube

Mike Milovick

Li Li




President's Circle Award

Eric Klimstra

Mary McMurran

Dorinda Orser Team


Leading Edge Society

Jade Ho

David Kivell

Marie Miller & Jerry Jarman


Honour Society

Dana Bednis-Schnittke

Paul Dawson

Rena Miller

Janet Good

Tamara Martin

Ernie & Iola Shomphe

Lucy Schito


Rookie of the Year

Lois Aguas, Cambridge

Eric Klimstra, Kitchener


Award of Excellence

Lucy Schito, Cambridge

Nelly Kilianski, Kitchener


Ten Year Legend Award

Scott & Lisa Hube


PREA 100 Award

Jose Bairos

Sunday, March 30, 2008

The Value of a Coach

In the past few years, coaching of real estate agents has become very common and popular. For those involved in the progams, they can give testament to the value of coaching. Here is a video that was sent to me by Marshall Northcott that shows the value of a coach. Take the time to watch righ through to the end. It has an interesting finish.

Thursday, March 06, 2008

February 2008 Monthly MLS Statistics

Here are the February 2008 MLS monthly statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 260,121$234,310$249,888$225,346
Percentage Change+11.0%+10.8%
Properties Sold493511218210
New Listings/Sales Ratio61.8%69.9%69.9%56.5%
Properties For Sale Now17091961684804

Monday, March 03, 2008

Food for Thought


I was browsing through our REM magazine the other day and came across an article by Heino Molls that caught my eye. (Heino is the publisher of REM and occassionally runs editorial columns.)
This one deals with a unique form of marketing and it's called "Donut Shop Marketing" If you haven't read it already, take a minute. It's worth the read.
What do you do set yourself apart from the crowd?

Here's the link:Donut Shop Marketing

Wednesday, February 20, 2008

Upcoming RECO Update Courses

Over the past while, I have had several Cambridge agents ask me about schedules for upcoming RECO Update courses being held in the area. The Kitchener-Waterloo Board holds RECO Updates in their classroom almost every month. You still have to register at OREA to attend. Here is a list of the upcoming seminars in K-W and the instructors:
March 19th - Marg Gourlay
April 9th - Mark Weisleder
May 14th - Angie Asadoorian
June 18th - David O'Gorman
July 9th - Mark Weisleder

Wednesday, February 13, 2008

Do You Think About the Competition?


Competition is everywhere. Coke vs Pepsi. General Motor vs Ford. McDonald's vs Burger King. Re/Max vs Prudential (we already know who has the better agents!)

When you're listing a property and talking about the asking price, how much time do you spend talking to your seller about the competition? My suspicion is not as much as you should.

If you look at the neighbourhood and properites within an 25 to 50,000 price range, how does your listing stack up? Is your listing the best deal? Is it maybe a little weak in a couple areas but the price reflects that? Is it maybe a bit more money but has lots of features to dictate the higher asking price? These all fit in with the $ 64,000 question. In reality, the buyers looking and comparing, are very bright people. They can't be tricked. They are going to buy the one that they like the best and is the best value.

In today's market, the average days on market (DOM) is around 50 days. We have discussed ad nauseum how this statistic is skewed by agents who cancel or expire listing and "put them back on". But, irregardless of the number, the fact is that well priced properties sell in less than the DOM average and over priced listings (with price reductions factored in) take longer to sell.

Do yourself, and your seller a favour. Spend an hour or two showing them "the competition". Tell your seller he has a bit of bias that they need to leave on the doorstep. You may find that all your CMA homework is out the window when compared to what else for sale right now. Buyers are not stupid, and ultimately, it is they, not you or your seller, who decide the value.

Saturday, February 09, 2008

Ode to Bernie


It is with sadness that we learn of the retirement of Bernie Vogt as Canadian President of Prudential Real Estate.
Bernie has lots of ties to Waterloo Region. He grew up in the Preston part of Cambridge, attending Preston High School. His parents owned and operated a restaurant for many years on Frederick Street in Kitchener where the Three Kretans Restaurant is now. His first real estate career was as a sales representative in Kitchener with Canada Trust Realty.
He has held his present position with Prudential since 1998 when he sold out his Countrywide franchise operations to Prudential. Prior to that he had been a senior Vice President with Royal Lepage.
He has always been a great supporter of Prudential Grand Valley Realty and attended many of our events. Many of our agents have got to know Bernie well. He will be sadly missed.
We sincerely wish Bernie all the best. We hope that he and Joy enjoy a long and happy retirement.

Friday, February 08, 2008

January 2008 Monthly MLS Statistics

Here are the January 2008 MLS monthly statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 263,860$244,832$251,640$241,853
Percentage Change+7.8%+4.2%
Properties Sold381379177196
New Listings/Sales Ratio41.0%41.8%63.9%69.3%
Properties For Sale Now15531935483543

Tuesday, February 05, 2008

Draw the Button, Daryl!



Daryl Shane is doing our company proud! If you don't know Daryl already, you should know that he is an avid curler, and certainly has a reputation as one of the best in Waterloo Region.
This week, he is representing our area in the Ontario championships, the TSC Tankard, being played in Waterloo at the Waterloo Rec Centre. He is the skip of the local team and certainly has the home field advantage.
You can check out his results at TSC Tankardwebsite. Also, here's an article in the K-W Record about his qualifying last week.
Go Daryl!

Wednesday, January 30, 2008

Milestones Acheived






Recently the Kitchener Waterloo Real Estate Board recognized their long standing members and three of our agents were recognized. Congratulations to Adrian Bodea (25 years of service), Jade Ho for 20 years of service, and Nelly Kilianski for 20 years of service (I know, I know, you started when you were 16!)






Congratulations to all three of you. Some days it seems like a few weeks, and other times, it feels like forever!

Wednesday, January 16, 2008

Dates Set for Leader's Edge Training



We have confirmed the dates for this year's Chris Leader training.
The "Bridge to Success" event will be held on Monday February 11,2008 from 10 AM to 1PM (Coffee at 9:30) at the Mississauga Convention Centre, which is on Hwy 10, about 5 minutes north of the 401. This is the free introductory event.
The nine week program starts on Tuesday, March 4th.
You can learn more about the program, and check out pictures of last year's group on Chris' website at Leaders Edge Training.
There is a sign up sheet at the office for the February 11th event.

Welcome Grace Szymanska




Grace has been in the business for 3 years, with previous experience at Royal Lepage Wolle Realty. Grace is married and has 2 children. She grew up in Warsaw, Poland and moved to Canada in 1990.

Grace has worked at a legal office in Poland and has also worked at Clarica Insurance.

When Grace isn’t working she enjoys walking, biking and cross-country skiing.

Thursday, January 10, 2008

2007 In Review

I am pleased to say that once again, real estate sales were good to us in 2007. As I look back on the 2007 MLS statistics, 2007 was the best year on record for the K-W Board and the second best year on record for the Cambridge Board. I guess it can’t get much better than that. The strange thing is that, it came in like a lion, and out like a lamb. There were great numbers at the beginning of the year, but November and December were very slow. But, overall, we must be very happy.

Here are couple personal observations. In December, the average sale price in Toronto went over $400,000 for the first time. Our average sale price is still under $ 250,000. For the past 15 to 25 years the market has maintained a gap of about $ 100,000 in these average sale price numbers. Now, that number has spread to $ 150,000. My first thought is that our prices are a little undervalued. Average sale prices in Saskatchewan are now higher than ours. The average sale price in North Vancouver and West Vancouver is over a million dollars. Does that make sense? You be the judge. We are continually rated as one of the top five places to live in Canada in all categories, but our real estate prices move upward at a slow, controlled pace.

When talking real estate, the favourite topic is the U.S sub-prime dilemma. In some major American markets, there are horrific stories about foreclosures and price declines. Someone told me recently, that with price declines and the US dollar, you can now buy a condo in Florida for less than half the price you could five years ago. In some areas, like Florida, it is definitely not a fun time to be in our business. As Canadians, we “think” that we always follow the American lead. But, given the background, I would suggest that we are about to turn the corner and be able to say that we dodged the bullet. Political differences, our mortgage rules, our economy, and, let’s face it... a bit of luck, have left us in a great situation.

Regarding our local market, it is interesting to note the issue of new home sales. CMHC (Canada Mortgage and Housing) numbers show single family housing starts as marginally lower this year than 2006. But, when you analyze those numbers, it becomes interesting. In Cambridge, there were less than 60 new homes built in 2007. Development restrictions, and government delays, caused a city of 120,000 people to build almost no houses. How this affects the market in 2008, is anybody’s guess. Kitchener-Waterloo numbers were slightly lower than normal but not as remarkable. The other issue is, that lots have become so expensive for builders that it has become very difficult for builders to compete price-wise with re-sale homes. The gap is definitely wider than normal. This should prove to be an interesting observation in 2008. We already know that there will be many more lots available and new homes built. Will the pricing affect the resale market? We’ll find out.

What does 2008 hold in store? Nobody knows for sure, but all indications are for another good year. Unemployment rates are good, and, the economy is good. The increase in the Canadian dollar does not appear to have hugely affected the Canadian economy as feared. It looks like we will have another good year in real estate in Waterloo Region.

Please find below some of the barometer statistics from our two real estate boards. The key numbers are: an average sale price around $245,000 after a 5.5 % increase from 2006.

Let’s hope we can report similar numbers a year from now. Best wishes for a great 2008.



K-W 2007K-W 2006Cambridge 2007Cambridge 2006
Avg. Sale Price$ 248,879$235,629$242,753$230,371
Percentage Change+5.6%+5.4%
Properties Sold6808601429912813
New Listings/Sales Ratio70.6%62.4%67.5%58.6%

Wednesday, January 09, 2008

December Monthly MLS Statistics

Here are the December 2007 MLS monthly statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 246,613$235,791$245,954$210,829
Percentage Change+6.7%+16.7%
Properties Sold301309124151
New Listings/Sales Ratio90.4%86.3%91.8%89.3%
Properties For Sale Now11511624552736

Tuesday, January 08, 2008

Welcome Keith Marshall to our Kitchener Office



Keith was born in Kitimat, BC and grew up in Victoria, BC, St Lawrence, NF, Thamesford, Kingston and Ottawa. He lived in Taiwan for ten years, where he was first a student, then a teacher, an immigration consultant, and finally an account executive with a large advertising firm.

He returned to Canada in 2000 and settled in Waterloo.

Keith has been married to Wenling for 16 years. They met in university, they have two beautiful and active teenage daughters Abby (13) and Sally (11). Abby is a musician, she plays piano and cello. This year she is playing in the KW Youth Orchestra. Sally is the soccer star, she plays on Waterloo’s rep team.

Since returning to Canada, Keith has been working in (print advertising) sales. He became licensed in September and is looking forward to the challenges of a real estate career.

Wednesday, January 02, 2008

Welcome to Dee Lenjo - Cambridge office




Dee and her husband Stan moved to Canada in 1994 from Novi Sad, Europe. They have to sons, Michael (8) and Thomas (5 ½). Dee has lived in the Cambridge area for 4 years.

Dee worked at a weather station in Europe and has also worked at a bank as a teller.

Dee speaks a number of languages including Slovak, Croatian and Serbian.

Dee is very proud of her to boys and is also very proud to have completed her courses at the Real Estate College.

Tuesday, December 25, 2007

Merry Christmas!

Merry Christmas to all the sales staff, support staff, and your families. Have a great holiday season and a prosperous 2008.

Tuesday, December 18, 2007

Ontario Government to Rebate Land Transfer Tax for First Time Buyers

The provincial government has announced that it is expanding the PROVINCIAL land transfer tax rebate for first-time buyers to include re-sale housing, something which REALTORS have lobbied for. The letter that initially came out was a little confusing, so some realtors thought that legislation already passed, which is not the case.
If you haven't had a chance to read this news here is more details for you:

First-time buyers of BOTH re-sale, and newly constructed homes, will be eligible for a rebate of the provincial land transfer tax of up to $2,000.
Effective for first-time buyers who enter into Agreements of Purchase and Sale AFTER December 13, 2007.
This change is being implemented by provincial legislation introduced on December 13, 2007. The Ministry of Finance has indicated that, until the legislation is passed, first-time buyers of re-sale properties eligible for the rebate can submit their applications for the refund and they will be processed once the legislation has passed. It is not known when the legislation will be passed. Buyers can consult with their lawyers if they have concerns.
The provincial land transfer tax rebate applies in all Ontario municipalities. In Toronto, the provincial rebate is in addition to City rebates of the Toronto Land Transfer Tax

November 2007 MLS Statistics

Here are the November 2007 MLS statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 261,510$227,642$242,673$228,580
Percentage Change+14.9%+6.2%
Properties Sold503439196212
New Listings/Sales Ratio85.2%67.2%69.0%59.6%
Properties For Sale Now11171450707930

Wednesday, December 05, 2007

Welcome Robin Galt to our Cambridge office



Robin Galt has lived in Cambridge in her whole life except for the 4 years that she lived in Halton Hills.

Robin and her husband John have 3 children; Chris 26, Dave 19 and Michelle 16. Over the past 10 years Robin has been very busy with her children’s extra curricular activities including hockey, dance, swimming and music. Robin and her husband are extremely proud of their children’s accomplishments.

Robin has been an I.T. professional for 30 years in the manufacturing sector specializing in programming, EDI, RFID and Bar coding.

When Robin has some free time she enjoys playing golf, reading and taking Jazzercise classes.

Tuesday, November 06, 2007

October 07 MLS Statistics

Here are the Ovtober 2007 MLS statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 254,247$242,127$260,507$235,634
Percentage Change+5.0%+10.6%
Properties Sold521470237215
New Listings/Sales Ratio72.0%63.3%69.3%51.9%
Properties For Sale Now16652075733960

Thursday, October 18, 2007

The US Credit Squeeze and the Canadian Market

The following is a copy of some comments by Benjamin Tal, an economist with CIBC> We often hear about the credit crisis in the United States. Here is Benjamin's take on how it affects us here in Canada and the effect on Canadian mortages.

Short Remarks on the Current Credit Squeeze and Its Impact on the Mortgage Market

It’s far from over. The news from the US subprime space will get much worse in the coming year, with default rates surging to unprecedented levels. But what really counts for the market is how much of this bad news is already reflected in current prices. It turns out that not only did the barrage of negative headlines of recent months raise the level of market immunity to adverse subprime news, but in fact, even after its recent improvement, the mortgage – backed market is currently pricing in a darker picture than the one likely to emerge when the smoke clears.

Based on this information and our main case macro scenario, we predict that the cumulative default rate on subprime mortgages for the 2006 and early 2007 vintages will reach 25% with the loss rate averaging just over 12%. To put things in perspective, this outcome is 35% worse that the losses seen in the 2000 vintage loans from Michigan, Indiana and Ohio – the worst performing vintage and geographic locations to date, and roughly in line with the performance of 99% percentile of regional default rates in the recessionary vintage of 2000-2001.

That’s what we believe to be the most likely scenario. But what does the market think? Based on information obtained from various sources we calculated the market implied default rate for US subprime debt. Current credit-default swap prices suggest cumulative default rates ranging between 28% for the BBB – rated tranche and 32% for the A rated tranche – for weighted average of close to 30%. Those implied default rates are roughly 20% higher than our projection – suggesting that the market is currently pricing in a much more draconian outcome than our main case scenario suggests.

So far the correction in the market is not an equity market story. It’s definitely a credit market story. Risk premiums on both high and low quality bonds rose notably over the past month. However, a closer look suggests that current premiums are consistent with their long-term average, and much lower than premiums seen in crisis such as the 1998 Long Term Capital Management crisis. In other words, the correction that we have seen in credit markets is a move from an abnormal situation to a normal situation. Until now the price on risk was simply much too low.

What does it mean for mortgage rates? The very important Prime-BA spread fell from its long-term average of around 160 basis points to 120 basis points. This is a direct 40 basis points hit to Banks’ profit margins on certain products. Note that the Bank of Canada did not cut rates despite a 50 basis points rate cut by the Fed.

And given that until a month ago the Bank was planning to raise interest rates by at least 25 basis points – the current tightening in monetary conditions can be seen as a substitute to a rate hike. Put differently, the market is doing the Bank of Canada’s job.

So Canadian banks, facing this squeeze in margins can either raise the prime rate (in the past, we have seen situations in which the rime rate moved independently of the Bank of Canada’s rate), adjust their discretionary rates, or do nothing – with the hope that the Prime-BA rate will return to normal soon.

In recent days, the Prime-BA spread improved to 140 basis points- a sign that the market is starting to return to normal. Clearly the market is reacting to the 50 basis points rate cut by the Fed, and to the possibility that the Fed will cut rates even further.

So given the possibility of a recession in the US (or a very sever slowdown), the likelihood is that Canadian rates will, at the minimum, remain relatively stable over the next 3-6 months with a possibility of some softening in rates. Beyond that, as the US economy recovers, it is possible that both the Bank of Canada and the Fed will start (resume) a cycle of rate increases. What does the crisis mean for the Canadian subprime business? There is little double that in the coming months we will see a significant slowing in originations (as of July originations were still rising by more than 30% a year). But from a longer term perspective, we believe that this segment of the market is still likely to rise strongly – but probably with more reasonable and accurate pricing.

Thursday, October 11, 2007

Lois Aguas - Cambridge office


Please welcome to our office Lois Aguas.

Lois grew up in Sault Ste. Marie, Ontario and has lived in the area for 15 years. Lois and her husband Jacob have been married for 21 years and have 2 daughters, Emylee (20) and Alyssa (16).

Lois was a registered nurse for 20 years and followed that with 10 years as an unregistered New Home Sales rep.

Lois spends time volunteering with her church, including providing, preparing and serving a full course meal to approx. 150 homeless persons in Geulph Downtown core, 5 times a year.

In her spare time Lois enjoys listening to music and spending time with her pet Maltese “Enzo”.

Tuesday, October 09, 2007

September MLS Sales Statistics

Here are the September 2007 MLS statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 253,071$237,131$248,172$227,223
Percentage Change+6.7%+9.2%
Properties Sold473471221238
New Listings/Sales Ratio60.8%51.8%61.4%50.5%
Properties For Sale Now17172129749940

Monday, October 01, 2007

Brian Ashton - Cambridge office


Born and bred in Cambridge or Galt as it was known back in the old days, Brian is married to his high-school sweetheart Janet, (nee) Reid of Ayr, Ontario. They are proud parents of a daughter, Robin, son Matthew, daughter-in-law Amanda and two grand dogs, Milo and Stella.

He graduated from Southwood Secondary School and later earned a Bachelor of Science degree from McMaster University and a Master of Business Administration degree from Wilfred Laurier University.

His work experience has mainly been in manufacturing and distribution holding positions as an Industrial Chemist, Technical Sales Representative (automotive products), Director of Information Technology, National Sales and Marketing Manager for Canada and Vice President of Group Sales and Marketing for North America. He has had as accounts such customers as Ford Motor Company in Detroit, American Airlines, Delta Airlines, Westjet and the Canadian Military.

After several years of two to three hour daily commutes to and from his office, Brian broke away from the rat-race and gained his Real Estate license in April of 2007. His favourite hobbies include photography, videography and, as his wife puts it, playing with his computer! Brian is also active with his church and the Sunshine Kids.

Monday, September 24, 2007

Welcome to Marie Sargent


We welcome Marie to our Cambridge office.

Marie was born and raised in Brockville, Ontario, the youngest of 3.

She graduated from the Business and Commerce Course at the Local High school, Brockville Collegiate Institute. Further education was obtained from St. Lawrence College in Brockville where she received her Data Processing Degree and Computer Science Degree, with further studies in Business Management taken at Queens University, Kingston, Ontario and the American Management Association, Toronto, Ontario. In 2005 she completed her Small Business Management Program at Conestoga College, Kitchener, Ontario; and last year she became Cambridge Towel's ISO 9001:2000 QMS Lead Auditor obtaining certification of Individual Quality Management Systems Internal Auditors by RABQSA.

Marie and her husband Robert were high school sweethearts, having celebrated our 35th wedding anniversary last April. They have 2 adorable children; their youngest is Sheba, a 130+ pound, 8 year old Great Pyrenees canine and Sam, our 10 year old feline.

Marie started her 35+ years career in Information Technology teaching computer courses at St. Lawrence College in Brockville, moving into the Manufacturing sector in the late seventies, working for Black & Decker Canada for 15+ years, and finally relocating to Cambridge in 1995 to work for The Cambridge Towel Corporation.

Throughout her career in information technology she has been very active in the 'industry user groups' being an Active Board Member and co-founder of "COiN - Central Ontario I-series Networking User Group"; being Vice-President, Board of Directors, for 3 years and President, Board of Directors, for 3 years, she recently retired from the COiN board. Meanwhile, she was also President of the Eastern Canada User Group (ECRUG), a 2,000+ membership for PeopleSoft and J. D. Edwards software users. During her tenure as President of these 2 industry groups she Received an award of distinction at the Quest Global conference, for her contribution to J.D.Edward's user groups, and was inducted into the IBM Canada Hall of Fame upon receiving an award in recognition of my demonstrated dedication and enthusiasm for the IBM iSeries user industry groups.

She has many interests, but in particular, she is an Avid gardener who loves golfing, walking, swimming and reading.

Reflecting back at her past performance as an Information Technology professional she has experienced a fabulous career, having met and worked with many wonderful people. She looks forward to the years ahead as she has decided that today's Real Estate Professional and Marie have the same qualities in common: self-disciplined, organized, intelligent, knowledge of business and the real estate world from many perspectives, and a good negotiator. Marie accomplishes what she starts out to do with a very pleasant, positive outlook and
a 'can do' attitude.

Tips for Fighting Mold in the Home

Here's an article from RIS Media that would be great for your newsletter...

Tips for Fighting Mold

Without mold, we would find ourselves wading neck-deep in dead plant matter. And we wouldn’t have great foods and medicines, such as cheese and penicillin. However, problems arise when mold starts digesting organic materials we don’t want them to, like our homes.What are molds?

With more than 100,000 species in the world, it is no wonder molds can be found everywhere. Neither animal nor plant, molds are microscopic organisms that produce enzymes to digest organic matter and spores to reproduce. These organisms are part of the fungi kingdom, a realm shared with mushrooms, yeast, and mildews. In nature, mold plays a key role in the decomposition of leaves, wood, and other plant debris.

Where can I find mold?

Molds thrive in warm and humid conditions, but you can find them year-round in virtually every type of environment, both indoors and outdoors. You’ll find them outdoors in shady, damp areas and places where leaves or other vegetation is decomposing. Indoors you will find them in basements, showers and in other areas where humidity levels are high. It’s worth noting that you can use the terms “mold” and “mildew” interchangeably, although mildew is often applied to growth of fungi on fabrics, window sills or bathroom tiles.

How do molds grow in my home?

Once mold spores settle in your home, they need moisture to begin growing and digesting whatever they are growing on. There are molds that can grow on wood, ceiling tiles, wallpaper, paints, carpet, sheet rock, and insulation. When excess moisture or water builds up in your home from say, a leaky roof, high humidity, or flooding, conditions are often ideal for molds. Longstanding moisture or high humidity conditions and mold growth go together. Realistically, there is no way to rid all mold and mold spores from your home; the way to control mold growth is to control moisture.

How can I be exposed to mold?

When molds are disturbed, their spores may be released into the air. You then can be exposed to the spores through the air you breathe. Also, if you directly handle moldy materials, you can be exposed to mold and mold spores through contact with your skin. Eating moldy foods or hand-to-mouth contact after handling moldy materials is yet another way you may be exposed.

How do I know if I have a mold problem?

You may have seen white thread-like growths or clusters of small black specks along your damp bathroom or basement walls, or smelled a “musty” odor. Seeing and smelling mold is a good indication that you have a mold problem. However, you cannot always rely upon your senses to locate molds. Hidden mold can be growing behind wall coverings or ceiling tiles.

Common places to find mold are in areas where water has damaged building materials and furnishings perhaps from flooding or plumbing leaks. Mold can also be found growing along walls where warm moist air condenses on cooler wall surfaces, such as inside cold exterior walls, behind dressers, headboards, and in closets where articles are stored against walls. Rooms with both high water usage and humidity, such as kitchens, bathrooms, laundry rooms, and basements are often havens for mold. If you notice mold or know of water damaged areas in your home, it is time to take action to control its growth.

How can I control mold growth in my home?

Fix any moisture problems in your home:
Stop all water leaks first. Repair leaking roofs and plumbing fixtures. Move water away from concrete slabs and basement walls.

Increase air circulation within your home, especially along the inside of exterior walls, and ventilate with fresh air from outside. Provide warm air to all areas of the home. Move large objects away from the inside of exterior walls just a few inches to provide good air circulation.

Install and use exhaust fans in bathrooms, kitchens, and laundry rooms.

Ventilate and insulate attic and crawl spaces. Cover earth floors in crawl spaces with heavy plastic.

Clean and dry water damaged carpets, clothing, bedding, upholstered furniture within 24 to 48 hours, or consider removing and replacing damaged furnishings.

Vacuum and clean your home regularly.

How do I clean up mold?

The time you are most likely to stir up spores and be exposed is the very time you are trying to clean up your mold problem. That’s when you need to be the most careful. First, try to determine the extent of the mold infestation. If the area is small and well-defined, you can do the clean up, as long as you are free of any health symptoms or allergies. However, if the mold problem is extensive, such as between the walls or under the floors, you should leave clean up to a professional.

Large Areas:
1. Consider having a professional cleanup the area. To find a professional, check under “Fire and Water Damage Restoration” in your Yellow Pages. If you decide to clean up on your own, follow the guidance below.
2. Protect yourself by using goggles, gloves, and breathing protection while working in the area. For large consolidated areas of mold growth, you should use an OSHA (Occupational Safety & Health Administration) approved particle mask.
3. Seal off area from the rest of your home. Cover heat registers or ventilation ducts/grills. Open a window before you start to clean up.
4. Remove all your furnishings to a neutral area to be cleaned later. Follow cleaning directions below.
5. Bag all moldy materials, you will be discarding.
6. Scrub all affected hard surfaces: First with a mild detergent solution, such as laundry detergent and warm water. Then use a solution of 1/4 cup bleach to one quart of water. Wait 20 minutes and repeat. Wait another 20 minutes. Last, apply a borate-based detergent solution and do not rinse. This will help prevent mold from growing again. To find a borate-based detergent, read the ingredients listed on the package label for borates.
7. Give the entire area a good cleaning. Vacuum floors, and wash bedding and clothes if exposed.
Small Areas:
1. Protect yourself by using goggles, gloves, and breathing protection while working in the area. For small isolated areas of mold growth, a cotton dust mask should do.
2. Seal off area from the rest of your home. Cover heat registers or ventilation ducts/grills. Cover all your furniture. Open a window before you start clean up.
3. Bag all moldy materials, you will be discarding.
4. Scrub all affected hard surfaces: First with a mild detergent solution, such as laundry detergent and warm water. Then use a solution of 1/4 cup bleach to one quart of water. Wait 20 minutes and repeat. Wait another 20 minutes. Last, apply a borate-based detergent solution and do not rinse. This will help prevent mold from growing again. To find a borate-based detergent, read the ingredients listed on the package label for borates.
5. Give the entire area a good cleaning, vacuum floors, and wash bedding and clothes if exposed.

Clean all furnishings exposed to mold.

Permeable and washable: Such as clothing, bedding, and other washable articles. Simply run through the laundry.

Non-permeable and washable: Such as wood, metal, plastic, glass, and ceramics. Mix a solution of one cap bleach to one quart of water. Bleach may fade colors, so test your beach solution before using. If fine, wipe down your articles.

Permeable but not washable: Such as beds and furniture. If these furnishings are moldy, you should consider discarding and replacing them. If you decide it is a keeper, take the furnishing outside. Give it a good vacuuming, and let it air out. When finished, if you do not notice an odor it should be okay. However, watch for any mold growth or health problems.

How can I decrease exposure to mold?

If you know that you are particularly sensitive to mold, avoid compost piles, cut grass, wooded areas and other outdoor areas more conducive to high mold concentration. Inside your home, you can slow mold growth by keeping humidity levels between 40% and 60%, and ventilating showers and cooking areas. If there is mold growth in your home, you should clean up the mold and fix any leaks. You can remove mold growth from hard surfaces and minimize their allergenic effects by using commercial products, soap and water, or a weak bleach solution (1 cup of bleach in 1 gallon of water).

Specific recommendations:

Keep the humidity level in the house between 40% and 60%.
Use an air conditioner or a dehumidifier during humid months.
Be sure the home has adequate ventilation, including exhaust fans.
Add mold inhibitors to paints before application.
Clean bathrooms with mold-killing products.
Do not carpet bathrooms and basements.
Remove or replace wet carpets and upholstery.

Thursday, September 13, 2007

Welcome Wayne Canning


We would like to welcome Wayne Canning to our team of sales agents in the Kitchener office.

Wayne grew up in Toronto and has lived in the Guelph area for 15 years. Wayne has been married to Diane for 28 years and they have 3 wonderful children, Ryan (26), Melissa (22) and Katy (19).

In recent years, Wayne and Diane have invested in student rental properties near the University of Waterloo, Wayne’s ability to work well with others has been instrumental in ensuring continued success in the operation of the properties. His experience in this area has been very helpful to his clients.

Wayne focuses in the needs of his clients and he takes pride in his ability to deliver more than what is expected. He believes that integrity, preparedness and an unwavering commitment to customer service and the key components to being successful as a real estate professional.

Outside of real estate and running student rental properties, Wayne enjoys relaxing by playing golf or getting in a game of hockey!

Monday, September 10, 2007

August 2007 Monthly MLS Statistics

Here are the August 2007 MLS statistics from our two real estate boards:


K-W This MonthK-W Last YearCambridge This MonthCambridge Last Year
Avg. Sale Price$ 246,852$240,256$248,564$223,349
Percentage Change+2.7%+7.7%
Properties Sold592529260241
New Listings/Sales Ratio81.3%61.9%70.5%54.9%
Properties For Sale Now16472012763990