Monthly Archives: June 2014

Here comes the echo boomer to save the housing market.

echo boomers

Even though there are just under 10 million Canadian Baby Boomers aged 49-67, they are actually outnumbered by those aged 20-38.

There’s a new kid in town ready to save Canada’s housing market and maybe even the economy — at least for a few more years.

A new report says that Canadian residential real estate has been getting a huge boost from so-called echo boomers, those in the 20-38 age bracket.

“The Canadian housing market keeps soldiering on and, while much focus is cast on brash calls of overvaluation, mortgage rate wars and mortgage rules, demographics are playing a less-publicized yet important role,” said Bank of Montreal economist Robert Kavcic, in a report released Thursday.

“The Baby Boom generation grabs most of the attention on this front, but their children, the echo boomers, pack a heavy economic punch as well.”

Even though there are just under 10 million Canadian Baby Boomers aged 49-67, they are actually outnumbered by those aged 20-38.

In an interview, Mr. Kavcic said the emergence of the echo boomers bodes well for the overall economy but, like housing, the tide will eventually turn because the next cohort coming through simply isn’t as large.

“For the next couple of years, there is enough population to support the retiring population but when you look out past 2018, the bulk of the Baby Boomers are approaching 65 and behind the echo boom there is a significant dip in the population,” he said.

Fertility rates among Boomers has been lower than for their parents, resulting in fewer children. But the gap has been filled by immigration which the economist said has been concentrated in the echo boomer age group.

Source: www.FinancialPost.com

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Tips for grilling fish this summer!

fish

Nothing is better than grilling fish that you caught the same day. Whether you were out fishing in a beautiful lake, stream, river or ocean, or just popped down to your local grocery store to buy a fish filet, grilling fish is one of the easiest and best ways to have a healthy and delicious dinner. With a little practice and using these tips you can grill your fish perfectly every time.

Preparing the Fish

Cut your fish into portions. If there are thicker areas you may want to have them separated because they will need to cook a bit longer. Always leave the skin of the fish on. This allows your fish to maintain more moisture during the grilling process. If you are using a bony fish you may want to de-bone it as well as you can prior to grilling.

You can marinate the fish ahead of time if you desire. If you aren’t going to marinate it, then you will want to lightly brush your fish with oil on both sides. A little bit of salt and fresh ground pepper to taste alone can give you sPreparing the Grill

You want to make sure that your grill is clean and ready to cook. You can find tips on that here. You will want to preheat your grill on high heat prior to cooking your fish. When the grill is heated and ready to go, you may want to brush it lightly with oil to ensure that the fish will not stick. If you are using a grilling basket to make it easier to flip and move your fish on the grill, you will want to brush it with oil instead.

Cooking the Fish

Set the grill at medium-high to high heat. Start cooking the fish with the skin down towards the flames. Keep an eye on your fish, but avoid moving it often. You will want to flip it once with your spatula when it is about half way cooked. Grilling time can vary greatly depending on the thickness and type of your fish. You will know your fish is done grilling when it can easily be flaked with a fork. Let it cool slightly then serve it up with some grilled vegetables or your favorite side dish. Bon Appétit!

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Canadian homebuilding beats expectation this May

trendhomesnewhome

Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.

A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 198,324 in May from an upwardly revised 196,687 units in April. That surpassed analysts’ expectations for a May reading of 185,000.

“Activity is picking back up to its pre-winter trend, another sign that it was the weather and not a fundamental slowdown that dampened Canadian growth in the last few months,” Bill Adams, senior international economist foThe trend so far in 2014 looks to be another year of activity more or less on par with 2013, and markedly lower than before the mid-2012 tightening of Canadian mortgage underwriting standards.”

While housing starts are within a healthy range now, a significant increase in months to come could catch the attention of Ottawa policymakers, said BMO economist Robert Kavcic.

“Canadian homebuilding activity has firmed up after a volatile winter. While current levels of starts are still within the range supported by fundamentals, a significant and sustained upward move from here could turn policymakers’ heads,” he said in a note Monday.

Canada’s housing market has risen unsteadily for the last five years and appears to be settling down for a soft landing, with housing starts slowing from red-hot 2012 levels in 2013 and maintaining the slower pace so far in 2014, on average.

The strong showing in April and May is likely a rebound from a weather-related slump in the winter, and took the two-month average 12.9 percent higher than the 175,000 recorded in the first three months of 2014, RBC economist Laura Cooper said in a research note.

“In the near-term, this rebound in residential investment is expected to lift overall GDP growth in the second quarter; however, with the weather-related volatility having likely now run its course, we anticipate that the pace of new home construction will cool once again over the second half of this year to levels similar to that averaged over the first half,” Cooper said.

May’s strength came from the single-detached housing sector, where starts rose 5.4%, as construction of multiples — typically condos — edged 0.8% lower.

The gains were fairly broad-based across the country, with starts in Quebec, British Columbia and the Atlantic region rising strongly, while Ontario was flat and the Prairies were lower.

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Benefits of owning a modular home.

chic

 

 

Are Modular homes more or less expensive than those built on site?

Pre-fab homes can typically save you quite a bit of money.  Because they are constructed in a factory they can be built fairly quickly, a matter of weeks as opposed to months, which can be quite significant. The reason for this is that there are no extreme weather delays. Furthermore all inspections are performed at the factories during each phase of construction by a third party inspector, and are completed before the homes are transported to their new locations.

What are the benefits to owning a modular home?

Modular homes can be more affordable. Their shorter build time will save you money on the overall construction. Home inspections are not needed as these are all done in factory. They are much more energy efficient, therefore your monthly expenses will be substantially less. Modular homes are environmentally friendly due to their efficiency. There are a great variety of homes from which to choose, there are many top architects that specialize in designing modular homes. As with any home, modular homes can be built on to and expanded.

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