Gayle Draper - Real Estate Sales Representative

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  • Unique Open House you do not want to miss.

    Province recognizes REEP as a community leader

    WATERLOO REGION — REEP Green Solutions, a local leader in environmental action, has been honoured by the province for its promotion of sustainable practices.

    REEP received the Ministry of Environment’s 2011 Award for Environmental Excellence in the category of non-government organizations this week.

    The focus of the award this year was toxin reduction and water protection and conservation.

    Through the REEP House for Sustainable Living, located at 20 Mill St. in Kitchener, the organization educates homeowners on tangible changes they can make to improve their impact on the environment.

    The house’s permeable driveway helps the ground absorb rain water. It has an insulation display which compares the costs and benefits of the many options available. Those are just two examples of what homeowners can learn about water and energy conservation at the house

    Mary Jane Patterson, executive director at REEP, was gratified to receive the award.

    “It says to us and all the partners we work with locally, the work we’re doing together … has meaning and it goes beyond our own community,” she said.

    “We really see ourselves as a catalyst for action, for positive environmental action.”

    In addition to the REEP House, which is open every Saturday for visitors, the organization has partnered with the municipalities to create storm water credits and with the area universities for research and volunteer projects.

    “We certainly look for ways we can accomplish shared goals,” said Patterson.   From lgivetash@therecord.com

    www.reepwaterlooregion.ca

    Public open House each Saturday

    Drop in between 10 am and 2 pm at 20 Mill St., Kitchener

     

     

  • Buying a College Crib for Your Kid

    Buying a College Crib for Your Kid 

    There's an air of excitement when your kids move out to study at college or university.  It can however be very expensive!  Purchasing an investment property for your child to live in and manage can be a great way to offset those expenses.
     
    With interest rates at historic lows, it's a great time to finance an investment property but you'll still need to evaluate both the local market conditions and your long-term plans.  It's important to determine whether you plan on renting it out after your child graduates as this will affect the rate of  appreciation.
     
    The idea is to cover the mortgage payments with the rent collected from roommates while your child manages and maintains the property.  You'll have someone on site to cut the grass and perform other general types of maintenance as well as collect the rent.  These chores can be performed in return for a reduction of their rent.
     
    Ensure you thoroughly investigate the local real estate market and check out zoning laws regarding rentals.  Specific purchasing details such as co-signing the mortgage or listing your child on title should be discussed with your financial planner and mortgage advisor.  There are pros and cons to different ownership scenarios so you'll want to examine what makes sense for your individual situation.
     
    Purchasing an investment property that's managed by your child is not a decision that should be taken lightly but it's certainly an option worth considering.  Just make sure you do your homework so you're able to carefully weigh up the risks and rewards.  When you crunch the numbers, you may well find that purchasing a campus crib makes great sense!

  • The Coming Boom In Canadian Real Estate

    -93% of Canadian Seniors aged 65 and over live in private households
    -There are more than 2,351,000 owned households by those 60 plus
    -1 in 7 Canadians is now a senior. 50 years ago it was 1 in 14
    ... -10,100,000 boomers born in Canada Between 1946 and 1966
    -23.1% of Cdns will be 65 or older by 2016
    -45% of boomers make up the labour force - half of them are 50+
    -2025 - the year boomer retirement will crest