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February 2018

Found 4 blog entries for February 2018.

What Are The Benefits of a Home Solar Panel System? There is little dispute that renewable energy is good for the environment, and that solar energy is the prime source of that energy. But because initial costs are still relatively high, solar panel installations in provinces other than Ontario are not yet common, even though many homeowners see the benefits. Solar installations will pay for themselves over time, but with average savings only between $400 and $500 in many cases, and initial costs in the thousands of dollars, that payoff can be a long time coming.

Growth of the Industry

In Canada, the move to renewable energy is expected to pick up as the cost for installation of those panels continues to come down. Rooftop solar panels are not the niche market they once were, according to Rob

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Which Energy Efficient Projects Will Net the Best Results? When it comes to energy efficiency, different homeowners may have very different ideas when it comes to how they measure returns. Perhaps they're looking to save money on their home energy bills, or maybe they're only interested in upping the resale value. Some homeowners may only care about the long-term returns for the environment rather than their personal financial interest. But no matter what you want from home improvement upgrades, striving for efficiency is never a bad choice. See how to get the most out of every dollar you spend.

Best Places To Look For Energy Inefficiencies

From leaky windows to a 30-year old furnace, most homeowners have at least a vague idea of where their inefficiencies are coming from. However, an official energy

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RECBC Banner, New Rules for Real Estate in BC

Did you know that the BC Superintendent of Real Estate is effectively taking away your right to choose your own representation effective March 15, 2018?

Unfortunately the new rules intended to protect consumers fail badly and will undermine and compromise the public’s best interests. While in general I agree with limiting or banning dual representation, I do not agree that a past relationship with one party should lead to forced recusal of the other party. The public, you, should have a choice with proper and complete disclosure.

UPCOMING RECBC CHANGES FOR CONSUMERS WHO ARE BUYING OR SELLING MEAN YOU ARE NOT GOING TO HAVE A CHOICE AS TO WHO REPRESENTS YOU!

* Reposted from Barbara Bell-Olsen

THE IDES OF MARCH FOR THE REAL ESTATE INDUSTRY IN

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February 2018 Victoria Market update

Following an extremely busy January for us at The Neal Estate Team with substantially increased sales from January the previous year, we were surprised to see report from Victoria Real Estate Board’s that sales were down 10% from the year before. We were expecting a dip in January after the surge of business in the last quarter of 2017 which was linked to the mortgage rule change and buyers rushing to get in before the new rules were in place.

There were just 431 sales for VREB in January including just 118 condos. That’s a 30% drop in condo sales from January 2017 and 10% overall decline in sales. Our team doubled our accepted contracts in January from the previous year with 21 agreements in place for clients of The Neal Estate Team in January. It

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